Search results for " Finance"
showing 10 items of 2924 documents
The European Regional Convergence Process, 1980-1995: Do Spatial Regimes and Spatial Dependence Matter?
2002
International audience; The authors show that spatial dependence and spatial heterogeneity matter in the estimation of the ß-convergence process among 138 European regions over the 1980 to 1995 period. Using spatial econometrics tools, the authors detect both spatial dependence and spatial heterogeneity in the form of structural instability across spatial convergence clubs. The estimation of the appropriate spatial regimes spatial error model shows that the convergence process is different across regimes. The authors also estimate a strongly significant spatial spillover effect: the average growth rate of per capita GDP of a given region is positively affected by the average growth rate of …
Le prix des paysages périurbains
2007
L'évaluation économique du prix des paysages périurbains utilise des analyses géographiques (occupation des sols, composition paysagère, distance à des biens paysagers, paysages vus : champ de vision, objets, formes). L'article fait le point sur la littérature en matière de méthode et de résultats et présente l'estimation du prix d'attributs paysagers dans la ceinture périurbaine de Dijon.
Predictive distributions that mimic frequencies over a restricted subdomain
2020
A predictive distribution over a sequence of $$N+1$$ events is said to be “frequency mimicking” whenever the probability for the final event conditioned on the outcome of the first N events equals the relative frequency of successes among them. Exchangeable distributions that exhibit this feature universally are known to have several annoying concomitant properties. We motivate frequency mimicking assertions over a limited subdomain in practical problems of finite inference, and we identify their computable coherent implications. We provide some examples using reference distributions, and we introduce computational software to generate any complete specification desired. Theorems on reducti…
Audit and Earnings Management in Spanish SMEs
2016
Abstract Evidence about the relation between earnings management and voluntary audits is scarce, and there is no research about the effectiveness of mandatory audits to improve earnings quality. Using a sample of Spanish SMEs, where some companies are mandatorily audited and some are exempt from audit, we examine if audits, either mandatory or voluntary, help to improve accounting quality by constraining earnings management. We also examine differences between voluntary and mandatory audits, as well as the role of Big 4 and Middle-Tier auditors. After controlling for other characteristics that affect earnings management, we find that audited companies have lower absolute discretionary accru…
A SYMMETRIC AND POSITIVE DEFINITE BEM FOR 2-D FORCED VIBRATIONS
1997
A BEM formulation for 2D elastodynamics in the time domain has been presented. The formulation gives a resolving system that involves boundary displacements only. The stiffness and mass matrices of the boundary discretized body are frequency independent, symmetric and positive definite
Free riding as méchanism
1998
Free-riding is methodologically puzzling. It is at the same time important and often not observed as an actual phenomenon. The paper explores the possibility of treating free riding as an underlying or causal mechanism. As such, free riding is to be treated as part of the real world rather than of the world of models or theories. However, the free riding mechanism is particularly prone to operate not in isolation but together with other mechanisms. This feature has consequences on issues such as empirical content, testability or relevance. These questions are discussed in the light of some recent work in philosophy of science and with special attention given to the development of experiment…
La réinsertion professionnelle des femmes
1973
Die Herausbildung von Zufriedenheits-urteilen bei Alternativenbetrachtung
1999
Traditional elements of competitive differentiation are declining. As industries and firms worldwide face increasing competition, slower growth rates, and price pressures, greater attention is being placed on customer satisfaction. However the research in satisfaction never consider alternatives, when customer satisfaction is formed. It has been the approach of this paper to present an extension for this circumstance. Therefor the regret theory, a diversion of the expectation utility theory, is used to explain the phenomena. According to this theory, each outcome has associated with it the evaluation of the difference between the outcome and the outcome that would have been received had a d…
A fuzzy ranking strategy for portfolio selection applied to the Spanish stock market
2007
In this paper we present a fuzzy ranking procedure for the portfolio selection problem. The uncertainty on the returns of each portfolio is approximated by means of a trapezoidal fuzzy number. The expected return and risk of the portfolio are then characteristics of that fuzzy number. A rank index that accounts for both expected return and risk is defined, allowing the decision-maker to compare different portfolios. The paper ends with an application of that fuzzy ranking strategy to the Spanish stock market.
MUNICIPAL FINANCE EQUALIZATION PROCESS IN LATVIA
2012
The municipal finance equalization calculations in Latvia presently take into account the demographic indicators, but they do not depict accurately the municipal finance requirements; in order to precisely determine these numbers, other consequential criteria should be accounted for as well, such as infrastructure or other aspects characterising the peculiarities or needs of a certain territory. Inclusion of these new criteria in the process of determining the need for financing could serve as the basis for improvements to the existing system. The purpose of this article is to analyze the municipal finance situation in Latvia, starting with 1998, to show the differences in their income and …