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of 52 countries during the globalization period 1988-2006 strongly supports the model. Results solve several time …
Persistent link: https://www.econbiz.de/10012955434
This paper challenges existing studies of mutual fund market timing that find little evidence of timing ability. Using a sample of daily returns for 35 countries, we find that more than a third of mutual funds show significantly positive market timing ability across all countries. We show that...
Persistent link: https://www.econbiz.de/10012904756
We analyze trading speed and fragmentation in asset markets. In our model, trading venues make technological investments and compete for investors who choose where and how much to trade. Faster venues charge higher fees and attract speed-sensitive investors. Competition among venues increases...
Persistent link: https://www.econbiz.de/10012940350
Much recent research in the database community focuses on ways toexpand the modelling capabilities of database management systems. Thedriving force behind this research is the growing size and sophisticationof the user community, whose needs and applications seem to always beseveral steps ahead...
Persistent link: https://www.econbiz.de/10012769497
-to-close period on the world's largest carbon trading platform, the European Climate Exchange (ECX). Low volume trading in carbon …
Persistent link: https://www.econbiz.de/10013008463
This paper investigates hedge funds' ability to time industry-specific returns and shows that funds' timing ability in …
Persistent link: https://www.econbiz.de/10012850095
Almost all WTO dispute panels exceed their statutory time limits. This is often seen to indicate a more general problem … for panels to manage their tasks. The time required varies considerably across panels however, suggesting that they do not … face the same problems. To shed light on these differences, this paper examines the relationship between the time panels …
Persistent link: https://www.econbiz.de/10013049355
Brand and generic drug manufacturers frequently settle patent litigation on terms that include a payment to the generic manufacturer along with a specified date at which the generic would enter the market. The Federal Trade Commission contends that these agreements extend the brand's market...
Persistent link: https://www.econbiz.de/10013050310
two periods of time: a relative quiet one and a turbulent one. For the first period we found that calendar anomaly was …
Persistent link: https://www.econbiz.de/10013056140
We develop a measure of the timing of industrialization, comparable across 149 countries. Defining the year of industrial transition as the year in which employment in industry exceeded that in agriculture, we identify 67 countries that industrialized between 1801 and 2005 and 82 countries that...
Persistent link: https://www.econbiz.de/10013059399