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Herzer, Dierk - In: Journal of Economic Studies 37 (2010) September, pp. 476-494

Purpose – The purpose of this paper is to examine the impact of outward foreign direct investment (FDI) on economic growth. Design/methodology/approach – Two econometric approaches are used: cross-country regressions for a sample of 50 countries and time-series estimators for the USA....

Persistent link: https://www.econbiz.de/10009319780

A model of stock price adjustment after dividends

Borges, Maria Rosa - In: Journal of Economic Studies 36 (2009) October, pp. 508-521

Purpose – The purpose of this paper is to discuss the stock price adjustment after a dividend distribution, allowing for different types of investors and market imperfections, including taxes and transaction costs. Design/methodology/approach – An arbitrage model is developed to determine...

Persistent link: https://www.econbiz.de/10008481970

Transaction costs versus resource value?

Pitelis, Christos N.; Pseiridis, Anastasia N. - In: Journal of Economic Studies 26 (1999) September, pp. 221-240

Two major advances in the theory of the firm and (micro)economics more generally are arguably transaction costs … economics (TCE) and the theory of firm resources. TCE has originally been applied to the theory of the firm, but found … transaction cost economics fail to supply convincing answers to the issues of the nature of the firm (why do firms exist?), and …

Persistent link: https://www.econbiz.de/10004976593

A comparative analysis of vertical integration in the UK brewing and petrol industries

Cook, Gary - In: Journal of Economic Studies 24 (1997) September, pp. 152-166

Looks fundamentally at the reasons for vertical integration. Specifically addresses the question of why vertical integration and close contractual equivalents have arisen in the petrol and brewing sectors of the UK. Reports the results of a comparative case study. Considers the ability of power...

Persistent link: https://www.econbiz.de/10005003261

Transaction costs, productive efficiency and financial account management

Saygili, Hülya - In: Journal of Economic Studies 36 (2009) September, pp. 284-295

Purpose – This study investigates functional equivalence between entering money into transaction costs that appears in firms' cost functions and the money in the production function. In light of this model, the purpose of the study is to show the impact of financial account management in...

Persistent link: https://www.econbiz.de/10005005726

Specialization and market development as engines of growth

Phillips, Kerk L. - In: Journal of Economic Studies 39 (2012) 5, pp. 590-603

Purpose – The purpose of this paper is to explain the following stylized facts. First, the share of household production in total output has fallen over time as the economy has grown. Second, services as a percent of GDP have risen at the same time. Design/methodology/approach – This paper...

Persistent link: https://www.econbiz.de/10010616613

The impact of banking development on the size of shadow economies

Bose, Niloy; Capasso, Salvatore; Wurm, Martin Andreas - In: Journal of Economic Studies 39 (2012) 6, pp. 620-638

Purpose – The purpose of this paper is to examine the relationship between banking development and the size of shadow economies by employing data on 137 countries over the period from 1995 to 2007. Both cross-sectional and panel analysis suggest that an improvement in the development of the...

Persistent link: https://www.econbiz.de/10010616634

Modeling the non-linear behaviour of option price deviations from the Black Scholes model

Gregoriou, Andros; Bose, Niloy; Haque, M. Emranul - In: Journal of Economic Studies 37 (2010) January, pp. 26-35

Purpose – The purpose of this paper is to test for and model non-linearities in option price deviations from the Black Scholes (BS) model in FTSE 100 index options over the time period 1997-2006. Design/methodology/approach – The economic specification and estimation methodology is outlined,...

Persistent link: https://www.econbiz.de/10008675243

Perceptions of Market Efficacy, Transaction Costs, and Vertical Disintegration in Offshore Oil Gathering

Hallwood, C. Paul - In: Journal of Economic Studies 19 (1992) September, pp. 36-49

Sample-survey information is used to assess aspects of the predictive competence of the transaction-cost paradigm. The extent of vertical disintegration by oil companies in offshore oil gathering is shown to be consistent with the revealed efficacy of the markets in intermediate goods and...

Persistent link: https://www.econbiz.de/10008459555

Transaction costs, productive efficiency and financial account management

Saygili, Hülya - In: Journal of Economic Studies 36 (2009) 3, pp. 284-295

Persistent link: https://www.econbiz.de/10014863213

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