Similar Search Results

Crespi-Cladera, Rafel; Garcia-Cestona, Miguel A. - 1999

The paper analyses the ownership structure of a large sample of Spanish listed companies. The results are analysed in terms of governance implications under the agency theory context. The results show a picture with concentrated ownership where stock markets are relatively low important. Direct...

Persistent link: https://www.econbiz.de/10011608487

Taxing Tourism in Spain: Results and Recommendations

Labandeira, Xavier; Gago, Alberto; Picos, Fidel; … - 2006

This paper analyses the foundations, possible applications and the effects of tourism taxation in Spain. The article … tourism taxation in Spain, with special mention being given to the now repealed Balearic ecotasa. Finally, the effects of two …-related sectors could have the same effects on tourist expenditure but at the costs of greater impact for Spain's economy. …

Persistent link: https://www.econbiz.de/10010312497

A further step into the ELGH and TLGH for Spain and Italy

Cortés_Jiménez, Isabel; Pulina, Manuela - 2006

hypothesis (TLGH). The cases under analysis are Spain and Italy, two of the most important countries worldwide regarding the … exports cause economic growth in the long-term for both countries, whilst only for Spain tourism appears as a factor which …

Persistent link: https://www.econbiz.de/10010312651

The financial transmission of housing bubbles: Evidence from Spain

Martin, Alberto; Moral-Benito, Enrique; Schmitz, Tom - 2019

How do housing bubbles affect other economic sectors? We show that in the presence of collateral constraints, a bubble initially raises housing credit demand and crowds out credit to non-housing firms. If the bubble lasts, however, housing credit repayments raise banks' net worth and expand...

Persistent link: https://www.econbiz.de/10012142089

Permanent and temporary internal migrations in Spain, 1877 - 1936: Determinants and labour market impact

Silvestre, Javier - 2002

Persistent link: https://www.econbiz.de/10010293874

Who benefits from IPO underpricing? Evidence form hybrid bookbuilding offerings

Pons-Sanz, Vicente - 2005

This paper uses a unique sample of 175 Spanish equity offerings from 1985 to 2002 to test who benefits from IPO underpricing and why. Institutions receive nearly 75% of the profits in underpriced issues, while they have to bear only 56% of the losses in overpriced offerings. Superior information...

Persistent link: https://www.econbiz.de/10011604474

Do decreasing hazard functions for price changes make any sense?

Álvarez, Luis J.; Burriel, Pablo; Hernando, Ignacio - 2005

A common finding in empirical studies using micro data on consumer and producer prices is that hazard functions for price changes are decreasing. This means that a firm will have a lower probability of changing its price the longer it has kept it unchanged. This result is at odds with standard...

Persistent link: https://www.econbiz.de/10011604507

Socio-economic development and fiscal policy: lessons from the cohesion countries for the new member states

Mehrotra, Aaron N.; Peltonen, Tuomas A. - 2005

Greece, Portugal, Spain and Ireland for 1980-1999. We find that an improvement in the net lending position of the government …

Persistent link: https://www.econbiz.de/10011604513

Price setting behaviour in Spain: evidence from micro PPI data

Álvarez, Luis J.; Burriel, Pablo; Hernando, Ignacio - 2005

This paper identifies the basic features of price setting behaviour at the producer level in the Spanish economy using a large dataset containing the micro data underlying the construction of the PPI over the period 1991-1999. It explores how these general features are affected by some specific...

Persistent link: https://www.econbiz.de/10011604568

The price setting behaviour of Spanish firms: evidence from survey data

Álvarez, Luis J.; Hernando, Ignacio - 2005

This paper reports the results of a survey carried out by the Banco de España on a sample of around 2000 spanish firms to deepen the understanding of firms’ price setting behaviour. The main findings may be summarised as follows. Most Spanish firms are price setters that use predominantly...

Persistent link: https://www.econbiz.de/10011604584