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...

This paper analyzes long-run co-movements between international real estate stock markets and between regions based on bivariate and multivariate tests for cointegration. While the topic has been analyzed in previous studies such as Gallo and Zhang (2009) and Yunus (2009) among others, this...

In this paper, we study the return on investments in mining for a whole century, starting in the "Golden Age" of resource exploitation in the late nineteenth century. We use a sample of more than 1,000 mining companies, registered on the London Stock Exchange 1869- 1969, but operating on all...

The author investigated the main methods used for making IT-related investment decisions. In the view of these methods it can be said that no method was found that would help to make investment decisions 'routinelike'. The use of traditional financial indicators – which would be suitable for...

Information asymmetries make it difficult for banks to assess accurately whether specific entrepreneurs are able and/or willing to repay their loans. This leads to implicit interest rate ceilings, i.e. banks refuse to increase their interest rates beyond this ceiling as this would lower their...

Global food markets demand the adoption of food standards by small-scale farmers in developing countries when they enter international markets. While a conventional certification with GlobalGAP can be a market entry condition for conventional food, especially for horticultural products, organic...

In this paper we estimate the rate of return to firm investments in human capital in the form of formal job training. We use a panel of large firms withun usually detailed information on the duration of training, the direct costs of training, and several firm characteristics such as their...