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increasing returns and strategic behavior:the worker/firm ratio

vassilakis, spyros - EconWPA - 2002

Persistent link: https://www.econbiz.de/10005134456

Firm size and export performance: some empirical evidence

Gabbitas, Owen; Gretton, Paul - EconWPA - 2003

This paper uses firm level data collected by the Australian Bureau of Statistics in its Business Longitudinal Survey to help fill the information gap about the characteristics of successful exporters. This study suggests that the main influences on export performance of Australian manufacturing...

Persistent link: https://www.econbiz.de/10005062584

Size and Efficiency in African Manufacturing Firms:Evidence from Firm-Level Panel Data

Söderbom, Måns; Teal, Francis - EconWPA - 2004

Three dimensions of the performance of firms in Ghana’s manufacturing sector are investigated in this paper: their technology and the importance of technical and allocative efficiency. We show that the diversity of factor choices in not due to a non-homothetic technology. Observable skills are...

Persistent link: https://www.econbiz.de/10005118707

Does firm size really affect earnings?

Söderbom, Måns; Teal, Francis; Wambugu, Anthony - EconWPA - 2004

In this paper we investigate the implications of labour and capital market imperfections for the relationship between firm size and earnings. To establish that such a question is of interest we need to show that the firm size-wage effect cannot be explained by either the observed or unobserved...

Persistent link: https://www.econbiz.de/10005118838

Stock Valuation and Investment Strategies

Chen, Zhiwu; Dong, Ming - EconWPA - 2004

This article studies the relative investment performance of several stock-valuation measures. The first is mispricing based on the valuation model developed by Bakshe and Chen (1998)and extended by Dong (1998) (hereafter, the BCD model). The BCD model relates, in closed form, a stock's fair...

Persistent link: https://www.econbiz.de/10005561689

On Stock Market Dynamics through Ultrametricity of Minimum Spanning Tree

Situngkir, Hokky; Surya, Yohanes - EconWPA - 2005

We analyze the evolving price °uctuations by using ultrametric distance of minimally spanning ¯nancial tree of stocks traded in Jakarta Stock Exchange 2000-2004. Ultrametricity is derived from transformation of correlation coe±cients into the distances among stocks. Our analysis evaluates the...

Persistent link: https://www.econbiz.de/10005076735

Introduction to Market Microstructure

EKINCI, Cumhur - EconWPA - 2004

Persistent link: https://www.econbiz.de/10005134945

Chakravorti, Sujit - EconWPA - 2001

The hypothesis put forth is that the U.S. dollar's role as a vehicle currency in global foreign exchange markets is linked to the low cost of payments-related intraday credit. After reviewing the types of intraday credit facilities extended to participants on payment systems settling the major...

Persistent link: https://www.econbiz.de/10005062706

Is Liquidity Reflected in Bond Yields? Evidence from the Euro Corporate Bond Market

Houweling, Patrick; Mentink, Albert; Vorst, Ton - EconWPA - 2002

We test whether liquidity is priced in the euro-denominated corporate bond market. We use the Arbitrage Pricing Theory … to control for other sources of risk. Yields are used to measure the bonds' expected returns and liquidity is … significant pricing anomalies due to liquidity exist for euro- denominated bonds. We find that the yield premium between liquid …

Persistent link: https://www.econbiz.de/10005413035

Time-Varying Arrival Rates of Informed and Uninformed Trades

Easley, David; Engle, Robert F.; O'Hara, Maureen; Wu, Liuren - EconWPA - 2002

the arrival rates of trades and trade composition on market volatility, liquidity and depth. We find that although … composition of the trade. We use the opening bid-ask spread as a measure of market liquidity. We find that as the number of trades …

Persistent link: https://www.econbiz.de/10005413104