Showing 1 - 10 of 2,201
This paper considers a multivariate t version of the Gaussian dynamic conditional correlation (DCC) model proposed by Engle (2002), and suggests the use of devolatized returns computed as returns standardized by realized volatilities rather than by GARCH type volatility estimates. The t-DCC...
Persistent link: https://www.econbiz.de/10003586562
, thereby causing rational bubbles to lose their efficiency properties. Moreover, if speculation can be carried out by skilled …
Persistent link: https://www.econbiz.de/10003926432
Prediction Markets, sometimes referred to as "information markets", "idea futures" or "event futures", are markets where participants trade contracts whose payoffs are tied to a future event, thereby yielding prices that can be interpreted as market-aggregated forecasts. This article summarizes...
Persistent link: https://www.econbiz.de/10003289880
unions are remarkable: unions in the workplace significantly improve productivity but reduce enterprise profitability …
Persistent link: https://www.econbiz.de/10010229934
The present paper uses a combination of workplace and linked employee-workplace data from the 1998 Workplace Employee Relations Survey and the 2004 Workplace Employment Relations Survey to examine the impact of unions on training incidence, training intensity/coverage, and training duration. It...
Persistent link: https://www.econbiz.de/10003652706
Germany, this paper presents the first comprehensive evidence on the relationship between exports and profitability. It … documents that the positive profitability differential of exporters compared to non-exporters is statistically significant …. Instead, we use a newly developed continuous treatment approach and show that exporting improves the profitability almost over …
Persistent link: https://www.econbiz.de/10003771833
activities towards innovation. We also find that international services outsourcing has a positive effect on profitability, as … predicted by theory, while this is not true for domestic sourcing. The results are robust to various specifications and an …
Persistent link: https://www.econbiz.de/10003896492
According to Becker's (1957) famous theory on discrimination, entrepreneurs with a strong prejudice against female … manage to survive submit to market powers and increase their female workforce over time. -- Firm survival ; profitability …
Persistent link: https://www.econbiz.de/10003908366
This paper considers the impact of education and training on both individual and co-worker pay and establishment performance using the matched employer-employee data in WERS 2004, the panel dataset 1998-2004 and the new Financial Performance Questionnaire. This enables us to assess the impact of...
Persistent link: https://www.econbiz.de/10003591840
and gender) and its performance (productivity and profitability) for a large representative sample of enterprises from …-productivity profiles, which are consistent with human capital theory, and adds a new finding of a rather negative effect of age on firms …' profitability, which is consistent with deferred compensation considerations. Moreover, our analysis reveals for the first time that …
Persistent link: https://www.econbiz.de/10009531984