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This paper examines the importance of exchange rate risk in the return generating process for a large sample of non-financial firms from 37 countries. We argue that the effect of exchange rate exposure on stock returns should be conditional and show evidence of a significant return premium to...
Persistent link: https://www.econbiz.de/10005835943
This paper examines the importance of exchange rate risk in the return generating process for a large sample of non-financial firms from 37 countries. We argue that the effect of exchange rate exposure on stock returns should be conditional and show evidence of a significant return premium to...
Persistent link: https://www.econbiz.de/10011109754
Based upon the foundations of mean-variance decision-making theory, we demonstrate that a change in the risk situation of an international enterprise open currency position does not inevitably require a corresponding hedging accommodation. Given a new risk situation, whether a revision of the...
Persistent link: https://www.econbiz.de/10008529246
This paper comprises a survey of a half century of research on international monetary aggregate data. We argue that since monetary assets began yielding interest, the simple sum monetary aggregates have had no foundations in economic theory and have sequentially produced one source of...
Persistent link: https://www.econbiz.de/10005621844
This paper analyses the dynamics of income inequality of wage earners in Slovenia from 1991 to 2005, using two … Slovenia, extracting all full-time employees from these files by using the central registry of the active population and …
Persistent link: https://www.econbiz.de/10005836656
Slovenia belongs to a group of EU member states that have reduced their personal income tax burden during the current …
Persistent link: https://www.econbiz.de/10009203641
This paper analyses the distribution of employee income in Slovenia in the period 1991–2009. The analysis is based on …
Persistent link: https://www.econbiz.de/10011257886
social benefits in Slovenia and Croatia. The redistributive effect is decomposed first to reveal progressivity and horizontal … inequality and lower redistributive effect than Slovenia. Horizontal inequity effects, though, were higher in Slovenia than in … horizontal inequity. In Slovenia, the non-means-tested benefits slightly increased income inequality. …
Persistent link: https://www.econbiz.de/10011260428
an individual. Starting from the fact that the employment rate of older workers in Slovenia in 2011 was the lowest in the … EU, the article aims to establish the level of older workers’ job satisfaction in Slovenia compared to the EU, analyse … 2010 reveals that Slovenia ranks 15th among the EU member states in terms of older workers’ job satisfaction, thus lagging …
Persistent link: https://www.econbiz.de/10011261123
concordance. We apply this descriptive measure by exploring the relationship between wages and labour productivity in Slovenia for …
Persistent link: https://www.econbiz.de/10008674262