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Volksvertreter sind risikofreudiger als das Volk

Heß, Moritz; Scheve, Christian von; Schupp, Jürgen; … - In: DIW-Wochenbericht : Wirtschaft, Politik, Wissenschaft 80 (2013) 10, pp. 17-21

überdurchschnittlich risikofreudig; sie sind sogar deutlich risikofreudiger als Selbständige. Man kann dies kritisch sehen: Politiker sind … bereit, höhere Risiken einzugehen, als es die Bevölkerung im Durchschnitt tun würde. Insofern sind Politiker keine …The article analyzes the question of whether career politicians differ systematically from the general population in …

Persistent link: https://www.econbiz.de/10010097937

Who contributes? : a strategic approach to a European immigration policy

Russo, Giuseppe; Senatore, Luigi - In: IZA journal of migration : IZAJOM 2 (2013), pp. 1-16

Who pays for immigration control? According to the Lisbon Treaty the cost of enforcing the European border against illegal immigration shall be shared among the EU members. Nonetheless, the Treaty is vague with respect to the “appropriate measures” to adopt in order to distribute the...

Persistent link: https://www.econbiz.de/10010186095

The stock selection problem : is the stock selection approach more important than the optimization method? : evidence from the Danish stock market

Grobys, Klaus - In: Journal of applied finance & banking 1 (2011) 1, pp. 143-162

Passive investment strategies basically aim to replicate an underlying benchmark. Thereby, the management usually selects a subset of stocks being employed in the optimization procedure. Apart from the optimization procedure, the stock selection approach determines the stock portfolios's...

Persistent link: https://www.econbiz.de/10009958479

Market timing and statistical arbitrage : which market timing opportunities arise from equity price busts coinciding with recessions? : the Swedish stock market in the financial crises 2008

Grobys, Klaus - In: Journal of applied finance & banking 1 (2011) 1, pp. 53-81

Even though a random walk process is from a statistical point of view not predictable, some movements can be correlated with specific events concerning other variables. Then, predictable patterns may arise being dependent on this joint event. There is evidence given that equity price busts being...

Persistent link: https://www.econbiz.de/10009958483

Self-employment in Chile, long run trends and education and age structure changes

Puentes, Esteban; Contreras, Dante; Sanhueza, Claudia - In: Estudios de economía 34 (2007) 2, pp. 203-247

This paper studies long-term trends of self-employment in Chile. Self-employment is associated with poor job conditions, vulnerability, and instability or informal labor market. Contrary to what is expected, self- employment level does not respond to macroeconomic variables. Using forty-one...

Persistent link: https://www.econbiz.de/10009959080

Using the value at risk method in estimation of investment risk in the metallurgical sector companies

Miłoś, Ewa - In: E-Finanse : finansowy kwartalnik internetowy 7 (2011) 1, pp. 37-48

The aim of this paper is to analyze the merits of using the Value At Risk method in estimating the risk associated with investments in metallurgical sector companies. The paper presents how to construct the model, various methods of its estimation and their advantages and disadvantages. In the...

Persistent link: https://www.econbiz.de/10009959707

Implementation of the stress test methods in the retail portfolio

Siarka, Pawel - In: Journal of applied finance & banking 2 (2012) 6, pp. 15-29

Article refers to the issue of credit risk management in commercial banks. Particular attention is paid to the problem of stress testing. In addition, methods are presented that allow prediction of the losses of the portfolio in the context of extreme events relating to the crises of financial...

Persistent link: https://www.econbiz.de/10010118427

Impact of economic reform on the Nigerian telecommunications sector

Babatunde, Onakoya Adegbemi - In: Advances in management & applied economics 3 (2013) 3, pp. 141-154

In the early days of nationalization, it seemed axiomatic that price and quality standards could be better managed by State Owned Enterprises (SOE). Subsequent experience, however demonstrates that public ownership and control are different as the challenges of imposing effective public...

Persistent link: https://www.econbiz.de/10010148035

Banking Intermediation and Economic Growth : Some Evidence from MENA Countries

Taha, Zaghdoudi; Anis, Ochi; Hassen, Soltani - In: Advances in management & applied economics 3 (2013) 4, pp. 51-57

In this paper, we’ll try to study the impact of banking intermediation on the economic growth in ten countries in the MENA region over the period 1990–2009 using the method of GMM estimation for dynamic panels. Our results generally show a negative correlation between all variables of...

Persistent link: https://www.econbiz.de/10010148060

Using intraday statistics for the estimation of the return variance

Reschenhofer, Erhard - In: Journal of finance and investment analysis 2 (2013) 2, pp. 1-13

This paper proposes new estimators for the daily return variance which are based on common intraday statistics (opening, high, low, and closing prices). These estimators utilize information contained in products of absolute values of uncorrelated intraday statistics. An empirical study of nine...

Persistent link: https://www.econbiz.de/10010148298