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The effect of banking relationships on the future of financially distressed firms

Rosenfeld, Claire M. - In: Journal of Corporate Finance 25 (2014) C, pp. 403-418

In this study I empirically examine U.S. publicly traded firms to determine the impact of banking relationships on the future of financially distressed firms. Results demonstrate that obtaining a relationship-backed loan in the six months prior to distress identification significantly increases...

Persistent link: https://www.econbiz.de/10011052912

Empirical Capital Structure: A Review

Parsons, Christopher; Titman, Sheridan - In: Foundations and Trends(R) in Finance 3 (2009) 1, pp. 1-93

This survey provides a synthesis of the empirical capital structure literature. Our synthesis is divided into three parts. The first part examines the evidence that relates to the cross-sectional determinants of capital structure. This literature identifies and discusses the characteristics of...

Persistent link: https://www.econbiz.de/10010990819

International financial contagion of the US sub-prime crisis: evidence through the adjusted correlation test and non-linear Error Correction Models (ECM)

Omri, Anis; Ghorbel-Zouari, Sonia - In: International Journal of Monetary Economics and Finance 4 (2011) 2, pp. 135-149

In this essay, we test the presence of the contagion phenomenon during the US sub-prime crisis. We adopt the test of adjusted correlation coefficients between markets and propose a new procedure which involves testing the non-linearity of the propagation mechanisms shocks, estimated with a model...

Persistent link: https://www.econbiz.de/10009352484

Unconventional monetary policy in practice: a comparison of 'Quantitative Easing' in Japan and the USA

Reith, Matthias - In: International Journal of Monetary Economics and Finance 4 (2011) 2, pp. 111-134

Quantitative Easing (QE) has been widely used by major central banks in the recent economic and financial crisis that started in 2007. However, the Bank of Japan (BoJ) already applied QE between 2001 and 2006. This paper tries to examine the differences between BoJ-type QE and QE applied by the...

Persistent link: https://www.econbiz.de/10009352501

Regime switching, asymmetric correlation and international portfolio choices

Abid, Fathi; Bahloul, Slah - In: International Journal of Monetary Economics and Finance 4 (2011) 2, pp. 172-194

The aim of this paper is to investigate the behaviour of international equity returns and correlations using the discrete-time Markov-switching model and the impact of this behaviour on international portfolio choices. We take the perspective of a US-based global investor who considers...

Persistent link: https://www.econbiz.de/10009352502

The sovereign debt crisis - a transdisciplinary approach

Pilkington, Marc - In: International Journal of Pluralism and Economics Education 2 (2011) 4, pp. 369-397

debt. Disciplinary fields as varied as logic, accounting, finance, psychology, geopolitics, economics, statistics, ethics …

Persistent link: https://www.econbiz.de/10010669854

Global pharmaceutical pricing strategies: profit implications of price discounting

Longo, Christopher J. - In: International Journal of Economics and Business Research 2 (2010) 6, pp. 447-460

Global pharmaceutical pricing strategies have been debated in published literature; however, these debates have not accounted for the differences in elasticity of demand between the public, private and cash paying markets. A mathematical model is presented that explores several plausible...

Persistent link: https://www.econbiz.de/10008755174

Multinationals' income shifting decisions, taxes and intra-company transfers: empirically testing market valuation

Olibe, Kingsley O.; Strawser, Robert H.; Strawser, … - In: International Journal of Accounting and Finance 2 (2010) 1, pp. 84-112

This paper tests whether intra-company transfers, viewed as distinct from ordinary sales transactions by policy makers and tax regulators, are associated with share price. When a multinational firm (MNC) transfers its intermediate goods between the parent company and its foreign subsidiary, its...

Persistent link: https://www.econbiz.de/10008755354

Where to? – The EU unemployment post crisis

Mihai-Yiannaki, Simona - In: Global Business and Economics Review 13 (2011) 3/4, pp. 240-256

perspectives: the new classical macroeconomics theory related to unemployment, a finance approach of the relationship with exchange …

Persistent link: https://www.econbiz.de/10010691692

Behavioralizing Finance

Shefrin, Hersh - In: Foundations and Trends(R) in Finance 4 (2010) 1–2, pp. 1-184

Finance is in the midst of a paradigm shift, from a neoclassical based framework to a psychologically based framework …. Behavioral finance is the application of psychology to financial decision making and financial markets. Behavioralizing finance … in behavioral finance, and identifies both its strengths and weaknesses. In doing so, it identifies possible directions …

Persistent link: https://www.econbiz.de/10010693712