Browse ORBilu by Open Access
- What it is and what it isn't
- Green Road / Gold Road?
- Ready to Publish. Now What?
- How can I support the OA movement?
- Where can I learn more?
ORBilu is a project developed by
Showing results 1 to 20 of 23
 Finanzierungskonditionen für KMU verschlechtern sichWolff, Christian  ; Pisa, Magdalena Article for general public (2016) Detailed reference viewed: 65 (3 UL)Best Paper Prize, International Symposium on Business and Management, April 6-8, 2016Wolff, Christian ; Pisa, Magdalena Diverse speeches and writings (2016) Detailed reference viewed: 57 (2 UL) Ripples of riskWolff, Christian ; Pisa, Magdalena Article for general public (2016) Detailed reference viewed: 59 (5 UL) Credit risk characteristics of US small business portfoliosWolff, Christian ; Pisa, Magdalena Scientific Conference (2016) Detailed reference viewed: 118 (1 UL)Credit in the Economy: Small Business Default Correlation and Firms' Co-movementsPisa, Magdalena Doctoral thesis (2015) Small businesses play crucial part in every developed economy. They employ about 50% of the workforce and are the engine of innovation. For this reason policy makers and regulators support financing small ... [more ▼] Small businesses play crucial part in every developed economy. They employ about 50% of the workforce and are the engine of innovation. For this reason policy makers and regulators support financing small businesses’ operations to allow them to grow and show its potential. Through a series of studies about small business credit risk, we show that small business credit risk is predominantly related to firm characteristics rather than to economy or industry wide conditions. We find evidence that a distress in a customer industry is linked to higher credit risk among the small business suppliers and that a trade credit is an important channel transmitting distress from one firm to another. [less ▲] Detailed reference viewed: 139 (20 UL)Trade Credit and firm ComovementsPisa, Magdalena ; ; E-print/Working paper (2015) This paper provides evidence that production linkages, as well as credit chains (represented by trade credit), are important for the transmission of idiosyncratic (firm-level) shocks across firms in the ... [more ▼] This paper provides evidence that production linkages, as well as credit chains (represented by trade credit), are important for the transmission of idiosyncratic (firm-level) shocks across firms in the economy. We build on the idea that trade credit develops along production linkages, and amplifies the idiosyncratic shock as firms may lack inputs and also liquidity. Using disaggregated firm-level data we show that the disturbance of customer's sales increases with greater trade credit linkage. We show that during a recession the existence of trade credit linkage propagates shocks upstream, from a supplier onto its upstream customer. In these periods, firms are short of liquidity and are unable to withstand a drop in trade credit provision. In good times, however, trade credit plays a stabilizing role, reducing the volatility of firms' sales. In these periods, firms with sufficient liquidity are able to transfer some of it to liquidity-starved production partners in order to guarantee their own stable production. [less ▲] Detailed reference viewed: 63 (2 UL) Discussion: Disclosure Practices and Option Implied Probability of Default by Ilknur ZerPisa, Magdalena Presentation (2014) Detailed reference viewed: 62 (2 UL)Ripple Effects from Industry Defaults; Pisa, Magdalena ; Wolff, Christian E-print/Working paper (2014) Detailed reference viewed: 92 (3 UL)Discussion: Capital Regulation with Heterogeneous Banks by Andreas Barth and Christian SeckingerPisa, Magdalena Presentation (2014) Detailed reference viewed: 447 (6 UL)Modeling default correlation in a US retail loan portfolioPisa, Magdalena Presentation (2013) Detailed reference viewed: 47 (8 UL)Modeling default correlation in a US retail loan portfolioPisa, Magdalena Poster (2013) Detailed reference viewed: 46 (6 UL)Discussion: Are Ratings the Worst Form of Credit Assessment Apart from All the Others? by Andreas Blöchlinger, Markus Leippold and Basile MairePisa, Magdalena Presentation (2013) Detailed reference viewed: 342 (8 UL)Discussion: Covenant Violations and Dynamic Loan ContractingPisa, Magdalena Diverse speeches and writings (2013) Detailed reference viewed: 84 (9 UL)Ripple effects from industry defaultsPisa, Magdalena Poster (2013) Detailed reference viewed: 73 (14 UL)Modeling default correlation in a US retail loan portfolioPisa, Magdalena Presentation (2013) Detailed reference viewed: 52 (10 UL)Modeling default correlation in a US retail loan portfolioPisa, Magdalena Presentation (2013) Detailed reference viewed: 39 (7 UL)Modeling default correlation in a US retail loan portfolioPisa, Magdalena Presentation (2012) Detailed reference viewed: 47 (10 UL)Modeling default correlation in a US retail loan portfolioPisa, Magdalena ; Wolff, Christian ; E-print/Working paper (2012) Detailed reference viewed: 95 (1 UL)Discussion: Early warning systems for currency crises: A multivariate extreme value approachPisa, Magdalena Diverse speeches and writings (2012) Detailed reference viewed: 74 (7 UL)Modeling default correlation in a US retail loan portfolioPisa, Magdalena Presentation (2012) Detailed reference viewed: 38 (10 UL)
1
2
|
||
