MoneyScience News |
- Blog Post: TheAlephBlog: On Watchlists
- The Financial Education Daily is out! http://t.co/mgDaff68 ⸠Top stories today via @CarlsonNews @DukeFuquaMMS
- Published / Preprint: A Message from the Editor
- Published / Preprint: Executive Summaries
- Published / Preprint: Seven Ways to Deal with a Financial Crisis: CrossâCountry Experience and Policy Implications1
- Published / Preprint: Coming Through in a Crisis: How Chapter 11 and the Debt Restructuring Industry Are Helping to Revive the U.S. Economy
- Published / Preprint: International Propagation of the Credit Crisis: Lessons for Bank Regulation*
- Published / Preprint: A Proposal to Improve U.S. Housing Market Incentives: A Response to the Federal Reserve White Paper of January 2012
- Published / Preprint: A Primer on Distressed Investing: Buying Companies by Acquiring Their Debt
- Published / Preprint: Are Too Many Private Equity Funds Top Quartile?
- Published / Preprint: What Happens During the Private Period?: Evidence from PublicâtoâPrivate Reverse LBOs
- Published / Preprint: The Case for Secondary Buyouts as Exit Channel
- Published / Preprint: Do Private Equity Funds Increase Firm Value? Evidence from Japanese Leveraged Buyouts
- Published / Preprint: CDS and the Resolution of Financial Distress
- MoneyScience Daily is out! http://t.co/aGkJAVQE : Top stories today via @hedgefundfocus @mjpanzner @Kiffmeister
- The Team at MoneyScience wishes you a very Merry Christmas! http://t.co/kvoK0QUz
| Blog Post: TheAlephBlog: On Watchlists Posted: 26 Dec 2012 01:38 AM PST Before I start this evening, a quick story:read more... Visit MoneyScience for the Complete Article.      |
| Posted: 25 Dec 2012 11:35 PM PST BusinessSchools: The Financial Education Daily is out! http://t.co/mgDaff68 â–¸ Top stories today via @CarlsonNews @DukeFuquaMMS Visit MoneyScience for the Complete Article.    |
| Published / Preprint: A Message from the Editor Posted: 25 Dec 2012 08:49 AM PST    |
| Published / Preprint: Executive Summaries Posted: 25 Dec 2012 08:49 AM PST    |
| Posted: 25 Dec 2012 08:49 AM PST This article presents a taxonomy of financial restructuring strategies that have been used by national policy makers to manage financial crises in the past. The goals of financial restructuring are to preserve or, if necessary, restore the debtorâ€creditor relationships on which the economy depends for efficient allocation of capital, and to do so at minimal cost. Costs include not only the... Visit MoneyScience for the Complete Article.    |
| Posted: 25 Dec 2012 08:49 AM PST During the recent financial crisis, U.S. bankruptcy courts and debt restructuring practitioners were faced with the largest wave of corporate defaults and bankruptcies in history. In 2008 and 2009, $1.8 trillion worth of public company assets entered Chapter 11 bankruptcy protectionâ€"almost 20 times the amount during the prior two years. And the portfolio companies of U.S. private equity firms... Visit MoneyScience for the Complete Article.    |
| Published / Preprint: International Propagation of the Credit Crisis: Lessons for Bank Regulation* Posted: 25 Dec 2012 08:49 AM PST The authors use a large sample of nonâ€U.S. banks to examine the origins and spread of the 2007â€"2009 crisis. Using both stock market and structural variables, they test whether the effects of the crisis on individual banks are better explained by crisis models or by the VaRâ€type analysis of the Basel system. The latter emphasizes risk weightings for individual assets while ignoring linkages... Visit MoneyScience for the Complete Article.    |
| Posted: 25 Dec 2012 08:49 AM PST The U.S. housing finance market has not yet recovered from the housing price bubble that peaked in late 2006. Even though prices have fallen significantly, there are still problems in clearing the market. For the last few years, a group of financial economists and practitioners who are part of the Financial Management Association's Practitioner Demand Driven Academic Research Initiative (PDDARI)... Visit MoneyScience for the Complete Article.    |
| Published / Preprint: A Primer on Distressed Investing: Buying Companies by Acquiring Their Debt Posted: 25 Dec 2012 08:49 AM PST Distress or vulture investing requires a high level of business acumen combined with deep knowledge of accounting, finance, and corporate and restructuring law. In this paper, the authors provide a pedagogical discussion of an importantâ€"and socially beneficialâ€"kind of vulture investing through which creditors often gain control of distressed companies. Such investing requires intensive... Visit MoneyScience for the Complete Article.    |
| Published / Preprint: Are Too Many Private Equity Funds Top Quartile? Posted: 25 Dec 2012 08:49 AM PST Assessing investment performance for private equity is inherently difficult due in large part to the nature of illiquid assets. Compounding this problem, investors and researchers alike are bedeviled by the existing lack of comprehensive, highâ€quality data. The current state of affairs obscures answers to basic practical questions, leads to lack of standardization, and creates confusion.read... Visit MoneyScience for the Complete Article.    |
| Posted: 25 Dec 2012 08:49 AM PST This study provides new evidence on the restructuring activities undertaken by publicâ€toâ€private reverse leveraged buyouts (RLBOs) while owned by private equity firms. The authors' comprehensive sample of publicâ€toâ€private LBOs that return to public ownership through IPOs enables them to observe changes in profitability, valuation, financial structure, operating structure, and cost... Visit MoneyScience for the Complete Article.    |
| Published / Preprint: The Case for Secondary Buyouts as Exit Channel Posted: 25 Dec 2012 08:49 AM PST Do private equity firms have a clear pecking order when deciding on exit channels for their portfolio companies? Are secondary buyoutsâ€"that is, sales to other PE firmsâ€"always an exit of last resort? And are there company†or marketâ€related factors that have a clear and predictable influence on decisions to pursue secondary buyouts?read more... Visit MoneyScience for the Complete Article.    |
| Posted: 25 Dec 2012 08:49 AM PST The author summarizes the findings of his recent study of 62 buyouts of listed Japanese companies by both Japanese and “foreign†private equity funds that were transacted between 2000 and 2007. Roughly half of the author's sample of transactions were accomplished by means of takeover bids by PE funds, and such deals were transacted at prices that represented a premium (of roughly 12%) to... Visit MoneyScience for the Complete Article.    |
| Published / Preprint: CDS and the Resolution of Financial Distress Posted: 25 Dec 2012 08:49 AM PST The dramatic growth of Credit Default Swaps (CDS)â€"contracts that allow creditors to hedge their default exposure or take leveraged credit positionsâ€"threatens to complicate the resolution of financial distress in ways that existing reorganization methods and institutions have yet to adapt to. CDS contracts undermine a major premise that underlies current reorganization methodsâ€"namely, that... Visit MoneyScience for the Complete Article.    |
| Posted: 25 Dec 2012 06:44 AM PST moneyscience: MoneyScience Daily is out! http://t.co/aGkJAVQE â–¸ Top stories today via @hedgefundfocus @mjpanzner @Kiffmeister Visit MoneyScience for the Complete Article.    |
| The Team at MoneyScience wishes you a very Merry Christmas! http://t.co/kvoK0QUz Posted: 25 Dec 2012 05:06 AM PST BusinessSchools: The Team at MoneyScience wishes you a very Merry Christmas! http://t.co/kvoK0QUz Visit MoneyScience for the Complete Article.    |
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