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Boyarchenko, Svetlana; Levendorskiy, Sergey - EconWPA - 2004

the standard problems in the real options theory is given in the binomial and trinomial models, and more generally, when …

Persistent link: https://www.econbiz.de/10005134695

Employment Effects of Different Innovation Activities: Microeconometric Evidence

Peters, Bettina - EconWPA - 2005

Using a recently developed model which allows to separate a few well- established employment effects of product and … process innovations, this paper reports new results on the relationship between innovation and employment growth in Germany …. The model is tailor-made for analysing firm-level employment effects of innovations using specific information provided by …

Persistent link: https://www.econbiz.de/10005118792

Is Variation in Hours of Work Driven by Supply or Demand? Evidence from Finnish Manufacturing Industries

Böckerman, Petri; Jäntti, Markus - EconWPA - 2005

This paper uses panel data from 1989 to 1995 on blue-collar workers in Finnish manufacturing industries and their establishments to assess the extent to which hours of work are affected by individual or establishment characteristics - observed as well as unobserved. We argue that recent research...

Persistent link: https://www.econbiz.de/10005125720

Linear and nonlinear models for the analysis of the relationship between stock market prices and macroeconomic and financial factors

Dionisio, Andreia; Menezes, Rui; Mendes, Diana A.; … - EconWPA - 2004

The main objective of this paper is to assess how mutual information as a measure of global dependence between stock markets and macroeconomic factors can overcome some of the weaknesses of the traditional linear approaches commonly used in this context. One of the advantages of mutual...

Persistent link: https://www.econbiz.de/10005119091

Irreversible investment under interest rate variability: new results

Alvarez, Luis H.R.; Koskela, Erkki - EconWPA - 2004

The current literature on irreversible investment decisions usually makes the assumption of a constant interest rate. We study the impact of interest rate and revenue variability on the decision to carry out an irreversible investment project. Given the generality of the valuation problem...

Persistent link: https://www.econbiz.de/10005407823

Practical guide to real options in discrete time II

Boyarchenko, Svetlana; Levendorskii, Sergei - EconWPA - 2005

This paper is an extended version of the paper 'Practical Guide to Real Options in Discrete Time' (http://econwpa.wustl.edu:80/eps/fin/papers/0405/0405016.pdf), where a general, computationally simple approach to real options in discrete time was suggested. We explicitly formulate conditions of...

Persistent link: https://www.econbiz.de/10005413111

Basel II's New Standardized Approach: Possible Effects of Implementation

Wyatt, Katherine - EconWPA - 2003

Basel II’s New Standardized Approach: Possible Effects of Implementation Katherine Wyatt New York State Banking Department Abstract The New York State Banking Department surveyed 33 institutions in 2001 and 2002 for a study of the possible effects of the Standardized Approach of the proposed...

Persistent link: https://www.econbiz.de/10005413198

Depreciation Rates in a Transition Economy: Evidence from Czech Panel Data

Lizal, Lubomir - EconWPA - 2001

This paper examines industrial differences in depreciation rates and the suitability of financial data for a microeconomic analysis. Depreciation is a main source of enterprise investment and serves as a source for replacement of obsolete or used-up capital. The findings on capital structure in...

Persistent link: https://www.econbiz.de/10005413248

Aggregate investment dynamics when firms face fixed investment cost and capital market imperfections

Bayer, Christian - EconWPA - 2004

This paper analyzes a model of investment with fixed investment costs and capital market imperfections. In this model finance influences the level of capital firms hold, as well as the frequency at which they invest. In consequence investment reacts nonlinearly with respect to shocks to...

Persistent link: https://www.econbiz.de/10005076705

Royalty rates, sub licensing considerations and joint ventures.

Malki, Elli - EconWPA - 1997

Technology transfer agreements between universities and industrial companies usually involve royalties, sublicensing considerations and allocation of equity. This article extends the analysis of my previous one ("The Economic Sense of Royalty Rates", ewp-fin/970903)to deal with sublicensing...

Persistent link: https://www.econbiz.de/10005076945