Showing 1 - 10 of 27
Estimate bias and “no-sales” are investigated in the context of Latin American Art auctions conducted in New York between 1977 and 1996. We find that, using a new method for calculating bias, both Sotheby's and Christie's overestimated art (oil-on-canvas pieces) by 2.7 percent. The inclusion...
Persistent link: https://www.econbiz.de/10005537026
Persistent link: https://www.econbiz.de/10005462378
Given the increasing importance attached to both corporate social responsibility (CSR) and corporate governance, this study investigates the association between these two complimentary mechanisms used by companies to enhance relations with stakeholders. Consistent with both legitimacy and...
Persistent link: https://www.econbiz.de/10011155267
In 1972 the Australian Federal Government partially relaxed exchange controls prohibiting overseas portfolio investment by Australian investors. The purpose of this paper is to examine the benefits which might have accrued to Australian investors over the period 1970 to 1977 had they been able...
Persistent link: https://www.econbiz.de/10010769553
Results of many previous studies on the rate of small business failure suggest an inverse relationship between size of business and propensity to fail. However, it has been suggested that this inverse relationship, between firm size and the rate of discontinuance, may more accurately be...
Persistent link: https://www.econbiz.de/10010790702
The Floor-Leverage Rule is a spending and investment strategy designed for retirees that can tolerate investment risk, but insist on sustainable spending. The rule calls for purchasing a spending guarantee with 85% of wealth and investing the remaining 15% in equities with 3x leverage....
Persistent link: https://www.econbiz.de/10010878014
<title>Abstract</title> Previous research suggests a lack of external funding opportunities might inhibit the growth of many small and medium enterprises (SMEs), particularly female-controlled SMEs. However, the existing empirical research on this issue is extremely limited. The aim of this study, therefore,...
Persistent link: https://www.econbiz.de/10010971015
This paper adapts the traditional model of migration to include human capital, housing prices and a region's infrastructure in order to analyse the determinants of migration in the Spanish regions between 1998-2003. Using the Seemingly Unrelated Regression Equations [SURE] model, results...
Persistent link: https://www.econbiz.de/10010949190
Based on annual report data for a sample of 118 companies listed on the Australian Stock Exchange, this study provides further empirical evidence of the association between the voluntary disclosure of segment information and a firm’s level of diversification; controlling for firm size,...
Persistent link: https://www.econbiz.de/10010950505
In this paper, we modify the Harris-Todaro model of migration to incorporate the impact of human capital, housing stock and the availability of publicly provided goods like health care and road provision to analyse the determinants of migration in different regions of the transition economy...
Persistent link: https://www.econbiz.de/10010961068