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Institutional investment in Central and Eastern Europe : investment criteria of western portfolio managers

Köke, F. Jens - 1999

This study provides detailed evidence on the transistion state of Central and Eastern Europe (CEE) countries. It draws on data from a survey conducted among portfolio managers of Western investment funds thereby making use of the knowledge of experts in CEE markets. The approach of the study is...

Persistent link: https://www.econbiz.de/10013428278

EU enlargement and immigration

Kraus, Margit - 2000

This paper assesses the consequences of EU enlargement for East West migration. In the theoretical part, we identify several factors in addition to the reduction of moving costs by which EU membership influences migration. Specifically, EU accession affects income gaps. Moreover, if EU...

Persistent link: https://www.econbiz.de/10013428311

Corporate finance and restructuring: evidence from Central and Eastern Europe

Köke, F. Jens; Salem, Tanja - 2000

After the end of communism enterprises in Central and Eastern Europe (CEE) were marked by low levels of labor productivity, mainly because of too high employment levels. According to economic theory, the corporate capital structure can be an important element in the restructuring process. But...

Persistent link: https://www.econbiz.de/10013428317

Investment opportunities in Central and Eastern European equity markets : an econometric examination of the risk-return relationships for Western investors

Schröder, Michael - 2000

This study focuses on the diversification benefits of the most developed equity markets of Central and Eastern Europe (CEE). To evaluate these benefits of diversification we use so-called spanning tests based on a stochastic discount factor approach and estimated by General Methods of Moments...

Persistent link: https://www.econbiz.de/10013428350

Herding of institutional traders : new evidence from daily data

Kremer, Stephanie - 2010

This paper sheds new light on herding of institutional investors by using a unique database that identifies every … transaction made by financial institutions in the German stock market. First, the analysis reveals that herding behavior of … previous studies overestimate herding. Third, our results suggest that herding by large financial institutions mainly results …

Persistent link: https://www.econbiz.de/10008665444

Contagious herding and endogenous network formation in financial networks

Georg, Co-Pierre - 2014

When banks choose similar investment strategies, the financial system becomes vulnerable to common shocks. Banks decide about their investment strategy ex-ante based on a private belief about the state of the world and a social belief formed from observing the actions of peers. When the social...

Persistent link: https://www.econbiz.de/10010405430

The effect of trade liberalization on firm-level profits : an event-study approach

Breinlich, Holger - 2016

Persistent link: https://www.econbiz.de/10011438929

Oil price shocks and stock return volatility : new evidence based on volatility impulse response analysis

Eraslan, Sercan; Ali, Faek Menla - 2018

We use volatility impulse response analysis estimated from the bivariate GARCH-BEKK model to quantify the size and the persistence of different types of oil price shocks on stock return volatility and the covariance between oil price changes and stock returns for a wide range of net...

Persistent link: https://www.econbiz.de/10011903691

Foreign direct investment in Central and Eastern European countries : the role of institutional reforms

Vannini, Stefano - 1995

Persistent link: https://www.econbiz.de/10000925006

The political economy of trade liberalization in the transition

Hillman, Arye L.; Ursprung, Heinrich W. - 1995

Persistent link: https://www.econbiz.de/10000931729

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