Now showing items 41-50 of 1356
Financially Constrained Stock Returns
(2006-07)
More financially constrained firms are riskier and earn higher expected returns than less financially constrained firms, although this effect can be subsumed by size and book-to-market. Further, because the stochastic ...
Equilibrium Values in a Competitive Power Exchange Market
(Kluwer Academic Publishers; Springer Science+Business Media, 2001-02)
We consider an open electricity market with demand uncertainty.In this market, the generators each decide on a bidding price tomaximize profit. Units are dispatched in order of the bid from lowestto highest until demand ...
Autonomy and Performance of Foreign Subsidiaries in five Transition Countries
(2005-07-01)
The paper analyses the link between the autonomy according to business function and the performance of foreign subsidiaries in Slovenia, Poland, Hungary, Slovakia and Estonia. The novelty of the paper is in the deeper ...
The Costs and Benefits of Euro-sation in Central-Eastern Europe Before or Instead of EMU Membership
(2000-10-01)
Countries unable or unwilling to join a Monetary Union can partly replicate membership effects through either a Currency Board or formal replacement of the domestic currency by the currency of the Union. Schemes of this ...
Dividend (Vol. 34, No. 2, Fall, 2003)
(Graduate School of Business Administration, University of Michigan, 2003)
How Does Law Affect Finance? An Empirical Examination of Tunneling in an Emerging Market
(2005-01-01)
This paper documents that law affects finance in emerging markets through the methods used by controlling shareholders to “tunnel” wealth out of the firm. We find that Bulgarian securities law enabled financial tunneling ...
Market Risk Dynamics and Competitiveness After the Euro: Evidence from EMU Members
(2008-02-01)
In this paper we propose an empirical model that considers theoretical facts on the relationship between real exchange rates and the net exports of the economy to supplement the interaction of a number of financial and ...