Showing 1 - 10 of 19
Using a large firm level panel data set from four Asian countries, this paper compares the returns to various internal and external funds. A novel feature of our analysis is that we distinguish between financially constrained and unconstrained firms and determine selectivity-corrected estimates...
Persistent link: https://www.econbiz.de/10005076952
The efficiency of speculative markets, as represented by Fama's 1970 fair game model, is tested on weekly price index … efficiency of nervous systems. In particular, the stationarity and independence of the price innovations are tested over ten … stock market efficiency is: Singapore, Thailand, Indonesia, Malaysia, Hong Kong and Taiwan. Singapore's stock market pricing …
Persistent link: https://www.econbiz.de/10005076962
, subsidies and efficiency the of animal farming. To this end we first have to identify the production frontier and relative … efficiency level for each animal oriented type of farm in the sample. The production frontier and efficiency index for each type … between relative efficiency, farm size and environmentally friendly behavior realizing a non parametric regression of …
Persistent link: https://www.econbiz.de/10005124877
performance of 18 Islamic banks over the period 1997-2000. Unlike previous studies, this paper is based on efficiency measurement … slight inefficiencies during the global crisis 1998-9. Efficiency differences across the sample data appear to be mainly …
Persistent link: https://www.econbiz.de/10005134802
mechanism for which there exist equilibria and for which (weak) efficiency is achieved as the economy grows in the face of …
Persistent link: https://www.econbiz.de/10005135078
Markov chain Monte Carlo (MCMC) methods have become a ubiquitous tool in Bayesian analysis. This paper implements MCMC methods for Bayesian analysis of stochastic frontier models using the WinBUGS package, a freely available software. General code for cross-sectional and panel data are presented...
Persistent link: https://www.econbiz.de/10005062542
The aim of this paper is to study the efficient capital market hypothesis by using recent developments in nonlinear econometrics. In such a context, we estimate a Smooth Transition Error Correction Model (STECM). We introduce the DowJones as an explanatory variable of the dynamics of the other...
Persistent link: https://www.econbiz.de/10005062563
generalization of a stochastic frontier model which is appropriate for such technologies. We discuss efficiency analysis and, in … particular, define technical and environmental efficiency in the context of our model. Methods for carrying out Bayesian …
Persistent link: https://www.econbiz.de/10005407943
We examine the intertemporal allocation of the solid waste of cities within the United States to spatially distributed landfills and incinerators, taking into account that capacity at existing and potential landfills is scarce. Amendments have been proposed to restrict waste flows between states...
Persistent link: https://www.econbiz.de/10005412478
microeconomic point of view. We introduce two measures of production efficiency (the technical and the allocative efficiency) and …-92), firms’ profits showed the first signs of dependency on efficiency. This fact can be taken as evidence of the creation of a …
Persistent link: https://www.econbiz.de/10005412948