Showing 1 - 10 of 24
This paper provides an empirical test of the Fisher effect and of the real interest parity. The objetive is to determinate the behavior of the ex-ante real interest that condicionate the intertemporal savings and investment decisions. The method used is the time series properties of the data,...
Persistent link: https://www.econbiz.de/10005812845
Within a global frame leading to the elaboration of an interest rate risk pricing model applicable to financial … institutions which takes the basis risk into account, the current paper analyses the long-term impact of the most representative …
Persistent link: https://www.econbiz.de/10008553099
It is argued that in Mexico there is not a fear of floating in the Calvo-Reinhart sense and that the market, as a result of the monetary policy instrument (corto), has determined a reatively stable exchange rate and more volatile interest rates. Thus, thé instantaneous interest rate response to...
Persistent link: https://www.econbiz.de/10008493916
This paper analyzes the relationship between the dividend and debt policies, firm risk and the director’s ownership …. Firstly, the results show that the payment of dividends reduces the risk and the leverage, and increases the ownership …. Secondly, the firm risk presents a negative effect on the debt ratio and on the payment of dividends and a positive …
Persistent link: https://www.econbiz.de/10005212513
This paper analyzes the effect of the power of the chairman and CEO on firm risk. As proxies of power several variables … being founders, their tenure, their shareholding and the size of the board. Risk has been measured by the systematic and the … Spanish market. Results show that the fact of being founders and the accumulation of titles increases risk and the size of the …
Persistent link: https://www.econbiz.de/10005212539
This research examines the effect of uncertainty o­n farmers’ water trading decisions in the Limarí River basin. The results show that farmers who face greater risks from water supply shortfalls, such as perennial crop farmers, will not participate in spo
Persistent link: https://www.econbiz.de/10005730189
Several studies have shown that the contrarian strategy, or the forming of a zeroinvestmentportfolio that buys the stocks that have performed poorly in the past (losers) andsells those that have performed well (winners), creates abnormally positive returns in thefuture. Many hypotheses have been...
Persistent link: https://www.econbiz.de/10005812843
. The aim of the paper is to study how these agents deal with risk and uncertainty, the source of the problems of the …, because imposes its intellectual foundation to a world that operates in situations involving risk that are systematically …
Persistent link: https://www.econbiz.de/10008539905
Carta a un Ministro
Persistent link: https://www.econbiz.de/10004996515
considerados y tramos de edad. = The study of the premium risk in the car insurance is really important because the insurance … market is very competitive. In this article we show a bonus-malus method of risk premiums. To do this, we use the Functional … applying the bonus-malus method that we have given, we are able to obtain the premium risk for different profiles and age …
Persistent link: https://www.econbiz.de/10005403973