Showing 1 - 9 of 9
This paper provides an empirical test of the Fisher effect and of the real interest parity. The objetive is to determinate the behavior of the ex-ante real interest that condicionate the intertemporal savings and investment decisions. The method used is the time series properties of the data,...
Persistent link: https://www.econbiz.de/10005812845
Within a global frame leading to the elaboration of an interest rate risk pricing model applicable to financial … institutions which takes the basis risk into account, the current paper analyses the long-term impact of the most representative …
Persistent link: https://www.econbiz.de/10008553099
This paper analyzes the relationship between the dividend and debt policies, firm risk and the director’s ownership …. Firstly, the results show that the payment of dividends reduces the risk and the leverage, and increases the ownership …. Secondly, the firm risk presents a negative effect on the debt ratio and on the payment of dividends and a positive …
Persistent link: https://www.econbiz.de/10005212513
This paper analyzes the effect of the power of the chairman and CEO on firm risk. As proxies of power several variables … being founders, their tenure, their shareholding and the size of the board. Risk has been measured by the systematic and the … Spanish market. Results show that the fact of being founders and the accumulation of titles increases risk and the size of the …
Persistent link: https://www.econbiz.de/10005212539
Several studies have shown that the contrarian strategy, or the forming of a zeroinvestmentportfolio that buys the stocks that have performed poorly in the past (losers) andsells those that have performed well (winners), creates abnormally positive returns in thefuture. Many hypotheses have been...
Persistent link: https://www.econbiz.de/10005812843
In a previous work, Forner and Marhuenda (2001) find that the contrarian strategy, thatis, the forming of a zero-investment portfolio that buys the stocks that have performed poorly inthe past (losers) and sells those that have performed well (winners), does not yield abnormallypositive returns...
Persistent link: https://www.econbiz.de/10005515799
relate the efficiency with bank management quality, we first analysed the effect of efficiency on the systematic risk of …
Persistent link: https://www.econbiz.de/10005515872
This is a bibliographical review which allows not only to deepen the knowledge from the Management of the Human … model, whose plinth makes emphasis in the human motivation, as it bases to develop the model of Management by Competitions …
Persistent link: https://www.econbiz.de/10004972747
This is a report on the Development speech and practice construction and implementation in Latin-America, focused in Colombia. The formal transformation process towards "sustainable development" is described, also the way this concept remained encased in coastal zone integral approach, which was...
Persistent link: https://www.econbiz.de/10005532965