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Genetic codes of mergers, post merger technology evolution and why mergers fail
Cuntz, Alexander (contributor) - 2008
This paper addresses the key determinants of merger failure, in particular the role of innovation (post … introduce a model of process innovation where merged firms exibit intra-merger spillover of knowledge under different market … that post-merger innovation performance, in particular with large spillover, increases the probability of survival, while …
Persistent link: https://www.econbiz.de/10003693092
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Discrete-time stochastic volatility models and MCMC-based statistical inference
Hautsch, Nikolaus (contributor); Ou, Yangguoyi (contributor) - 2008
In this paper, we review the most common specifications of discrete-time stochastic volatility (SV) models and illustrate the major principles of corresponding Markov Chain Monte Carlo (MCMC) based statistical inference. We provide a hands-on ap proach which is easily implemented in empirical...
Persistent link: https://www.econbiz.de/10003770817
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Does management matter in schools?
Bloom, Nicholas; Lemos, Renata; Sadun, Raffaella; Van … - 2014
Persistent link: https://www.econbiz.de/10010366952
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How successful have trade unions been? : A utility-based indicator of union well-being
Pencavel, John H. (contributor) - 2008
Persistent link: https://www.econbiz.de/10003778708
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Long-term orientation in family and non-family firms : a Bayesian analysis
Block, Jörn (contributor); Thams, Andreas (contributor) - 2007
A stronger long-term orientation is considered a competitive advantage of family firms relative to non-family firms. In this study, we use panel data of U.S. firms and analyze this proposition. Our findings are surprising. Only in when the family is involved in the management of the firm is the...
Persistent link: https://www.econbiz.de/10003634985
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Support vector regression based GARCH model with application to forecasting volatility of financial returns
Chen, Shiyi (contributor); Jeong, Kiho (contributor);  … - 2008
rates from July 2, 2003 to June 30, 2005 and New York Stock Exchange (NYSE) daily composite index from July 3, 2003 to June …
Persistent link: https://www.econbiz.de/10003636113
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Structural constant conditional correlation
Weber, Enzo (contributor) - 2008
A small strand of recent literature is occupied with identifying simultaneity in multiple equation systems through autoregressive conditional heteroscedasticity. Since this approach assumes that the structural innovations are uncorrelated, any contemporaneous connection of the endogenous...
Persistent link: https://www.econbiz.de/10003636117
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Are CEOs in family firms paid like bureaucrats? : evidence from Bayesian and frequentist analyses
Block, Jörn (contributor) - 2008
The relationship between CEO pay and performance has been much analyzed in the management and economics literature. This study analyzes the structure of executive compensation in family and non-family firms. In line with predictions of agency theory, it is found that the share of base salary is...
Persistent link: https://www.econbiz.de/10003727332
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Measuring and modeling risk using high-frequency data
Härdle, Wolfgang (contributor);  … - 2008
Measuring and modeling financial volatility is the key to derivative pricing, asset allocation and risk management.The recent availability of high-frequency data allows for refined methods in this field.In particular, more precise measures for the daily or lower frequency volatility can be...
Persistent link: https://www.econbiz.de/10003727640
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Simultaneous stochastic volatility transmission across american equity markets
Weber, Enzo (contributor) - 2008
solved by considering heteroscedasticity of the structural volatility innovations, and estimation takes place in an …
Persistent link: https://www.econbiz.de/10003727720