Thursday, September 18, 2014

MoneyScience News

MoneyScience News


Vendor News: Infosys and Hitachi Data Systems Expand Partnership to Deliver Next-Generation Infrastructure and Data Center Transformation Solutions

Posted: 18 Sep 2014 12:29 AM PDT

Infosys today announced the expansion of its partnership with Hitachi Data Systems (HDS) to bring next-generation infrastructure and data center transformation solutions to enterprises.

Visit MoneyScience for the Complete Article.

Published / Preprint: Improved lower bounds of call options written on defaultable assets

Posted: 17 Sep 2014 11:25 PM PDT



Visit MoneyScience for the Complete Article.

Published / Preprint: Can turnover go to zero?

Posted: 17 Sep 2014 11:25 PM PDT



Visit MoneyScience for the Complete Article.

Blog Post: iMFdirect: Carbon Pricing: Good for You, Good for the Planet

Posted: 17 Sep 2014 08:57 AM PDT

By Ian Parryread more...

Visit MoneyScience for the Complete Article.

Published / Preprint: Urban Vibrancy and Corporate Growth

Posted: 17 Sep 2014 07:17 AM PDT

We find that a firm's investment is highly sensitive to the investments of other firms headquartered nearby, even those in very different industries. A firm's investment also responds to fluctuations in the cash flows and stock prices (q) of local firms outside its sector. These patterns do not appear to reflect exogenous area shocks such as local shocks to labor or real estate values, but rather...

Visit MoneyScience for the Complete Article.

Published / Preprint: Collateralization, Bank Loan Rates, and Monitoring

Posted: 17 Sep 2014 07:17 AM PDT

We show that collateral plays an important role in the design of debt contracts, the provision of credit, and the incentives of lenders to monitor borrowers. Using a unique data set from a large bank containing timely assessments of collateral values, we find that the bank responded to a legal reform that exogenously reduced collateral values by increasing interest rates, tightening credit...

Visit MoneyScience for the Complete Article.

Published / Preprint: Short-Term Debt as Bridge Financing: Evidence from the Commercial Paper Market

Posted: 17 Sep 2014 07:17 AM PDT

We analyze why firms use non-intermediated short-term debt by studying the commercial paper (CP) market. Using a comprehensive database of CP issuers and issuance activity, we show that firms use CP to provide start-up financing for capital investment. Firms̢۪ CP issuance is driven by a desire to minimize transaction costs associated with raising capital for new investment. We show that firms...

Visit MoneyScience for the Complete Article.