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This paper investigates the purchases and redemptions of a large cross-sectional sample of German equity funds. We find that investors punish bad performance by selling their shares, but also have a tendency to sell winners. Investors in large fund families show higher sales and redemption...
Persistent link: https://www.econbiz.de/10010300703
This paper investigates the purchases and redemptions of a large cross-sectional sample of German equity funds. We find that investors punish bad performance by selling their shares, but also have a tendency to sell winners. Investors in large fund families show higher sales and redemption...
Persistent link: https://www.econbiz.de/10010302545
The fast growing EU market for investment funds is still characterised by a continuing relevance of national borders. This papers assesses this market?s degree of integration, the potential benefits from more integration and the obstacles to cross-border sales of funds. The analysis shows that...
Persistent link: https://www.econbiz.de/10010298094
stakeholders. Since the inception in 2000, the PCF has engaged in a dialogue with China to get it to sign up as a host country … (CDM) in China and feel the significant need for building CDM capacity in China to enable it to gain more insight into the … CDM and increase its capacity to initiate and undertake CDM projects. This paper first discusses why China had hesitated …
Persistent link: https://www.econbiz.de/10011325013
The paper investigates female wage profiles in West-Germany between 1984 and 2008 using data from the German Socio Economic Panel. The empirical study focuses on the short-run wageloss due to childcare and the long-run wage-profile in post-birth employment, respectivly. This is compared with...
Persistent link: https://www.econbiz.de/10010305555
This paper makes use of data from the German socio-economic panel to gain new insights into the determinants of unemployment duration in Germany. Due to substantial differences with respect to labour market outcomes we follow a stratified approach with respect to gender and ethnicity. To analyze...
Persistent link: https://www.econbiz.de/10010307174
Human resource management is one of the key factors in the productivity, growth and value of companies in which knowledge plays a key role. However, especially the shrinking of industrialized societies, in which the population is ageing rapidly, will dramatically influence the structure of the...
Persistent link: https://www.econbiz.de/10010307458
We estimate dynamic effects of works councils on labor productivity using newly available information from West German establishment panel data. Conditioning on plant fixed effects and control variables, we find negative productivity effects during the first five years after council...
Persistent link: https://www.econbiz.de/10011335364
This study simulates with two dynamic models the macroeconomic and public finance outcomes of a reduction in the corporate income tax rate in Finland. FOG-model is a dynamic CGE model, which is calibrated to the Finnish economy. NiGEM is a multi-country macroeconometric model. The results show...
Persistent link: https://www.econbiz.de/10012037661
The main goal of this paper is to present a practical model of sustainability ratio. In this context, the study provides an analysis of theoretical literature sources in area of strategy evaluation and possible measurement of success. The purpose of presented research was to discover the impact...
Persistent link: https://www.econbiz.de/10011724820