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volatility and persistence using the Hurst exponent. We determined the peaks, downturns and duration of the money laundering …
Persistent link: https://www.econbiz.de/10012221542
This paper investigates how the degree of managerial expropriation affects equity volatility of individual firms. We … two countervailing forces. First, in response to stronger corporate governance, a reduction in managerial expropriation … increases equity valuation and decreases equity volatility. Second, lower managerial expropri- ation induces managers to take on …
Persistent link: https://www.econbiz.de/10012851732
In the present paper an empirical analysis will point out that shadow economy can affect stock prices. The sample covers most industrialized world. Data are taken from Eurostat and (Schneider et al., 2010); (Schneider, 2013). The elaboration of these panel data is made feasible by means of the...
Persistent link: https://www.econbiz.de/10014151758
We investigate the relation between the quality of institutions and macroeconomic volatility. Using instrumental … variable regressions, we show that higher barriers to entry lead to higher volatility. In particular, a one standard deviation … the contrary, property rights protection has no statistically significant effect on volatility …
Persistent link: https://www.econbiz.de/10014216941
This paper provides a review of the general concepts and influential findings of empirical research on risk-coping behavior and consumption smoothing arrangements in rural economies of developing countries. Low-income individuals live with high levels of risk and limited access to formal...
Persistent link: https://www.econbiz.de/10014052089
Persistent link: https://www.econbiz.de/10014372083
; it offers granular descriptions of income inequality and income dynamics for finely defined subpopulations; and it is de … and presents a set of global trends in income inequality and income dynamics across the 13 countries that are currently in …
Persistent link: https://www.econbiz.de/10014306231
This paper uncovers ongoing trends in idiosyncratic earnings volatility across generations by decomposing residual …
Persistent link: https://www.econbiz.de/10011373215
This paper uncovers ongoing trends in idiosyncratic earnings volatility across generations by decomposing residual …
Persistent link: https://www.econbiz.de/10011373904
Persistent link: https://www.econbiz.de/10011449192