Tools
Sorted by:
Try your query at:
 |
 |
 |
 |
 |
 |
Results 11 - 20
of
39,426
A Markov Model for the Term Structure of Credit Risk Spreads
- Review of Financial Studies
, 1997
"... This article provides a Markov model for the term structure of credit risk spreads. The model is based on Jarrow and Turnbull (1995), with the bankruptcy process following a discrete state space Markov chain in credit ratings. The parameters of this process are easily estimated using observable data ..."
Abstract
-
Cited by 377 (12 self)
- Add to MetaCart
, and for risk management. This article presents a simple model for valuing risky debt that explicitly incorporates a firm's credit rating as an indicator of the likelihood of default. As such, this article presents an arbitrage-free model for the term structure of credit risk spreads and their evolution
Correlation And Dependence In Risk Management: Properties And Pitfalls
- RISK MANAGEMENT: VALUE AT RISK AND BEYOND
, 1999
"... Modern risk management calls for an understanding of stochastic dependence going beyond simple linear correlation. This paper deals with the static (non-time-dependent) case and emphasizes the copula representation of dependence for a random vector. Linear correlation is a natural dependence measure ..."
Abstract
-
Cited by 338 (39 self)
- Add to MetaCart
Modern risk management calls for an understanding of stochastic dependence going beyond simple linear correlation. This paper deals with the static (non-time-dependent) case and emphasizes the copula representation of dependence for a random vector. Linear correlation is a natural dependence
The Economic Implications of Corporate Financial Reporting
, 2004
"... We survey 401 financial executives, and conduct in-depth interviews with an additional 20, to determine the key factors that drive decisions related to reported earnings and voluntary disclosure. The majority of firms view earnings, especially EPS, as the key metric for outsiders, even more so than ..."
Abstract
-
Cited by 369 (17 self)
- Add to MetaCart
reduces stock price because investors and analysts hate uncertainty. We also find that managers make voluntary disclosures to reduce information risk associated with their stock but try to avoid setting a disclosure precedent that will be difficult to maintain. In general, management’s views provide
Agency Costs, Risk Management, and Capital Structure
- JOURNAL OF FINANCE
, 1998
"... The joint determination of capital structure and investment risk is examined. Optimal capital structure reflects both the tax advantages of debt less default costs (Modigliani-Miller), and the agency costs resulting from asset substitution (Jensen-Meckling). Agency costs restrict leverage and debt m ..."
Abstract
-
Cited by 321 (3 self)
- Add to MetaCart
maturity and increase yield spreads, but their importance is relatively small for the range of environments considered. Risk management
Labor supply flexibility and portfolio choice in a life cycle model
, 1992
"... This paper examines the effect of the labor-leisure choice on portfolio and consumption decisions over an individual’s life cycle. The model incorporates the fact that individuals may have considerable flexibility in varying their work effort (including their choice of when to retire). Given this fl ..."
Abstract
-
Cited by 353 (8 self)
- Add to MetaCart
the individual to assume greater risks in his investment portfolio ex ante.
Software Risk Management: Principles and Practices
- IEEE Software
, 1991
"... Like many fields in their early stages, the software field has had its share of project disasters: the software equivalents of Beauvais Cathedral, the S.S. Titanic, and the "Galloping Gertie " Tacoma Narrows Bridge. The frequency of these disaster projects is a serious concern: a recent su ..."
Abstract
-
Cited by 287 (7 self)
- Add to MetaCart
Like many fields in their early stages, the software field has had its share of project disasters: the software equivalents of Beauvais Cathedral, the S.S. Titanic, and the "Galloping Gertie " Tacoma Narrows Bridge. The frequency of these disaster projects is a serious concern: a recent survey of 600 firms
Market-oriented cloud computing: Vision, hype, and reality for delivering IT services as computing utilities, in
- Department of Computer Science and Software Engineering (CSSE), The University of Melbourne, Australia. He
, 2008
"... This keynote paper: presents a 21 st century vision of computing; identifies various computing paradigms promising to deliver the vision of computing utilities; defines Cloud computing and provides the architecture for creating market-oriented Clouds by leveraging technologies such as VMs; provides ..."
Abstract
-
Cited by 328 (21 self)
- Add to MetaCart
thoughts on market-based resource management strategies that encompass both customer-driven service management and computational risk management to sustain SLAoriented resource allocation; presents some representative Cloud platforms especially those developed in industries along with our current work
Architecture and Evaluation of an Unplanned 802.11b Mesh Network
, 2005
"... This paper evaluates the ability of a wireless mesh architecture to provide high performance Internet access while demanding little deployment planning or operational management. The architecture considered in this paper has unplanned node placement (rather than planned topology), omni-directional a ..."
Abstract
-
Cited by 332 (1 self)
- Add to MetaCart
This paper evaluates the ability of a wireless mesh architecture to provide high performance Internet access while demanding little deployment planning or operational management. The architecture considered in this paper has unplanned node placement (rather than planned topology), omni
Risk Management, Capital Budgeting and Capital Structure Policy for Financial Institutions: An Integrated Approach
, 1996
"... : We develop a framework for analyzing the capital allocation and capital structure decisions facing financial institutions such as banks. Our model incorporates two key features: i) value-maximizing banks have a well-founded concern with risk management; and ii) not all the risks they face can be ..."
Abstract
-
Cited by 240 (7 self)
- Add to MetaCart
: We develop a framework for analyzing the capital allocation and capital structure decisions facing financial institutions such as banks. Our model incorporates two key features: i) value-maximizing banks have a well-founded concern with risk management; and ii) not all the risks they face can
Results 11 - 20
of
39,426
