.... In addition, a multivariable regression framework was used to estimate the determinants of the abnormal returns. Findings OTC derivatives dealers experience negative returns when their clients announce derivatives losses. In contrast, rival dealers uninvolved in the loss event exhibit positive returns...

... The approach is empirical: two different database of leasing contracts are analysed with econometric methodologies. Findings There is clear evidence that: lessors are ex ante able to balance the probability of default and the loss given default case by case, using proper contract structures...

...Somnath Das Refers to previous research on the accuracy of financial analysts’ earnings forecasts and explores the differences in accuracy for loss making and non‐loss making firms using 1985‐1993 US data. Finds an optimistic bias for both types of firms (smaller for more recent forecasts); which...