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Investors' trading behaviour and stock market volatility during crisis periods : a dual long-memory model for the Korean stock exchange

Caporale, Guglielmo Maria; Karanasos, Menelaos; Yfanti, … - 2019

This study examines the impact of investors' buy and sell trades on Korean stock market volatility across two crisis events, the Asian crisis of 1997 and the 2008 global financial crash. We investigate the trading behaviour of domestic vs. foreign and institutional vs. individual investors. Our...

Persistent link: https://www.econbiz.de/10012138660

High and low activity spells in housing markets

Smith, Eric - 2015

This paper demonstrates the way in which stock-flow matching with endogenous seller entry generates hot and cold spells in house sales. Potential sellers know the number of bidders remaining from the last house sale. If two or more bidders remain, the seller obtains the gains to trade through...

Persistent link: https://www.econbiz.de/10011384560

Do large cabinets favor large governments? : evidence from Swiss sub-federal jurisdictions

Schaltegger, Christoph A.; Feld, Lars P. - 2004

interact with fragmentation in determining government size. The empirical study of the role of fragmented governments for …

Persistent link: https://www.econbiz.de/10011451337

Private bank deposits and macro/fiscal risk in the euroarea

Arghyrou, Michael Georgiou; Gadea, María Dolores - 2019

tested hypotheses. They also reveal persistent fragmentation between EMU core and periphery banking systems caused by a …

Persistent link: https://www.econbiz.de/10011982211

Net neutrality and internet fragmentation : the role of online advertising

D'Annunzio, Anna; Russo, Antonio - 2015 - This version: July 2015

We investigate the relation between Net Neutrality regulation and Internet fragmentation. We model a two-sided market … strategically set termination fees to induce fragmentation. This takes place when advertising revenues are potentially large but … identify an important link between termination fees, the online advertising market and Internet fragmentation. We extend the …

Persistent link: https://www.econbiz.de/10011305392

The structure of multinational firms' international activities

Davies, Ronald B.; Markusen, James R. - 2020

The structure of a multinational firm, that is how its affiliates relate to one another, is critical for understanding where multinationals locate, how policy affects them, and their resilience to localized shocks. Here, we review the two main structures: horizontal investments which replicate...

Persistent link: https://www.econbiz.de/10012174819

Divided they fall : fragmented parliaments and government stability

Carozzi, Felipe; Cipullo, Davide; Repetto, Luca - 2020

This paper studies how political fragmentation affects government stability. We show that each additional party with … fragmentation in parliaments worldwide may have a substantial impact on stability and political selection. …

Persistent link: https://www.econbiz.de/10012197630

Urban specialisation : from sectoral to functional

Antoine, Antoine; Markusen, James R.; Venables, Anthony - 2021

The comparative advantage of many cities is based on their efficiency in the production of "functions", e.g., business services such as finance, law, engineering, or similar functions that are used by firms in a wide range of sectors. Firms that use these functions may choose to source them...

Persistent link: https://www.econbiz.de/10012417745

Import competition and U.S. sentiment toward China

Arezki, Rabah; Duong Trung Le; Nguyen, Ha; Nguyen, Hieu - 2024

We empirically examine how import competition affects sentiment toward China in local communities in the United States using a news-based index for sentiment. Results are threefold. First, U.S. sentiment toward China peaked in 2007 before turning negative. Second, communities more exposed to...

Persistent link: https://www.econbiz.de/10014514814

The impact of horizontal mergers on market structure : evidence from the semiconductor industry

Siebert, Ralph - 2016

The U.S. and EU Merger Guidelines strongly emphasize the relevance of the "ease of entry" argument in merger evaluations. Up to now, very little is known empirically about how mergers affect entry and exit, and the resulting number of firms in the markets. We empirically test this aspect of...

Persistent link: https://www.econbiz.de/10011481190