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We study 852 companies with dividend reinvestment plans in 1999 matched by total assets to 852 companies without such plans. We use discrete choice methods to predict the classification of these companies. We interpret the misclassified companies as being likely to switch their plan status. That...
Persistent link: https://www.econbiz.de/10010292321
clustering effects. Such clustering of firms in foreign markets has been documented in the empirical literature on foreign direct …
Persistent link: https://www.econbiz.de/10010295633
We performed a comprehensive time series segmentation study on the 36 Nikkei Japanese industry indices from 1 January 1996 to 11 June 2010. From the temporal distributions of the clustered segments, we found that the Japanese economy never fully recovered from the extended 1997-2003 crisis, and...
Persistent link: https://www.econbiz.de/10010305849
The rise of global value chains (GVC) across sectors raises new challenges to the analysis of countries' competitiveness and their industries. This paper analyzes how the leather-footwear complex is positioned in the global market after the reconfiguration of the international market occurred...
Persistent link: https://www.econbiz.de/10011372216
proximity based on almost 600,000 individual transactions. The findings indicate that significant clustering occurs in time and … across industries, while the results on geographic clustering are mixed. This supports the view that merger waves are mostly …
Persistent link: https://www.econbiz.de/10010323914
) a Zidane clustering theorem is derived. It is argued that the best midfielder is most efficiently allocated when … would occur on the players market. Obviously, such a clustering effect negatively affects the competitive balance. It is … shown that the clustering effect must be compensated by decreasing marginal revenue for sporting success in order to restore …
Persistent link: https://www.econbiz.de/10010327290
The potential benefits of the geographical clustering of economic activity have been well documented in the literature … markets. Using data on the population of all firms in Cambodia we investigate the pattern of firm clustering and explore the … and investigate the types of firms that benefit or suffer as a result of geographical clustering. We find strong negative …
Persistent link: https://www.econbiz.de/10010343242
networks, such as connectivity, clustering, and the degree of the players, help to predict informed behavior in the lab. People …
Persistent link: https://www.econbiz.de/10010352268
In this paper we explore the extent to which firms experience productivity spillovers from clustering using a rich data … from clustering. The effects of these spillovers are found to be particularly large for foreign-owned firms. Our results … provide support for spatial clustering policies in developing countries aimed at attracting foreign investment. …
Persistent link: https://www.econbiz.de/10010352723
We propose a novel observation-driven dynamic finite mixture model for the study of banking data. The model accommodates time-varying component means and covariance matrices, normal and Student's $t$ distributed mixtures, and economic determinants of time-varying parameters. Monte Carlo...
Persistent link: https://www.econbiz.de/10011586681