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Managerial Incentives and the Efficiency of Capital Structure in U.S. Commercial Banking
Hughes, Joseph P.; Lang, William W.; Moon, Choon-Geol; … - 2004
We extend the literature on the effects of managerial entrenchment to consider how safety-net subsidies and financial distress costs interact with managerial incentives to influence capital structure in U.S. commercial banking. Using cross-sectional data on publicly traded, highest-level U.S....
Persistent link: https://www.econbiz.de/10010263221
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What explains the productivity decline in manufacturing in the nineties in India?
Ray, Saon - 2014
productivity growth (TFPG), technical change, and efficiency change for a panel of firms during the period 1991 to 2001 in 26 … efficiency change using a Tobit regression for each industry. The results reveal that TFPG declined for all the sectors during … the period. The most significant factor affecting efficiency change, technical change and productivity growth is RD …
Persistent link: https://www.econbiz.de/10011807695
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Managerial incentives and the efficiency of capital structure
Hughes, Joseph P.; Lang, William W.; Moon, Choon-Geol; … - 2001
We extend the literature on the effects of managerial entrenchment on capital structure to consider how safety-net subsidies and financial distress costs interact with managerial incentives to influence capital structure in U.S. commercial banking. Using cross-sectional data on publicly traded,...
Persistent link: https://www.econbiz.de/10010318364
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Die Konstruktion einer marktbasierten Benchmark für Beteiligungstitel in Schiffsinvestitionen
Grelck, Michael B.; Prigge, Stefan; Tegtmeier, Lars; … - 2010
Schiffsinvestitionen haben in Deutschland eine lange Tradition und stellen für private Anleger — meist über geschlossene Fonds — und zunehmend auch für institutionelle Anleger eine bedeutende Form der Kapitalanlage dar. Trotz ihrer schon lange anhaltenden Beliebtheit und des hohen...
Persistent link: https://www.econbiz.de/10010302750
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The gap between the conditional wage distributions of incumbents and the newly hired employees: Decomposition and uniform ordering
Maasoumi, Esfandiar; Pitts, M. Melinda; Wu, Ke - 2014
We examine the cardinal gap between wage distributions of the incumbents and newly hired workers based on entropic distances that are well-defined welfare theoretic measures. Decomposition of several effects is achieved by identifying several counterfactual distributions of different groups....
Persistent link: https://www.econbiz.de/10011310193
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Towards an Applicable True Cost-of-Living Index that Incorporates Housing
Klevmarken, N. Anders - 2004
A dynamic model of consumer behavior that incorporates the demand for housing is specified such that it is consistent with the general purpose of a consumer price index. From this model a true cost-of-living index that includes housing is derived. Being an ideal index it cannot be computed...
Persistent link: https://www.econbiz.de/10010321529
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Turnover and Price in the Housing Market: Causation, Association or Independence?
Hallberg, Daniel; Johansson, Per - 2002
We give general conditions for the data generating process to facilitate the testing of structural dependence of turnover on the average (or median) price in the homogenous housing market. Furthermore, the implications of aggregation over sub-markets is studied. A plausible explanation of the...
Persistent link: https://www.econbiz.de/10010321828
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Regime dependence, common shocks and the inflation-relative price variability relation
Castagnino, Tomás; D'Amato, Laura - 2008
Using frequency domain techniques to separate short and long run dynamics and decomposing inflation into its common and idiosyncratic components, we study the regime dependence of the inflation-RPV relation in Argentina and the USA. Under High inflation, strong long-run comovement between RPV...
Persistent link: https://www.econbiz.de/10010325092
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Interval Based Composite Indicators
Drago, Carlo - 2017
Composite indicators are increasingly important in country comparisons and in policy making. At the same time, the robustness of the results obtained and in particular of the rankings and the conclusions obtained from the analysis it is usually accepted with doubts. In this sense our proposal is...
Persistent link: https://www.econbiz.de/10011816745
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Time-scale transformations of discrete time processes
Jordà, Òscar; Marcellino, Massimiliano - 2003
This paper investigates the effects of temporal aggregation when the aggregation frequency is variable and possibly stochastic. The results that we report include, as a particular case, the well-known results on fixed-interval aggregation, such as when monthly data is aggregated into quarters. A...
Persistent link: https://www.econbiz.de/10010274321