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Is it Beneficial to Be Included in a Sustainability Stock Index? A Panel Data Study for European Firms

Ziegler, Andreas - 2014

, namely the Dow Jones Sustainability World Index (DJSI World), on corporate financial performance. On the basis of panel data … assets and even insignificant for Tobin's Q in the flexible panel data models that include unobserved firm heterogeneity …. Therefore, we conclude that the application of misspecified panel data approaches, similar to cross-sectional models, can lead …

Persistent link: https://www.econbiz.de/10013070646

Reverse causality in global current accounts

Schnabl, Gunther; Freitag, Stephan - 2010

The paper discusses global imbalances under the aspect of an asymmetric world monetary system. It identifies the US and Germany as center countries with rising / high current account deficits (US) and surpluses (Germany). These are matched by current account surpluses of countries stabilizing...

Persistent link: https://www.econbiz.de/10011605254

Mind the gap - International comparison of cyclical adjustment of the budget

Kiss, Gábor P.; Vadas, Gábor - 2005

and 25 EU member countries to demonstrate that both approaches could be the source of considerable bias. While the …

Persistent link: https://www.econbiz.de/10010322488

Equilibrium real effective exchange rates and real exchange rate misalignments : time series vs. panel estimates

Hossfeld, Oliver - 2010

panel cointegration techniques to derive fully countryspecific measures of misalignment and measures based on panel …-of-sample performance prior to comparing it to two final panel specifications. Robustness of the results is supported by recently introduced … cross-sectionally augmented panel unit root tests by Pesaran (2007) and bootstrapped error correction-based panel …

Persistent link: https://www.econbiz.de/10011374380

Fundamentaler Dollar-Kurs und Tragfähigkeit des US-Leistungsbilanzdefizits

Spahn, Peter - In: Die aktuelle Währungsunordnung : Analysen und …, (pp. 23-50). 2009

Persistent link: https://www.econbiz.de/10003893777

International trade imbalance : a comparison of the U.S. and the U.K.

Chen, David Y.; Li, Tongzhe - In: Global business and finance review 20 (2015) 2, pp. 1-14

Persistent link: https://www.econbiz.de/10011436354

Fiscal deficits and stock prices in India : empirical evidence

Joshi, Pooja; Giri, Arun Kumar - In: International Journal of Financial Studies : open … 3 (2015) 3, pp. 393-410

The study aims at examining how fiscal deficits affect the performance of the stock market in India by using annual data from 1988-2012. The study makes use of Ng-Perron unit root tests to check the non-stationarity property of the series; the Auto Regressive Distributed Lag (ARDL) bounds test...

Persistent link: https://www.econbiz.de/10011408675

Comparing Alternative Methods of Adjusting U.S. Federal Fiscal Deficits for Cyclical and Price Effects

Buchanan, Neil H. - 2005

In this working paper, Resident Scholar Neil H. Buchanan statistically tests six alternative definitions of the federal budget deficit to determine if these definitions improve the results of econometric studies that use the deficit as an exogenous variable. Buchanan wishes to 1) evaluate how...

Persistent link: https://www.econbiz.de/10014073909

Fiscal policy, productivity shocks and the United States trade balance deficit

Kollmann, Robert - 1996

Persistent link: https://www.econbiz.de/10000943661

Determinants of the current account balance of the United States : a model with empirical evidence

Yasin, Mesghena - In: The journal of economics 16 (1990), pp. 168-174

Persistent link: https://www.econbiz.de/10001251217