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Author: Isabel Abínzano Guillén
Publisher: Ed. Universidad de Cantabria
ISBN: 8481028347
Category : Business & Economics
Languages : es
Pages : 64
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Book Description
El objetivo de este proyecto de investigación consiste por una parte en estudiar si las diferentes alternativas de medición del riesgo de impago ordenan de igual modo y por tanto se pueden utilizar de forma indistinta, y, por otro parte, en analizar cuál o cuáles son las medidas que mejor recogen el riesgo de crédito. Para ello, en primer lugar se realiza una comparación utilizando un análisis más amplio que los existentes en la literatura en cuanto a número de medidas a comparar, países de la muestra y horizonte temporal. Y en segundo lugar, se estudia el ajuste del riesgo de impago por parte de estas medidas tomando como referencia la ocurrencia o no del impago por parte de la empresa, a diferencia de otros trabajos que utilizan como referencia el rating o las primas de los Credit Default Swaps, que son también medidas del riesgo de impago. Los resultados obtenidos indican que existen diferencias significativas en la ordenación de las empresas en base a su riesgo de impago dependiendo de las medidas utilizadas, y que por otro lado, el ajuste del riesgo de impago también varía en función tanto de la medida empleada, como del tipo de empresa o del país considerado.
Author: Isabel Abínzano Guillén
Publisher: Ed. Universidad de Cantabria
ISBN: 8481028347
Category : Business & Economics
Languages : es
Pages : 64
Get Book Here
Book Description
El objetivo de este proyecto de investigación consiste por una parte en estudiar si las diferentes alternativas de medición del riesgo de impago ordenan de igual modo y por tanto se pueden utilizar de forma indistinta, y, por otro parte, en analizar cuál o cuáles son las medidas que mejor recogen el riesgo de crédito. Para ello, en primer lugar se realiza una comparación utilizando un análisis más amplio que los existentes en la literatura en cuanto a número de medidas a comparar, países de la muestra y horizonte temporal. Y en segundo lugar, se estudia el ajuste del riesgo de impago por parte de estas medidas tomando como referencia la ocurrencia o no del impago por parte de la empresa, a diferencia de otros trabajos que utilizan como referencia el rating o las primas de los Credit Default Swaps, que son también medidas del riesgo de impago. Los resultados obtenidos indican que existen diferencias significativas en la ordenación de las empresas en base a su riesgo de impago dependiendo de las medidas utilizadas, y que por otro lado, el ajuste del riesgo de impago también varía en función tanto de la medida empleada, como del tipo de empresa o del país considerado.
Author: Iván Blanco
Publisher: Ed. Universidad de Cantabria
ISBN: 8481028770
Category : Business & Economics
Languages : en
Pages : 90
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Book Description
Do financial derivatives enhance or impede innovation? We aim to answer this question by examining the relationship between equity options markets and standard measures of firm innovation. Our baseline results show that firms with more options trading activity generate more patents and patent citations per dollar of R&D invested. We then investigate how more active options markets affect firms' innovation strategy. Our results suggest that firms with greater trading activity pursue a more creative, diverse and risky innovation strategy. We discuss potential underlying mechanisms and show that options appear to mitigate managerial career concerns that would induce managers to take actions that boost short-term performance measures. Finally, using several econometric specifications that try to account for the potential endogeneity of options trading, we argue that the positive effect of options trading on firm innovation is causal.
Author: World Bank
Publisher: World Bank Publications
ISBN:
Category : Business & Economics
Languages : en
Pages : 468
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Book Description
This edition of the World Bank has been revised and expanded by the Terminology Unit in the Languages Services Division of the World Bank in collaboration with the English, Spanish, and French Translation Sections. The Glossary is intended to assist the Bank's translators and interpreters, other Bank staff using French and Spanish in their work, and free-lance translator's and interpreters employed by the Bank. For this reason, the Glossary contains not only financial and economic terminology and terms relating to the Bank's procedures and practices, but also terms that frequently occur in Bank documents, and others for which the Bank has a preferred equivalent. Although many of these terms, relating to such fields as agriculture, education, energy, housing, law, technology, and transportation, could be found in other sources, they have been assembled here for ease of reference. A list of acronyms occurring frequently in Bank texts (the terms to which they refer being found in the Glossary) and a list of international, regional, and national organizations will be found at the end of the Glossary.
