This article examines the role played by primary and secondary equity markets in economic growth. It departs from standard literature to integrate both markets and to explicitly acknowledge the primary equity market. By employing a variety of dynamic panel estimators for 54 countries over the...

This paper investigates the link between intended use of proceeds and the decline in post-issue operating performance of IPO firms. After taking into account special features of the compositional data containing zero values, a quantile regression analysis is employed for the Indonesian equity...

Since Brown (1952), habit formation models of consumption have assumed that utility is additively separable in durables and non-durables, and memory loss is a unidimensional process. This thesis dispenses with these assumptions to extend the theory of habit formation and introduce habit...