Kwiatkowski et al. (1992) and Leybourne and McCabe (1994) may cause extreme size distortions, if the model under the null … hypothesis is highly persistent. The existence of such size distortions has not been recognized in the previous literature. We … the recent float. Size distortions of tests of the unit root null hypothesis may be overcome by the use of finite …

insignifikant (positive) Marktrisikoprämie, eine signifikant negative Größenprämie (Size Premium), eine signifikant positive … four major results: First, we find an insignificant (positive) market risk premium, a significant negative size premium, a …

political framework, insider effects, efficiency wages, collective bargaining and cyclical effects. However, the size of … between size and unemployment. Using data from 37 countries, 15 continents and trade areas as well as 496 federal states, we … explains regional and national unemployment using size and centralization. We will point out that centralization parabolas can …

, which are on average much smaller than their North American brethren. For the entire size spectrum and across listing … factor(s) missing from conventional tests of asset pricing. The results suggest that a lack of liquidity, rather than size …

model parameters with observations on managerial earnings and the size-distribution of plants in the United States, and then … use our framework to quantify the importance of (i) lower exogenous productivity differences, and (ii) the size … relative contribution of exogenous productivity versus size-dependent distortions for output and plant-size differences between …

size-distribution of plants and macroeconomic aggregates. We then quantify the relative importance of exogenous … productivity differences, and the size-dependent distortions emphasized in the misallocation literature. Our findings indicate that …