What drives the Implied Leverage Effect?
Is the "Leverage Effect" a Leverage Effect?
... "Leverage Effect" a Leverage Effect? Abstract The "leverage effect" refers to the well-established relationship between stock returns and both implied and ...
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What drives the comparability effect of mandatory IFRS adoption?
... comparability effect of mandatory IFRS adoption using a within-country matched sample of private firms as a control ...comparability effect of mandatory IFRS adoption to be clustered on public firms with ...
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What is Trustworthiness and What Drives It?
... An open question is whether adding a given motive (or a given combination of motives) has the same effect independently of the presence or absence of other motives. While our identification approach does not ...
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What Drives the S&P 500 Inclusion Effect? An Analytical Survey
... effect, we briefly discuss the institutional details regarding Index changes and then document price effects associated with inclusion. A. Institutional Details There are many reasons why Standard and Poor’s may ...
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Financial leverage and the leverage effect: A market and firm analysis
... financial leverage drives the dynamics of stock volatility, and quantify the leverage ...the effect of financial leverage on the dynamics of stock ...
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What Drives Commodity Prices?
... To further address the possibility that the first common factor measures the effect of the exchange rate on commodity prices, we report out-of-sample forecast exercise results in Table 4. We carried out ...
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What Drives Commodity Prices?
... 15 To further address the possibility that the first common factor measures the effect of the exchange rate on commodity prices, we report out-of-sample forecast exercise results in Table 4. We carried out ...
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What Drives Household Saving?
... Table 2 reports results for several other alternative speci cations of the Kalman lter. The estimation results change little when we use alternative measures of uncertainty and expected interest ratemodel M2 proxies ...
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What drives gasoline taxes?
... propensity scoring method to examine gasoline taxes differ in presidential from parliamentary regimes. They find presidential regimes have lower taxes than parliamentary ones. Besley and Rosen (1998) examine vertical tax ...
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The Effect of Leverage on Firm Growth
... think what is the optimal debt level that maximizes the firm’s profitability and allows the firm to take the projects with positive net present value and increase the growth of the ...an effect on the ...
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What Drives the Disposition Effect? An Analysis of a Long-Standing Preference-Based Explanation
... disposition effect is not as obvious as previously thought: in some cases, prospect theory does indeed predict a disposition effect, but in others, it predicts the ...disposition effect holds or ...
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What drives the 'August effect'?: an observational study of the effect of junior doctor changeover on out of hours work
... a proportion of the excess mortality and morbid- ity reported soon after changeover in several stu- dies. 6,7,18,19 This increase in urgent tasks may arise from inexperienced doctors being less likely to recognize ...
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What drives international portfolio flows?
... Section 5 – Disclaimer of Warranties and Limitation of Liability. a. Unless otherwise separately undertaken by the Licensor, to the extent possible, the Licensor offers the Licensed Material asis and asavailable, and ...
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What drives home market advantage?
... the effect of trade costs, including a direct effect of distance as well as a dummy to control for domestic trade, in a traditional iceberg-like ...car implied by profit maximization, since the ...
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What drives China's current account?
... response implied by the cross-equation restrictions and the one estimated directly and to check if the former is in the simulated confidence region estimated of the ...
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What Drives Differences in Management Practices?
... RTW effect is not on all managerial practices, but specifically over those related to incentives, which is exactly where we would expect this specific regulation to have its largest ...of what we would ...
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What drives differences in management practices?
... fixed effect in the cross section of plants, the coefficient on management is identified solely off the variation of management and productivity across plants within each firm in ...
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What drives mortgage fees in Australia?
... In line with the objectives of this paper and based on the relevant literature, we test the effect on total, ongoing and origination fees of the following variables: lender type, credit[r] ...
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What Drives Movements in Exchange Rates?
... understand what forces are driving the currency, because the causes of the change will have different implications for the Canadian economy and may require a different mone- tary policy ...the effect of ...
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What drives Venture Capital Syndication
... also driven by cooperating with a new partner. The diversity of partners in the network can therefore proxy for a more diversified portfolio of investments. Consequently, we need to distinguish two different perspectives ...
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