Essays about: "Moral hazard"

Showing result 26 - 30 of 68 essays containing the words Moral hazard.

  1. 26. Earnings Management and the Cost of Publicly Issued Debt

    University essay from Lunds universitet/Företagsekonomiska institutionen

    Author : Patrik Wajnsztajn; Caroline Heintz; [2016]
    Keywords : Earnings management; bond yields; credit ratings; Credit rating agencies; IFRS.; Business and Economics;

    Abstract : The purpose of this study is to empirically test whether earnings management (both accruals-based and real) has an impact on the cost of public debt (approximated by credit ratings and bond yields) issued on the European bond market. Using a cross-sectional approach, accruals-based and real earnings management are estimated. READ MORE

  3. 27. State aid in the financial sector during the financial crisis in Europe; Lessons to learn?

    University essay from Lunds universitet/Juridiska institutionen

    Author : Nathalja Nolen; [2016]
    Keywords : State aid; EU Law; European Union; Europe; Financial Crisis; Banking Union; Banks; Competition; Moral Hazard; Law and Political Science;

    Abstract : In response to the financial crisis in Europe the European Commission developed a new legal framework with Article 107 (b) TFEU (Treaty of the Functioning of the European Union) as its legal basis. This new legal framework consisted of the 2008 Banking Communication, the Recapitalization Communication, the Impaired Assets Communication, the Restructuring Communication and the 2013 Banking Communication. READ MORE

  4. 28. Valuation of Contingent Convertible Bonds

    University essay from KTH/Matematisk statistik

    Author : Alexander Back; William Keith; [2016]
    Keywords : Contingent Convertible Bonds; Hybrid Capital; Capital Structure; Capital Adequacy Regulation; Basel III; Risk-NeutralValuation;

    Abstract : Contingent convertible bonds are hybrid capital instruments, contingent on some form of indicator of financial distress of the issuing bank. Following the financial crisis, these instruments are proposed as a solution to the moral hazard issue of banks too big to fail. READ MORE

  5. 29. The Relation between Efficiency, Non-Performing Loans and Capitalization in the Nordic Banking Sector

    University essay from Lunds universitet/Nationalekonomiska institutionen

    Author : Vivien Quadt; Tuyen Nguyen; [2016]
    Keywords : Banking; Efficiency; Non-Performing Loans; Capitalization; Management Behavior; Business and Economics;

    Abstract : This paper analyzes relationships between efficiency, non-performing loans and capitalization in the Nordic banking sector (Denmark, Finland, Norway, Sweden and Iceland) based on a panel dataset of 40 banks from the period of 2006 to 2015. Efficiency is measured by the ratio of non-interest expense to net operating income, the ratio of loan loss provision to total loans serves as a proxy for non-performing loans and capitalization is the ratio of equity to total assets. READ MORE

  6. 30. The buyer-seller risk distribution and competition effects in procurement auctions

    University essay from KTH/Entreprenörskap och Innovation

    Author : Ivan Ridderstedt; [2016]
    Keywords : Procurement auctions; public procurement; government procurement; competition effects; common-value model; risk distribution; procurement productivity;

    Abstract : This thesis investigates how competition effects in government procurement auction are affected by the risk distribution between the procurer and the winning bidder. The risk distribution is linked to the conditions of payment which is assumed to be largely determined by the procurer. READ MORE