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This dissertation documents the positive relationship between financial distress and equity issuance and shows that dilution explains the low stock returns of distressed firms. When the cross-section of firms is sorted by degree of distress, the value-weighted mean of the monthly net issuance...
Persistent link: https://www.econbiz.de/10009438585
A variety of research projects have been done on some aspect of Search Engine Optimisation (SEO) and on website … usability. At the same time the literature has indicated that SEO is crucial as a marketing channel to exploit the Internet …'s commercial potential. In addition, it has been discovered that website stickiness is just as important as SEO. However, both …
Persistent link: https://www.econbiz.de/10009447183
We study the role of corporate governance in abnormal returns around announcements of seasoned equity offerings (SEOs) by publicly traded U. S. firms from 2001 - 2004. We find that investors react more positively for firms in which different people hold the CEO and board chairman positions. We...
Persistent link: https://www.econbiz.de/10009458997
Bedeutungzu. In diesem Beitrag wird untersucht, inwiefern das klassische Kapitalwertkriteriumund der Realoptionsansatz einen … Investitionstheorieund gemäß dem Realoptionsansatz bestimmt wurden. Bei der Bestimmung der normativenBenchmarks wird die individuelle … Risikoeinstellung der Teilnehmer berücksichtigt. DieErgebnisse zeigen, dass der Realoptionsansatz besser als das Kapitalwertkriterium …
Persistent link: https://www.econbiz.de/10009442716
The study of demographic trends in sub-Saharan Africa though crucial in the assessment of the impact of population size and growth on the overall socio-economic development in the region, has received the least attention due to lack of reliable data for most of the countries. This paper focuses...
Persistent link: https://www.econbiz.de/10009438868
Morocco and Tunisia have both achieved robust economic growth over the last 30 years by utilizing prudent economic … Morocco and Tunisia have transformed both from economically challenged debt-burdened nations into technologically advanced … Tunisia one of 5.1%. To put that in perspective, the World as-a-whole has grown at 2.0% per year and the United States at 1 …
Persistent link: https://www.econbiz.de/10009439124
evidence of inefficient use of energy in Tunisia, since environmental pressure tends to rise faster than economic growth … mutual causality in the long-run implying that Tunisia is an energy dependent economy.From a policy perspective, policy … makers in Tunisia should be mindful that a persistent decline in environmental quality may exert negative externalities to …
Persistent link: https://www.econbiz.de/10009444799
Tunisia, since environmentalpressure tends to rise faster than economic growth. In theshort run, results support the argument … response do notconfirm the hypothesis that an increase in pollution levelinduces economic expansion. Although Tunisia has …
Persistent link: https://www.econbiz.de/10009445698
Capital account liberalization and exchange rate regime choice, what scope for flexibility in Tunisia? This study … model framework, Tunisia’s exchange rate regime choice is cast in terms of strategic interactions between the monetary …
Persistent link: https://www.econbiz.de/10009477444
The objective of this paper is to set a complete ex-ante evaluation to support Decision Makers in designingmore efficient and effective agri-environmental contracts, through an integrated modelling of elements ofprivate and public decision making. Ex-ante comparison of policy design options in...
Persistent link: https://www.econbiz.de/10009446276