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1. |
Record Nr. |
UNINA9910145303103321 |
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Autore |
Culp Christopher L. |
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Titolo |
Structured finance and insurance : the ART of managing capital and risk / / Christopher L. Culp |
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Pubbl/distr/stampa |
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Hoboken, New Jersey : , : Wiley, , 2006 |
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©2006 |
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ISBN |
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1-119-20124-1 |
1-118-16099-1 |
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Descrizione fisica |
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1 online resource (1456 p.) |
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Collana |
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Disciplina |
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Soggetti |
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Asset-backed financing |
Securities |
Risk management |
Risk (Insurance) |
Electronic books. |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Description based upon print version of record. |
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Nota di bibliografia |
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Includes bibliographical references and index. |
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Nota di contenuto |
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Cover; Contents; Title; Copyright; Foreword: Wherefore ART Thou? The Importance of Principle-Based Structured Finance; Preface; Part One: Integrated Risk and Capital Management; Chapter 1: Real and Financial Capital; Real Capital and The Value of The Firm; Financial Capital and The Value of The Firm; Financial Capital Through an Options Lens; Economic Balance Sheet of The Firm; Chapter 2: Risk and Risk Management; Financial Versus Nonfinancial Risks; Core Versus Noncore Risks; Risk Management Alternatives; Chapter 3: Leverage; Benefits of Leverage To The Value of The Firm; Costs of Leverage |
Optimal Capital Structure?Chapter 4: Adverse Selection and Corporate Financing Decisions; Adverse Selection and Markets For Lemons; Adverse Selection in Securities Markets; Implications of Adverse Selection in Securities Markets; Chapter 5: Capital Budgeting, Project Selection, and Performance Evaluation; Accounting Metrics For Project Selection and Performance Measurement; Discounted Cash Flow Methods With No Risk Adjustment; Net Present Value Rule; Shareholder |
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Value Added; Economic Value Added and Residual Income; Cash Flow Return On Investment; Chapter 6: Risk Transfer |
Risk Transfer and Equity CapitalRisk Transfer and The Value of The Firm; Risk Transfer Versus Risk Capital; Chapter 7: Risk Finance; Cash Flow Distinctions Between Pre- and Postloss Funding; Irrelevance of Risk Finance Under M&M; Motivations For Funding A Retention; Part Two: Traditional Risk Transfer; Chapter 8: Insurance; Insurance Products As Contracts; Insurance Pricing; Moral Hazard and Insurance Contract Design; Adverse Selection and Insurance Contract Design; Insurance Companies; Reserve and Asset-Liability Management at Insurance Companies; Chapter 9: Reinsurance; The Basics |
Risks of Writing Primary InsuranceMotivations For Purchasing Reinsurance; Facultative Versus Treaty Reinsurance; Proportional Reinsurance Treaties; Excess of Loss Reinsurance; Horizontal Layering and Blended Cover; Syndication; Chapter 10: Credit Insurance and Financial Guaranties; Credit Insurance Products; Letters Of credit; Who Bears The Cost of Acquiring Credit Protection?; Distinctions Between Different Credit Protection Products; When is A Guaranty Not A Guaranty?; Chapter 11: Derivatives; What Are Derivatives?; Forward and Forwardlike Contracts; Options |
Chapter 12: Credit Derivatives and Credit-Linked NotesScope of Credit Derivatives Activity; Single-Name Credit Default Swaps; Portfolio Credit Default Swaps; Asset Default Swaps; Equity Default Swaps; Total Return Swaps; Credit-Linked Notes (Recourse); Part Three: Structured Finance; Chapter 13: The Structuring Process; Types of Structured Financial Solutions; Structuring Process; Tranching and Subordination; Chapter 14: Hybrids, Convertibles, and Structured Notes; Hybrids and Convertibles; Structured Notes; Chapter 15: Contingent Capital; Contingent Capital Facilities As Options |
(Re)Insurance Applications of Contingent Capital |
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Sommario/riassunto |
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Praise for Structured Finance & Insurance""More and more each year, the modern corporation must decide what risks to keep and what risks to shed to remain competitive and to maximize its value for the capital employed. Culp explains the theory and practice of risk transfer through either balance sheet mechanism such as structured finance, derivative transactions, or insurance. Equity is expensive and risk transfer is expensive. As understanding grows, and, as a result, costs continue to fall, ART will continue to replace equity as the means to cushion knowable risks. This book enhances |
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2. |
Record Nr. |
UNINA9910785049103321 |
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Autore |
Smith Mark A (Mark Alan), <1970-> |
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Titolo |
American business and political power [[electronic resource] ] : public opinion, elections, and democracy / / Mark A. Smith |
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Pubbl/distr/stampa |
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Chicago, : University of Chicago Press, c2000 |
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ISBN |
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1-282-67931-7 |
9786612679315 |
0-226-76465-6 |
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Descrizione fisica |
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1 online resource (259 p.) |
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Collana |
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Studies in communication, media, and public opinion |
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Disciplina |
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Soggetti |
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Business and politics - United States |
Public opinion - United States |
Power (Social sciences) - United States |
Pressure groups - United States |
Lobbying - United States |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Description based upon print version of record. |
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Nota di bibliografia |
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Includes bibliographical references (p. 223-235) and index. |
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Nota di contenuto |
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Introduction -- Business unity and its consequences for representative democracy -- Identifying business unity -- A portrait of unifying issues -- Public opinion, elections, and lawmaking -- Overt sources of business power -- Structural sources of business power -- The role of business in shaping public opinion -- The compatibility of business unity and popular sovereignty. |
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Sommario/riassunto |
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Most people believe that large corporations wield enormous political power when they lobby for policies as a cohesive bloc. With this controversial book, Mark A. Smith sets conventional wisdom on its head. In a systematic analysis of postwar lawmaking, Smith reveals that business loses in legislative battles unless it has public backing. This surprising conclusion holds because the types of issues that lead businesses to band together-such as tax rates, air pollution, and product liability-also receive the most media attention. The ensuing debates give citizens the information they need to hold their representatives accountable and make elections a choice between contrasting policy programs. Rather than succumbing to corporate |
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America, Smith argues, representatives paradoxically become more responsive to their constituents when facing a united corporate front. Corporations gain the most influence over legislation when they work with organizations such as think tanks to shape Americans' beliefs about what government should and should not do. |
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