Showing 1 - 10 of 581
The fact that multinational companies operate (MNCs) in more than one country can be expected to lead to a weaker bargaining position for labour. However, there are hopes that these companies may, under certain circumstances, transfer good employment practices from their home countries. This...
Persistent link: https://www.econbiz.de/10012296802
Persistent link: https://www.econbiz.de/10012204911
Persistent link: https://www.econbiz.de/10014232551
One particularly significant piece of labour legislation in India is the Contract Labour (Regulation and Abolition) Act … referred to as 'contract' labour in India. This paper seeks to examine this Act and its implication for manufacturing … employment in India. While empirical evidence seems to indicate the presence of large number of 'contract' workers in the Indian …
Persistent link: https://www.econbiz.de/10010530684
Persistent link: https://www.econbiz.de/10003996319
Persistent link: https://www.econbiz.de/10003605624
Persistent link: https://www.econbiz.de/10003557534
We test one of the main predictions of the financial flexibility paradigm that expectations about future firm-specific shocks affect the firm's leverage. We extract the expectations of small and large future shocks from the market prices of equity options. We find that expectations for future...
Persistent link: https://www.econbiz.de/10010472840
We study the real-time characteristics and drivers of jumps in option prices. To this end, we employ high frequency data from the 24-hour E-mini S&P 500 options market. We find that option prices do not jump simultaneously across strikes and maturities and are uncorrelated with jumps in the...
Persistent link: https://www.econbiz.de/10010472845
We propose a new predictor of real economic activity (REA), namely the representative investor's implied relative risk aversion (IRRA) extracted from S&P 500 option prices. IRRA exploits the forward-looking information in option prices. It increases as risk averse investors enter the market,...
Persistent link: https://www.econbiz.de/10010499597