User profiles for Zvika Afik
Zvika AfikBen-Gurion University of the Negev Verified email at som.bgu.ac.il Cited by 235 |
Using Merton model for default prediction: An empirical assessment of selected alternatives
It is surprising that although four decades passed since the publication of Merton (1974)
model, and despite the development and publications of various extensions and alternative …
model, and despite the development and publications of various extensions and alternative …
The (un) informative value of credit rating announcements in small markets
This work examines the information value of local Israeli credit rating announcements. This
matter is also important to other small markets, in which a debt issuer may take advantage of …
matter is also important to other small markets, in which a debt issuer may take advantage of …
Information effect of credit rating announcements in transition economies
Z Afik, Y Zabolotnyuk - … of International Financial Markets, Institutions and …, 2023 - Elsevier
This paper analyzes the credit rating markets in transition economies of Central and Eastern
Europe and the former USSR, an important economic area and countries that are quickly …
Europe and the former USSR, an important economic area and countries that are quickly …
Getting high on cannabis stock returns an event study
We report the Israeli firms’ market value reaction to announcements on initiating Cannabis-related
activity. Using Event Study analysis, we find a significant positive effect of the …
activity. Using Event Study analysis, we find a significant positive effect of the …
Advance notice labor conflicts and firm value—An event study analysis on Israeli companies
The Israeli law has a special requirement—unions must announce a labor-conflict at least
15 days before a potential strike. This raises the question whether (and how) an advance …
15 days before a potential strike. This raises the question whether (and how) an advance …
Using Merton model: an empirical assessment of alternatives
Merton (1974) suggested a structural model for default prediction which allows using timely
information from the equity market. The literature describes several specifications to the …
information from the equity market. The literature describes several specifications to the …
Risk transfer valuation in advance pricing agreements between multinational enterprises and tax authorities
Advance pricing agreements (APAs) are long-term contracts between multinational taxpayers
and tax authority(ies), according to which the taxpayer consents to use the agreed upon …
and tax authority(ies), according to which the taxpayer consents to use the agreed upon …
Winners and losers in investment competition–Experimental study
We report the results of lab experiments on investment competition, where all subjects receive
their accumulated earnings and the subject with the highest returns earns an additional …
their accumulated earnings and the subject with the highest returns earns an additional …
The inverse of a terror event? Stock market response to pro-active action
Purpose – This paper aims to study and document the effect of counter-terrorism on stock
returns. The authors select a sample of pro-active defense operations, performed by the Israeli …
returns. The authors select a sample of pro-active defense operations, performed by the Israeli …
New development: Does investment in social impact bonds affect equity prices? An event study
In social impact bonds (SIB), investors, service providers and governments collaborate to
alleviate a social problem. Despite growing interest in SIBs, researchers have overlooked how …
alleviate a social problem. Despite growing interest in SIBs, researchers have overlooked how …