Post by arfanho7 on Feb 22, 2024 2:15:16 GMT -8
We focus on a large market of investment products targeted exclusively at households retail structured products in Europe. We hypothesize that banks strategically use product complexity to cater to yield seeking households by making product returns more salient and shrouding risk. We find four empirical results consistent with this view.
First we show that structured products with complex payoff formulas offer higher headline rates and that they more frequently expose investors to a complete loss of their investment. We then document that banks are more inclined to issue high headline rate and more complex products in low rate America Cell Phone Number List environments. rate and more complex products are more profitable for banks and that their ex post performance is lower. Paper Information Full Working Paper Text pdf NOV by Michael Blanding Competition can bring out the best in many people in many jobs but can it make employees more creative The answer lies in the Goldilocks Zone. Research by Daniel P Gross.
Competition can bring out the best in salespeople athletes and participants in hot dog eating contests—but can it make employees more creative A recent working paper by Daniel P. Gross finds that competition can motivate creative types to produce radically novel untested ideas but that too much competition pushes them in the opposite direction. The findings could help organizations generate more innovative ideas sharpen R D and even improve “bake off” competitions between vendors used to award contracts.
First we show that structured products with complex payoff formulas offer higher headline rates and that they more frequently expose investors to a complete loss of their investment. We then document that banks are more inclined to issue high headline rate and more complex products in low rate America Cell Phone Number List environments. rate and more complex products are more profitable for banks and that their ex post performance is lower. Paper Information Full Working Paper Text pdf NOV by Michael Blanding Competition can bring out the best in many people in many jobs but can it make employees more creative The answer lies in the Goldilocks Zone. Research by Daniel P Gross.
Competition can bring out the best in salespeople athletes and participants in hot dog eating contests—but can it make employees more creative A recent working paper by Daniel P. Gross finds that competition can motivate creative types to produce radically novel untested ideas but that too much competition pushes them in the opposite direction. The findings could help organizations generate more innovative ideas sharpen R D and even improve “bake off” competitions between vendors used to award contracts.