Directory UMM :Data Elmu:jurnal:I:International Review of Economics And Finance:Vol10.Issue1.2001:
Teks penuh
Dokumen terkait
Table 5 shows the results of the cross sectional regression for Event 9 abnormal returns from both the models with and without a risk-shift variable. The indicator variable for
The empirical validity of this economic model is investigated by employing daily returns for different national stock indexes, from 1972 through 1993, to construct a quarterly
competitive threat across markets, as done by Armstrong and Vickers (1993), and the difference in market demands, we have found that banning price discrimination may encourage
The article is organized as follows: section 2 presents the basic multi-sector model with physical and human capital accumulation; section 3 presents the intertemporal government
Moreover, these results are more consistent than those obtained by Fujihara and Mougoue (1997, p. 399), who were led by the inconsistency of the results to conclude that they
As each country shapes its offer, its critical task is to estimate the fixed cost to the firm of producing on its site, relative to the fixed cost to the firm of producing on the
(1) and (2) show that, given the expected rate of excess return on the benchmark asset, a rise in the expected real rate of excess return on the asset relative to the risk-
After observing that banks established one period earlier become insolvent and that the state of the economy indicates a positive correlation among the returns in the banking
