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Witching Days and Abnormal Profits in the US Stock Market
Caporale, Guglielmo Maria; Plastun, Alex - 2021
anomalies give rise to profit opportunities by applying a trading simulation approach. The results suggest the presence of the …
Persistent link: https://www.econbiz.de/10013323081
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Cracks in the Boards : The Opportunity Cost of Governance Homogeneity
Maghin, Helene - 2022
profit margin by 5.4 percent relative to firms with unchanged boards thereby limiting diminishing profitability. We identify …
Persistent link: https://www.econbiz.de/10014081427
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Do Employees Benefit from Worker Representation on Corporate Boards?
Blandhol, Christine; Mogstad, Magne; Nilsson, Peter; … - 2021
Do employees benefit from worker representation on corporate boards? Economists and policymakers are keenly interested in this question – especially lately, as worker representation is widely promoted as an important way to ensure the interests and views of the workers. To investigate this...
Persistent link: https://www.econbiz.de/10013314747
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Should Faustmann Forecast Climate Change?
Gars, Johan - 2019
decisions. While climate-change uncertainty makes it theoretically impossible to calculate expected profit losses of not … approximate optimal management. If changes are observed without too much delay, profit losses and errors in harvesting are …
Persistent link: https://www.econbiz.de/10012866409
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Selective Attention in Exchange Rate Forecasting
Kapounek, Svatopluk; Kučerová, Zuzana; Kočenda, Evžen - 2021
We analyze the exchange rate forecasting performance under the assumption of selective attention. Although currency markets react to a variety of different information, we hypothesize that market participants process only a limited amount of information. Our analysis includes more than 100,000...
Persistent link: https://www.econbiz.de/10013245625
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Inefficiency in Social Security Trust Funds Forecasts
Lahiri, Kajal; Zhang, Junyan; Zhao, Yongchen - 2021
We examine forecast accuracy and efficiency of the Social Security Administration’s projections for cost rate, trust …
Persistent link: https://www.econbiz.de/10013313449
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Predictability of Bull and Bear Markets : A New Look at Forecasting Stock Market Regimes (and Returns) in the Us
Haase, Felix; Neuenkirch, Matthias - 2021
-switching models, and forecast combination to predict the dynamics in the S&P 500. First, we aggregate the weekly information of 115 …
Persistent link: https://www.econbiz.de/10013250734
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Tax Revenue Forecast Errors : Wrong Predictions of the Tax Base or the Elasticity?
Göttert, Marcell; Lehmann, Robert - 2021
In this paper, we disentangle tax revenue forecast errors into influences stemming from wrong macroeconomic assumptions … macroeconomic assumptions matter most for profit-related taxes and the wage tax, false predictions of the elasticities mainly drive … the forecast errors of the energy tax and the sales taxes. For the overall tax sum, more than two-third of the error can …
Persistent link: https://www.econbiz.de/10013222194
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Politics-Business Co-evolution Paths : Workers’ Organization and Capitalist Concentration
Belloc, Marianna - 2012
Most pre-crisis explanations of the various corporate governance systems have considered the separation between ownership and control to be an advantage of the Anglo-American economies. They have also attributed the failure of other countries to achieve these efficient arrangements to their...
Persistent link: https://www.econbiz.de/10013116042
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Ownership concentration, monitoring and optimal board structure
Graziano, Clara; Luporini, Annalisa - 2005
The paper analyzes the optimal structure of the board of directors in a firm with a large shareholder sitting on the board. In a one-tier structure the sole board performs all tasks, while in a two-tier structure the management board is in charge of project selection and the supervisory board is...
Persistent link: https://www.econbiz.de/10010261334