Showing 1 - 10 of 490
Purpose – The purpose of this paper is to explore the long‐run relation and short‐run dynamic correlations between consumption expenditure and household wealth, namely housing wealth and stock wealth. Design/methodology/approach – This paper adopts aggregate time‐series data over the...
Persistent link: https://www.econbiz.de/10014971798
Purpose – The objective of this study is to test whether financial flexibility has value. Using the current financial crisis, the authors investigate whether firms that built up financial flexibility over the years preceding the crisis yield superior performance during the financial crisis....
Persistent link: https://www.econbiz.de/10014766468
Purpose – This study aims to propose the idea of which macro-factors and how the macro-factors impact on the gold price …. Design/methodology/approach – An EGARCH model is applied to test the volatility of gold price. A VAR method is applied to … validate the idea by decomposing gold's value into three parts according to its features. Findings – Three macro-factors have …
Persistent link: https://www.econbiz.de/10014694691
Purpose – The recurrence of banking crises throughout the 1980s and 1990s, and in the more recent 2008‐09 global financial crisis, has led to an expanding empirical literature on crisis explanation and prediction. The purpose of this paper is to provide an analytical review of proxies for...
Persistent link: https://www.econbiz.de/10014866853
Purpose – Study of the interdependence among economies is of considerable importance. This area includes issues such as the increasing importance of regional economic interactions, the effects of economic growth and recession in the advanced economies on emerging market countries, and...
Persistent link: https://www.econbiz.de/10014866861
Persistent link: https://www.econbiz.de/10014866894
Purpose – The recent global financial crisis has demonstrated the susceptibility of local economies to the global market system and its idiosyncrasies. While liberalisation of financial markets was initially deemed essential to ease access to cheap capital, it has demonstrated the potential to...
Persistent link: https://www.econbiz.de/10014886265
Purpose – The purpose of this research is to empirically analyze the influence of the financial crisis on the investment behavior of sovereign wealth funds (SWFs). Design/methodology/approach – Using 615 deals from 20 SWFs, a series of research are designed and conducted to compare the SWFs'...
Persistent link: https://www.econbiz.de/10014694485
Purpose – Previous academic literature indicates that the case of the banking crises recovery, in view of implemented regulations and policies, differs across times and countries. This is explained by varied institutional environments in which banking sectors operate, and in which financial...
Persistent link: https://www.econbiz.de/10014988281
Purpose – The current paper aims to expand an empirical assessment of correlations of the stock exchange in Poland with other stock markets and foreign economies. The paper attempts to explore international spillover effects during the current financial crisis. Design/methodology/approach –...
Persistent link: https://www.econbiz.de/10014988286