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The empirical relation between credit quality, recovery and correlation
Rösch, Daniel; Scheule, Harald - 2009
correlation. …
Persistent link: https://www.econbiz.de/10010276410
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Inference for rank-rank regressions
Chetverikov, Denis N.; Wilhelm, Daniel - 2023
Slope coefficients in rank-rank regressions are popular measures of intergenerational mobility, for instance in regressions of a child's income rank on their parent's income rank. In this paper, we first point out that commonly used variance estimators such as the homoskedastic or robust...
Persistent link: https://www.econbiz.de/10014480485
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The pattern and valuation effects of corporate diversification: A comparison of the United States, Japan, and other East Asian economies
Claessens, Stijn; Djankov, Simeon; Fan, Joseph; Lang, Larry - 2001
related businessesas measured by the degree of vertical relatedness and complementaritythan firms in the USA. Using data for … valuation of USA and Japanese firms. Complementary diversification is not detrimental to corporate value, and even enhances … value in the USA, Japan, Korea, and Singapore. …
Persistent link: https://www.econbiz.de/10010279186
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Reluctant US vs ambitious German direct investment in China: The tale of two strategies
Langhammer, Rolf J. - 2022
Der Autor zeigt, dass die USA als weltgrößter Auslandsinvestor bislang die dynamischste Gastregion Ostasien … Ausrichtung - USA im Dienstleistungssektor, Deutschland im Verarbeitenden Gewerbe-, (2) Unterschiede im regulatorischen Rahmen zum … Schutz der nationalen Sicherheit in den beiden Herkunftsländern - in den USA viel stärker als in Deutschland, insbesondere …
Persistent link: https://www.econbiz.de/10012875993
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Long-term benefits from investing in international real estate
Schindler, Felix - 2009
bivariate testing for cointegration and correlation analysis. The results indicate that there exist strong long …
Persistent link: https://www.econbiz.de/10010298795
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Estimating LGD correlation
Witzany, Jiří - 2009
The paper proposes a new method to estimate correlation of account level Basle II Loss Given Default (LGD). The … correlation determines the probability distribution of portfolio level LGD in the context of a copula model which is used to … we apply the maximum likelihood method to estimate the best correlation parameter. The method is applied and analyzed on …
Persistent link: https://www.econbiz.de/10010322333
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Social capital and the labor market
2015
Persistent link: https://www.econbiz.de/10014306504
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Do survey indicators let us see the business cycle? A frequency decomposition
Dresse, Luc; Van Nieuwenhuyze, Christophe - 2008
This paper uses a frequency domain approach to gain insight into the correlation between survey indicators and year … of the correlation between survey indicators and year-on-year GDP growth at the different frequencies to explain their … overall correlation. We show that survey indicators, similar to year-on-year GDP growth, do not perfectly reflect business …
Persistent link: https://www.econbiz.de/10011506652
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Common influences, spillover and integration in Chinese stock markets
Weber, Enzo; Zhang, Yanqun - 2008
The Chinese stock market features an interesting history of divided market segments: domestic (A), foreigners' (B) and overseas (H). This puts forth questions of market integration as well as cross-divisional information transmission. We address these issues in a structural DCC framework, an...
Persistent link: https://www.econbiz.de/10010263757
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Economic development and government spending: An exploration of Wagner's hypothesis during fifty years of growth in East Asia
Mohammadi, Hassan; Ram, Rati - In: Economies 3 (2015) 4, pp. 150-160
Applicability of Wagner's hypothesis to six East Asian countries is studied for a period of nearly a half-century during which their economic growth has often been termed as a "miracle". Despite the high rates of growth in most cases, there is little indication to support the hypothesis except...
Persistent link: https://www.econbiz.de/10011708708