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A version of the Black and Scholes dividend yield experiment is conducted, with a view to determining whether there exists a preference for dividends versus capital gains. Using data from the 1960s the experiment reveals a relatively large relationship between dividend yields and risk-adjusted...
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In this paper we analyze the Chilean Stock Market's efficiency level. The efficiency concept, relates financial asset … economic decision making process. To corroborate the stock market efficiency we used a theorical model for financial asset …
Persistent link: https://www.econbiz.de/10005619423
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the size premium. An analysis of seasonality shows that, rather than being consistent throughout the year, anomaly returns …
Persistent link: https://www.econbiz.de/10011077776
This work studies the impact of public environmental spending in a fiscal federalist framework. The main question is studying when the centralization of this public economic function is welfare improving. Applying the Stochastic Frontier Approach (SFA) on Italian, Portuguese and Slovakian data,...
Persistent link: https://www.econbiz.de/10010858383
The design of environmental spending at the national or local level stands on the concept of subsidiarity and on the theory of fiscal federalism. The main question is, so forth, studying when centralization of a public economic function, such as the protection of the environment, is welfare...
Persistent link: https://www.econbiz.de/10011108974
Technical, allocative, and economic input efficiency scores were estimated for an unbalanced panel of Swedish dairy … parametric form to be chosen. The average DEA technical, allocative and economic efficiency indices were eventually found to be 0 ….77, 0.57, and 0.43 respectively. The influence of size on the efficiency scores was analyzed and significant evidence …
Persistent link: https://www.econbiz.de/10005476810
Are Information and Communication Technology (ICT) and Research & Development (R&D) productive inputs or efficiency …&D are used once as inputs, once as efficiency determinants (Coelli et al., 1999). The results show that the rates of return …. We also documented that ICT and R&D contribute positively to explain the efficiency scores. …
Persistent link: https://www.econbiz.de/10010928896