Showing 1 - 10 of 115
This paper examines the intra‐industry effects of 120 stock split announcements within the insurance industry between 1985 and 2006. Our results of the valuation effects are suggestive of dominant competitive effects for stock splits by insurance companies, especially life insurers, thus...
Persistent link: https://www.econbiz.de/10014668287
Purpose – The purpose of this research is to contribute to the development of an effective incentive policy implementation model, through an in-depth analysis of the stock option and/or stock grant schemes adopted by the major Italian banking groups. Design/methodology/approach – Out of the...
Persistent link: https://www.econbiz.de/10014988353
on the volatility of the German DAX. Moreover, the intraday volatility of the DAX index has a U-shaped form, which has … also been identified for other international stock markets. Major reactions of both returns and volatility occur within the …
Persistent link: https://www.econbiz.de/10014609130
IOSCO joint recommendations as the derivative and risk management disclosure benchmark. Based on our constructed disclosure … the extent to which accounting regulations for derivative instruments are operational. Hong Kong banks have the highest … level of disclosure relative to developing countries. The transparency of derivative activities by the banks is expected to …
Persistent link: https://www.econbiz.de/10014676302
this study. Findings – The paper finds that the 50 largest US firms use this derivative mainly for hedging purpose. This is …
Persistent link: https://www.econbiz.de/10014940277
Abstract The objective of this paper is to study when and how much labor and capital income of heirs respond to inheritances. We estimate fixed effects models following direct heirs, inheriting in 2004, during the years 2000--2008 using Swedish panel data. Our first main result is that the more...
Persistent link: https://www.econbiz.de/10014586925
This paper applies non-linear methods to analyze and predict the daily VIX index which is one of the most important stock indexes in the world. The aim of the analysis is to quantitatively show if the corresponding time series is a deterministic chaotic one and if one or more days ahead...
Persistent link: https://www.econbiz.de/10012047129
results show that the incidence of informal employment is directly linked with EPL, volatility, and labor bargaining power. We …
Persistent link: https://www.econbiz.de/10014585145
estimation methodology, we investigate the degree and direction of dissemination in the volatility of economic growth. Our …’s economic growth volatility to affect other countries. Thus, an economic recession for example in one country, does not affect … all countries equally across regime type. Second, growth volatility is not simply a North-South phenomenon, but a South …
Persistent link: https://www.econbiz.de/10014588419
Abstract This paper uses a dynamic framework of a small open economy to study the volatility effects of partially … stabilizing, i. e. lead to a lower volatility than a fully anticipated monetary policy shock of the same form. (ii) However, we …
Persistent link: https://www.econbiz.de/10014609557