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1 - 4 van 4 voor hedge fund managers
doc211.pdf
... intermediaries as banks, although the former also includes hedge funds, private equity, money market mutual funds, commercial banks, ... per scenario. the ability of financial intermediaries to fund themselves by issuing securities determines the length of ... information, which cannot be transmitted. centralised decision-making blunts managers' research incentives because they face the risk that ...
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memo221.pdf
... source own calculations on the basis of the international monetary fund, world economic outlook database, october 2008. the abundant supply ... cash flows generated by these packages to investors like pension funds, hedge funds and other banks. securitisation makes it possible to ... risks that stem from this. regulating the bonuses of bank managers, by requiring a strong long-term component for example, ...
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Microsoft Word - cpbdoc210.doc
... value. on 31 july 2007, two bear stearns hedge funds filed for bankruptcy, and bear stearns blocked investors from withdrawing from a third fund. on 7 august 2007, bnp paribas halted withdrawal ... ; brunnermeier, 2009; greenlaw et al. 2008; tirole, 2008) 29 further sell-offs by traders or fund managers of other financial institutions who try to pre-empt their competitors by selling their assets ...
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dp204.indd
... traders could be explained by similarly high-powered incentives for bank managers, resulting for instance from excessive leverage. if this were the ... fellow can go next door or he can set up a hedge fund or whatever it may be. you don't, you don't ... and meckling (1976). when corporations issue debt to outsiders, the insiders (managers, entrepreneurs) have strong incentives to exert effort. but as debt ...
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