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There is no complete overview or discussion of the literature of the economics of federalism and fiscal decentralization, even though scholarly interest in the topic has been increasing significantly over recent years. This paper provides a general, brief but comprehensive overview of the main...
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Purpose Intellectual capital, corporate governance (CG) and corporate social responsibility (CSR) are generally considered three essential pillars to enhance firms’ performance in the developed world. However, in developing countries such as Vietnam, these pillars have not received sufficient...
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This empirical study is conducted to apply the Fama French three-factor model in the Australian context using the most recent daily data for the period of 5 years from July 2009 to May 2015. The focus of this study is on various approaches of portfolio formation adopted in previous empirical...
Persistent link: https://www.econbiz.de/10013049048
We use the Commodity Futures Trading Commission’s Commitment of Traders report to investigate the trading behaviour of traders in 12 commodity futures markets. We find that commercial traders are contrarian, consistent with the prevalence of short hedgers, while non-commercial traders follow...
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This thesis investigates economic aspects of the measurement of fiscal decentralisation to establish how a nation’s fiscal arrangements can be consistently measured, so they can be compared internationally. A new index of fiscal decentralisation is developed that reflects two key elements of...
Persistent link: https://www.econbiz.de/10008539795
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