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such as efficiency and distribution. Section IV studies market imperfections: market adjustments with imperfect information … community near the workplace and society as a whole; and also externalities in the production of OSH and of OSH information …
Persistent link: https://www.econbiz.de/10005623320
long term indebtedness based on the market timing theory of capital structure and provides empirical evidence to …
Persistent link: https://www.econbiz.de/10011111610
elements and by referring to the theory of Principal/Agent in the asymmetric information, we try to model the insider behavior … the abnormal returns. The insider trading is given by using the inside (i.e., the privileged) information, not yet …
Persistent link: https://www.econbiz.de/10008560130
time frame. Failure to file these public reports or filing with inaccurate information constitutes an offence under … prevent the improper use of undisclosed information by insiders; and (2) to increase market efficiency by providing investors … with information concerning the trading activities of an issuer. These objectives are dependent on compliance with the …
Persistent link: https://www.econbiz.de/10011109644
Construction of (composite) indices by the PCA is very common, but this method has a preference for highly correlated variables to the poorly correlated variables in the data set. However, poor correlation does not entail the marginal importance, since correlation coefficients among the...
Persistent link: https://www.econbiz.de/10005790180
inferences’ policy relevance, which is particularly dramatic at the broadest (M3) level of aggregation. Indeed, as Belongia (1996 …
Persistent link: https://www.econbiz.de/10005790300
This paper compares the different dynamics of simple sum monetary aggregates and the Divisia indexes over time, over the business cycle, and across high and low inflation and interest rate phases. Although the traditional comparison of the series may suggest that they share similar dynamics,...
Persistent link: https://www.econbiz.de/10005836240
This paper compares the different dynamics of the simple sum monetary aggregates and the Divisia monetary aggregate indexes over time, over the business cycle, and across high and low inflation and interest rate phases. Although traditional comparisons of the series sometimes suggest that simple...
Persistent link: https://www.econbiz.de/10005836526
aggregation theory, now exist, the usual official central bank data are not based on that better approach. While aggregation …, the simple sum monetary aggregates have had no foundations in economic theory and have sequentially produced one source of … misunderstanding after another. The bad data produced by simple sum aggregation have contaminated research in monetary economics, have …
Persistent link: https://www.econbiz.de/10005836728
queries. Daily and weekly data are used to discuss the effects that normalization, scaling, and aggregation have on the …
Persistent link: https://www.econbiz.de/10008527358