Showing 1 - 10 of 186
Employing 90,000 firm-level observations from 13 countries over a seven year period, and controlling for an extensive set of firm-level characteristics, industry effects and country-level institutional variables, we provide a conceptual framework and empirical analysis of how culture influences...
Persistent link: https://www.econbiz.de/10010833361
The degree of firm-level multinationality is a key dimension that spans all theoretical frameworks, levels of empirical analysis and domains of investigation in international business research. There is, however, no agreed approach to defining or measuring firm-level multinationality. This is...
Persistent link: https://www.econbiz.de/10009217172
Persistent link: https://www.econbiz.de/10004975730
This paper examines for the first time the existence of psychological barriers in a variety of daily and intra-day gold price series. This paper uses a number of statistical procedures and presents evidence of psychological barriers in gold prices. We document that prices in round numbers act as...
Persistent link: https://www.econbiz.de/10005187483
Unlike most prior literature in finance and economics, this article focuses on events in the political economy and examines the integration of European equity markets over the 1988 through 2002 period using two innovative techniques that assess how the level of integration in equity price...
Persistent link: https://www.econbiz.de/10008458742
Persistent link: https://www.econbiz.de/10008562960
We examine the evidence of an emerging yen block in North and Southeast Asia using up to 27 years of weekly data on 9 bilateral yen exchange rates. The exchange rate returns are modelled in response to variations in their US dollar, German mark, and UK pound effective counterparts using a...
Persistent link: https://www.econbiz.de/10005504142
We examine the dynamics of idiosyncratic risk, market risk and return correlations in European equity markets using weekly observations from 3515 stocks listed in the 12 Euro area stock markets over the period 1974-2004. Similarly to Campbell, Lettau, Malkiel and Xu (2001), we find a rise in...
Persistent link: https://www.econbiz.de/10005518475
We use mean-variance analysis to demonstrate the importance of a hitherto neglected benefit of enticing MNEs to locate in small and medium-sized countries. During the 25 years from 1974 to 1999, over 1000 foreign MNEs have located in Ireland, and they have raised their share of all manufacturing...
Persistent link: https://www.econbiz.de/10005518478
The paper examines the extent to which the conditional volatility of stock market returns in a small, internationally integrated stock market are related to the conditional volatility of financial and business cycle variables. It employs a low frequency monthly dataset for Australia including...
Persistent link: https://www.econbiz.de/10005491263