Narrow search
Showing 1 - 10 of 71,502
Cover Image
Do networks in the stock exchange industry pay off? European evidence
Hasan, Iftekhar; Schmiedel, Heiko - EconWPA - 2004
The economic theory of network externalities provides the rationale for this paper, which investigates whether adoption of network strategies in European stock exchanges creates additional value in the provision of trading services. Using unbalanced panel data from all major European exchanges...
Persistent link: https://www.econbiz.de/10005062710
Cover Image
Do networks in the stock exchange industry pay off? European evidence
Hasan, Iftekhar; Schmiedel, Heiko - Suomen Pankki - 2003
The economic theory of network externalities provides the rationale for this paper, which investigates whether adoption of network strategies in European stock exchanges creates additional value in the provision of trading services. Using unbalanced panel data from all major European exchanges...
Persistent link: https://www.econbiz.de/10005648905
Cover Image
Asia-Pacific Stock Market Connectedness : A Network Approach
Park, Young-Joon - 2020
This paper addresses network connectedness in stock returns and volatilities across the Asia-Pacific economies over the pre- and post-GFC periods. This study also uses the MSCI-classified group-specific latent factors to examine their connectedness among the developed and emerging markets in...
Persistent link: https://www.econbiz.de/10012822621
Cover Image
The discontinuous integration of Western Europe's heterogeneous market for corporate control from 1995 to 2007
Frey, Rainer - 2010
As, in Europe, many institutional reforms have been undertaken to establish an economic union, it can be expected that … span from 1995 to 2007. The continued lack of full integration is also evidenced by heterogeneity inside Europe. This … existing lack of integration in Europe may not be a result of missing institutional reforms. In the Poisson estimations, the …
Persistent link: https://www.econbiz.de/10010301320
Cover Image
The discontinuous integration of Western Europe's heterogeneous market for corporate control from 1995 to 2007
Frey, Rainer - 2010
As, in Europe, many institutional reforms have been undertaken to establish an economic union, it can be expected that … span from 1995 to 2007. The continued lack of full integration is also evidenced by heterogeneity inside Europe. This … existing lack of integration in Europe may not be a result of missing institutional reforms. In the Poisson estimations, the …
Persistent link: https://www.econbiz.de/10010271607
Cover Image
How does the domiciliation decision affect mutual fund fees?
Lang, Gunnar; Köhler, Matthias - 2011
In this paper, we analyze whether the domiciliation decision of mutual funds has an impact on fund fees. To explain the fee price-setting of mutual funds, we consider characteristics specific to funds, fund companies, and countries. We find that fees vary considerably across fund types and...
Persistent link: https://www.econbiz.de/10009510386
Cover Image
Measuring sovereign contagion in Europe
Caporin, Massimiliano; Pelizzon, Loriana; Ravazzolo, … - 2015
we have witnessed over the last years come from larger shocks propagated with higher intensity across Europe. …
Persistent link: https://www.econbiz.de/10010527055
Cover Image
Integration of European Bond Markets
Christiansen, Charlotte - 2014
I investigate the time variation in the integration of EU government bond markets. The integration is measured by the explanatory power of European factor portfolios for the individual bond markets for each year. The integration of the government bond markets is stronger for EMU than non-EMU...
Persistent link: https://www.econbiz.de/10013065853
Cover Image
Measuring Sovereign Contagion in Europe
Caporin, Massimiliano - 2014
quantile regression with heteroskedasticity) we show that propagation of shocks in Europe's CDS has been remarkably constant … across Europe. This is the first paper, to our knowledge, where a Bayesian quantile regression approach is used to measure …
Persistent link: https://www.econbiz.de/10013066384
Cover Image
Intraday Price Discovery in Emerging European Stock Markets
Hanousek, Jan - 2009
We characterize the price discovery in three emerging EU stock markets — the Czech Republic, Hungary, and Poland — by employing high-frequency five-minute intraday data on stock market index returns and four classes of EU and U.S. macroeconomic announcements during 2004–2007. We account...
Persistent link: https://www.econbiz.de/10013157122