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Cultural, Political, and Economic Antecedents of Country Risk in Sixty-Two Countries

Banai, Moshe - In: Journal of Financial Transformation 34 (2012), pp. 89-98

This study presents and empirically tests a model of the relationships between cultural, political, and economic measures and business practices in sixty two countries. GLOBE study’s nine dimensions of culture’s scores are regressed along scores on democracy, religiousness, GDP, corruption,...

Persistent link: https://www.econbiz.de/10010840620

Economic and monetary union: the problematic nature of its economic policies

Arestis, Philip; Sawyer, Malcolm - In: Journal of Financial Transformation 19 (2007), pp. 106-111

none available

Persistent link: https://www.econbiz.de/10004985636

The role of the euro on the corporate bond markets in the Euro Area

de Bondt, Gabe - In: Journal of Financial Transformation 19 (2007), pp. 14-19

The euro has played an important catalysing role for the deepening and broadening of the corporate bond markets in the … euro area. The most remarkable market growth has been recorded for bonds issued by euro area non-bank financials …, reflecting increasing securitisations. The euro has had a direct impact on it according to empirical estimates. The euro also has …

Persistent link: https://www.econbiz.de/10004985644

Behavioral Finance and Technical Analysis

Dehnad, Kosrow - In: Journal of Financial Transformation 32 (2011), pp. 107-111

Abstract Behavioural finance has challenged many claims of efficient market hypothesis (EMH). Unfortunately many of these challenges are in the form of anecdotal evidence and lack quantification. This article uses market data together with some simple statistics to show that in practice certain...

Persistent link: https://www.econbiz.de/10009319869

Economists’ Hubris – The Case of Award Winning Finance Literature

Shojai, Shahin; Feiger, George - In: Journal of Financial Transformation 31 (2011), pp. 9-17

In this fifth article in the Economists’ Hubris series, we investigate the practical applications of eight papers that won best-article awards in 2008 and 2009 from the Journal of Finance or the Journal of Financial Economics, the two leading journals in finance. We find that these articles...

Persistent link: https://www.econbiz.de/10009642936

Economists’ hubris — the case of equity asset management

Shojai, Shahin; Feiger, George; Kumar, Rajesh - In: Journal of Financial Transformation 29 (2010), pp. 9-16

In this, the fourth article in the economists’ hubris paper series, we look at the contributions of academic thought to the field of asset management. We find that while the theoretical aspects of the modern portfolio theory are valuable, they offer little insight into how the asset management...

Persistent link: https://www.econbiz.de/10008498526

Toward a bottom-up approach to assessing sovereign default risk: an update

Altman, Edward; Rijken, Herbert - In: Journal of Financial Transformation 34 (2012), pp. 19-29

default risk in the euro country sphere. We conclude that our corporate health index of the private sector measured at periods …

Persistent link: https://www.econbiz.de/10010991636

Preventing the Next Great Meltdown

Levine, David - In: Journal of Financial Transformation 30 (2010), pp. 95-104

The regulatory framework established during the Great Depression was dismantled in stages after 1969. The deregulation of deposits at banks and savings institutions created incentives to widen the scope of investments that banks and thrifts could make. Novel instruments were created that should...

Persistent link: https://www.econbiz.de/10008751495

Optimal business model for financial institutions under post-crisis regulatory environment

Dehnad, Kosrow; Dehnad, Darius - In: Journal of Financial Transformation 36 (2013), pp. 49-54

Dodd-Frank Wall Street Reform regulations and other postcrisis regulations and guidelines have put enormous pressure on financial institutions to optimize the use of their scarce capital and to improve their return on equity (ROE) which has been significantly compressed compared to historical...

Persistent link: https://www.econbiz.de/10010840605

A systems accident approach to systemic financial risk

Calandro Jr., Joseph - In: Journal of Financial Transformation 35 (2012), pp. 39-48

This paper proposes a definition and assessment methodology for systemic financial risk that was inspired by systems accident research. Sociologist Charles Perrow found that industrial, aviation and marine systems are prone to failure if those systems are interactively complex and tightly...

Persistent link: https://www.econbiz.de/10010840609