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In contrast to the trend of research investigating why firms decide to release earnings forecasts to pre-empt any expected change in earnings, our study investigates how firms manage their earnings forecast strategy once they have decided to release earnings forecasts. Using a sample of 350...
Persistent link: https://www.econbiz.de/10013107302
This paper examines the profit testing of life insurance companies that issue participating policies, type B and type A … stochastic and modeled by normal or variance gamma distributions. We rely on the stochastic profit testing techniques introduced … the profit testing indicators. We show that the variance gamma model results in more conservative predictions - in a …
Persistent link: https://www.econbiz.de/10014356168
If and how the conduct of the banking sector contributes to the propagation of aggregate shocks has become a prominent empirical research question. This study explores what a cyclicality analysis of net interest margins and spreads, as well as profitability figures, can contribute to the...
Persistent link: https://www.econbiz.de/10010294520
privatization is useful as well as profitable for an economy and empirically present the extent of privatization in Austria and … other European Union countries. In order to assess the impact of privatization in Austria on economic performance, we …
Persistent link: https://www.econbiz.de/10010294495
Labor force participation rates of mothers in Austria and Germany are similar, however full-time employment rates are … joint taxation with income splitting for married couples, Austria taxes everyone individually, which leads to lower marginal …
Persistent link: https://www.econbiz.de/10010294601
, Austria, Czechia, Hungary, Slovakia and Slovenia, whose economic structure is characterized by strong export orientation. We … programmes through development banks, tax/security payment deferrals) though with varying weight and scope. Only in Austria and …
Persistent link: https://www.econbiz.de/10014565926
socio-economic outcomes and country case studies of Austria, Germany and Switzerland, which illustrate the political …
Persistent link: https://www.econbiz.de/10015054229
In response to the financial crisis of 2007/08, all major central banks decreased interest rates to historically low levels and created large excess reserves. Central bankers and academics currently discuss how to implement monetary policy, going forward. We find that paying interest on reserves...
Persistent link: https://www.econbiz.de/10011969181
Major central banks remunerate reserves at negative interest rates and it is increasingly likely that they will keep rates negative for many more years. To study the long run implications of negative rates, we construct a dynamic general equilibrium model with commercial banks funding investment...
Persistent link: https://www.econbiz.de/10012420685
India has been experiencing rising inflows of overseas capital since the deregulation of its financial sector. Often looked upon as a success story among other emerging economies, the country has been subject to pitfalls and trilemmas that deserve attention. It has been officially recognized by...
Persistent link: https://www.econbiz.de/10010286487