The Laplace mixture distribution for stock share returns is derived from conditional N(0, sigma-squared) distribution. The conditioning variable, sigma-squared, is assumed to be an exponentially distributed random variable. This offers a natural stochastic interpretation of the risk involved...

Minimum Absolute Deviation (MAD) estimation method is used to examine weekday anomaly in 18 international stock exchanges between 1990 and 2003. Weekday return anomaly is found with OLS method in two and with MAD method in eight stock exchanges. Empirical test distributions of F -type test for...

The socio-economic impacts of microcredits on women's welfare were studied in northeastern South Africa using a qualitative semi-structured interviewing method. The study focuses particularly on the benefits, disadvantages and challenges obtained from The Small Enterprise Foundation (SEF)...

Realized stock return volatility is modelled with a distribution based on the Laplace distribution. The moment properties of suggested volatility distribution, η(σ|λ), are derived. The properties of distribution correspond to the empirical regularities found in the finance literature....

Enterprises in post-socialist and transition economies often participate in providing infrastructure and social services to the surrounding community which in the Russian legal setting should be local authorities’ responsibility. We propose that this bundling of social and infrastructure goods...

A modification of Barro and Sala-i-Martin empirical framework of growth model is specified to examine determinants of per capita growth in 74 Russian regions during period of 1996-2005. We utilize both panel and cross-sectional data. Results imply that in general regional growth in 1996-2005 is...

A non-parametric time series testing is suggested to analyse the convergence of international output per-capita gaps. Non-parametric tests are based on signs and ranks of time series properties of output differences. The methods are applied to logs of USA percapita income differences for 16 OECD...

Enterprises in post-socialist and transition economies often participate in providing infrastructure and social services to the surrounding community. We argue that this bundling of social and infrastructure goods provision with an enterprise’s core operations is a fully rational choice in an...