Author: Enrique Cabrera Jr
Publisher: IWA Publishing
ISBN: 1843391988
Category : Science
Languages : en
Pages : 185
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Book Description
Benchmarking has become a key tool in the water industry to promote and achieve performance targets for utilities. The use of this tool for performance improvement through systematic search and adaptation of leading practices, has expanded globally during the past decade. Many ongoing projects worldwide aim to address different needs and objectives, in varying contexts, with outstanding results and impact. Benchmarking Water Services provides valuable information to everyone interested in benchmarking in the water industry. The text is aimed at utilities considering joining a benchmarking project, experienced practitioners in charge of organizing a benchmarking exercise, consultants, regulators and researchers. The document is presented with a clear practice oriented approach and can be used as a how-to-benchmark guide presented from different perspectives (participants, organizers, supervising bodies). Readers will gain practical insight on real life benchmarking practices and will benefit from the experiences gained in some of the leading benchmarking projects of the water industry (including the IWA-WSAA benchmarking efforts, the European Benchmarking Co-operation and the several benchmarking projects carried out in Austria and Central Europe). The manual also presents the new IWA Benchmarking Framework, which aims to harmonize the terms used to describe benchmarking and performance indicators practices in the water industry, guaranteeing a more fluent and efficient communication. This Manual of Best Practice is edited by the IWA Specialist Group on Benchmarking and Performance Assessment, and co-published by AWWA and IWA Publishing. Praise for Benchmarking Water Services: "The continual trend of conceptual to specifics throughout the book provides for an educational experience each time the book is either casually perused or carefully studied." "The authors (Cabrera, Haskins and Fritiz) diligently pursue the focus of improvement." "Benchmarking Water Services is an in depth and practical ‘must have’ guide for any utility currently engaged in or planning to develop a benchmarking process" - Gregory M. Baird (2012) Benchmarking: An International Journal 19:2. More information about the book can be found on the Water Wiki in an article written by the author: http://www.iwawaterwiki.org/xwiki/bin/view/Articles/TheNewIWABenchmarkingFramework A Spanish language version of this book is available as a free eBook: http://www.iwawaterwiki.org/xwiki/bin/view/Articles/eBookTitlesfromIWAPublishingFreetoDownload-Volume2#HBenchmarkingParaServiciosdeAgua
Author: Food and Agriculture Organization of the United Nations
Publisher: Food & Agriculture Org.
ISBN: 9251091870
Category : Social Science
Languages : en
Pages : 37
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Book Description
The understanding that some pesticides are more hazardous than others is well established. Recognition of this is reflected by the World Health Organization (WHO) Recommended Classification of Pesticides by Hazard, which was first published in 1975. The document classifies pesticides in one of five hazard classes according to their acute toxicity. In 2002, the Globally Harmonized System of Classification and Labelling of Chemicals (GHS) was introduced, which in addition to acute toxicity also provides classification of chemicals according to their chronic health hazards and environmental hazards.
Author: Pablo González Casanova
Publisher: New York : Oxford University Press
ISBN:
Category : Mexico
Languages : en
Pages : 272
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Book Description
Author: UNESCO
Publisher: UNESCO Publishing
ISBN: 9231002066
Category :
Languages : en
Pages : 53
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Book Description
Author: Eduardo Rojas
Publisher: David Rockefeller Center for Latin American Studies
ISBN:
Category : Business & Economics
Languages : en
Pages : 332
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Book Description
This book explores key metropolitan management issues, presents practical principles of good governance as they apply to the metropolis, and unfolds cases of institutional and programmatic arrangements to tackle such issues.
Author: Davide Furceri
Publisher: International Monetary Fund
ISBN: 1513531409
Category : Business & Economics
Languages : en
Pages : 26
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Book Description
This paper examines the distributional impact of capital account liberalization. Using panel data for 149 countries from 1970 to 2010, we find that, on average, capital account liberalization reforms increase inequality and reduce the labor share of income in the short and medium term. We also find that the level of financial development and the occurrence of crises play a key role in shaping the response of inequality to capital account liberalization reforms.
Author: Nora Clichevsky
Publisher:
ISBN: 9781558441491
Category : Land use, Urban
Languages : en
Pages : 0
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Book Description
Vacant urban land--the product of land market activity, the actions of private agents, and the policies of public agents--is an important challenge for policy makers. Vacant lots on the urban fringe and in central and interstitial areas have affected growth patterns in Latin America. Contributors to this book analyze the problems and opportunities related to vacant urban land in five cities: Buenos Aires, Argentina; Rio de Janeiro, Brazil; Quito, Ecuador; Lima, Perú; and San Salvador, El Salvador.
