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¿Puede el gobierno corporativo aprender del gobierno público?
Jakob, Brugger; Immanuel, Samuel - Volkswirtschaftliche Fakultät, … - 2007
In view of recent corporate scandals, it is argued that corporate governance can learn from public governance. Institutions devised to control and discipline the behaviour of executives in the political sphere can give new insights into how to improve the governance of firms. Some proposal such...
Persistent link: https://www.econbiz.de/10005835562
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Determinants of Capital Structure in Non-Financial Companies
Kühnhausen, Fabian; Stieber, Harald W. - Volkswirtschaftliche Fakultät, … - 2014
In this paper, we evaluate firm-, industry- and country-specific factors determining a firm's capital structure. The empirical validity of several capital structure theories has been ambiguous so far. We shed light on the main drivers of leverage and depict differences in industry and country...
Persistent link: https://www.econbiz.de/10011019340
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Kreditrisikotransfer – Abbau alter gegen den Aufbau neuer Risiken?
Rudolph, Bernd - Volkswirtschaftliche Fakultät, … - 2007
Die neuen Märkte für den Transfer von Kreditrisiken tragen auf unterschiedliche Weise und mit Hilfe verschiedener Mechanismen zur Vervollkommnung, Vervollständigung und Informationsversorgung der Finanzmärkte bei. Der Vergrößerung der Handlungsoptionen einzelner Marktteilnehmer sowie der...
Persistent link: https://www.econbiz.de/10005157501
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Impact of monetary policy on US stock market
Sirucek, Martin - Volkswirtschaftliche Fakultät, … - 2011
Purpose of the article The present article deals with associations between the development of money supply measured by the money aggregate M2 and the development of the Ameri-can stock index Dow Jones Industrial Average. The objective of the article is to determine, describe and assess the...
Persistent link: https://www.econbiz.de/10011113226
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Evolution of security transaction tax in India
Sinha, Pankaj; Mathur, Kritika - Volkswirtschaftliche Fakultät, … - 2012
. Since the volatility of returns on stocks is not constant through time, conditional heteroscedasticity models are used to … estimate the volatility of stock returns. The impact of tax on volatility of return on indices is insignificant. …
Persistent link: https://www.econbiz.de/10011107269
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The impact of mega sports events on the stock markets
Zawadzki, Krystian - Volkswirtschaftliche Fakultät, … - 2013
This study attempts to estimate the impact of mega sports events organization on the stock market. For this purpose, there were selected seven sporting events taking place in the World Cup and European Football Championships and summer and winter Olympic Games. Next their impact on national...
Persistent link: https://www.econbiz.de/10011107497
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Structural Breaks and Testing for the Random Walk Hypothesis in International Stock Prices
Chancharat, Surachai; Valadkhani, Abbas - Volkswirtschaftliche Fakultät, … - 2007
This paper examines whether stock prices for 16 countries are trend stationary or follow a random walk process using the (Zivot and Andrews, 1992) and (Lumsdaine and Papell, 1997) tests and monthly data (1987:12-2005:12). With one structural break, the ZA test results provide evidence in favour...
Persistent link: https://www.econbiz.de/10011107635
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The Overreaction Hypothesis: The Case of Ukrainian Stock Market
Mynhardt, H. R.; Plastun, Alex - Volkswirtschaftliche Fakultät, … - 2013
This paper examines the short-term price reactions after one-day abnormal price changes on the Ukrainian stock market. The original method of abnormal returns calculation is examined. We find significant evidence of overreactions using the daily data over the period 2008-2012. Our analysis...
Persistent link: https://www.econbiz.de/10011113951
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Effects of Option Introduction on Price and Volatility of Underlying Assets - A Review
Hiremath, Gourishankar S - Volkswirtschaftliche Fakultät, … - 2009
The effect of options’ introduction on underlying market is one of the frequently debated themes in financial research. A significant body of literature addresses the question of effects of options’ introduction. The critical review of the literature shows that there is no consensus among...
Persistent link: https://www.econbiz.de/10011258169
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DOW effects in returns and in volatility of stock markets during quiet and turbulent times
Dumitriu, Ramona; Stefanescu, Razvan - Volkswirtschaftliche Fakultät, … - 2013
volatility for 32 indexes from advanced and emerging markets. We analyze this seasonality for two periods of time: a relative …-GARCH model allows us to identify, for the two periods, various forms of day of the week effects in returns and volatility … radical decline occurred for the day of the week effects in volatility. In the case of indexes from the emerging markets, the …
Persistent link: https://www.econbiz.de/10011260351