Showing 1 - 10 of 702
point of view, the main innovation lies in disentangling 'good' macroeconomics news from 'bad' news, and, simultaneously …
Persistent link: https://www.econbiz.de/10010298727
point of view, the main innovation lies in disentangling good' macroeconomics news from bad' news, and, simultaneously …
Persistent link: https://www.econbiz.de/10005097856
This paper examines return predictability when the investor is uncertain about the right state variables. A novel feature of the model averaging approach used in this paper is to account for finite-sample bias of the coefficients in the predictive regressions. Drawing on an extensive...
Persistent link: https://www.econbiz.de/10010298059
It is well known that information arrival has an impact on prices volatility, and trading volume in financial markets (see e.g., Goodhart and O?Hara 1997). Scheduled macroeconomic announcements, such as monthly employment figures, consumer prices, or building permits, stand out from the steady...
Persistent link: https://www.econbiz.de/10010297725
This paper delineates the simultaneous impact of non-anticipated information on first and second moments of the intraday price process by including appropriate variables accounting for the news flow into both the mean and the variance function. This allows us to differentiate between the...
Persistent link: https://www.econbiz.de/10010297797
By means of an event study of stock market reactions to the announcement of the Olympic Games host cities, we find a significant and positive announcement effect of hosting the Summer Games, with a cumulative abnormal return of about 2% within a few days. We do not find any significant results...
Persistent link: https://www.econbiz.de/10010298071
patent quantity is driven by knowledge exchange rather than joint R&D. Firms engaged in joint R&D, on the other hand, receive … more forward citations per patent indicating that joint R&D enhances patent quality. In light of literature on strategic …
Persistent link: https://www.econbiz.de/10010309806
on the effects of the patent stock on profitability. The data base is a representative sample of German manufacturing … patent stock has a strong and robust effect on profitability. …
Persistent link: https://www.econbiz.de/10010297363
empirical study on the determinants of innovative activity measured by patent applications are presented. A sample of German … innovation, i.e. weakly controlled managers show a higher innovation propensity. However, the higher the leverage the more …
Persistent link: https://www.econbiz.de/10010297397
or output of a knowledge production function. We suggest that the productivity of research in patent production functions … to patentable knowledge, and development happens after the initial research phase that may have led to a patent. Instead …
Persistent link: https://www.econbiz.de/10010298057