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Bouleau, Nicolas - HAL - 2012

The aim of this article is to use probabilistic ideas to study predictive reasoning based on hypotheses and models, but without using Ito calculus, without writing any stochastic differential equations, in fact without writing any formulas at all. The aim is to extract from the study of...

Persistent link: https://www.econbiz.de/10010899270

La industrialización de los recursos naturales en el marco de las nuevas estrategias económicas en América Latina

Antolín, María José Paz; Gutiérrez, David Silva - HAL - 2013

La implementación de "nuevas" estrategias económicas en América Latina se ve fuertemente condicionada por la herencia neoliberal generando una dialéctica caracterizada por elementos de cambio y de continuidad. Partiendo de este supuesto, nuestro trabajo se centra en analizar el impacto de...

Persistent link: https://www.econbiz.de/10010700533

Energy and Capital in a New-Keynesian Framework

Vasconez, Verónica Acurio; Giraud, Gaël; Isaac, Florent Mc - HAL - 2012

The economic implications of oil price shocks have been extensively studied since the oil price shocks of the 1970s …-known stylized facts: 1) the stagflationary impact of an oil price shock, together with 2) two possible reactions of real wages … of an oil-importing economy where oil cannot be stored and where fossil fuels are used in two different ways: One part of …

Persistent link: https://www.econbiz.de/10011025540

El cooperativismo como nueva forma de integración: ALBA-Energía

Soto, Dani José Villalobos; Oliveira, María Fátima … - HAL - 2013

Desestabilización y la dificultad para cumplir con la cuota de suministro de petróleo en los países de América latina y del Caribe han generado en estas economías evidentes y consuetudinarias crisis económicas que difícilmente enfrentan. Sin embargo, estos países están en la búsqueda...

Persistent link: https://www.econbiz.de/10010820568

Buoyant Capital Spending and Worries over Real Appreciation: Cold Facts from Algeria

Kpodar, Kangni; Loko, Boileau; Diallo, Oumar - HAL - 2011

The Government of Algeria has pursed a relatively expansionary fiscal policy in recent years, thanks to rising oil …

Persistent link: https://www.econbiz.de/10008805952

Explaining the Stock Market's Reaction to Macroeconomic Announcements

Belgacem, Aymen - HAL - 2013

This paper aims to study the impact of macroeconomic announcements on stock returns. More specifically, it intends to measure the average response of the French stock market and to provide some theoretical explanations regarding the sources of this reaction. Using intraday data, the study shows...

Persistent link: https://www.econbiz.de/10010929973

The impact of Sovereign Wealth Fund investments on the performance of listed companies

Dinh, Bao Ngoc - HAL - 2011

In this study, we attempt to shed some light on the effects of SWF investment activities by analyzing the short-term impact of SWF investments on the performance of those companies in which they invest. We collect both direct and indirect data on equity investments for each SWF. The sample...

Persistent link: https://www.econbiz.de/10009399192

What drives the market value of firms in the Defense industry ?

Capelle-Blancard, Gunther; Couderc, Nicolas - HAL - 2006

This paper investigates the relative importance of different types of news in driving significant stock price changes of firms in the defense industry. We implement a systematic event study with a sample of the 58 largest publicly listed companies in the defense industry, over the time period...

Persistent link: https://www.econbiz.de/10010750506

How Does the Stock Market Respond to Chemical Disasters?

Laguna, Marie-Aude; Capelle-Blancard, Gunther - HAL - 2010

In this paper, we examine the stock market reaction to industrial disasters. We consider an original sample of 64 explosions in chemical plants and refineries worldwide over the period 1990-2005. A quarter of the accidents resulted in a toxic release, and half of them caused at least one death...

Persistent link: https://www.econbiz.de/10010635087

Energy management systems and market value: Is there a link?

Pham, Thi-Hong-Hanh - HAL - 2014

This paper aims to advance in the knowledge of the economic impacts of ISO 50001 certification on firms' performance. The study hypothesizes that ISO 50001 is associated with improvements in market value of firms. We employ, on one hand, event study methodology for a sample of 40 companies...

Persistent link: https://www.econbiz.de/10010821272