Thursday, March 27, 2014

MoneyScience News

MoneyScience News


Blog Post: TheAlephBlog: Return to Tower Group

Posted: 26 Mar 2014 09:59 PM PDT

A while ago, I wrote a piece on Tower Group after its stock price imploded, before it went down more, and attracted an acquisition offer from entities affiliated with the main owner of AmTrust Financial Services for $3/share.  Here’s another letter, from a different respective reader:read more...

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Published / Preprint: Credit acceptance process strategy case studies - the power of Credit Scoring. (arXiv:1403.6531v1 [q-fin.PM])

Posted: 26 Mar 2014 05:38 PM PDT

The paper is aware of the importance of certain figures that are essential to an understanding of Credit Scoring models in credit acceptance process optimization, namely if the power of discrimination measured by Gini value is increased by 5% then the profit of the process can be increased monthly by about 1 500 kPLN (300 kGBP, 500 kUSD, 350 kEUR). Simple business models of credit loans are also...

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Blog Post: iMFdirect: China: Size Matters

Posted: 26 Mar 2014 01:09 PM PDT

By Steven Barnettread more...

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Published / Preprint: Click or Call? Auction versus Search in the Over-the-Counter Market

Posted: 26 Mar 2014 12:06 PM PDT

Over-the-counter (OTC) markets dominate trading in many asset classes. Will electronic trading displace traditional OTC “voice” trading? Can electronic and voice systems coexist? What types of securities and trades are best suited for electronic trading? We study these questions by focusing on an innovation in electronic trading technology that enables investors to simultaneously search many...

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Published / Preprint: Measuring Readability in Financial Disclosures

Posted: 26 Mar 2014 12:06 PM PDT

Defining and measuring readability in the context of financial disclosures becomes important with the increasing use of textual analysis and the SEC's plain English initiative. We propose defining readability as the effective communication of valuation-relevant information. The Fog Indexâ€"the most commonly applied readability measureâ€"is shown to be poorly specified in financial applications....

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Published / Preprint: Skin in the Game and Moral Hazard

Posted: 26 Mar 2014 12:06 PM PDT

What determines securitization levels, and should they be regulated? To address these questions we develop a model where originators can exert unobservable effort to increase expected asset quality, subsequently having private information regarding quality when selling ABS to rational investors. Absent regulation, originators may signal positive information via junior retentions or commonly adopt...

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Vendor News: Infosys is Among an Elite Group of Leaders Providing Oracle Application Services â Independent Research Firm

Posted: 26 Mar 2014 04:39 AM PDT

Infosys has been ranked as a leader in The Forrester Waveâ„¢: Oracle Application Services Providers, Q1 2014 report. The report recognizes Infosys, among other vendors, for significant global work on major transformation initiatives.

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