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Displaying results 1 to 9 of 9.

  1. Leverage effects and stochastic volatility in spot oil returns
    a Bayesian approach with VaR and CVaR applications
    Author: Chen, Liyuan; Zerilli, Paola; Baum, Christopher F.
    Published: January 28, 2018
    Publisher:  Boston College, Chestnut Hill, MA, USA

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Content information
    Volltext (kostenfrei)
    Volltext (kostenfrei)
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Boston College working papers in economics ; 953
    Subjects: Value-at-Risk; Conditional Value-at-Risk; Asymmetric Laplace distribution; Stochastic volatility model; Bayesian Markov Chain Monte Carlo; leverage effect
    Scope: 1 Online-Ressource (circa 38 Seiten), Illustrationen
  2. Do firms earn the cost of capital due to tax shields of debt and provisions?
    German evidence
    Author: Schüler, Andreas
    Published: 2002
    Publisher:  Univ., Wirtschaftswiss. Fak., Regensburg

    Location:
    Niedersächsische Staats- und Universitätsbibliothek Göttingen
    Signature:
    K 2003 B 1228
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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    W 400 (372)
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    Location:
    Hochschule Schmalkalden, Cellarius Bibliothek
    Signature:
    BWL 522 10147/03
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Print
    RVK Categories: QB 910 ; QG 215
    Series: Regensburger Diskussionsbeiträge zur Wirtschaftswissenschaft ; 372
    Subjects: Rendite; Kapitalstruktur; Steuervermeidung; Fremdkapital; Rückstellung; Kapitalkosten; Deutschland; leverage effect
    Scope: 27, 1 Bl
    Notes:

    Literaturverz. Bl. 24 - 26
  3. Does the firm-specific asset volatility process implied by the equity market revert to a constant value?
    Published: 11 June 2004
    Publisher:  Judge Institute of Management, Cambridge

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    W 1478 (2004.11)
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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Keine Speicherung
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Edition: [Elektronische Ressource]
    Series: Research papers in management studies ; 2004,11
    Subjects: Rendite; Kapitaleinkommen; Volatilität; Kapitalstruktur; Shareholder Value; Theorie; leverage effect
    Scope: Online-Ressource, 29 p. = 203 KB, text, ill
    Notes:

    Record-last-verified: 08-03-05
  4. Miles-Ezzell's WACC approach yields arbitrage
    Author: Löffler, Andreas
    Published: 2001
    Publisher:  Univ. Hannover, Fachbereich Wirtschaftswiss., Hannover

    Location:
    Niedersächsische Staats- und Universitätsbibliothek Göttingen
    Signature:
    1 : Z 105.588 -248-
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    Location:
    Technische Informationsbibliothek (TIB) / Leibniz-Informationszentrum Technik und Naturwissenschaften und Universitätsbibliothek
    Signature:
    KAP 11570
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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    W 163 (248)
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    Location:
    Universität Konstanz, Kommunikations-, Informations-, Medienzentrum (KIM)
    Signature:
    wrc 10.06:i/h16-248
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Print
    Series: Diskussionspapiere / Fachbereich Wirtschaftswissenschaften, Universität Hannover ; 248
    Subjects: Unternehmensbewertung; Cash Flow; Diskontierung; Kapitalkosten; Unternehmensbesteuerung; Arbitrage; Theorie; leverage effect
    Scope: 12 Bl.
    Notes:

    WACC = weighted average cost of capital
  5. On the irrelevance of the leverage effect
    Author: Nippel, Peter
    Published: 2001
    Publisher:  Inst. für Betriebswirtschaftslehre, Kiel

    Financial leverage increases the expected return on equity. We show that this leverage effect is not only irrelevant for shareholders' present wealth but also for the return on their investments. This result is straightforward if we do not only look... more

    Location:
    Universitätsbibliothek Kiel, Zentralbibliothek
    Signature:
    EZ 845
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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    DS 504 (549)
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    Financial leverage increases the expected return on equity. We show that this leverage effect is not only irrelevant for shareholders' present wealth but also for the return on their investments. This result is straightforward if we do not only look at the return on equity but at the return on shareholders' total wealth. Any relevance leverage may have is definitely due to market imperfections. These may simply cause differences in market access for firms and individuals or lead to agency problems between investors and management.

     
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    Content information
    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/111048
    Series: Manuskripte aus den Instituten für Betriebswirtschaftslehre der Universität Kiel ; 549
    Subjects: Rendite; Kapitaleinkommen; Kapitalstruktur; Shareholder Value; Theorie; leverage effect
    Scope: Online-Ressource (9 S.)
  6. Miles-Ezzell's WACC approach yields arbitrage
    Author: Löffler, Andreas
    Published: 2002
    Publisher:  Univ. Hannover, Fachbereich Wirtschaftswiss., Hannover

    A simple counterexample shows the the widely used WACC approach to value leverage firms developed by Miles and Ezzell can create an arbitrage opportunity. The only consequence to be drawn is that their WACC approach cannot be applied under the... more

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    DS 8 (248)
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    A simple counterexample shows the the widely used WACC approach to value leverage firms developed by Miles and Ezzell can create an arbitrage opportunity. The only consequence to be drawn is that their WACC approach cannot be applied under the circumstances assumed by Miles and Ezzell.

     
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/78307
    Edition: This version: July 2002
    Subjects: Unternehmensbewertung; Cash Flow; Diskontierung; Kapitalkosten; Unternehmensbesteuerung; Arbitrage; Theorie; leverage effect
    Scope: 1 Online-Ressource (12 Seiten)
    Notes:

    WACC = weighted average cost of capital
  7. Extreme downside risk and financial crises
    Author: Harris, Richard D. F.; Nguyen, Linh H.; Stoja, Evarist
    Published: 2015
    Publisher:  Bank of England, London

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Staff working paper / Bank of England ; 547
    Subjects: Downside risk; Markov switching; financial crisis; value at risk; leverage effect; volatility feedback effect
    Scope: Online-Ressource (38 S.), graph. Darst.
  8. The good, the bad, and the asymmetric
    evidence from a new conditional density model
    Author: Kostyrka, Andreï; Malakhov, Dmitry
    Published: 2021
    Publisher:  University of Luxemborg, Faculty of Law, Economics and Finance, Luxembourg

    Access:
    Resolving-System (lizenzpflichtig)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 612
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10993/47435
    Series: Discussion paper / Department of Economics and Management, University of Luxembourg ; 2021, 09
    Subjects: GARCH; conditional density; leverage effect; jumps; bad volatility; good volatility
    Scope: 1 Online-Ressource (circa 42 Seiten)
    Notes:

    Zugriff auf den Volltext nur auf Anfrage
  9. On the irrelevance of the leverage effect
    Author: Nippel, Peter
    Published: 2001
    Publisher:  Inst. f. Betriebswirtschaftslehre, Kiel

    Location:
    Universitätsbibliothek Kiel, Zentralbibliothek
    Signature:
    Qz 3579
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    Location:
    Universitätsbibliothek Kiel, Zentralbibliothek
    Signature:
    Z 845-549
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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    W 351 (549)
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Print
    Series: Manuskripte aus den Instituten für Betriebswirtschaftslehre der Universität Kiel ; 549
    Subjects: Rendite; Kapitaleinkommen; Kapitalstruktur; Shareholder Value; Theorie; leverage effect
    Scope: 9 Bl