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of state revenue from corporate tax and to forecast tax return from corporate income tax for the following year. Research …:• Part 1 presents the impact of state revenue on corporate income tax, econometrical forecast models proposed by scientists …
Persistent link: https://www.econbiz.de/10009478759
This dissertation consists of three stand-alone research papers, all of which treat the topic of estimation and dynamic … categories - estimation (Chapter 1 and 2) and dynamic modelling (Chapter 3), and are intentionally arranged in a particular … assets in the presence of a host of market microstructure frictions. An extension to this problem, where both the estimation …
Persistent link: https://www.econbiz.de/10009471603
Persistent link: https://www.econbiz.de/10009463981
Valuation of corporate debt has been an extremely important, albeit imprecise task in asset pricing. Both structural models and reduced form models have had limited success in explaining the corporate yield spreads observed in actual markets. Taking advantage of a unique corporate bond dataset...
Persistent link: https://www.econbiz.de/10009466212
, based on the theory of Chowdhry and Nanda (1991), and Admati and Pleiderer (1988), that the information component of spreads …
Persistent link: https://www.econbiz.de/10009468618
, based on the theory of Chowdhry and Nanda (1991), and Admati and Pleiderer (1988), that the information component of spreads …
Persistent link: https://www.econbiz.de/10009451105
subsectors, at least not given the used identification strategy. This could be due to the fact that this theory regards the …
Persistent link: https://www.econbiz.de/10009433722
standard and international trade. The estimation results allow us to formulate some interesting policy conclusions. …
Persistent link: https://www.econbiz.de/10009467122
This dissertation consists of two essays investigating the trading by institutions and its impact on the stock market. In the first essay, I investigate why changes in institutional breadth predict return. I first show that changes in breadth are positively associated with abnormal returns over...
Persistent link: https://www.econbiz.de/10009431126
The finding of reversals in weekly returns has been attributed to a combination of microstructure issues and overreaction to information. I provide new evidence eliminating overreaction as a source of reversal. I show that well-known weekly contrarian profits are followed by a long run of...
Persistent link: https://www.econbiz.de/10009465092