This paper analyzes the financial effect of the enlargement of the European Union (EU) to include ten new Central and East European countries (CEECs) on firms' business and financial structures. We employ quantitative analytic techniques and financial ratios to discover whether firms in the new...

This work extends the AHP-Bayesian Prioritization procedure proposed by the authors for a local context (a single criterion) to a global context (a hierarchy) and presents a taxonomy of criteria that contribute to the ranking of the alternatives. In this global context, the paper defines and...

This article proposes a new methodology to estimate the Value at Risk (VaR) in a time varying heteroscedastic dynamic regression context. The methodology assumes that the form of the model and its information set may also change over time and takes into account the uncertainty associated with...

In this paper we deal with the problem of variable selection in spatiotemporal autoregressive (STAR) models with neighbourhood effects. We propose a procedure to carry out the selection process, taking into account the uncertainty associated with estimation of the parameters and the predictive...

An automatic monitoring and intervention algorithm that permits the supervision of very general aspects in an univariate linear gaussian state space model is proposed. The algorithm makes use of a model comparison and selection approach within a Bayesian framework. In addition, this algorithm...

El agua es un factor productivo imprescindible para el desarrollo de la actividad de los establecimientos hoteleros. El consumo por persona alojada en estos establecimientos suele ser elevado, ya que llega a superar hasta en tres veces el consumo medio de la población que reside en su propia...

This paper explores the financial performance of a mainstream socially responsible investment equity index in emerging markets: the Brazilian Corporate Sustainability Index. The results indicate that investors in emerging markets could accommodate their ethical values while at the same time not...

<title>Abstract</title> This paper aims to determine why consumer purchasing of fast moving consumer goods varies over time in Spain. More specifically, our objective is to explain multiple-store shopping in the households belonging to the Spanish Nielsen Homescan consumer panel that provides information about...

The European Union Emissions Trading Scheme (EU ETS) is the first and largest international scheme for the trading of greenhouse gas emission allowances (European Union Allowances (EUA)). Considering that the global economic crisis is hurting corporate profits, analysing the implications of CO₂...

The need of retrospective predictions arises in situations such as litigations, inheritances or fiscal purposes to provide the fair market value of a dwelling of given characteristics and specific location. In this paper, a Bayesian method to carry out this retrospective analysis is proposed by...