Showing 1 - 10 of 95
From 1963 through 2015, idiosyncratic risk (IR) is high when market risk (MR) is high. We show that the positive relation between IR and MR is highly stable through time and is robust across exchanges, firm size, liquidity, and market-to-book groupings. Though stock liquidity affects the...
Persistent link: https://www.econbiz.de/10011520321
This paper analyzes the impact of blockownership dispersion on firm value. Blockholdings by multiple blockholders is a widespread phenomenon in the U.S. market. It is not clear, however, whether dispersion among blockholder is preferable to having a more concentrated ownership structure. To test...
Persistent link: https://www.econbiz.de/10003947463
Persistent link: https://www.econbiz.de/10013261086
Persistent link: https://www.econbiz.de/10000666432
Persistent link: https://www.econbiz.de/10000552758
Persistent link: https://www.econbiz.de/10001751686
Persistent link: https://www.econbiz.de/10001756147
National borders substantially matter in passenger air traffic. Empirical estimates based upon a new data set on domestic and international departures from German airports indicate that the German border reduces air traffic activity by a factor of four to five. This result adds a further piece...
Persistent link: https://www.econbiz.de/10001732235
Persistent link: https://www.econbiz.de/10001768495
Persistent link: https://www.econbiz.de/10002055072