We study the impact of both microeconomic factors and the macroeconomy on the financial distress of Chinese listed companies over a period of massive economic transition, 1995 to 2006. Based on an economic model of financial distress under the institutional setting of state protection against...

We propose and estimate an economic model of regional housing markets in England andWales, incorporating both the macroeconomic relationships between prices, demand and supply and a microeconomic model of search, matching and price formation. The empirical model, estimated separately for each of...

This Paper considers empirical work relating to models of firm dynamics. It is shown that a hazard regression model for firm exits, with a modification to accommodate age-varying covariate effects, provides an adequate framework accommodating many of the features of interest in empirical studies...

This paper proposes a methodology for estimation of spatial weights matrices which are consistent with a given or estimated pattern of spatial autocovariance. This approach is potentially useful for applications in urban, environmental, development, growth and other areas of economics where...

This study investigates why financial analysts participate in non-covered firms’ conference calls. Consistent with the view that firms benefit from information commonalities and complementarities with connected peers, we hypothesize that analysts are more likely to participate in a non-covered...

To control land subsidence due to groundwater withdrawal, it is important to estimate allowable withdrawn volume of groundwater in a soft deposit. This technical note presents a simple approach for estimating the allowable withdrawn volume of a deposit. A regression analysis method was used...