Showing 1 - 10 of 19
Purpose The purpose of this paper is to examine whether the purchasing power parity (PPP) holds for countries in the West African Monetary Zone (WAMZ). Design/methodology/approach The author uses time series and panel data techniques. Findings Overall, the evidence is inconclusive. The time...
Persistent link: https://www.econbiz.de/10014788798
Summary In the aftermath of Germany’s reunification, redesigning their product range was a major challenge for East-German enterprises. At the same time, there were growing signs that Western enterprises reacted to globalization and European integration by increasingly pursuing strategies of...
Persistent link: https://www.econbiz.de/10014609140
Abstract We consider the problem of maximizing the utility of consumption and terminal wealth in a geometric Ornstein–Uhlenbeck market. We calculate the optimal consumption and wealth processes for power, logarithmic and exponential utility as well as their behavior depending e.g. on...
Persistent link: https://www.econbiz.de/10014622213
Purpose – The purpose of this paper is to study the pricing efficiency of convertible bonds and arbitrage opportunities between the convertible bonds and the underlying stocks thus improve market efficiency. Design/methodology/approach – Using nonparametric fixed effect panel data model, the...
Persistent link: https://www.econbiz.de/10014694547
Although colleges and universities are facing increased scrutiny to demonstrate a return on investment for their students, the demand for college-educated workers continues to grow. As of 2010, the U.S. Census Bureau estimated that more than one-fifth of Americans age 25 and older—around 43.5...
Persistent link: https://www.econbiz.de/10012045369
There is ample evidence that the frequency of price adjustments differs substantially across sectors. This paper introduces sectoral heterogeneity in price stickiness into an otherwise standard sticky price model to study how it affects the dynamics of monetary economies. Qualitative and...
Persistent link: https://www.econbiz.de/10014588479
Summary This paper investigates the role of early life adversity and home resources in terms of competence formation and school achievement based on data from an epidemiological cohort study following 364 children from birth to adolescence. Results indicate that organic and psychosocial risks...
Persistent link: https://www.econbiz.de/10014609455
effects of modifying the direct impact of daily innovations on volatility and reducing the estimated overall persistence of …
Persistent link: https://www.econbiz.de/10014620805
net income in the form of non-core earnings. Consequently, the purpose of this paper is to examine the persistence and … predict the performance of the next year ( t +1). However, only the persistence of current core earnings is valued by the …. Practical implications – The persistence of non-core earnings is certainly less important than that of core elements but able to …
Persistent link: https://www.econbiz.de/10014838130
/methodology/approach – Using keyword persistence, a time-based measure, and keyword dominance, a frequency-based measure, the authors constructed …
Persistent link: https://www.econbiz.de/10014860368