Showing 1 - 10 of 171
We present a multi-period mean-variance optimization program which allows for a joint optimization of the balance and off-balance sheet. Our first finding is the proof of a conjecture of Li and Ng (cf. [LN00]), Leippold, Trojani and Vanini (cf. [LTV04], [LTV03]) about the equivalence of the...
Persistent link: https://www.econbiz.de/10005858386
This paper examines the characteristics of firms that voluntarily provide interim financial reports. Based on a sample of Swiss companies, where semi-annual reports became mandatory in 1997, I document that before interim reports became mandatory, analyst coverage, i.e. analysts demand for...
Persistent link: https://www.econbiz.de/10005856971
persistent effect on subsequent employment and income. After initial periods with a higher incidence of sick leave, treated … treated workers, who manage to stay in employment, incur persistent income losses. The effects are stronger for sub-groups of …
Persistent link: https://www.econbiz.de/10010294889
in the US. We challenge the long-held belief that BN primarily affects high income White teenagers, using a unique data …; as are girls from low income families compared to middle and high income families. We use another data set to show that … who is diagnosed with an eating disorder is in accord with popular beliefs, suggesting that African American and low-income …
Persistent link: https://www.econbiz.de/10010316836
. In US election survey data, we find that income is more important in affecting voting behavior for more informed voters … strong correlation between income and political information, Congress representatives vote more conservatively, which is also …
Persistent link: https://www.econbiz.de/10010316941
results show that income, factor endowment, and policy independence are important to explain regional asymmetries between …
Persistent link: https://www.econbiz.de/10005870482
reach the levels of income enjoyed by the richest nations.[...] …
Persistent link: https://www.econbiz.de/10005870584
. This is modified by using tax data to allocate non-wage income across regions. The results suggest that the coefficient of …
Persistent link: https://www.econbiz.de/10005870953
This paper analyzes the impact of IRCA 1986, a U.S. amnesty, on immigrants’human capital development and labor market outcomes. Because of IRCA, the 1975-1981 arrivals were all legalized by 1990. However, many of the 1982-1986 arrivalsremained illegal. Using the California Latino immigrants in...
Persistent link: https://www.econbiz.de/10009302523
Persistent link: https://www.econbiz.de/10012297214