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The objective of this paper is to classify a group of EMU countries according to the main determinants of long-term sovereign bond yields. We apply the Classification and Regression Tree method (CART). According to the findings, countries with lower inflation, a lower debt to GDP ratio, a lower...
Persistent link: https://www.econbiz.de/10011517129
Persistent link: https://www.econbiz.de/10010488476
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The objective of this paper is to classify a group of EMU countries according to the main determinants of long-term sovereign bond yields. We apply the Classication and Regression Tree method (CART). According to the findings, countries with lower inflation, a lower debt to GDP ratio, a lower...
Persistent link: https://www.econbiz.de/10012903072
The aim of this paper is to analyze the effects of corruption and the shadow economy on innovation in the Spanish regions between 2000 and 2012. For this purpose, we use different proxies to approximate corruption and the shadow economy. We find evidence that corruption negatively influences...
Persistent link: https://www.econbiz.de/10012868937
The aim of this paper is to examine whether innovative effort is a key driver of the financial performance of a set of 3860 Spanish companies in a context of financial crisis. For this purpose, we use contrarian case analysis and configural analysis using fuzzy-set qualitative comparative...
Persistent link: https://www.econbiz.de/10012868938
This paper analyzes the relationship between corporate performance and innovative effort for a set ofSpanish companies during the 2007–2013 period. For this purpose, we use a panel data model. We findevidence that the return on equity (ROE) and, in particular, sales revenues are positively...
Persistent link: https://www.econbiz.de/10012868940
The aim of this paper is to analyze the relation between maturity structure, sovereign bond yields and sovereign risk in the Economic and Monetary Union for the period of 1990–2013. The results confirm the existence of an inverse relationship between sovereign bond yields, sovereign risk and...
Persistent link: https://www.econbiz.de/10012868943
The aim of this paper is to analyze whether internet activity, as measured through Google data, influences the evolution of sovereign bond yields. For this purpose, we focus on ten European countries. We run VAR models and Granger causality tests between the Google Search Volume Index (GSVI) and...
Persistent link: https://www.econbiz.de/10012868945
The aim of this paper is to study the determinants of sovereign debt maturity for 23 European countries during the period between 1995 and 2013. For this purpose, we use quantile regressions with robust standard errors clustered by countries to consider the impact of the determinants in the...
Persistent link: https://www.econbiz.de/10012868953