The Infona portal uses cookies, i.e. strings of text saved by a browser on the user's device. The portal can access those files and use them to remember the user's data, such as their chosen settings (screen view, interface language, etc.), or their login data. By using the Infona portal the user accepts automatic saving and using this information for portal operation purposes. More information on the subject can be found in the Privacy Policy and Terms of Service. By closing this window the user confirms that they have read the information on cookie usage, and they accept the privacy policy and the way cookies are used by the portal. You can change the cookie settings in your browser.
<?Pub Dtl?>The price formation of the Iberian Energy Derivatives Market—the power futures market—starting in July 2006, is assessed until November 2011, through the evolution of the difference between forward and spot prices in the delivery period (“ex-post forward risk premium”) and the comparison with the forward generation costs from natural gas (“clean spark spread”). The premium tends to...
The majority of scholars at home and abroad come to the conclusion that the debt has positive governance effect on company performance, while little research on debt restriction on company activities. This paper study the restrictive terms of bank loans how to influence agency costs and operating activities of listed companies. This paper used the data of our Shanghai and Shenzhen A-share listed companies...
Recovery rates play an important role in Nth CDS pricing, while, it's difficult to get realistic recovery rates. Assuming that the recovery rates are stochastic and follow different Copulas with corresponding default times. Under this assumption, we develop a simulation Algorithm to price the Nth CDS. According to the result of simulation pricing, the prices of Nth CDS are different under the condition...
Western risk management theory suggests that corporate risk management is due to tax convexity, financial distress costs, under investment problem, and managerial risk aversion etc. This paper provides evidence on the determinants of corporate risk management policies through hedging. Data on hedging are obtained from 2007 annual reports for a sample of 1151 China non financial listed firms. Our evidence...
Set the date range to filter the displayed results. You can set a starting date, ending date or both. You can enter the dates manually or choose them from the calendar.