Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
Results
Showing 1 to 15 of 15 for “"Macroeconomic Risk"”.
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The effect of idiosyncratic and macroeconomic risk on cash holdings
… cash holdings to changes in idiosyncratic and macroeconomic risk. The analysis is carried out for a panel of South African non-financial firms from 1980 to 2019. Employing the two-step system Generalised Methods of Moments (GMM), results show that South African firms become conservative with …
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Essays on Macroeconomic Shocks and the Business Cycle
This thesis studies questions on macroeconomic shocks and the business cycle using empirical methods. Over three chapters, I study the origins and implications of business cycle behaviour in the United States. My work provides a novel approach to estimating the macroeconomic risks priced in equity …
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The Human Factor in Supply Chain Risk Management
… human impact in SCRM from the microeconomic and macroeconomic perspectives. First, using a positivist theory building approach, we synthesize behavioral risk management and supply chain risk management theory to propose behavioral supply chain risk management as a new topic area. This paper is …
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Risk implications of the deployment of renewables for investments in electricity generation
This thesis explores the potential risk implications that a large penetration of intermittent renewable electricity generation -such as wind and solar power- may have on the future electricity generation technology mix, focusing on the anticipated new operating conditions of different thermal …
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Three Essays on International Financial Market Linkages
… 2, is an investigation of the hypothesis that macroeconomic uncertainty is a significant risk factor in explaining deviations from the uncovered interest parity (UIP) condition (or time-varying risk premium) using data from the G7 countries. To analyze the relationship between the risk premium …
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The Impact of Medical Spending Growth on Guaranteed Renewable Health insurance
… of guaranteed renewability in an economy with risk to show the specific ways that medical spending growth enters the premium and reserve functions. I treat stochastic trend as a factor the insurance company can predict with error. I utilize aggregate and individual level insurance spending data …
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Essays in Macro Finance
… the link between capital markets and sources of macroeconomic risk. In chapter 1 I show that expected inflation risk is priced in the cross section of stock returns even after controlling for cash flow growth and volatility risks. Motivated by this evidence I study a long run risk model with a …
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Underlying Risk Dimensions in the Restaurant Industry: A Strategic Finance Approach
… is through understanding the level of risk these opportunities bear. This can be achieved by analyzing the causal relationships between external environmental forces and internal capabilities of the firm, and then make a strategic choice in what opportunities to invest. The purpose of …
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Information risk, uncertainty risk and asset prices
… fluctuations and carries a negative price of risk for asset valuations. The interaction between imperfect information and financial market friction provides an important channel to amplify the effect of information uncertainty on asset pricing. Empirical evidence supports the model's …
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Essays in International Finance and the Global Financial Crisis
… crisis. Chapter one links the foreign exchange risk premium to macroeconomic risk by studying the options market around macroeconomic news releases. Using a unique data set of overnight currency option prices, I study the reaction of the entire state price density to both anticipated and …
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Important factors for shipping companies in raising funds in the equity and high yield bond public capital markets
… between a prespecified set of global macroeconomic risk variables and shipping stock returns internationally. The sample consists of 36 companies that are listed in 10 stock exchanges around the world and the analysis concentrates in the period December 1989 - March 1998. The …
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Essays in financial economics
… phenomena using semi-parametric competing risks models. The first essay analyzes the determinants of corporate defaults and mergers. The second essay investigates how sell-side analysts make recommendation revisions facing various incentives at different points in time. The first essay, …
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Asset pricing in UK
… Asset Pricing Model and examine the behaviour of macroeconomic risk premiums over time. We provide practical tests of Conditional Asset Pricing Models and forecast (i) the sign of the price of risk using the probit model, (ii) the magnitude of the price of risk and (iii) portfolio returns for the …
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Quantitative Models for Prudential Credit Risk Management
… for achieving unification in consumer credit risk analysis. We explore how the EMV model can be used in origination modelling, impairment analysis, capital analysis, stress-testing and in the assessment of economic value. The thesis is segmented into five themes. The first theme addresses some …
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Quantitative models for prudential credit risk management
… for achieving unification in consumer credit risk analysis. We explore how the EMV model can be used in origination modelling, impairment analysis, capital analysis, stress-testing and in the assessment of economic value. The thesis is segmented into five themes. The first theme addresses some …