Search results for "Econometric"
showing 10 items of 3780 documents
Limit theorems and price changes in financial markets
1998
Abstract We discuss the relation between limit theorems in probability theory and price change statistics in financial markets. An analysis of the published empirical results and theoretical models show that the problem of the statistical properties of price (or index) changes is still open. By using the limit theorems of probability theory and the current assumption that stock prices are well described by martingales, we point out that the probability density function (PDF) of price changes is expected to belong to theclass of infinitely divisible PDFs.
On the influence of context-based complexity on information search patterns: An individual perspective
2014
Although context-based complexity measured as the similarity and conflict across alternatives is dependent on individual preference structures, existing studies investigating the influence of context-based complexity on information search patterns have largely ignored that context-based complexity is user- and preference-dependent. Addressing this research gap, this article elicits the individual preferences of decision makers by using the pairwise-comparison-based preference measurement (PCPM) technique and records individuals' search patterns using eye tracking. Our results show that an increased context-based complexity leads to an increase in information acquisition and the use of a mor…
The law and the risks of stability and integrity for financial institutions
2011
Purpose – There are ever growing relations and mutual influences between law and global economic context: so, there arises the need for them to be investigated in a legal perspective, which is the aim of this paper.Design/methodology/approach – The method used tries to combine the empirical observation of the legal and economic reality in today's world and a few essential theoretical foundations such as the freedom to dispose of one's rights by wave of contractual instrument.Findings – The dramatic crisis that the global world has had to face over the past few years compels legal scholars to revisiting process of traditional categories in order to adapt them to society's changing problems.R…
Self-Selection into Exports: Productivity and/or Innovation?
2009
Abstract Recent research has related the firm decision to export with firm innovation activities and productivity. The aim of this paper is to disentangle the direct and indirect links through which self-selection into exports, coming both from productivity and innovation, may operate. For this purpose we use Spanish manufacturing firm data for the period 1990–2000, drawn from the Encuesta sobre Estrategias Empresariales. The main results we obtain can be summarized as follows. First, there is a self-selection into exports direct effect coming from productivity. Second, there is also a self-selection indirect effect into exports stemming from productivity to the probability of exporting thr…
University Management with Focus on Multicriteria Performance Evaluation: Illustration in the Brazilian Context
2015
Public universities have been facing situations that impel them to improvements in its management towards excellence in reaching, with quality, the objectives for which they were constituted, i.e., to offer teaching, research and extension. In this context, it is up to the managers of the universities to act proactively. The literature points out that the internal control systems are managerial tools capable of providing information for the manager’s actions in his/her activity; however we notice that the academic literature devoted to this demand is still scarce, especially as regards support for decision-making considering organizational specificities. Given the importance of the manager'…
Cost Management in the Public Sector: Legitimation Behaviour and Relevant Decision Making
2016
This paper presents a case study where a cost management project was implemented using action research methodology at two Finnish organizations working in a purchaser–provider relationship. While the study demonstrates the efficiency-seeking motive behind the implementation of the management accounting tool, subsequent investigation found that tool remained partly unused despite showing its potential relevance for practice through user involvement. However, this does not necessarily signal legitimation-seeking behaviour. Reasons for not using some parts of the tool point to an overestimation of the functionality and an underestimation of implementation problems during the design process. Th…
Mines and quarries production: A driver analysis of withdrawals in Italy
2020
Abstract The growing demand for non-energy mineral resources has determined relevant withdrawals as well as import-export flows. This paper aims to disentangle the drivers of raw non-energy mineral resources extraction in Italy. Using a new dataset of raw resources extracted from mines and quarries in the 21 Italian regions (19 regions and 2 autonomous provinces of Trento and Bolzano) for the period 2013–2016, our empirical analysis confirms the relevance of mining and quarrying producer price index as well as the manufacturing and construction sectors as main drivers. In line with the Hotelling (1931)'s theory, a positive relationship between m&q mineral resources extraction intensity and …
The extensive and intensive margins of Spanish trade
2011
Recent empirical research highlights that differences in trade flows across countries, products and years are governed by two margins: the intensive margin and the extensive margin. The analysis of the relative contribution of each margin is very important to determine which policies can be more efficient to foster trade at the aggregate, geographic, product or firm level. We use the whole universe of firm level transaction data to analyse the relative contribution of these margins to changes in Spanish trade flows during the 1997–2007 period. We first apply the methodology proposed by Bernard et al. (2009) to decompose trade variation over time into three components: net entry of firms, pr…
Economic lot scheduling on multiple production lines with resource constraints
2003
Abstract This paper deals with the multiple production line economic lot scheduling problem, where some items cannot be produced concurrently since they compete for some discrete resources. In particular, cyclic schedules are sought for a problem where identical production lines are present, lost sales are allowed, and minimization of the long-range production, setup, inventory, and shortage penalty costs are required. A heuristic procedure for this problem is introduced, a numerical example is worked out and some computational experiments are presented.
Trends and cycles in U.S. job mobility
2021
Recent studies document a decline in U.S. labor-market fluidity from as early as the 1970s on. Making use of the Annual Social and Economic (ASEC) supplement to the Current Population Survey (CPS), I uncover a pronounced increase in job-to-job mobility from the 1970s to the 1990s, i.e., the annual share of continuously employed job-to-job movers rises from 5.9 percent of the labor force in 1975–1979 to 8.8 percent in 1995–1999. Job-to-job mobility exhibits a downward trend only since the turn of the millennium. In order to provide a formal economic interpretation, I additionally estimate the parameters of the random on-the-job search model. Furthermore, I document that job-to-job mobility h…