firm specific risk
Firm Specific Risk and Return: Quantile Regression Application
... of firm specific risk (FSR) in asset pricing due to the possibility of its removal by diversification is one of the major assumptions of classical ...phenomenon specific to developed markets ...
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State Ownership, Firm Specific Risk and Momentum Trading
... private firm-specific information is higher in less informative environments, government-owned companies may discourage informed trading which leads to less informative prices (Grossman and Stiglitz, ...
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Future Realized Return, Firm-Specific Risk and the Implied Expected Return
... what risk proxies we control for, the implied risk premium has significant explanatory power to excess one-year ahead realized ...expected risk premium in Table 5 column 2 shows that ERP is ...
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Firm Heterogeneity and Credit Risk Diversification
... credit risk and derives the limit distribution of losses under different assumptions regarding the structure of systematic and idiosyncratic risks and the nature of firm ...if firm-specific ...
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Risk Management for a Risk-averse Firm with Contingent Payment
... price risk management problem of the firm using commodity ...make-to-order firm receives uncertain contingent payment from the ...the risk-averse attitude of the firm and terminal ...
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Regional Policies, Firm Characteristics, and Exporting in the Indian State of Karnataka
... The dataset: The SPIESR-GIDR locational dataset of Indian manufacturing firms has been compiled for the ICSSR (Indian Council of Social Science Research) sponsored research project entitled Exploring Regional Patterns of ...
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Economic integration and human capital investment
... In this paper we seek to characterise a market for heterogeneous managers created by heterogeneous firms. Managers can acquire both sector- and firm-specific skills through investment. We consider the ...
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Derivatives Use In The Partial Hedging Of Currency Risk: A Firm-Specific Approach To Understanding The Exchange Rate Exposure Puzzle
... a firm-specific approach to understanding the exchange rate exposure puzzle, and departs from prior research in two important ...the firm is most exposed and whether the firm uses a partial ...
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Risk, limited liability and firm scope
... Compared with previous literatures on moral hazard in teams, our model has the following differences: under the setting of indirect externalities and the assumption of unobservable effort, the principal's wage (incentive ...
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Creative Destruction and Firm-Specific Performance Heterogeneity
... high firm-specific performance heterogeneity in fundamentals and stock returns, as winner and loser firms gradually emerge and are ...process, firm-level performance necessarily deviates from ...
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Firm-specific Determinants of Agricultural Financial Reporting
... Based on the literature concerning this research topic (Santos, Ponte, & Mapurunga, 2013; Lopes & Rodrigues, 2007; Owusu-Ansah, 1998), the disclosure index is dichotomous, unweighted and adjusted for ...
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Religiosity and Corporate Risk-taking
... affects firm risk-taking, after controlling for other determinants of risk-taking behavior including firm intrinsic and extrinsic religiosity, social capital of the district where the ...
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The Effects of Derivatives on Firm Risk and Value
... firm’s risk and value measures related to financial or economic ...the risk and return by estimating equation (1) for the years 2000- 2002 and calculate the differences in market beta and alpha of each ...
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Risk based cash demand in a firm
... Using information about future cash inflows and outflows, we are able to apply, for example, the Baumol model or the Beranek model. If we anticipate that cash inflows are greater than outflows, we are able to use the ...
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The effects of derivatives on firm risk and value
... firms’ risk and value is still ...total risk, idiosyncratic risk, and risk ex- posures to interest rate changes of these firms decline, but he finds no significant change in the market ...
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Quality management practices and firm performance among manufacturing firms in Kenya
... Bryman and Bell (2003) in their study identified continuous improvement as a culture of sustaining improvement by aiming at the elimination of waste in all systems and processes of an organization so as to improve ...
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Credit Ratings and Firm Litigation Risk
... financial risk, stock volatility and price/earnings ratio to predict the firm’s future ...the risk of financial distress for a company, which predicts the information of financial ...agency risk and ...
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Determinants of capital structure Evidence from Shari'ah compliant and non compliant firms
... firms, firm size shows a positive relationship on BLEV only for SNC ...a firm becomes the less it is exposed to bankruptcy risk (see Section ...lower risk of bankruptcy ...The firm size ...
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Firm Risk And Performance: Spritzer Berhad
... Based on table 4.2 GDP and inflation has weak relationship with return on asset on average, and that’s indicate statistically that Spritzer is doing well when GDP and inflation are drop. Exchange rate has strongly ...
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Determinants of the Performance of Firms Listed At the Nairobi Securities Exchange
... both firm specific (internal) factors (including corporate governance, leverage, and liquidity and firm size) and industry specific (external) factors (including growth, concentration, capital ...
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