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This study evaluates the long-run effects of Finnish active labour market programmes in youth labour markets. The effectiveness of programmes is measured by a number of outcomes, including employment, unemployment, programme participation, education, being out of the labour force and annual...
Persistent link: https://www.econbiz.de/10005353555
Persistent link: https://www.econbiz.de/10001459696
The restriction of short-sale prices, which stated that short-sale prices must not be lower than the closing price of the previous trading day, no longer applies to the constituent stocks of the Taiwan Top 50 Index. This study investigates the abnormal returns and volatility changes of those...
Persistent link: https://www.econbiz.de/10008555948
The aim of this paper is to re-examine the sequential-financing hypothesis in the context of convertible bond issuances from firms listed on the Taiwan Stock Exchange from 1994 to 2003. The results contend that announcements of convertible debt offerings are, on average, associated with...
Persistent link: https://www.econbiz.de/10008541454
endogenous. By way of numerical examples, we explore the relationship between mean-variance equilibrium and free of arbitrage …
Persistent link: https://www.econbiz.de/10012853093
assumption of perfect capital markets and the associated arbitrage argument. In this text we review the perfect market assumption … and no-arbitrage principle. Then, we restate and comment the proofs of MM proposition in current perspectives. We focus on … the evolution on the understanding of arbitrage, the breakthrough from a deterministic world into a world of uncertainty …
Persistent link: https://www.econbiz.de/10012854798
Persistent link: https://www.econbiz.de/10012860303
English Abstract: The fundamental pricing theory of derivatives is based on the assumptions of arbitrage-free and … textbooks on derivatives present them in reverse order. In particular, they tend to neglect that the assumption of arbitrage … arbitrage-free and complete markets, as well as martingale measures, in three-dimensional figures. It is done by presenting …
Persistent link: https://www.econbiz.de/10012861649
Chinese Abstract: 摘要:中共中央政治局在 3 月 27 日召开会议中多次强调通过发行特别国债和地方债应对此 次疫情,助力复工复产。为保障“抗疫”的特别债券发行,需要研究并学习已发行债券的...
Persistent link: https://www.econbiz.de/10012839937
Chinese Abstract: A股关联公司的股票动量溢出效应研究:...
Persistent link: https://www.econbiz.de/10013405840