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We study the extent to which the impact of tail risk spillovers, originating in the financial sector and affecting real-economy firms, depends on the level of cash holdings and the financial conditions of the firm. Empirical evidence on 4,320 firms located in 16 European countries, from 2003 to...
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The asset management industry has marketed for years this idea of "disciplined investing" through Systematic Investment … prudent investment strategy that reduces risk avoiding market timing. But this idea has many opponents, that strongly support …
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This paper studies the effect of foreign direct investment (FDI) on the transmission of international business cycles … synchronized investment cycles. I also find that the relation between FDI integration and synchronization of gross domestic product … unambiguously increases investment synchronization while the effect on GDP synchronization is ambivalent. Due to mismeasurement of …
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