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Rating Agencies and Sovereign Debt Rollover
Carlson, Mark; Hale, Galina B - In: Topics in Macroeconomics 6 (2006) 2
In order to explore how credit ratings may affect financial markets, we analyze a global game model of debt roll-over in which heterogeneous investors act strategically. We find that the addition of the rating agency has a non-monotonic effect on the probability of default and the magnitude of...
Persistent link: https://www.econbiz.de/10014588406
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A Cross-country Study of Corporate Financial Structure and the Flexibility Issue / Eine Querschnittsanalyse der Finanzstruktur von Unternehmen und der Flexibilitätsaspekt
Rivaud-Danset, Dorothée - In: Jahrbücher für Nationalökonomie und Statistik 221 (2001) 5-6, pp. 689-709
improves with liquidity. For non-financial firms, sources of liquidity are twofold: internal, by keeping cash, and external … financial system differences by focusing on corporate liquidity.  …
Persistent link: https://www.econbiz.de/10014608861
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Factors affecting European tourists’ satisfaction in Nha Trang city: perceptions of destination quality
Le, Cong Chi; Dong, Dam Xuan - In: International Journal of Tourism Cities 3 (2017) 4, pp. 350-362
in explaining European tourist satisfaction in Nha Trang city, which has one of the 29 most beautiful bays in the world … European visitors to Nha Trang and to increase satisfaction, as measured by their intention to return in the future. Design …/methodology/approach A sample of 356 European visitors participated in this study. A structural equation modelling was applied in order to …
Persistent link: https://www.econbiz.de/10014813752
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Contributions from European Symbolic Interactionalists: Reflections on Methods, Studies in Symbolic Interaction
Hartt, Christopher Michael - In: Qualitative Research in Organizations and Management: … 11 (2016) 4, pp. 302-304
Persistent link: https://www.econbiz.de/10014989237
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Going European from American: does style matter?
Pathak, Rajesh; Kumar, Satish; Ranajee, Ranajee - In: Managerial Finance 43 (2017) 4, pp. 471-487
is changed from American to European. Findings The study reports that the volatility smirk of European style options … underperform firms with flatter volatility smirks, by an average of 3.28 and 4.01 per cent annually for American and European … pronounced results of European options designate the trader’s preference to less risky European style stock options. Results are …
Persistent link: https://www.econbiz.de/10014941137
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Unterschiedliche makroökonomische Strukturen, wirtschaftliche Integration und einheitliche Geldpolitik in Europa / Asymmetrie Macroeconomic Structures, Economic Integration and the...
In: Jahrbücher für Nationalökonomie und Statistik 222 (2002) 1, pp. 1-21
Summary This paper reviews the literature on asymmetric monetary transmission within the European Monetary Union (EMU … decision-making of the European Central Bank (ECB). The transmission mechanism is then decomposed into several subsequent …
Persistent link: https://www.econbiz.de/10014608865
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Bailouts and Bank Runs in a Model of Crony Capitalism
Femminis, Gianluca; Ruggerone, Luigi - In: Contributions in Macroeconomics 4 (2004) 1
Abstract We present a simple multiple equilibria model that incorporates the functioning of crony capitalism. We find that a government which is keen to support the interests of the élite is ready to stand the risk of a bank run since this is part of an equilibrium where investments are heavily...
Persistent link: https://www.econbiz.de/10014588442
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Assessment of RES cooperation framework between the EU and North Africa
Papapostolou, Aikaterini; Karakosta, Charikleia; … - In: International Journal of Energy Sector Management 10 (2016) 3, pp. 402-426
Purpose The Renewable Energy Directive 2009/28/EC of the European Union provides another element to cross … between European and third countries in the field of electricity generation from RES. There are even less studies using …
Persistent link: https://www.econbiz.de/10014774122
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The effect of multi-level factors on MNEs' market entry success in a small emerging market
J. Perks, Keith; P. Hogan, Stephen; Shukla, Paurav - In: Asia Pacific Journal of Marketing and Logistics 25 (2013) 1, pp. 131-143
Purpose – Whilst earlier studies of market entry success factors have mostly focused on large emerging markets such as China or India, limited attention has been given to smaller emerging markets. The purpose of this paper is to identify the effects of firm-level (i.e. entry mode and firm...
Persistent link: https://www.econbiz.de/10014674807
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Country risk and valuation of US‐listed foreign IPOs
Wu, Congsheng - In: Managerial Finance 38 (2012) 10, pp. 939-957
Purpose – Many foreign firms have made their initial public offering (IPO) debuts in the USA, without first being listed in their home market. The purpose of this paper is to investigate the association of a wide range of country risk measures with the valuation of foreign IPOs....
Persistent link: https://www.econbiz.de/10014940261