Purpose: In order to reduce any negative consequences on their performance, it is essential for financial institutions achieve a balance between risk and return. Organizations with effective management practices are more likely succeed in achieving operational business objectives. 2013 saw review of commercial bank laws by the Central Bank Kenya. As result these reviews, certain banks began exp...

The objective of this study was to establish the effects bank specific factors on stock returns listed commercial banks in Kenya, with four objectives; determine effect capital adequacy asset quality earnings ability Kenya and liquidity Kenya. Kenyan banking sector instability within market has been great concern as depicted by continuous fluctuations prices banks. Studies undertaken other mark...

We analyze asset-backed commercial paper conduits which played a central role in the early phase of the financial crisis of 2007-09. We document that commercial banks set up conduits to securitize assets while insuring the newly securitized assets using credit guarantees. The credit guarantees were structured to reduce bank capital requirements, while providing recourse to bank balance sheets f...

W hen interest rates rose sharply in 1994, a number of derivatives-related failures occurred, prominent among them the bankruptcy of Orange County, California, which had invested heavily in structured notes called " inverse floaters. " 1 These events led to vigorous public discussion about the links between derivative securities and financial stability, as well as about the potential role of ne...

I n recent years, risk management has been of growing interest to institutional investors, including pension funds, insurance companies, endowments, and foundations as well as the asset management firms that manage funds on their behalf. Traditionally, institutional investors, and particularly pension funds, have emphasized measuring and rewarding investment performance by their portfolio manag...

This study aimed to identify the determining factors for adopting hedge accounting by Brazilian banks that publish financial statements in IFRS. In order carry out tests, IFRS of 41 were examined from 2015 2020. The results empirical tests revealed adoption is positively related fact have a controlling capital private nature, be publicly traded (listed on B3), and investments abroad form facili...

Experimental economics techniques are used in this paper to examine the benefits and potential adoption of Internet-based electronic auctions for the initial public offerings (IPO) market. The IPO market is dominated by investment banks, which organize the promotion, pricing, and allocation of new securities. The high transaction costs and inefficiency evident in the IPO market make it an appar...

Federal Reserve Bank of Atlanta E C O N O M I C R E V I E W First Quarter 2002 T he federal government created the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) to enhance the availability of mortgage credit by providing stability and liquidity to the secondary mortgage market. These government-sponsored enterprises (GSEs) have b...