Similar Search Results

Liquidity and Expected Returns: Lessons from Emerging Markets

Bekaert, Geert; Harvey, Campbell; Lundblad, Christian T - C.E.P.R. Discussion Papers - 2006

Given the cross-sectional and temporal variation in their liquidity, emerging equity markets provide an ideal setting to examine the impact of liquidity on expected returns. Our main liquidity measure is a transformation of the proportion of zero daily firm returns, averaged over the month. We...

Persistent link: https://www.econbiz.de/10005792280

Short- and Long-term Hedging for the Corporation

Dumas, Bernard J - C.E.P.R. Discussion Papers - 1994

of a particular future cash flow involves a forward contract equal but opposite in sign to the exposure of the cash flow …

Persistent link: https://www.econbiz.de/10005136503

In Search of New Foundations

Zingales, Luigi - C.E.P.R. Discussion Papers - 2000

In this paper I argue that corporate finance theory, empirical research, practical applications, and policy … change the way we do corporate finance, both theoretically and empirically. …

Persistent link: https://www.econbiz.de/10005792089

The Corporate Governance Role of the Media

Dyck, Alexander; Zingales, Luigi - C.E.P.R. Discussion Papers - 2002

In this Paper we discuss the role of the media in pressuring corporate managers and directors to behave in ways that … anecdotal and systematic evidence that media affect companies’ policy toward the environment and the amount of corporate … focus of the corporate governance debate and for the feasibility of reforms aimed at improving corporate governance around …

Persistent link: https://www.econbiz.de/10005497765

The 90 % public debt threshold : the rise and fall of a stylished fact

Égert, Balázs - 2013

This paper puts the original Reinhart-Rogoff dataset, made public by Herndon et al. (2013), to a formal econometric test to pin down debt thresholds endogenously. We show that the nonlinear relation from debt to growth is not very robust. Taken with a pinch of salt, our results suggest, however,...

Persistent link: https://www.econbiz.de/10009767743

Challenges to sustain Poland's growth model

Égert, Balázs; Kierzenkowski, Rafał - 2013

Notwithstanding a very strong economic performance over the past decade or so, Poland’s per capita income is substantially lower in comparison with the United States and per capita income growth will be sharply slowing down over the coming decades under the scenario of gradual policy changes...

Persistent link: https://www.econbiz.de/10009767744

Public debt, economic growth and nonlinear effects : myth or reality?

Égert, Balázs - 2012

The economics profession seems to increasingly endorse the existence of a strongly negative nonlinear effect of public debt on economic growth. Reinhart and Rogoff (2010) were the first to point out that a public debt-to-GDP ratio higher than 90% of GDP is associated with considerably lower...

Persistent link: https://www.econbiz.de/10009690882

How does finance influence labour market outcomes? : a review of empirical studies

Heil, Mark T. - 2018

contribute to short-termism among corporate managers, which can divert funds away from firm capital accumulation toward financial …

Persistent link: https://www.econbiz.de/10011914294

How do policies influence GDP tail risks?

Caldera Sánchez, Aida; Röhn, Oliver - 2016

This paper explores the relationship between policy settings and extreme positive and negative growth events, what we call GDP tail risks, using quantile regression methods. Conditioning on several country characteristics such as the size, stage of development and openness to trade as well as...

Persistent link: https://www.econbiz.de/10011578170

Can reforms promoting growth increase financial fragility? : an empirical assessment

Caldera Sánchez, Aida; Gori, Filippo - 2016

-competitive product market regulations and lower corporate taxes are associated with higher growth, they do not seem to influence …

Persistent link: https://www.econbiz.de/10011578174

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