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Accounting noise and the pricing of cocos
Derksen, Mike; Spreij, Peter; Wijnbergen, Sweder van - 2018
the crash in coco prices after Deutsche Bank's profit warning February 2016. …
Persistent link: https://www.econbiz.de/10011818282
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An analysis of the effects of the severance payment reform on credit to Italian SMEs
Calcagno, Riccardo; Kräussl, Roman; Monticone, Chiara - 2008
We study the effects of the reform of the system of severance payments (TFR) of Italian employees on the cost and the access to credit for small and medium-size enterprises (SMEs). The most direct consequence of the reform is to reduce in the long run the amount of liquid assets available to...
Persistent link: https://www.econbiz.de/10011377271
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Initial capital constraints hinder entrepreneurial venture performance
Praag, Mirjam van; Wit, Gerrit de; Bosma, Niels - 2004
This article investigates empirically whether and to what extent initial capital constraints hinder entrepreneurial performance once the venture has been started. Prior empirical research in this area could investigate this issue only indirectly by lack of data. The key contribution of this...
Persistent link: https://www.econbiz.de/10011333876
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Initial capital constraints hinder entrepreneurial venture performance : an empirical analysis
Praag, Mirjam van; Wit, Gerrit de; Bosma, Niels - 2003
Persistent link: https://www.econbiz.de/10001792595
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Multivariate volatility impulse response analysis of GFC news events
Allen, David E.; McAleer, Michael; Powell, Robert; … - 2015
an initial shock and on history, minus the baseline expectation that conditions on history. This makes the process … endogenous, but the choice of the baseline shock within the data set makes a difference. We explore the impact of three different … government allowed the investment bank Lehman Brothers to go bankrupt (GFC2). The third shock is 9 May 2010, which marked the …
Persistent link: https://www.econbiz.de/10011301206
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Volatility spillover and multivariate volatility impulse response analysis of GFC news events
Allen, David E.; McAleer, Michael; Powell, Robert; … - 2016
). The third shock is 9 May 2010. Our modelling includes leverage and asymmetric effects undertaken in the context of a …
Persistent link: https://www.econbiz.de/10011556166
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Volatility smirk as an externality of agency conflict and growing debt
Jaskowski, Marcin; McAleer, Michael - 2013
Persistent link: https://www.econbiz.de/10009784936
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Transmission of government spending shocks in the Euro area : time variation and driving forces
Kirchner, Markus; Cimadomo, Jacopo; Hauptmeier, Sebastian - 2010
Persistent link: https://www.econbiz.de/10003973297
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Idiosyncratic labour income risk and aggregate consumption : an unobserved component approach
Pozzi, Lorenzo - 2007
We investigate the importance of aggregate and consumer-specific or idiosyncratic labour income risk for aggregate consumption changes in the US over the period 1952-2001. Theoretically, the effect of labour income risk on consumption changes is decomposed into an aggregate and into an...
Persistent link: https://www.econbiz.de/10011372981
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Transmission of government spending shocks in the Euro area : time variation and driving forces
Kirchner, Markus; Cimadomo, Jacopo; Hauptmeier, Sebastian - 2010
This paper provides new evidence on the effects of government spending shocks and the fiscal transmission mechanism in the euro area for the period 1980-2008. Our contribution is two-fold. First, we investigate changes in the macroeconomic impact of government spending shocks using time-varying...
Persistent link: https://www.econbiz.de/10011380027