This note provides some evidence of the sensitivity of firm survival duration dependence to time aggregation, when durations are Weibull distributed. The results indicate that estimates of duration dependence are always positively biased: This bias increases with the width of time aggregation...

In this paper we argue that univariate mixed models are not appropriate in measuring unobserved heterogeneity in studying IPOs survival in the aftermarket. We extend the methodology used up to now by developing a random effects model to account for heterogeneity among industries. Our results...

This note provides some evidence of the sensitivity of firm survival duration dependence to time aggregation, when durations are Weibull distributed. The results indicate that estimates of duration dependence are always positively biased: This bias increases with the width of time aggregation...

The question of whether there is a tendency for regional convergence has become a central topic for economic research. This paper considers the issue of convergence across Greek regions, following the theoretical basis of the neoclassical model of economic growth. Our analysis finds no evidence...

<title/> SIRIOPOULOS C. and ASTERIOU D. (1998) Testing for convergence across the Greek regions, <italic>Reg. Studies</italic> 32, 537-546. During the last five years, few issues have proved more controversial in empirical economics than the so-called convergence hypothesis. This paper examines the issue of convergence...

type="main" xml:lang="en" <p>This article examines empirically the relationship between stock market development, political instability and economic growth in Greece. We measure socio-political instability by constructing an index which captures the occurrence of various phenomena of political...</p>

Event study analysis is a common methodology used in marketing to evaluate the impact of specific marketing activities. This study examines the impact of sponsorship announcements on the stock prices of sponsoring firms by using event study analysis. Due to the problem of non-normality on...

This paper investigates the effects of financial and stock market development on the process of economic growth in UK. We first present two alternative competing hypotheses regarding financial development and economic growth in terms of their casual relationships, in the context of...