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Testing for Uncorrelated Residuals in Dynamic Count Models with an Application to Corporate Bankruptcy
Sant'Anna, Pedro H. C. - Volkswirtschaftliche Fakultät, … - 2013
This article proposes a new diagnostic test for dynamic count models, which is well suited for risk management. Our test proposal is of the Portmanteau-type test for lack of residual autocorrelation. Unlike previous proposals, the resulting test statistic is asymptotically pivotal when...
Persistent link: https://www.econbiz.de/10011111164
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Poisson qmle of count time series models
Ahmad, Ali; Francq, Christian - Volkswirtschaftliche Fakultät, … - 2014
Regularity conditions are given for the consistency of the Poisson quasi-maximum likelihood estimator of the conditional mean parameter of a count time series. The asymptotic distribution of the estimator is studied when the parameter belongs to the interior of the parameter space and when it...
Persistent link: https://www.econbiz.de/10011111631
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The impact of foreign investors on the risk-taking of Japanese firms
Nguyen, Pascal - Volkswirtschaftliche Fakultät, … - 2012
Consistent with a bank-centered governance system, Japanese firms exhibit an exceptionally low level of performance variability. The increased involvement of foreign investors motivated by shareholder value is thus likely to have triggered a major shift in their risk-taking behavior. My results...
Persistent link: https://www.econbiz.de/10011258934
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Концепция подхода к оценке деятельности управленческого персонала
Filippova, Irina; Balakhnin, Hary - Volkswirtschaftliche Fakultät, … - 2010
The main goal of the article is to formulate an approach to appraisal of managerial staff activity from the standpoint of manager’s working time as scarce resource and extent of efficiency of its utilisation, and the issue of optimal allocation of managerial load in the control system.
Persistent link: https://www.econbiz.de/10011259575
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Risk management – a new priority system customs and its consequences
Iacob, Constanta; Zaharia, Stefan - Volkswirtschaftliche Fakultät, … - 2012
The preoccupations concerning the analysis and the administration of the risks began in the year 1970 and lasted for 10 years, aiming at different fields of the human sciences: administration, sociology, economy, political sciences. The negligence in analyzing the risks for more than 20 years...
Persistent link: https://www.econbiz.de/10011261114
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Collateral Monitoring and Bank Regulation
Mallick, Indrajit - Volkswirtschaftliche Fakultät, … - 2002
We present a theory of banking regulation affecting procedural compliance in monitoring collateral in secured debt … contracts. The theory suggests an externality which creates a gap between the socially optimal level of monitoring and the bank …’s privately optimal level. Banks can not be punished ex post for lack of monitoring or otherwise in the bad state of nature. Hence …
Persistent link: https://www.econbiz.de/10009246896
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Short-run vs. long-run cooperation among the G-20 countries
Mundaca, Gabriela - Volkswirtschaftliche Fakultät, … - 2011
countries and their interrelations can change because of shifts in government regimes. Monitoring and peer pressure to comply …
Persistent link: https://www.econbiz.de/10009294593
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Cartel Duration and Endogenous Private Monitoring and Communication: An Instrumental Variables Approach
Zhou, Jun - Volkswirtschaftliche Fakultät, … - 2012
Colluding firms often exchange private information and make transfers within the cartels based on the information. Estimating the impact of such collusive practices— known as the “lysine strategy profile (LSP)â€â€” on cartel duration is difficult because of endogeneity and...
Persistent link: https://www.econbiz.de/10009401303
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Revisiting the strengths and limitations of regulatory contracts in infrastructure industries
Marques, Rui Cunha; Berg, Sanford V - Volkswirtschaftliche Fakultät, … - 2010
allocated correctly nor is effective monitoring ensured. This review of contract procedures and design allows us to draw several …
Persistent link: https://www.econbiz.de/10009251550
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Screening ex-ante or screening on-the-job? The impact of the employment contract
Pinoli, Sara - Volkswirtschaftliche Fakultät, … - 2008
-ante, through the recruitment process, and monitoring new hires at work, or screening on-the-job. Using two datasets representative … of lower cost and higher speed - and closer monitoring than permanent employees. But this relation depends crucially on …
Persistent link: https://www.econbiz.de/10005836629