Showing 1 - 10 of 34
This paper analyzes the impact of changes in the winning chances of candidates running for the 2007 French presidential election on abnormal stock returns of firms that could benefit from a candidate's victory. We use prices formed by transactions on a political prediction market to reveal the...
Persistent link: https://www.econbiz.de/10010738865
the possibility of ethnic patronage in accessing public goods. Nevertheless, it is a central issue as patronage is common …, as a consequence of caste patronage. It also shown that polarization is irrelevant as social antagonisms do not seem to …
Persistent link: https://www.econbiz.de/10010603677
framework matches numerous observations reported in the sociological and anthropological literature dealing with patronage …
Persistent link: https://www.econbiz.de/10008790290
Purpose - The purpose of this paper is to add to our understanding of the monitoring role of multiple large shareholders by examining their impact on the informativeness of firms' earnings. Design/methodology/approach - We use regression models that relate earnings to stock returns for a sample...
Persistent link: https://www.econbiz.de/10009323502
The main purpose of this paper is to consider the multivariate GARCH (MGARCH) framework to model the volatility of a multivariate process exhibiting long term dependence in stock returns. More precisely, the long term dependence is examined in the …first conditional moment of US stock returns...
Persistent link: https://www.econbiz.de/10009644795
Abrupt changes in the unconditional variance of returns have been recently revealed in many empirical studies. In this paper, we show that traditional KPSS-based tests have a low power against nonstationarities stemming from changes in the unconditional variance. More precisely, we show that...
Persistent link: https://www.econbiz.de/10010603693
We consider a framework à la Wirl (1994) where political liberalization is the outcome of a lobbying differential game … particular, it is shown that the cost of lobbying might be significantly increased under uncertainty with respect to the …
Persistent link: https://www.econbiz.de/10010933899
Le lobbying auprès des décideurs publics est une pratique managériale de plus en plus courante mais encore peu étudiée …. A cet effet, une étude empirique est menée sur 679 actions de lobbying (également appelées actions politiques) qui sont … structuration du phénomène du lobbying des entreprises : cinq stratégies types (que l'on peut décrire et illustrer) existent pour …
Persistent link: https://www.econbiz.de/10009322678
autres ? Aux Etats-Unis, le lobbying n'est qu'une tactique parmi d'autres pour influencer la décision publique par la … transmission d'une information particulière, en Europe, le terme lobbying désigne les stratégies politiques des organisations dans …. Néanmoins, l'essentiel de la littérature gestionnaire sur le lobbying provient du management stratégique et des " corporate …
Persistent link: https://www.econbiz.de/10009322682
'une étude récente menée sur le lobbying des 120 plus grandes entreprises en France. …
Persistent link: https://www.econbiz.de/10009322684