In den vergangenen Jahrzehnten hat die Internationalisierung von kleinen und mittleren Unternehmen, insbesondere im verarbeitenden Gewerbe, stark zugenommen. Über die Auslandsaktivitäten des Mittelstandes ist jedoch - anders als bei großen, multinationalen Unternehmen - bislang wenig bekannt....

In den vergangenen Jahrzehnten hat die Internationalisierung von kleinen und mittleren Unternehmen, insbesondere im verarbeitenden Gewerbe, stark zugenommen. Über die Auslandsaktivitäten des Mittelstandes ist jedoch - anders als bei großen, multinationalen Unternehmen - bislang wenig bekannt....

In recent decades the internationalization of small and medium-sized enterprises (SMEs) has increased significantly, especially in manufacturing industries. Yet in contrast to large, multinational corporations, not much is known about the international activities of SMEs. Data on East German...

We analyze how investor expectations about economic growth and stock returns changed during the February-March 2020 stock market crash induced by the COVID-19 pandemic, as well as during the subsequent partial stock market recovery. We surveyed retail investors who are clients of Vanguard at...

We observe significant heterogeneity in the correlation between changes in house prices and the growth of small firms across certain countries in Europe. We find that, overall, the correlation is far greater in Southern Europe than in Northern Europe. Using a simple model, we show that this...

The purpose of the study is to examine the existence of causality between macroeconomic variables and stock returns in Ghana. The study employs monthly time series data spanning the period January 1995 to December 2010. Unit root test is performed using ADF, PP and KPSS tests. Then, Vector Error...

We explore the link between county-level opioid prescription rates and asset prices, specifically, stock returns of firms headquartered in that county, as well as real estate prices. In order to establish the causal effects of opioid prescription rates on firm stock returns, we first apply an...

This paper investigates BRICS markets' integration and segmentation between real estate indices and stock indices, and the possibility of establishing “wealth” and “credit” effects. The analysis of the relationship is based on updated techniques in time series using the concepts of...

We analyze how investor expectations about economic growth and stock returns changed during the February-March 2020 stock market crash induced by the COVID-19 pandemic, as well as during the subsequent partial stock market recovery. We surveyed retail investors who are clients of Vanguard at...

This paper investigates BRIC markets' integration and segmentation between REITs and stock indices, and the possibility of establishing “wealth” and “credit” effects. The analysis of the relationship is based on updated techniques in time series using the concepts of fractional...