Directory UMM :Data Elmu:jurnal:E:Economics of Education Review:Vol20.Issue2.2001:
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With perfectly correlated domestic returns and the option to list internationally or domestically, the expected utility of the entrepreneur will increase by listing in both markets
Lehn and Poulsen (1991), commenting on Crabbe’s results, identify this bias as they state, “unfortunately, these are conservative estimates since the presence of event-risk cove-
This article uses long-term cross-country data to examine the Fisher hypothesis that nominal interest rates respond point-for-point to changes in the expected inflation rate..
This investigation indicates that the combination of the CEO and chairman of the board into one position may influence the internal control system of a banking firm in such a way as
Accord- ingly, in this plausible case, where the expected return on high-risk loans declines more rapidly with aggregate loan volume than does the equilibrium return on low- risk
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,
Out of the thirteen bilateral exchange rates, evidence of PPP is found for only one (the Mexican peso/U.S. dollar rate) under traditional tests for unit roots, while seven of
Taking the loan market setting with asymmetric information as a micro-foundation for investment, this paper further develops a macro model of a small open economy under the regime
