Narrow search
Showing 1 - 10 of 467
Cover Image
The Impact of Default Dependency and Collateralization on Asset Pricing and Credit Risk Modeling
Xiao, Tim - Volkswirtschaftliche Fakultät, … - 2013
This article presents a comprehensive framework for valuing financial instruments subject to credit risk and collateralization. In particular, we focus on the impact of default dependence on asset pricing, as correlated default risk is one of the most pervasive threats to financial markets. Some...
Persistent link: https://www.econbiz.de/10011109891
Cover Image
Technology Transfer and Spillovers in International Joint Ventures
Müller, Thomas; Schnitzer, Monika - Volkswirtschaftliche Fakultät, … - 2005
It is often argued that multinationals are reluctant to transfer technology due to the fear of spillovers. We show that this need not be the case if host country policies like taxation are taken into account. Furthermore, we examine the incentives the multinational and the host country have to...
Persistent link: https://www.econbiz.de/10005835219
Cover Image
The Effect of Tax Treaties on Multinational Firms: New Evidence from Microdata
Davies, Ronald; Norback, Pehr-Johan; Tekin-Koru, Ayca - Volkswirtschaftliche Fakultät, … - 2007
This paper uses affiliate level data from Swedish multinationals to examine the impact of tax treaties on both overall affiliate sales and the composition of those sales. In line with previous results, we find little evidence for an effect of treaties on the level of total sales. We do, however,...
Persistent link: https://www.econbiz.de/10005836713
Cover Image
Comment on "Multinational Firms and Backward Linkages" by Ping Lin and Kamal Saggi
Keane, Michael - Volkswirtschaftliche Fakultät, … - 2005
I highlight some of the key econometric problems facing the literature on FDI spillovers. For the most part, the existing literature takes the approach of estimating production functions in which the total factor productivity (TFP) of the domestic firms in a particular industry/country is...
Persistent link: https://www.econbiz.de/10011250912
Cover Image
Cross-border M&As vs. Greenfield Investments: Does Corruption Make a Difference?
Ayca, Tekin-Koru - Volkswirtschaftliche Fakultät, … - 2012
This paper disentangles the effects of corruption on entry mode decision by carrying out an empirical analysis with rich, firm-level data on the activities of Swedish MNCs around the globe in manufacturing sectors from 1987 to 1998. A number of hypotheses emerge from a simple theoretical...
Persistent link: https://www.econbiz.de/10011111597
Cover Image
Eficiencia del Mercado Accionario Chileno: Un Enfoque Dinámico usando Tests de Volatilidad
Acuña, Andrés; Pinto, Cristián - Volkswirtschaftliche Fakultät, … - 2007
In this paper we analyze the Chilean Stock Market's efficiency level. The efficiency concept, relates financial asset prices, the outcome from investment decisions, with all the information available to economic agents in their rational economic decision making process. To corroborate the stock...
Persistent link: https://www.econbiz.de/10005619423
Cover Image
Impact of monetary policy on US stock market
Sirucek, Martin - Volkswirtschaftliche Fakultät, … - 2011
DJIA obtain in monthly frequence, since 1959 to 2011. From econometric methods, will be using Pearson correlation index … or with time delay (in week). Findings The correlation analysis shows, that between change of money supply and stock … index is high dependence (correlation index 0.9224). By calculating with time delay, was correlation index high too, but …
Persistent link: https://www.econbiz.de/10011113226
Cover Image
The Spread of the Credit Crisis: View from a Stock Correlation Network
Smith, Reginald - Volkswirtschaftliche Fakultät, … - 2008
The credit crisis roiling the world's financial markets will likely take years and entire careers to fully understand …
Persistent link: https://www.econbiz.de/10005668392
Cover Image
International stock market comovements: what happened during the financial crisis?
Horvath, Roman; Poldauf, Petr - Volkswirtschaftliche Fakultät, … - 2011
results suggest that the correlation among equity returns during the financial crisis (2008-2010) somewhat increased … with the stock markets in Brazil, Canada and UK. The correlation of U.S. and Chinese stock market is esentially zero before …
Persistent link: https://www.econbiz.de/10009370830
Cover Image
Time-varying Business Cycles Synchronisation in Europe
Degiannakis, Stavros; Duffy, David; Filis, George - Volkswirtschaftliche Fakultät, … - 2013
The paper investigates the time-varying correlation between the EU12-wide business cycle and the initial EU12 member …
Persistent link: https://www.econbiz.de/10011107545