This investigation utilized the event study methodology to examine the information effect of announcements on depositary receipt listing and stock reward fluctuation behavior during 1990 to 2006. Empirical evidence demonstrates that listing depositary receipts leads to negative abnormal returns...

This study evaluates the impacts of the trade liberalization under Doha Round on basmati rice in Pakistan using a partial equilibrium model. Price integration analysis shows that there is a stable long-run relationship between farm gate price and wholesale price and between wholesale price and...

In spite of the mounting evidence on the advantages of exporters over firms focused solely on their domestic markets, the source of these differences is yet to be explained. The present contribution analyzes the role of financial constraints as one of the key factors determining firm export...

The building construction process is inherently dangerous and falls in particular are a major, and sometimes fatal, hazard. The large companies use pools of sub-contractors who tend to focus mainly on price, rather than OHS. The paper discusses the field project and the methodology in the light...

Croatia entered the industrialization process that initiated its accelerated growth as a ‘latecomer,’ being late by more than a century. By mostly using its resources for industrial development, Croatia succeeded in doing in 30-40 years after World War II, what it took developed countries...

The past decade was the decade of ‘e-everything’ and many authors praised the efficiency of web usage for different business purposes. But practice showed that the web as a communication and distribution channel is not as powerful as it was claimed to be. After the dotcom explosion, the...

In this paper, authors explore the Foreign Direct Investment-Led Growth hypothesis for the Greek economy in the Post-War era. In doing so, they engage in testing the cointegration of the series and explore the causal dimension between Foreign Direct Investment and GDP growth through Granger...

In article are presented results of empiric research in threat estimate criterion, by which is determined 15 criterions that are indispensably graded during performing the threat estimate. Correct choice of threat estimate criterion is basic condition to contemplate source and type of threat in...

In the post-war years, in many countries, tourism as an economic activity has become a vital sector of national economies contributing a substantial share to the gross national product. Tourism has thus become the focus of governmental attention to macro-manage the sector as well. This paper...

Distinct from the existing literatures that most of them focussed on the case of a single change on issues related to structural change. This study addresses the practical advantage of hedging ratio when time varying structural breakings are considered. Data used in this study include daily...