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Promise, trust and betrayal: Costs of breaching an implicit contract
Levy, Daniel C.; Young, Andrew T. - 2020
We study the cost of breaching an implicit contract in a goods market. Young and Levy (2014) document an implicit contract between the Coca-Cola Company and its consumers. This implicit contract included a promise of constant quality. We offer two types of evidence of the costs of breach. First,...
Persistent link: https://www.econbiz.de/10012802799
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The (Ir)relevance of Disclosure of Compliance with Corporate Governance Codes-Evidence from the German Stock Market
Nowak, Eric; Rott, Roland; Mahr, Till G. - Institut für Schweizerisches Bankwesen <Zürich> - 2006
This paper studies the short- and long-run announcement effects of declaring compliance with the German Corporate Governance Code (the Code). We examine a unique, hand-collected data set of 317 German listed firms from 2002-2005. First, we present evidence from an analysis of firms compliance...
Persistent link: https://www.econbiz.de/10005858374
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Die internationale Vernetzung des Finanzplatzes Zürich
Geiger, Hans; Haas, Patrick; Wieler, Stefan - 2009
, dass der Finanzplatz Zürich zu den am stärksten vernetzten Finanzplätzen weltweit zählt (22. Rang bei der gesamten … Konnektivität). Die Untersuchung zeigt zudem, dass die vom Finanzplatz Zürich ausgehende Kontrolle beachtlich ist (4. Rang bei der … eine zusätzliche Untersuchung zur Rolle der Filialen durchgeführt. Es zeigt sich erneut, dass der Finanzplatz Zürich mit …
Persistent link: https://www.econbiz.de/10010315390
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Institutions, infrastructure, and trade
Francois, Joseph F.; Manchin, Miriam - 2007
We work with a panel of bilateral trade flows from 1988 to 2002, exploring the influence of infrastructure, institutional quality, colonial and geographic context, and trade preferences on the pattern of bilateral trade. We are interested in threshold effects, and so emphasize those cases where...
Persistent link: https://www.econbiz.de/10010294570
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Trade, gravity and sudden stops: On how commercial trade can increase the stability of capital flows
Cavallo, Eduardo A. - 2006
Financial stability is an important policy objective, since crises are associated with large economic, social and political costs. Promoting stability requires preventing 'sudden stops' in capital flows, which are events in which foreign financing abruptly disappears. This paper contributes to...
Persistent link: https://www.econbiz.de/10010278261
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Does openness to trade make countries more vulnerable to sudden stops, or less? Using gravity to establish causality
Cavallo, Eduardo A.; Frankel, Jeffrey A. - 2007
Openness to trade is one factor that has been identified as determining whether a country is prone to sudden stops in capital inflows, crashes in currencies, or severe recessions. Some believe that openness raises vulnerability to foreign shocks, while others believe that it makes adjustment to...
Persistent link: https://www.econbiz.de/10010278282
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Trade, gravity, and sudden stops: On how commercial trade can increase the stability of capital flows
Cavallo, Eduardo A.; Cavallo, Eduardo A. - 2005
Financial stability is an important policy objective since crises are associated with big economic, social, and political costs. Promoting stability requires preventing 'sudden stops' in capital flows, which are events in which foreign financing abruptly disappears. This paper contributes to the...
Persistent link: https://www.econbiz.de/10010397715
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India's global trade potential: The gravity model approach
Batra, Amita - 2004
Persistent link: https://www.econbiz.de/10011807561
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India in the Global and Regional Trade: Determinants of Aggregate and Bilateral Trade Flows and Firms' Decision to Export
Srinivasan, T. N.; Archana, Vani - 2009
This paper contributes to two strands of literature on empirical models of trade flows and trade policy. The first and the older strand is that of gravity models of bilateral trade flows going back to Hans Linneman (1966) and Tinbergen (1962) and its recent applications, particularly by Adams et...
Persistent link: https://www.econbiz.de/10011807638
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TRADE SPECIALISATION AND ECONOMIC CONVERGENCE:EVIDENCE FROM TWO EASTERN EUROPEAN COUNTRIES
Rault, Christophe; Caporale, Guglielmo Maria; Sova, Robert - William Davidson Institute <Ann Arbor, Mich.> - 2009
This paper analyses trade specialisation dynamics in two Eastern European countries(Romania and Bulgaria – EEC-2) vis-à-vis the core EU member states (EU-15) over theperiod 1990-2006. Specifically, we focus on whether there is a shift towards intra-industrytrade leading to economic...
Persistent link: https://www.econbiz.de/10009360508