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The Determinants of Credit Spread Changes.

by Pierre Collin-Dufresne , Robert S Goldstein , J Spencer Martin , Gurdip Bakshi , Greg Bauer , Dave Brown , Francesca Carrieri , Peter Christoffersen , Susan Christoffersen , Greg Duffee , Darrell Duffie , Vihang Errunza , Gifford Fong , Mike Gallmeyer , Laurent Gauthier , Rick Green , John Griffin , Jean Helwege , Kris Jacobs , Chris Jones , Andrew Karolyi , Dilip Madan , David Mauer , Erwan Morellec , Federico Nardari , N R Prabhala , Tony Sanders , Sergei Sarkissian , Bill Schwert , Ken Singleton , Chester Spatt , René Stulz - Journal of Finance , 2001
"... ABSTRACT Using dealer's quotes and transactions prices on straight industrial bonds, we investigate the determinants of credit spread changes. Variables that should in theory determine credit spread changes have rather limited explanatory power. Further, the residuals from this regression are ..."
Abstract - Cited by 422 (2 self) - Add to MetaCart
from Lehman Brothers via the Fixed Income (or Warga) Database. We use only quotes on non-callable, non-puttable debt of industrial firms; quotes are discarded whenever a bond has less than four years to maturity. Monthly observations are used for the period July 1988 through December 1997. Only

The Inclusion of Non-cash Housing Advantages in the Income Concept. Estimates and Distribution Effects for Belgium.1

by Gerlinde Verbist, Stijn Lefebure , 2007
"... As pointed out by the Canberra Group (2001), the way in which is dealt with the income value of home ownership is crucial for distributional analyses. The focus of the Belgian housing policy has always been on home acquisition rather than the provision of social housing. As a result, a large majorit ..."
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with comparable incomes. Secondly, the impact of mortgage payments can lower a household’s disposable income considerably. Because of the large proportion of home-owners in Belgium, a serious attempt to estimate the economic well-being of households should take the non-cash advantage derived of home

unknown title

by Joachim R. Frick, Markus M. Grabka, On Multidisciplinary , 2007
"... Assessing the distributional impact of “imputed rent ” and “non-cash employee income” in microdata: ..."
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Assessing the distributional impact of “imputed rent ” and “non-cash employee income” in microdata:

unknown title

by Università Politecnica Delle Marche , 2009
"... Distributional effects of non-cash incomes in seven European countries ..."
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Distributional effects of non-cash incomes in seven European countries

Short-run distributional effects of public education transfers to tertiary education students in seven European countries

by Tim Callan, Tim Smeeding, Panos Tsakloglou - Education Economics , 2008
"... Abstract: Empirical studies of inequality and poverty are usually based on disposable cash incomes, disregarding incomes in-kind (non-cash incomes). Since individuals also derive utility from the consumption of goods and services provided in-kind monetary income is not always a good indicator of an ..."
Abstract - Cited by 9 (6 self) - Add to MetaCart
Abstract: Empirical studies of inequality and poverty are usually based on disposable cash incomes, disregarding incomes in-kind (non-cash incomes). Since individuals also derive utility from the consumption of goods and services provided in-kind monetary income is not always a good indicator

10.1177/1091142104264302ARTICLEPUBLIC FINAN E REVIEWEaton, Milkman / MIX OF CASH AND NONCASH GIVING AN EMPIRICAL EXAMINATION OF THE FACTORS THAT INFLUENCE THE MIX OF CASH AND NONCASH GIVING TO CHARITY

by David H. Eaton, Martin I. Milkman
"... Taxpayers are able to deduct from taxable income charitable contributions made in ei-ther cash or noncash forms. This study examines how the different tax prices of cash and noncash charitable gifts affect the mix of cash and noncash charity, using data from a bal-anced panel of taxpayers that allow ..."
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Taxpayers are able to deduct from taxable income charitable contributions made in ei-ther cash or noncash forms. This study examines how the different tax prices of cash and noncash charitable gifts affect the mix of cash and noncash charity, using data from a bal-anced panel of taxpayers

Analysis on Non-Cash Settlement Pattern Applied in Financial Management of Universities

by Jiaqing Lu
"... non-cash settlement has the inimitable advantages of high efficiency, low cost and high speed, compared with cash settlement. The non-cash settlement is the result in this era with rapid development of information society, an important way to improve financial management, and the inevitable trend of ..."
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different types of business involves different objects and business processes, different non-cash settlement patterns need be taken. Generally speaking, non-cash settlement patterns in universities can be achieved from the following aspects: (I) Income Aspect The income aspect of non-cash settlement

1 Social Protection for Children and their Families: A Global Overview

by Sheila B. Kamerman, Shirley Gatenio Gabel
"... This paper will describe the range and scale of social protection policies and programs affecting children and their families and provide illustrations from around the world. The focus will be on cash benefits (income transfers and tax benefits), non-cash family benefits and services, employment-r ..."
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This paper will describe the range and scale of social protection policies and programs affecting children and their families and provide illustrations from around the world. The focus will be on cash benefits (income transfers and tax benefits), non-cash family benefits and services, employment

University. Managing Reported Operating Cash Flow: An Empirical Investigation of Fourth Quarter Working Capital Decreases and Benchmark Beating

by Richard Frankel, Chris Jones, Ross Jennings, Bjorn Jorgensen, Sp Kothari, Krishna Kumar, Joon Lee, Clive Lennox, Maureen Mcnichols, Robin Tarpley , 2005
"... I find non-cash working capital drops significantly in the fourth quarter. This decrease is subsequently reversed in the first quarter of the next fiscal year. This temporary decrease in fourth quarter non-cash working capital remains significant after controlling for seasonal variation in the firm’ ..."
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I find non-cash working capital drops significantly in the fourth quarter. This decrease is subsequently reversed in the first quarter of the next fiscal year. This temporary decrease in fourth quarter non-cash working capital remains significant after controlling for seasonal variation in the firm

Economic links and predictable returns,

by Lauren Cohen , Andrea Frazzini , Effi Barberis , Judy Benmelech , Kent Chevalier , Doug Daniel , Gene Diamond , Will Fama , Ravi Goetzmann , Anil Jagannathan , Josef Kashyap , Owen Lakonishok , Jonathan Lamont , Toby Lewellen , Lubos Moskowitz , Pastor, Lasse Pedersen , Monika Piazzesi , Joseph Piotroski , Doug Skinner , Matt Spiegel , Robert Stambaugh , Amir Sufi , Josh Rauh , Jake Thomas , Tuomo Vuolteenaho , Ivo Welch , Wei Xiong , Wooyun Nam , Vladimir Vladimirov , Jeri Xu - Journal of Finance , 2008
"... ABSTRACT This paper finds evidence of return predictability across economically linked firms. We test the hypothesis that in the presence of investors subject to attention constraints, stock prices do not promptly incorporate news about economically related firms, generating return predictability a ..."
Abstract - Cited by 73 (5 self) - Add to MetaCart
sales and operating income are significantly more correlated than during non-linked years. We then also show that when two given firms are linked, customer shocks today have significant predictability over future supplier real activities, while when they are not linked, there is no predictable
Results 1 - 10 of 207