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Performance analysis of international mutual funds incorporating market frictions

ter Horst, Jenke; Nijman, Theo; de Roon, F.A. - Tilburg University, Center for Economic Research - 1998

Persistent link: https://www.econbiz.de/10011090489

The Financing of Innovation : Learning and Stopping

Bergemann, D.; Hege, U. - Tilburg University, Center for Economic Research - 2001

finance, and looser under arm's length financing.The trade-off is that while relationship financing may require smaller …

Persistent link: https://www.econbiz.de/10011090781

Financial integration in Europe : Evidence from Euler equation tests

Eijffinger, Sylvester; Lemmen, J.J.G. - Tilburg University, Center for Economic Research - 1995

This paper applies Obstfeld's Euler equation tests to assess the degree of financial integration in the European Union. In addition, we design a new Euler equation test which is intimately related to Obstfeld's Euler equation tests. Using data from the latest Penn World Table (Mark 6), we arrive...

Persistent link: https://www.econbiz.de/10011091027

An empirical investigation of the factors that determine the pricing of Dutch index warrants

de Roon, F.A.; Veld, C.H. - Tilburg University, Center for Economic Research - 1994

This paper investigates the pricing of Dutch index warrants. It is found that when using the historical standard deviation as an estimate for the volatility, the Black and Scholes model underprices all put warrants and call warrants on the FT-SE 100 and the CAC 40, while it overprices the...

Persistent link: https://www.econbiz.de/10011091206

Application of Neural Networks to House Pricing and Bond Rating

Daniëls, H.A.M.; Kamp, B.; Verkooijen, W.J.H. - Tilburg University, Center for Economic Research - 1997

Feed forward neural networks receive a growing attention as a data modelling tool in economic classification problems. It is well-known that controlling the design of a neural network can be cumbersome. Inaccuracies may lead to a manifold of problems in the application such as higher errors due...

Persistent link: https://www.econbiz.de/10011091864

Finance and Growth for Microenterprises : Evidence from Rural China

Beck, Thorsten; Lu, L.; Yang, R. - Tilburg University, Center for Economic Research - 2013

Abstract: Using a survey dataset of Chinese rural households, we find that access to external finance is positively … associated with the decision to become entrepreneur, the initial investment for microenterprises and the use of external finance …. Also, we find that the use of informal finance is positively associated with sales growth of microenterprises with …

Persistent link: https://www.econbiz.de/10011092482

High frequency analysis of lead-lag relationships between financial markets

de Jong, Frank C. J. M.; Nijman, Theo - Tilburg University, Center for Economic Research - 1995

High frequency data are often observed at irregular intervals, which complicates the analysis of lead-lag relationships between financial markets. Frequently, estimators have been used that are based on observations at regular intervals, which are adapted to the irregular observations case by...

Persistent link: https://www.econbiz.de/10011092524

Decision Making in the Pension Fund Board Room : An Experiment with Dutch Pension Fund Trustees

van Dalen, H.P.; Henkens, K.; Koedijk, C.G.; Slager, A.M.H. - Tilburg University, Center for Economic Research - 2010

We ask how pension fund trustees deal with the booms and busts that funds encounter, and to what extent the decisions of pension fund trustees are affected by behavioral biases. We examine these issues by using a vignette-method field experiment among Dutch pension fund trustees. We find that...

Persistent link: https://www.econbiz.de/10011092529

Country and Consumer Segmentation : Multi-Level Latent Class Analysis of Financial Product Ownership

Bijmolt, T.H.A.; Paas, L.J.; Vermunt, J.K. - Tilburg University, Center for Economic Research - 2003

The financial services sector has internationalized over the last few decades.Important differences and similarities in financial behavior can be anticipated between both consumers within a particular country and those living in different countries.For companies in this market, the appropriate...

Persistent link: https://www.econbiz.de/10011092724

Announcement effects of convertible bond loans versus warrant-bond loans : An empirical analysis for the Dutch market

de Roon, F.A.; Veld, C.H. - Tilburg University, Center for Economic Research - 1995

This study investigates the announcement effects of offerings of convertible bond loans and warrant-bond loans using data for the Dutch market. Using standard event study methodology it is found that on average stock prices show a positive but insignificant abnormal return for the announcement...

Persistent link: https://www.econbiz.de/10011092869