This paper investigates the role of economic and political volatility in the process of corporate tax … a number of measures of economic and political volatility. The fundamental testable prediction derived from the … theoretical model is that increased volatility should reduce a country’s corporate tax rate. Our results support the hypothesis …

This paper constitutes a first analysis on stock returns and stock return volatility of energy corporations from the … European utilities, they lead to an appreciation of oil and gas stocks. Most importantly, we show that oil market volatility … negatively affects European oil and gas stocks. In contrast, energy stock volatility is not driven by volatility of the resource …

differences of opinion is left, and hence volatility is decreased. …

volatility for Romanian Financial Investments Funds. There is a large debate on this topic. The empirical results of previous … has a larger impact on daily volatility compared to the influence of number of transactions which could be considered as a …

In this paper, we introduce a new approach for volatility modeling in discrete and continuous time. We follow the … stochastic volatility literature by assuming that the variance is a function of a state variable. However, instead of assuming …

distribution of volatility estimators involving data sampled at different frequencies. We focus on traditional historical … volatility filters involving monthly, daily and intra-daily observations. Second, we introduce a continuous record asymptotics … approach for estimating the so called integrated volatility, which represents the cumulative integral of instantaneous …

leverage, volatility and the riskless interest rate. We find that estimated coefficients for these variables are consistent … premia is approximately 23%. Volatility and leverage by themselves also have substantial explanatory power for credit default … data. We therefore conclude that leverage, volatility and the riskfree rate are important determinants of credit default …

, taking the form of postponed capacity investment, may occur in Markov Perfect Equilibrium. Volatility and the expected speed …