An examination of the relative value of securities in a corporation's capital structure, using the concept of contingent value analysis.In 1973, Fischer Black, Myron Scholes, and Robert Merton pointed out that securities issued by a corporation can be priced as claims whose values are contingent on the value of the enterprise as a whole. The notion of treating corporate securities as contingent…
This book is a one-stop-shop reference for risk management practitioners involved in the validation of risk models. It is a comprehensive manual about the tools, techniques and processes to be followed, focused on all the models that are relevant in the capital requirements and supervisory review of large international banks.
The development and deployment of cleaner energy technologies have become globalized phenomena. Yet despite the fact that energy-related goods account for more than ten percent of international trade, policy makers, academics, and the business community perceive barriers to the global diffusion of these emerging technologies. Experts point to problems including intellectual property concerns, t…
This book was written by a team of researchers from CEFIR in Moscow.An analysis of the challenges facing Russia's economy ten years after the transition, based on recent research and data.Can Russia's recent burst of economic growth be sustained? Taking a comprehensive look at the economic and political regime shift from Yeltsin to Putin, this book explores the key challenges facing the Russian…
Top economists examine one of the key forces in globalization from a wide range of theoretical and empirical perspectives.OCLC-licensed vendor bibliographic record.
Analyzes the extent to which foreign investment in Mexico's information technology sector brought economic, social, and environmental benefits to Guadalajara.Foreign investment has been widely perceived as a panacea for developing countries--as a way to reduce poverty and kick-start sustainable modern industries. The Enclave Economy calls this prescription into question, showing that Mexico's p…
Title from title screen.Detailed, practical advice on hiring financial advisers.OCLC-licensed vendor bibliographic record.
Robert Hof untersucht die Bedeutung des Innovationsgrades der Geschäftsidee von Start-ups für deren Finanzierungsmöglichkeiten und analysiert, ob es Unterschiede in der Finanzierbarkeit von Start-ups mit mehr bzw. weniger innovativen Geschäftsideen gibt. Die Ergebnisse der empirischen Untersuchung liefern konkrete Hinweise, nach welchen Kriterien Risikokapitalgeber ihre Investitionsentschei…
The inventive process is the most important driver of economic growth. Venture capital (VC) funds have contributed a small, but critical, part to the inventive process. VC funds boost the inventive process by selecting a small number of radical ideas out a large flow of ideas and invest in their testing, development and commercialization. They bring together capital from general savings, manage…
This book aims to overcome the limitations the variations in bank-specifics impose by providing a bank-specific valuation theoretical framework and a new asset-side model. The book includes also a constructive comparison of equity and asset side methods. The authors present a novel framework entitled, the “Asset Mark-down Model”. This method incorporates an Adjusted Present Value model, whi…