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Horizontal and Vertical Firm Networks, Corporate Performance and Product Market Competition
Bischoff, Oliver - 2015
This paper sheds new light on the assessment of firm networks via multiple directorships in terms of corporate firm performance. Using a large sample of European listed firms in the period from 2003 to 2011 and system GMM we find a significant compensation effect on corporate firm performance...
Persistent link: https://www.econbiz.de/10013024843
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Design of Financial Derivatives: Statistical Power does not Ensure Risk Management Power
Bell, Peter Newton - Volkswirtschaftliche Fakultät, … - 2014
index number, or risk factor, and the producer can buy a derivative on the index number, which provides the producer with an … indirect hedge against low quantity. A practical concern is how to create such an index number: one approach is to define the … index as an estimated regression equation with maximal explanatory power across some set of possible equations. I use my …
Persistent link: https://www.econbiz.de/10011110374
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Does the weather affect stock market volatility?
Daskalakis, George; Symeonidis, Lazaros; Markellos, Raphael - Volkswirtschaftliche Fakultät, … - 2009
This paper investigates the empirical association between stock market volatility and investor mood-proxies related to the weather (cloudiness, temperature and precipitation) and the environment (nighttime length). Overall, our results suggest that cloudiness and length of nighttime are...
Persistent link: https://www.econbiz.de/10009325599
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Optimal design and consequences of financial disclosure regulation: a real options approach
Waters, James - Volkswirtschaftliche Fakultät, … - 2015
This paper examines the optimal design and consequences of financial disclosure regulation. Our model represents the regulation as creating a real option for an investor to delay investment until information is disclosed. We find conditions on investment opportunities that ensure that regulation...
Persistent link: https://www.econbiz.de/10011234838
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¿Puede el gobierno corporativo aprender del gobierno público?
Jakob, Brugger; Immanuel, Samuel - Volkswirtschaftliche Fakultät, … - 2007
In view of recent corporate scandals, it is argued that corporate governance can learn from public governance. Institutions devised to control and discipline the behaviour of executives in the political sphere can give new insights into how to improve the governance of firms. Some proposal such...
Persistent link: https://www.econbiz.de/10005835562
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Bootstrapping Fuzzy-GARCH Regressions on the Day of the Week Effect in Stock Returns: Applications in MATLAB
Giovanis, Eleftherios - Volkswirtschaftliche Fakultät, … - 2009
with triangular membership function in four major stock market index returns. We expect that if the day of the week is … effect in FTSE-100, a positive Tuesday effect in NIKKEI-225 and no effects in DAX index. The specific approach is appropriate …
Persistent link: https://www.econbiz.de/10008536061
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COMMENTS on: “Choice between debt and equity contracts and asymmetrical information: Some empirical evidence"
Islahi, Abdul Azim - Volkswirtschaftliche Fakultät, … - 2000
This is a comment as discussant of a paper entitled “Choice between debt and equity contracts and asymmetrical information: Some empirical evidence" by Qazem Sadr and Zameer Iqbal, included in Iqbal, M. and Llewellyn, David T. (edit), Islamic Banking and Finance: New Perspectives on Profit...
Persistent link: https://www.econbiz.de/10008494198
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Study On Dividend Policy: Antecedent and Its Impact On Share Price
Murhadi, Werner-Ria - Volkswirtschaftliche Fakultät, … - 2008
This research aims to test dividend signaling theory in an Indonesian capital market. Signaling theory states that dividend policy has information content that can influence to share price. Examination of theory of signaling is related to research phenomena in other countries indicating that by...
Persistent link: https://www.econbiz.de/10008685512
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An Analysis of Withdrawn Shareholder Proposals
Foley, Maggie; Cebula, Richard; Jun, Chulhee - Volkswirtschaftliche Fakultät, … - 2013
This study visits the role of shareholder proposals in the governance of public corporations by studying withdrawn shareholder proposals. Among all shareholders, unions are the most likely to withdraw proposals. Furthermore, firms with a record of poor performance, lower insider ownership and...
Persistent link: https://www.econbiz.de/10011107357
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Rescue costs and financial risk
Estrada, Fernando - Volkswirtschaftliche Fakultät, … - 2014
Following Taleb/Tapiero (2009) , the hypotheses are contrasted based on partial information of firms had losses (including external risk factors); the policy implications of this analysis are projected after evaluating two fundamental issues that continue to preoccupy the public opinion: how...
Persistent link: https://www.econbiz.de/10011108272