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Measuring the Immeasurable: The Evolution of the Size of Informal Economy in the Agricultural Sector in the EU-15 up to 2019
Schneider, Friedrich; Morkunas, Mangirdas; Quendler, Erika - 2021
This study is the first scientific attempt to calculate the size of the informal economy in agriculture. The Multiple … higher levels of informal economy in agriculture compared to the overall economy. The impact of subsidies and farm … organizations on the development of the informal economy are two important factors for these higher values in agriculture. The …
Persistent link: https://www.econbiz.de/10012582000
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Measuring the Immeasurable : The Evolution of the Size of Informal Economy in the Agricultural Sector in the EU-15 Up to 2019
Schneider, Friedrich; Morkunas, Mangirdas; Quendler, Erika - 2021
This study is the first scientific attempt to calculate the size of the informal economy in agriculture. The Multiple … higher levels of informal economy in agriculture compared to the overall economy. The impact of subsidies and farm … organizations on the development of the informal economy are two important factors for these higher values in agriculture. The …
Persistent link: https://www.econbiz.de/10013239559
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Style consistency and mutual fund returns: the case of Russia
Bayarmaa, Adiya; Caporale, Guglielmo Maria - 2019
This paper carries out style analysis for Russian mutual funds using monthly data from the National Managers’ Association over the period January 2008-December 2017; specifically, it applies the RSBA method developed by Sharpe (1992) for evaluating the impact of style on returns, and uses the...
Persistent link: https://www.econbiz.de/10012018296
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It's What You Say and What You Buy: A Holistic Evaluation of the Corporate Credit Facilities
Boyarchenko, Nina; Kovner, Anna; Shachar, Or - 2020
We evaluate the impact of the Federal Reserve corporate credit facilities (PMCCF and SMCCF). A third of the positive effect on prices and liquidity occurred on the announcement date. We document immediate pass through into primary markets, particularly for eligible issuers. Improvements continue...
Persistent link: https://www.econbiz.de/10012425585
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A Theory of Repurchase Agreements, Collateral Re-use, and Repo Intermediation
Gottardi, Piero; Maurin, Vincent; Monnet, Cyril - 2017
We show that repurchase agreements (repos) arise as the instrument of choice to borrow in a competitive model with limited commitment. The repo contract traded in equilibrium provides insurance against fluctuations in the asset price in states where collateral value is high and maximizes...
Persistent link: https://www.econbiz.de/10011698746
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Style Consistency and Mutual Fund Returns : The Case of Russia
Bayarmaa, Adiya - 2019
This paper carries out style analysis for Russian mutual funds using monthly data from the National Managers’ Association over the period January 2008-December 2017; specifically, it applies the RSBA method developed by Sharpe (1992) for evaluating the impact of style on returns, and uses the...
Persistent link: https://www.econbiz.de/10012871757
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It's What You Say and What You Buy : A Holistic Evaluation of the Corporate Credit Facilities
Boyarchenko, Nina; Kovner, Anna; Shachar, Or - 2021
We evaluate the impact of the Federal Reserve corporate credit facilities (PMCCF and SMCCF). A third of the positive effect on prices and liquidity occurred on the announcement date. We document immediate pass through into primary markets, particularly for eligible issuers. Improvements continue...
Persistent link: https://www.econbiz.de/10013315001
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Heterogeneous Beliefs and the Demand for D&O Insurance by Listed Companies
Egger, Peter; Radulescu, Doina Maria; Rees, Ray - 2014
This paper introduces a new rationale for the existence of Directors' and Officers' (D&O) insurance. We use a model with volatile stock markets where shareholders design compensation schemes that incentivize managers to stimulate short-term increases in stock prices that do not maximize long run...
Persistent link: https://www.econbiz.de/10010333462
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Thinking of Incentivizing Care? The Effect of Demand Subsidies on Informal Caregiving and Intergenerational Transfers
Costa-i-Font, Joan; Jimenez-Martin, Sergi; Vilaplana, … - 2016
We still know little about what motivates the informal care arrangements provided in old age. The introduction of demand-side subsidies such as unconditional caregiving allowances (cash benefits designed either to incentivize the provision of informal care, or compensate for the loss of...
Persistent link: https://www.econbiz.de/10011555566
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Does the Expansion of Public Long-Term Care Funding Affect Savings Behaviour?
Costa-i-Font, Joan; Vilaplana, Cristina - 2016
We study the effect of further public caregiving subsidies (and insurance expansions to cover long-term care) on savings and saving behaviour. Specifically, weexamine the unique progressive introduction of a universal public long-term care subsidy (Sistema para la Autonomía y Atención a la...
Persistent link: https://www.econbiz.de/10011555577