Green bonds as a tool against climate change?
Sign Up to like & getrecommendations! Published in 2021 at "Business Strategy and The Environment"
DOI: 10.1002/bse.2771
Abstract: While green bonds are becoming increasingly popular in the corporate finance practice, little is known about their implications and effectiveness in terms of issuers' environmental engagement. Using matched bond-issuer data, we test whether green bond… read more here.
Keywords: finance; climate change; tool climate; bonds tool ... See more keywords
Impact of disclosure and assurance quality of corporate sustainability reports on access to finance
Sign Up to like & getrecommendations! Published in 2019 at "Corporate Social Responsibility and Environmental Management"
DOI: 10.1002/csr.1724
Abstract: This paper investigates the impact of corporate social responsibility (CSR) disclosure quantity, quality, and external validation concerning assurance on capital constraints. We examine if these disclosure characteristics matter to the investors in the financial market,… read more here.
Keywords: disclosure; finance; quality; assurance ... See more keywords
The impact of digital finance on financial efficiency
Sign Up to like & getrecommendations! Published in 2020 at "Managerial and Decision Economics"
DOI: 10.1002/mde.3168
Abstract: This paper quantitatively analyzes the impact of digital finance on financial efficiency. The results show that digital finance has slightly improved the efficiency of the financial sector, but there are significant differences in the impact… read more here.
Keywords: financial efficiency; finance financial; finance; digital finance ... See more keywords
Statistical analysis of financial data with many zeros
Sign Up to like & getrecommendations! Published in 2017 at "Wiley Interdisciplinary Reviews: Computational Statistics"
DOI: 10.1002/wics.1399
Abstract: One of the core issues in finance is to understand why firms finance themselves as they do. This issue has become increasingly important because how firms are financed influences their performance and value. Since the… read more here.
Keywords: analysis; finance; financial data; debt claim ... See more keywords
Resources for Starting a Company.
Sign Up to like & getrecommendations! Published in 2022 at "Methods in molecular biology"
DOI: 10.1007/978-1-0716-1892-9_30
Abstract: After having painstakingly invented a new product, filed patents, published papers in peer-reviewed journals, you reach out to companies to license your product. More often, they reject the product as it is novel and risky.… read more here.
Keywords: product; resources starting; company; starting company ... See more keywords
The finance/innovation nexus in Schumpeterian analysis: theory and application to the case of U.S. trustified capitalism
Sign Up to like & getrecommendations! Published in 2018 at "Journal of Evolutionary Economics"
DOI: 10.1007/s00191-018-0601-5
Abstract: Joseph Schumpeter built his theory of economic development around the interaction between the entrepreneur and the banker, representations of the underlying finance/innovation nexus. The neo-Schumpeterian revival has marginalized this theoretical element, in favor of an… read more here.
Keywords: innovation; finance; finance innovation; innovation nexus ... See more keywords
Equilibrium in risk-sharing games
Sign Up to like & getrecommendations! Published in 2017 at "Finance and Stochastics"
DOI: 10.1007/s00780-017-0323-9
Abstract: The large majority of risk-sharing transactions involve few agents, each of whom can heavily influence the structure and the prices of securities. In this paper, we propose a game where agents’ strategic sets consist of… read more here.
Keywords: risk sharing; equilibrium risk; risk; finance ... See more keywords
On time-inconsistent stochastic control in continuous time
Sign Up to like & getrecommendations! Published in 2017 at "Finance and Stochastics"
DOI: 10.1007/s00780-017-0327-5
Abstract: In this paper, which is a continuation of the discrete-time paper (Björk and Murgoci in Finance Stoch. 18:545–592, 2004), we study a class of continuous-time stochastic control problems which, in various ways, are time-inconsistent in… read more here.
Keywords: stochastic control; time; study; finance ... See more keywords
Linear credit risk models
Sign Up to like & getrecommendations! Published in 2019 at "Finance and Stochastics"
DOI: 10.1007/s00780-019-00409-z
Abstract: We introduce a novel class of credit risk models in which the drift of the survival process of a firm is a linear function of the factors. The prices of defaultable bonds and credit default… read more here.
Keywords: finance; linear credit; risk models; credit risk ... See more keywords
Pathwise superhedging on prediction sets
Sign Up to like & getrecommendations! Published in 2017 at "Finance and Stochastics"
DOI: 10.1007/s00780-019-00412-4
Abstract: In this paper, we provide a pricing–hedging duality for the model-independent superhedging price with respect to a prediction set Ξ ⊆ C [ 0 , T ] $\Xi \subseteq C[0,T]$ , where the superhedging property… read more here.
Keywords: superhedging prediction; prediction sets; finance; price ... See more keywords
An incomplete equilibrium with a stochastic annuity
Sign Up to like & getrecommendations! Published in 2018 at "Finance and Stochastics"
DOI: 10.1007/s00780-020-00415-6
Abstract: We prove the global existence of an incomplete, continuous-time finite-agent Radner equilibrium in which exponential agents optimise their expected utility over both running consumption and terminal wealth. The market consists of a traded annuity, and… read more here.
Keywords: annuity; equilibrium; finance; stochastic annuity ... See more keywords