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Credit Risk Management: A Survey Of Practices, Ali M. Fatemi, Iraj Fooladi
Credit Risk Management: A Survey Of Practices, Ali M. Fatemi, Iraj Fooladi
Ali M Fatemi
Purpose – Proposes to investigate the current practices of credit risk management by the largest US-based financial institutions. Owing to the increasing variety in the types of counterparties and the ever-expanding variety in the forms of obligations, credit risk management has jumped to the forefront of risk management activities carried out by firms in the financial services industry. This study is designed to shed light on the current practices of these firms. Design/methodology/approach – A short questionnaire, containing seven questions, was mailed to each of the top 100 banking firms headquartered in the USA. Findings – It was found that …
Corporate International Diversification: Evidence From Canada, Ali M. Fatemi, Iraj Fooladi
Corporate International Diversification: Evidence From Canada, Ali M. Fatemi, Iraj Fooladi
Ali M Fatemi
This paper investigates the impact of corporate international diversification on the shareholders of Canadian firms. The results indicate that, within the context of Canada, multinationals outperform their purely domestic counterparts. Specifically, we find that the shareholders of Canadian multinationals earn significantly higher abnormal returns. This holds true despite the finding that these shareholders are also exposed to a higher degree of systematic risk. Further, these results indicate that both the abnormal returns and the degree of systematic risk are increasing functions of the degree of international involvement.