Listar por tema "G20"
Mostrando ítems 1-6 de 6
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Analysis of the Spanish System of Mutual Guarantee Societies: Comparative study by Autonomous Regions
Universitat Jaume I (2015-12-14)In the context of the current economic and financial downturn, the barriers to bank credit for the small and medium-sized enterprises (SMEs) have become more and more insurmountable. Faced with this situation and given the ... -
Credit Quality and Substitution in SME Finance
World Scientific Publishing (2021-09-02)We investigate whether and how SMEs’ credit quality influences their substitution of bank credit for trade credit. Using data from the five largest European countries, we find that substitution of bank credit for trade ... -
Mutual fund performance and changes in factor exposure
Wiley (2022-03-21)In this article, we examine whether active mutual funds that markedly change their exposure to systematic risk factors subsequently outperform. We propose a new returns-based approach to assess the degree to which mutual ... -
Profitability of spanish savings banks according to size, efficiency and risk
Universitat Jaume I (2015)In Spain between 2007 and 2010 there has been a restructuring in the sector of savings banks, which has led to the virtual disappearance of dominant positions by mergers and subsequent changes in ownership structure ... -
Upside versus downside risk: Gender, stakes, and skewness
Elsevier (2022-05-29)Risky choices often involve a tradeoff between expected payoff and payoff variability. Subjects in a simple experiment, however, exhibit more aversion to “downside risk” (with a small probability of a low payoff) and more ... -
Why is timing perverse?
Taylor & Francis (2015)The existence of negative market timing, even for passive portfolios, poses a relevant puzzle when assessing portfolio management. In this paper, we develop a simple theoretical model so as to explain why such perverse ...