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The micro-economics of export supply : firm-level evidence from Mexico

Cebreros, Alfonso - 2019

This paper uses firm-level data for Mexican exporters to understand how firm-level export decisions shape a country's aggregate exports. The data allows for a characterization of both the crosssectional distribution of Mexican exports, across destinations and across exporting firms, and of the...

Persistent link: https://www.econbiz.de/10012166191

The perils of performance measurement in the German mutual-fund industry

Böhme, Philip; Pohl, Walter; Schmedders, Karl - 2013

We document a curious feature of the German mutual fund industry. Unlike U.S. mutual funds, funds domiciled in Germany … infer each fund's NAV closing time from the best-fit market model using both maximum likelihood and Bayesian estimation. The … results of both approaches coincide perfectly and show that all but one of the funds domiciled in Germany report intraday NAVs …

Persistent link: https://www.econbiz.de/10009751161

The impact of news on higher moments

Jondeau, Eric (contributor); Rockinger, Michael (contributor) - 2006

In this paper, we extend the concept of News Impact Curve developed by Engle and Ng (1993) to the higher moments of the multivariate returns' distribution, thereby providing a tool to investigate the impact of shocks on the characteristics of the subsequent distribution. For this purpose, we...

Persistent link: https://www.econbiz.de/10003394353

The evolution of transnational knowledge networks of cities : outlining a future research agenda

Weidenfeld, Adi; Clifton, Nick - 2023

Persistent link: https://www.econbiz.de/10014308888

Sources of firm life-cycle dynamics : size vs. age effects

Küng, Lorenz; Yang, Mu-Jeung; Hong, Bryan - 2017

innovation we establish three key sets of stylized facts to inform recent theories of firm life-cycles. First, life-cycle effects … are driven by startups, not by new establishments of existing firms. Second, organizational restructuring and innovation … dynamics. Third, there are important sectoral differences in innovation activities which are monotonically increasing in firm …

Persistent link: https://www.econbiz.de/10012219335

Luck and entrepreneurial success

Liechti, Diego; Loderer, Claudio; Peyer, Urs C. - 2014

How much of entrepreneurial performance is sheer luck compared to talent, experience, education, and hard work? We define luck as unexpected performance and look for an answer in a large survey of entrepreneurs. Accordingly, luck ranks last in importance among various success factors and...

Persistent link: https://www.econbiz.de/10010443047

Researching the politics of knowledge in migration policy

Natter, Katharina - 2024

Persistent link: https://www.econbiz.de/10014491675

Drivers of migration : a synthesis of knowledge

Czaika, Mathias; Reinprecht, Constantin - International Migration Institute - 2020

Persistent link: https://www.econbiz.de/10012485407

Budgetary decomposition and yield spreads

Afonso, António; Jalles, João Tovar - 2015

Persistent link: https://www.econbiz.de/10011549287

Mind the (convergence) gap: bond predictability strikes back!

Berardi, Andrea; Markovich, Michael; Plazzi, Alberto; … - 2019 - This version: August 29, 2019

We show that the difference between the natural rate of interest and the current level of monetary policy stance, which we label Convergence Gap (CG), contains information that is valuable for bond predictability. Adding CG in forecasting regressions of bond excess returns significantly raises...

Persistent link: https://www.econbiz.de/10012134247