Firm Selection and Corporate Cash Holdings -- by Juliane Begenau, Berardino...
Among stock market entrants, more firms over time are R&D-intensive with initially lower profitability but higher growth potential. This sample-selection effect determines the secular trend in U.S....
View ArticleCEO Behavior and Firm Performance -- by Oriana Bandiera, Stephen Hansen,...
We measure the behavior of 1,114 CEOs in Brazil, France, Germany, India, UK and US using a new methodology that combines (i) data on every activity the CEOs undertake during one workweek and (ii) a...
View ArticleTraining Contracts, Employee Turnover, and the Returns from Firm-sponsored...
Firms may be reluctant to provide general training if workers can quit and use their gained skills elsewhere. "Training contracts" that impose a penalty for premature quitting can help alleviate this...
View ArticleInternational Inflation Spillovers Through Input Linkages -- by Raphael A....
We document that observed international input-output linkages contribute substantially to synchronizing producer price inflation (PPI) across countries. Using a multi-country, industry-level dataset...
View ArticleFinancial Cycles with Heterogeneous Intermediaries -- by Nuno Coimbra, Helene...
This paper develops a dynamic macroeconomic model with heterogeneous financial intermediaries and endogenous entry. It features time-varying endogenous macroeconomic risk that arises from the...
View ArticleA Head-to-Head Comparison of Augmented Wealth in Germany and the United...
We provide levels of, compositions of, and inequalities in household augmented wealth - defined as the sum of net worth and pension wealth - for two countries: the United States and Germany. Pension...
View ArticleGreat Interview Question!
On Friday, I moderated a panel discussion at Bryant University's 20th Annual Women's Summit. One audience member asked the panelists to describe their favorite interview question. Gerardine Ferlins,...
View ArticleReadout From A Treasury Spokesperson On Secretary Mnuchinâs Meetings...
In his meetings on March 18, 2017, in Baden Baden, Germany, with People's Bank of China Governor Zhou Xiaochuan and Chinese Minister of Finance Xiao Jie, U.S. Treasury Secretary Steven T. Mnuchin...
View ArticleESMA Sees High Market And Valuation Risk Amid Substantial Political And...
The European Securities and Markets Authority (ESMA)’s latest report on Trends, Risks and Vulnerabilities No. 1, 2017 (TRV) identifies political and policy uncertainty – such as potential repercussions...
View ArticleBorsa Ä°stanbul Announces Constituent Changes To The BIST Equity...
All changes will be applied after the close of business on Friday, March 31, 2017 and will be effective on Monday, April 3, 2017.read more...
View ArticleDIFC Authority Has Announced For Public Consultation A Proposed New Companies...
The Dubai International Financial Centre Authority (“DIFC Authority”) wishes to enact legislation to enhance the current DIFC Companies Law regime, in order to bring it in line with international best...
View ArticleFinale Of The âAbu Dhabi Securities Exchange Virtual Stock Game...
The finale of the “Abu Dhabi Securities Exchange Virtual Stock Game Competition 2017” is set to kick-off this Thursday (23rd of March) on Abu Dhabi University’s campus. Organized by ADU’s College of...
View ArticleSGX Told To Enhance Recovery Processes Following Trading Disruption Last Year
The Monetary Authority of Singapore (MAS) has directed SGX to implement measures to enhance its recovery processes and operational resilience, following supervisory investigation into the trading...
View ArticleBats Europe Successfully Launches Buy-side Access To New European Equities...
Bats Europe, a CBOE Holdings, Inc. company and the region’s largest equities exchange operator, and BIDS Trading, L.P. (BIDS), the operator of the largest block trading alternative trading system (ATS)...
View ArticleIrish Stock Exchange: Nokia Corporation Lists â¬1.25Bn Notes On The...
Nokia Corporation, the Finnish multinational communications and information technology company, has listed €1.25bn in debt securities on the Main Securities Market (MSM) of the Irish Stock Exchange...
View ArticleAmendments To MIAX Options Rule 518, Complex Orders - Complex MIAX Options...
MIAX Options recently filed with the Securities and Exchange Commission to establish a new price protection feature, the Complex MIAX Options Price Collar. The MIAX Options Price Collar prevents...
View ArticleProductivity Puzzles: Speech Given By Andrew G Haldane, Chief Economist, Bank...
By common assent, economists do not agree on much. I have lost count of the number of jokes about economists whose punchline ends “and they still couldn’t reach a conclusion”. That is why Harry S...
View ArticleNew approaches in agent-based modeling of complex financial systems....
Agent-based modeling is a powerful simulation technique to understand the collective behavior and microscopic interaction in complex financial systems. Recently, the concept for determining the key...
View ArticleDirect observation of high-frequency traders' strategies and theoretical...
Brownian motion has been a pillar of statistical physics for more than a century, and recent high-frequency trading data have shed new light on microstructure of Brownian motion in financial markets....
View ArticleA New Class of Discrete-time Stochastic Volatility Model with Correlated...
In an efficient stock market, the returns and their time-dependent volatility are often jointly modeled by stochastic volatility models (SVMs). Over the last few decades several SVMs have been proposed...
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