Analyzing accidents clearly is an important method for maintaining and improving safety in aviation. Nevertheless, evaluating these accident reports is equally important. Still, such evaluations seem to be generally neglected, especially in the military domain. The aim of the current study was...

Bid–ask spreads using intraday data reveal significant sensitivity to European Central Bank (ECB) macro-announcements. Effects are strongest for announcements that comprise unexpected information or a change in interest rates, and spreads rise sharply during the minutes surrounding interest...

Purpose – Since 2008, the German open-ended real estate fund (GOEREF) industry has experienced a critical phase of suspensions of redemption of fund shares, announced fund terminations and, eventually, introduction of a new regulation. With assets under the management of over 80 billion,...

Cross-periodograms can be used to study a multivariate spatial process observed on a lattice. For spatial data, it is often appropriate to study asymptotic properties of statistical procedures under fixed-domain asymptotics in which the number of observations increases in a fixed region while...

Assessing the overall quality of Chinese financial data is important to both academic researchers and regulators. Using data from the industrial census of China, we examine the institutional pattern of the manipulation of reported profit statistics by manufacturing firms. This manipulation of...