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Are family firms financially healthier than non-family firm?
Ntoung, Lious Agbor Tabot; Oliveira, Helena Maria Santos de - In: Journal of risk and financial management : JRFM 13 (2020) 1/5, pp. 1-18
and risk choices of family and non-family firms. Using a panel data set of 888 firms and 7104 firm-year observations of …-family firms, and as such maintain a lower level of debt. Secondly, family firms demonstrate lower risk as illustrated by the … their counterparts in terms of the operation aspect of the business's risk factors. Family firms managed their business …
Persistent link: https://www.econbiz.de/10012173275
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STO vs. ICO : a theory of token issues under moral hazard and demand uncertainty
Miglo, Anton - In: Journal of risk and financial management : JRFM 14 (2021) 6, pp. 1-35
This paper considers a financing problem for an innovative firm that is launching a web-based platform. The entrepreneur, on one hand, faces a large degree of demand uncertainty on his product and on the other hand has to deal with incentive problems of professional blockchain participants who...
Persistent link: https://www.econbiz.de/10012587665
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Systematic and idiosyncratic risks of the U.S. Airline industry
Bhuyan, Rafiqul; Mollick, André Varella; Amin, Md. Ruhul - In: Journal of risk and financial management : JRFM 15 (2022) 8, pp. 1-13
angles. Although the systematic risk of the airline industry has been examined before, idiosyncratic risk has largely been …
Persistent link: https://www.econbiz.de/10013380405
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Friendship of stock market indices : a cluster-based investigation of stock markets
Nagy, László; Ormos, Mihály - In: Journal of risk and financial management : JRFM 11 (2018) 4, pp. 1-16
This paper introduces a spectral clustering-based method to show that stock prices contain not only firm but also network-level information. We cluster different stock indices and reconstruct the equity index graph from historical daily closing prices. We show that tail events have a minor...
Persistent link: https://www.econbiz.de/10011960408
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Artificial intelligence for cluster analysis : case study of transport companies in Czech Republic
Kalinová, Eva - In: Journal of risk and financial management : JRFM 14 (2021) 9, pp. 1-36
What is the situation of the transport sector in the Czech Republic and what is its importance for the economy of the Czech Republic? How and to what extent do businesses operating in this sector influence the sector as such, and how many businesses in this sector have such influence?...
Persistent link: https://www.econbiz.de/10012628268
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Breakdown of government debt into components in euro area countries
László, Török - In: Journal of risk and financial management : JRFM 15 (2022) 2, pp. 1-13
The pandemic that erupted in 2020 generated a significant increase in public debt, which is likely to draw the attention of economic policy and the economic profession to the evolution and sustainability of debt. This study first shows how the gross sovereign nominal consolidated government debt...
Persistent link: https://www.econbiz.de/10012821058
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Multiscale partial correlation clustering of stock market returns
Michis, Antonis A. - In: Journal of risk and financial management : JRFM 15 (2022) 1, pp. 1-22
This study proposes a wavelet procedure for estimating partial correlation coefficients between stock market returns over different time scales. The estimated partial correlations are subsequently used in a cluster analysis to identify, for each time scale, groups of stocks that exhibit distinct...
Persistent link: https://www.econbiz.de/10012813576
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Evaluation of the financial performance of the municipalities in Slovakia in the context of multidimensional statistics
Lukáč, Jozef; Teplická, Katarína; Čulková, Katarína - In: Journal of risk and financial management : JRFM 14 (2021) 12, pp. 1-10
In some studies, only financial aspects are emphasized, but we also see cases of assessing the financial health of municipalities through socio-economic indicators. Public organizations worldwide have had to increase their financial performance by adopting management practices. Nonetheless,...
Persistent link: https://www.econbiz.de/10012798382
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Compositional classification of financial statement profiles : the weighted case
Jofre-Campuzano, Pol; Coenders, Germà - In: Journal of risk and financial management : JRFM 15 (2022) 12, pp. 1-17
This article classifies petrol retail companies in Spain based on their financial ratios using the compositional data analysis (CoDA) methodology. This methodology solves the most common distributional problems encountered in the statistical analysis of financial ratios. The main purpose of this...
Persistent link: https://www.econbiz.de/10014284438
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The fundamental equation in tourism finance
McAleer, Michael - In: Journal of risk and financial management : JRFM 8 (2015) 4, pp. 369-374
The purpose of the paper is to present the fundamental equation in tourism finance that connects tourism research to empirical finance and financial econometrics. The energy industry, which includes, oil, gas and bio-energy fuels, together with the tourism industry, are two of the most important...
Persistent link: https://www.econbiz.de/10011545065