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Differential Effects of Active Labour Market Programmes in the Early Stages of Young People's Unemployment

Hämäläinen, Kari; Ollikainen, Virve - Valtion taloudellinen tutkimuskeskus (VATT), Government … - 2004

This study evaluates the long-run effects of Finnish active labour market programmes in youth labour markets. The effectiveness of programmes is measured by a number of outcomes, including employment, unemployment, programme participation, education, being out of the labour force and annual...

Persistent link: https://www.econbiz.de/10005353555

The Policy Effects of Lifting the Short-Sale Price Restriction on Stock Price Behaviors

Chan, Shih-Ju; Lin, Ching-Chung; Kuo, Wen-Hsiu - In: Journal of Economics and Management 4 (2008) 2, pp. 203-228

The restriction of short-sale prices, which stated that short-sale prices must not be lower than the closing price of the previous trading day, no longer applies to the constituent stocks of the Taiwan Top 50 Index. This study investigates the abnormal returns and volatility changes of those...

Persistent link: https://www.econbiz.de/10008555948

The Motivations of Issuing Convertible Bonds - An Inquiry regarding the Sequential-Financing Hypothesis

Chen, Chun-Da; Hung, Fu-Pin; Chen, Dar-Hsin; Lin, Hsin-Ho - In: Journal of Economics and Management 4 (2008) 2, pp. 229-250

The aim of this paper is to re-examine the sequential-financing hypothesis in the context of convertible bond issuances from firms listed on the Taiwan Stock Exchange from 1994 to 2003. The results contend that announcements of convertible debt offerings are, on average, associated with...

Persistent link: https://www.econbiz.de/10008541454

均值方差均衡下的证券价格 : CAPM 再认识 (Security Prices in Mean-Variance Equilibrium: A Further Study on CAPM)

Chen, Deng-Ta - 2020

endogenous. By way of numerical examples, we explore the relationship between mean-variance equilibrium and free of arbitrage …

Persistent link: https://www.econbiz.de/10012853093

MM 命题 : 重新思考 (MM Proposition: Re-think)

Chen, Deng-Ta - 2020

assumption of perfect capital markets and the associated arbitrage argument. In this text we review the perfect market assumption … and no-arbitrage principle. Then, we restate and comment the proofs of MM proposition in current perspectives. We focus on … the evolution on the understanding of arbitrage, the breakthrough from a deterministic world into a world of uncertainty …

Persistent link: https://www.econbiz.de/10012854798

有限关注度下科技关联的定价作用 (The Role of Technological Links in Asset Pricing Under Limited Attention Assumption)

Li, Xuquan - 2019

Chinese Abstract:...

Persistent link: https://www.econbiz.de/10012860303

無套利市場、完全市場與風險中立機率的唯一存在 (An Arbitrage-Free and Complete Market and the Unique Existence of Risk-Neutral Probabilities)

Liu, Jen-Chang - 2019

English Abstract: The fundamental pricing theory of derivatives is based on the assumptions of arbitrage-free and … textbooks on derivatives present them in reverse order. In particular, they tend to neglect that the assumption of arbitrage … arbitrage-free and complete markets, as well as martingale measures, in three-dimensional figures. It is done by presenting …

Persistent link: https://www.econbiz.de/10012861649