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Global and local stationary modelling in finance : theory and empirical evidence

Guegan, Dominique - HAL - 2007

behaviors is created by this fact. It concerns Markov switching processes, Stopbreak models and SETAR processes. Then, new …

Persistent link: https://www.econbiz.de/10010750670

Reversibility and switching options values in the geological disposal of radioactive waste

Ionescu, Oana; Spaeter, Sandrine - HAL - 2011

This article offers some economic insights for the debate on the reversible geological disposal of radioactive waste. Irreversibility due to large sunk costs, an important degree of fiexibility and several sources of uncertainty are taken into account in the decision process relative to the...

Persistent link: https://www.econbiz.de/10010899407

How can we define the concept of long memory ? An econometric survey,

Guegan, Dominique - HAL - 2005

In this paper we discuss different aspects of long memory behaviorand applicable parametric models. We discuss the confusion thatcan arise when the empirical autocorrelation function decreasesin an hyperbolic way.

Persistent link: https://www.econbiz.de/10008791569

BANCOS FUSIONADOS ¿MÁS EFICIENTES?

Ferro, Gustavo; León, Sonia; Romero, Carlos A. - HAL - 2014

Se miden las ganancias potenciales de eficiencia de cinco fusiones de bancos, producidas entre 2005 y 2011, analizándolas con la metodología de análisis envolvente de datos. Dadas las divergencias entre modelos de rendimientos constantes y variables, se testean rendimientos para discernir...

Persistent link: https://www.econbiz.de/10010930238

The 2007-2008 financial crisis: Is there evidence of disaster myopia?

Cornand, Camille; Gimet, Céline - HAL - 2012

determinant variables in banks' risk taking since the beginning of the years 2000. …

Persistent link: https://www.econbiz.de/10009278316

Comparing the value relevance of earnings and book value in IFRS and GAAP standards

Escaffre, Lionel; Sefsaf, Réda - HAL - 2011

sample of companies belonging to the financial sector, made up largely of banks. The sample is taken from several European …

Persistent link: https://www.econbiz.de/10010898605

Quantifying and Explaining Implicit Public Guarantees for European Banks

Toader, Oana - HAL - 2014

of guarantor strength on the value of the implicit guarantee: a higher sovereign rating of a bank‟s home country leads to …. The investigation focuses on a sample of 45 large, listed European banks. It appears that the main element for determining … the value of the public subsidy is the intrinsic strength of the bank. In addition, we provide evidence on the importance …

Persistent link: https://www.econbiz.de/10010899778

Financing economic activity: Schumpeter vs Keynes

Nasica, Eric - HAL - 2002

In this paper I compare Schumpeter's and Keynes' views on the financing of economic activity. As will be seen, both economists share common ideas about the working and financing of market economies. In particular, both Keynes and Schumpeter reject the classical notions of the neutrality of money...

Persistent link: https://www.econbiz.de/10008792147

Affiliated and independent venture capitalists: early stages screening and the syndication / leverage trade-off

Nasica, Eric; Torre, Dominique - HAL - 2008

equity or banks at the second round. IVCs syndicate and AVCs use the internal ways of diversification of the bank. Screening … and the Bank-Affiliated ones. We first discuss in the second section the different characteristics of these institutions …

Persistent link: https://www.econbiz.de/10008793553

Entry mode choice and target firm selection: private and collective incentive analysis

Zhao, Kai - HAL - 2011

The purpose of this paper is to formalize the choices of market entry strategy (Export Vs Greenﬁeld investment Vs Cross … export credible threats. If greenﬁeld FDI is viable, entering ﬁrm prefers acquiring the low-productivity ﬁrm, when the …, there is always the ambiguity between the foreign ﬁrm's preference and the government's judgment. If export entry option is …

Persistent link: https://www.econbiz.de/10010899386