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Sectoral R&D intensity and exchange rate volatility : a panel study on economies of the OECD

Mahagaonkar, Prashanth; Schweickert, Rainer; Chavali, … - 2009

A recent literature has pointed at potential negative effects of exchange rate volatility on innovation. In this paper … years 1987 - 2003. We find that the direct negative effect of volatility is pronounced in manufacturing sector but is … openness on a sectoral level. -- R&D intensity ; Innovation ; Real Exchange Rate ; Volatility ; Exports ; OECD-Countries …

Persistent link: https://www.econbiz.de/10003887126

Volatility, financial constraints, and trade

Garcia-Vega, Maria (contributor); … - 2007

Persistent link: https://www.econbiz.de/10003563999

Firms' exports, volatility and skills : evidence from France

Bas, Maria; Bombarda, Pamela; Jean, Sébastien; … - 2019

Inequalities between workers of different skills have been growing in the era of globalization. Firms' internationalization mode has an impact on job stability. Exporting firms are not only exposed to different foreign shocks, they also pay skill-intensive fixed costs to serve foreign markets....

Persistent link: https://www.econbiz.de/10011973974

Aggregate fluctuations and the distribution of firm growth rates

Bottazzi, Giulio; Li, Le; Secchi, Angelo - 2017 - Present version - September 25, 2017

We propose an aggregate growth index that explicitly accounts for non-normality in the micro-economic distribution of firm growth rates and for the presence of a negative scaling relation between their volatility and the size of the firm. Using Compustat data on US publicly traded company, we...

Persistent link: https://www.econbiz.de/10011729428

The Common Factor in Idiosyncratic Volatility : Quantitative Asset Pricing Implications

Herskovic, Bernard - 2015

We show that firms' idiosyncratic volatility obeys a strong factor structure and that shocks to the common factor in idiosyncratic volatility (CIV) are priced. Stocks in the lowest CIV-beta quintile earn average returns 5.4% per year higher than those in the highest quintile. The CIV factor...

Persistent link: https://www.econbiz.de/10013036287

Firm Volatility in Granular Networks

Herskovic, Bernard - 2020

Firm volatilities co-move strongly over time, and their common factor is the dispersion of the economy-wide firm size distribution. In the cross section, smaller firms and firms with a more concentrated customer base display higher volatility. Network effects are essential to explaining the...

Persistent link: https://www.econbiz.de/10012857145

Creativity - a Volatile Key of Success? Creativity in New Drug Development

Sundgren, Mats; Styhre, Alexander - 2015

This paper presents a study of successful and creative projects in the pharmaceutical industry. Creativity is here defined as the ability to bring forth a new product within a specific domain of knowledge, namely in gastrointestinal, cardiovascular and oncological medicine. The paper, being...

Persistent link: https://www.econbiz.de/10014029811

How safe was the "safe haven"? : Financial market liquidity during the 1998 turbulences

Upper, Christian - 2000

bonds in Germany. This feature is particularly attractive for the bond market, where OTC transactions account for most …

Persistent link: https://www.econbiz.de/10001455520

The effectiveness of the FX market interventions of the Bundesbank during the Louvre period : an options-based analysis

Pierdzioch, Christian - 2000

Persistent link: https://www.econbiz.de/10001465153

Exchange rate volatility effects on the German labour market : a survey of recent results and extensions

Buscher, Herbert S.; Müller, Claudia - 1999

In this paper, a survey on theoretically expected and empirically proved impacts of exchange rate volatility is given. With regard to the West German unemployment, the effects of volatility are empirically analysed using three different volatility measures and four country groups. In...

Persistent link: https://www.econbiz.de/10001362959