Showing 1 - 10 of 66
We examine the profitability of cross-ownership in an oligopolistic industry where firms compete as Cournot rivals. We … over to the case of non-renewable resource industries. The profitability of a symmetric cross-ownership can be positive …
Persistent link: https://www.econbiz.de/10012263696
profits. The discontinuity in the profit distribution is (i) more pronounced amid greater political or public pressure, the …. These findings indicate that profitability concerns, while absent from standard theoretical models of central banking, are …
Persistent link: https://www.econbiz.de/10011672490
This paper analyses the stochastic behaviour of Private Equity returns (a measure of profitability) applying fractional …. Differences are also found in the results by asset class. The implications of these findings for private equity management, profit …
Persistent link: https://www.econbiz.de/10013285647
Contrary to the central prediction of signaling models, changes in profits do not empirically follow changes in dividends. We show both theoretically and empirically that dividends signal safer, rather than higher, future profits. Using the Campbell (1991) decomposition, we are able to estimate...
Persistent link: https://www.econbiz.de/10011754236
profit. Setting up a model that allows for profitable and loss-making affiliates of multinationals, we show that profit … equilibrium, affiliates might over-invest and the bunching-related investment effects generate a tendency for too high profit …
Persistent link: https://www.econbiz.de/10011794726
China's currency policy has been criticized for its apparent pursuit of mercantile advantage by artificially stimulating exports, which potentially have adverse effects on other economies. While China's currency policy may have positive output effects, there may be additional profits or losses....
Persistent link: https://www.econbiz.de/10010227253
and Schumpeter's theory of creative destruction. His law of the tendency of the rate of profit to fall parallels Alvin …
Persistent link: https://www.econbiz.de/10011653595
We quantify the impacts of droughts in New Zealand on the profitability of dairy, and sheep and beef farms. Using a … two years earlier and farms' revenue, profit and consequently their return on capital. More surprisingly, we found that … current (same fiscal year) drought events have positive impacts on dairy farms' revenue and profit; this effect is most likely …
Persistent link: https://www.econbiz.de/10012002991
We study the profitability incentives of merger and the endogenous industry structure in a strategic trade policy …
Persistent link: https://www.econbiz.de/10011507913
about the pass-through of monetary policy. On the one hand, negative rates could lead to declining bank profitability making …
Persistent link: https://www.econbiz.de/10011933740