Search results for "InVEST"
showing 10 items of 2596 documents
The Impact of Lbos on Investment Policies and Operations of Acquired French Firms
2002
This paper evaluates the extent that French LBO targets’ investment policy and operations can account for their overperformance discrepancy. Our empirical study has been carried out on 132 French LBOs between 1989 and 1994. The results show that the abnormal plunge in economic return cannot be explained by overinvestments or by inefficient working capital management. Nevertheless, abnormal increases in wages, supplies and/or sales price reductions appear to be prominent.
Romanian Equity Investments and Currency Risk: A Euro-Based Perspective
2021
Abstract This paper assesses the benefits and risks of international investments made on the Romanian stock market, from the perspective of euro-based investors. We investigate the contribution of exchange rate volatility to the total risk of these investments over a period of nine years, between January 2011 and December 2019, by using monthly values for the exchange rate between the Romanian leu and Euro and monthly values of the Romanian stock index. Our findings indicate that, on average, Romanian leu depreciated against euro, causing currency losses for the euro-based investor, counterbalanced by the Romanian index mean return, higher than euro countries index mean return during the pe…
An analysis of recent research on venture capital networks
2019
Purpose – this paper examines recent trends in venture capital network research. Network analysis is a useful approach for analyzing inter-organizational networks, especially for venture capitalists, which are characterized by plenty of connections. Although important steps ahead have been made, several research questions are still unanswered. Research methodology – this brief review analyses deeply three papers which are representative of the novel scientific literature in this field. Scrutinizing these works, I identify their points of strength and weaknesses, in order to understand how to pave the way for further research. Findings – this paper shows that the study of network weak ties a…
L'apport du sentiment de l'investisseur dans l'explication des crises boursières : Une analyse en données de panel
2011
Un debat tres anime portant sur le lien entre les aspects comportementaux des investisseurs et les marches financiers s’est largement developpe au cours de la derniere decennie. La presente etude teste l’impact du sentiment de l’investisseur sur un panel de marches boursiers internationaux. Nous etudions l’influence du sentiment de l’investisseur sur la probabilite de survenance des crises boursieres. Nos resultats montrent que les crises boursieres sont precedees de periodes de montee de l’euphorie des investisseurs.
The Value Relevance of Risk Disclosure: An Analysis of the Banking Sector
2020
The aim of this study is to test whether financial risk disclosures required by IFRS 7 and Pillar 3 are value relevant for investors to support them in their investment decisions. The sample in the...
Banks’ business strategies on the edge of distress
2019
AbstractThe paper investigates the importance of banks’ business classification in shaping the risk profile of financial institutions on a global scale. We employ a rare-event logit model based on a state-of-the-art list of major global distress events from the global financial crisis. When clustering banks by their business strategies using a community detection approach, we show that (i) capital enhanced resilience only for traditional banks that were on average less capitalized than other banks; (ii) boosting ROE, usually associated with riskier exposures, improved resilience for stable funded and asset diversified banks; (iii) conversely, higher levels of ROA exacerbated banks’ vulnerab…
From electric mobility to hydrogen mobility: current state and possible future expansions
2020
The expansion of electric vehicles in Italy, has already started a few years ago, but some aspects prevent its expansion. Currently users prefer hybrid technology, mainly due to socio-economic factors related to initial investment and anxiety about autonomy. The aim of the document is to understand if the adoption of Fuel Cell technology can be a solution to overcome the problems of environmental pollution. The possibility to be able to use fuel cells to store electricity is very advantageous, especially on charging times that are significantly reduced. Based on the current situation and analyzing the available data, this work reports the current state of electric mobility in Italy and trie…
Screening of Foreign Direct Investment and the States’ Security Interests in Light of the OECD, UNCTAD and Other International Guidelines
2021
AbstractThis chapter analyses the concept of the “national security interest”, which is widely recognised as allowing a state to determine which areas of its economy are restricted or prohibited to foreign investors. This chapter seeks to identify what constitutes a threat for a state and how that threat is managed both domestically and internationally. Despite the recognition of a state’s right to take measures it considers essential to its security, there are limits. The rules established by the Organisation for Economic Co-operation and Development (OECD) and the United Nations Conference on Trade and Development (UNCTAD) and other international instruments are non-binding but can serve …
PNA
2007
Resumen basado en el de la publicación Se presentan algunos de los resultados más relevantes de un estudio sobre la problemática de la enseñanza y el aprendizaje de los números complejos. Para ello se presenta un cuestionario en el que se ha planteado a un grupo de 19 alumnos de primero de la Licenciatura de Matemáticas una serie de problemas relacionados con la materia. Este estudio está dirigido a recabar información para sustentar sugerencias de intervención en las pautas educativas en relación con esta temática. Se concluye que los alumnos presentan dificultades e inconsistencias al responder a las tareas del cuestionario y se cuestiona la educación recibida por los alumnos en lo que se…
Marx's critique of ideology for discourse analysis: from analysis of ideologies to social critique
2018
The notion of ideology is related to social and material reality and especially to the processes of social reproduction. Therefore, the analysis of ideology seems to fall into the domain of discourse analysis. The analysis of language and practices of signification in social contexts constitutes the basic triangle of discourse analysis. However, the Marxist concept of ideology always refers to some kind of falsity, that ultimately enables the researcher to not only analyse but also to criticize ideologies. Ideologies are always in some way false, injust or inadequate. It is at this point that discourse analysts usually raise the most serious objections as they understand truth itself as a d…