Search results for "Return"
showing 10 items of 354 documents
The new course of FITs mechanism for PV systems in Italy: novelties, strong points and criticalities
2011
The paper deals with the new course of the Feed-in Tariffs mechanism for photovoltaic systems that will start from January 1, 2011 in Italy with the actuation of the Government Decree DM 06/08/2010. After a short introduction on Feed-in Tariffs and Net-metering in Italy, the paper focuses the attention on an economical comparison between the incentives established by the Government Decree DM 19/02/07, ended on December 31, 2010 and those introduced by the DM 06/08/2010. The economical comparison is based on three indexes: the Pay Back Period, the Net Present Value and the Internal Rate of Return, characterizing the investments done for the realization of the photovoltaic systems. In particu…
Relaciones entre gestión corporativa y crisis financiera en el mercado de capitales español
2015
ResumenLa crisis financiera internacional impulsada por las noticias vertidas en agosto de 2007 ha tenido efectos devastadores sobre los mercados de capitales internacionales. El objetivo de este artículo se centra en verificar, en este contexto de crisis, si las empresas del mercado continuo español generan rendimientos anormales negativos, a la par que investigar qué factores ligados al gobierno corporativo podrían justificar estas anomalías. Nuestros resultados confirman que: a)cuando un mismo sujeto asume dirección ejecutiva y presidencia de la junta, en contra de todo pronóstico, ha tenido efectos beneficiosos sobre la gestión corporativa, permitiendo que esas anomalías se vayan diluye…
Graduate employment and the returns to higher education in Africa
2013
http://cemapre.iseg.utl.pt/educonf/2e3/files/submissions_to_web/Barounia%20Mahdi_Broeckeb%20%20Stijn.docx; In this paper, we estimate the return to higher education for 12 African countries using recent data and a variety of methods. Importantly, one of our methods adjusts for the effect of higher education on the rate of joblessness, which is substantial in most African countries, and particularly for women. Our results confirm that Mincerian coefficients cannot be interpreted as a true rate of return, and that the latter (even after taking into account the employment effect) is considerably lower than what has previously been suggested in the literature (less than half). For Sub-Saharan A…
Dyck paths with a first return decomposition constrained by height
2018
International audience; We study the enumeration of Dyck paths having a first return decomposition with special properties based on a height constraint. We exhibit new restricted sets of Dyck paths counted by the Motzkin numbers, and we give a constructive bijection between these objects and Motzkin paths. As a byproduct, we provide a generating function for the number of Motzkin paths of height k with a flat (resp. with no flats) at the maximal height. (C) 2018 Elsevier B.V. All rights reserved.KeywordsKeyWords Plus:STATISTICS; STRINGS
A survey on IVIVC/IVIVR development in the pharmaceutical industry – Past experience and current perspectives
2017
The present work aimed to describe the current status of IVIVC/IVIVR development in the pharmaceutical industry, focusing on the use and perception of specific approaches as well as successful and failed case studies. Two questionnaires have been distributed to 13 EFPIA partners of the Oral Biopharmaceutics Tools Initiative and to the Pharmacokinetics Working Party of the European Medicines Agency in order to capture the perspectives and experiences of industry scientists and agency members, respectively. Responses from ten companies and three European Agencies were received between May 21st 2014 and January 19th 2016. The majority of the companies acknowledged the importance of IVIVC/IVIVR…
Problemas en la estimación y en el contraste de los rendimientos anormales a largo plazo: Estado de la cuestión
2002
-Jose.E.Farinos@uv.es -Ana.M.Ibanez@uv.es El paradigma de la eficiencia ha sido puesto en entredicho en las últimas décadas como consecuencia de la obtención de rendimientos anormales, estadística y económicamente significativos, durante amplios periodos de tiempo tras algunas importantes decisiones empresariales. No obstante, los problemas conceptuales y estadísticos que presenta la medición y contrastación de los rendimientos anormales a largo plazo ha supuesto que la evidencia obtenida pase a calificarse como anomalía. Dada la escasa proliferación de este tipo de estudios en nuestro mercado y el desafortunado desarrollo de algunos de los existentes, en este trabajo presentamos estos prob…
The cost of equity and exchange listing evidence from the French stock market
1997
We reconsider the behaviour of prices around the period close to the listing on the Marché à Règlement Mensuel (RM). First, an event study based on a sample of 60 firms has been set up to test the existence of the exchange listing effect on the French market. Then we discuss and test the financial reasons which can justify abnormal returns around the announcement day and the day of the listing. We explore four reasons to explain the impact of the stock exchange listings: one is the informative content of the operation which induces an upward revision of the future earnings. Three other hypotheses rely on a decrease in the discount rate originated by less risky cash flows, an increase in tra…
An Exploratory Study of Financial Performance in CEE Countries
2020
Our research investigates the performance of companies from Central and Eastern European (CEE) countries in the period after the Global Financial Crisis of 2007-2009 with the aim of identifying the driving factors behind accounting- and market-based performance. We include in the analysis companies from various industries in CEE countries that are European Union members and we study their performance between 2008-2016 over the following areas of performance: liquidity, solvency and indebtedness, operational profitability, global performance (through Return on assets and Return on equity), returns available to shareholders and market-based performance (through price/book value and Tobin Q …
The effect of the launch of bitcoin futures on the cryptocurrency market: an economic efficiency approach
2021
We analyze the economic efficiency of the cryptocurrency market after the launch of Bitcoin futures by means of the Data Envelopment Analysis and Malmquist Indexes. Our results show that the introduction of Bitcoin futures did not affect the economic efficiency of the cryptocurrency market. However, we observe that Bitcoin obtained the highest risk-return trade-off due to its liquidity compared to the rest of cryptocurrencies. Therefore, our paper underlines the support of investors on Bitcoin to the detriment of the rest of cryptocurrencies.
Education and Employment: A Survey of French Research
1981
There is little doubt that at the end of the 1 960s, French research into the education-income relationship as a means of analysing also the relationship between training and employment remained unadvanced by comparison with work of this kind undertaken in English-speaking countries. Mainly attributable to a lack of appropriate data, this weakness incited the public authorities to develop, at the beginning of the 1970s, the gathering of such information, first on the cost of education, and then on wage levels. Thenceforth, the education-income relationship was subject to close analysis, while studies were carried out to elucidate the influence of variables other than education itself. Indee…