Search Results - subject:"functional convergence"

Recalcitrant betas: Intraday variation in the cross-sectional dispersion of systematic risk

Andersen, Torben; Thyrsgaard, Martin; Todorov, Viktor - In: Quantitative Economics 12 (2021) 2, pp. 647-682

We study the temporal behavior of the cross-sectional distribution of assets' market exposure, or betas, using a large panel of high-frequency returns. The asymptotic setup has the sampling frequency of returns increasing to infinity, while the time span of the data remains fixed, and the...

Persistent link: https://www.econbiz.de/10013189761

Recalcitrant betas : intraday variation in the cross-sectional dispersion of systematic risk

Andersen, Torben; Thyrsgaard, Martin; Todorov, Viktor - In: Quantitative economics : QE ; journal of the … 12 (2021) 2, pp. 647-682

Persistent link: https://www.econbiz.de/10012598456

Identification and estimation in a third-price auction model

Enache, Andreea; Florens, Jean-Pierre - 2019

Persistent link: https://www.econbiz.de/10013503831

Path Dependence or Convergence? The Evolution of Corporate Ownership Around the World

Yeh, Andrew J.Y.; Lim, Steven; Vos, Ed - Department of Economics, Waikato Management School - 2006

functional convergence (convergence to the diffuse form of share ownership through cross-listings on U.S. stock exchanges that … optimum. Our empirical results suggest a case for the co- existence of path dependence and functional convergence (convergence … concentration institutions quality of governance path dependence functional convergence JEL Classification G32, G34 …

Persistent link: https://www.econbiz.de/10005634973