[PDF] Top 20 Three Essays on Structural Models

... the structural model used may not be rich enough to su ffi ciently capture all relevant features of the capital struc- ture ...a structural model to compute the debt damages ribbon, the price change ... See full document

... Reiss, 2008 and Kirchkamp, Poen, and Reiss, 2009 consider the outside option from a different perspective. In their models, the outside option is a payoff received by a buyer if he fails in the auction. This idea ... See full document

... imations, three parameters: the inverse elasticity of demand (ν), the price stickiness (φ), and the steady state of government spending (1/g) fail to be globally ...these three parameters become glob- ally ... See full document

... Note: The table presents the results of additional analyses that test different dependent variables in the basic and expanded models (equations (6.1) and (6.2)). Columns 1-2 use a 2.5% winsorised z-score as the ... See full document

... agent models is impossible, since the classical setting of heterogeneous agent models assumes that agents face a potentially binding borrowing constraint that will result in a set of kinked policy ...agent ... See full document

... Several models were developed for the estimation of the reduction of load carrying capacity of timber with ...dependent structural reliability analysis of timber joist produced with Lophiraalata (Ekki) ... See full document

... Some theoretical models depart from classical models by modifying Bayes’ rule. Compte and Postlewaite (2004) is probably the most closely related to this paper. They model confidence-enhanced performance ... See full document

... With buyers being systematically misled as to quality, this is no ‘rational expectations’ equilibrium. Differential information is actively being exploited to the advantage those who know the true quality of the MBS that ... See full document

... This study examines the relationship between information uncertainty (hereafter IU) and momentum returns. IU refers to the ambiguity of new information as it relates to firm valuation. There will be more ambiguity ... See full document

... statistical models that have the aptitude to predict the direction of stock index returns, such as linear discriminant analysis, probit model, logit model and probabilistic neural networks, which were derived from ... See full document

... similar structural change around 2003 as well (figures ...the structural change happened in 2003, it suggests that the high frequency trading is associated with more jumps of the low-priced ...the ... See full document

... We obtained data from 112 published papers and unpublished projects. From each paper or project, separate data sets were created when there were different experiments, when there were different experimental conditions, ... See full document

... add the number of forest concessions awarded over time to different regions (col- umn (3)), the difference in difference estimator becomes significant 20 . An increase in corruption by one standard deviation decreases ... See full document

... Theoretical models in urban economics and economic geography are unanimous in their prediction that higher transport or commuting costs will lead to increased concentration of economic activity and ... See full document

... present three essays that comprise my doctoral dissertation. These essays are positioned in the area of inference with instrumental variables setups and model and moment ...the structural ... See full document

... Other literatures, however, take a more favourable view of the institutions in continental European economies. Much of the neo-corporatist literature has argued, for example, that economies with corporatist institutions ... See full document

... econometric models, without regard to business cycle behavior, applying such a high pass filter may be removing more low-frequency content than is perhaps ... See full document

... volatility models has led to large economic and statistical gains (Christoffersen, Jacobs, and Mimouni, 2010; Do- brev and Szerszen, ...the models mentioned above focus on a small number of ...HEAVY ... See full document

... In this paper, we revisit the question whether sell side security analysts anticipate the persistence (or predicted reversals) of accruals in future earnings. Analysis of this issue is important, because evidence shows ... See full document

... in structural inertia because longstanding organizational identity is deeply rooted in organizational routine (Hannan and Freeman, 1984; Tripsas and Gavetti, ... See full document