Directory UMM :Data Elmu:jurnal:I:International Review of Economics And Finance:Vol9.Issue3.July2000:
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He decided that investors' decisions must mainly hinge on predictions of cash flows: ``the property of an asset that financial statement users would most like to know is its cash
In this paper, we study the potential of stocks as a hedge against inflation for different investment horizons. We show that stocks can be a hedge against inflation even if
The Vancouver Composite Index fell by over 25 percent in less than 6 weeks during spring 1997 as the junior mining sector collapsed. We argue that this market collapse was triggered
An increase in the profit tax rate from 0 to 0.10 would increase the domestic output and market share of the host firm, and lower the on-site production of the MNC such that the
In Table 1, for example, for a level of credit risk of 5 percent (a value of credit risk that is considerably above average but well within quarterly estimates for individual
Although concrete evidence is not obtained as to whether the exchange rates are fractionally cointegrated, the d estimates of the error correction term suggest that the exchange
It is possible that if Weber had estimated Okun’s coefficient from a dynamic regression equation by including the impact coefficient, these estimates would have been close to
We show that (1) joint ownership can be superior to the other ownership structures by overcoming vertical externality of double marginalization; (2) collusive outcomes, however,
