Search results for "ample"
showing 10 items of 2398 documents
A Study of Seasonality on the SAFEX Wheat Market
2015
This paper examines seasonality in returns and volatilities in the South African Futures Exchange (SAFEX) wheat futures contract in order to seek market inefficiencies that can be exploited for financial gain. Non-parametric and parametric-based techniques are used to study sample regimes before and after the peak in wheat prices that occurred during the global economic crisis in 2008. Findings of the study indicate that wheat returns on Mondays and Kansas City Board of Trade (KCBT) holidays are significant and positive while Tuesday returns are negative and significant. These seasonal patterns occur largely in the second sample of the wheat dataset. Furthermore, it is observed that volatil…
Success factors and barriers facing the innovative start-ups and their influence upon performance over time
2004
Based upon a sample of 18 start-up innovative firms, all of them located in the Bay Area of San Francisco, this study is intended to shed some light on the strengths, opportunities, weaknesses and threats usually common to the innovative start-up firms, gathered into five areas: funding, management, focus, personal profile and goals and growth strategy. Managerial and organisational hurdles prevail during the first stages of development, whereas most strengths fall into the funding, focus and personal profile categories. An update of the 18 firms under study in year 2002 certifies the innovation start-ups usually manage grow faster than the conventional SMEs.
A free press is bad news for corruption
2003
Abstract This paper tests the proposition that a free press may be a powerful control on corruption. We find evidence of a significant relationship between more press freedom and less corruption in a large cross-section of countries. This result is robust to specification and sample and the relationship is not sensitive to the choice of a particular measure of corruption or of press freedom. Furthermore we present evidence which suggests that the direction of causation runs from higher press freedom to lower corruption.
The monitoring role of female directors over accounting quality
2017
Recent research in accounting suggests female directors exert more stringent monitoring over the financial reporting process than their male counterparts. However, an emerging literature in finance and economics provides mixed findings and questions whether females in leadership roles significantly differ from their male counterparts. Building on this literature, we re-examine the link between the presence of female directors, gender biases, and financial statements quality. Using a large sample of UK firms we find that a larger percentage of women among independent directors is significantly associated with lower earnings management practices. However, we show that this relation disappears…
The Role of Capital and Liquidity in Bank Lending: Are Banks Safer?
2020
The aim of this paper is to examine whether and to what extent bank capital requirements and liquidity standards influence the level of bank stability. Our approach is that both capital and liquidity affect lending growth, which in turn affects bank stability. We construct a panel dataset on a sample of 2,054 commercial banks from 117 developed and developing countries during the 2000–16 period. By applying a two-stage least squares (2SLS) empirical methodology, our findings show that capital and liquidity have a negative direct impact on the level of bank stability. However, this influence is counteracted by an indirect positive effect through the increased level of credit. Our results are…
Typologie des cooperatives de credit espagnoles par la methode des groupes strategiques. Une etude empirique
1997
The objective is to apply the Strategic Groups approach to the sub-sector of credit cooperatives, organizations on which Strategic Groups analysis has not been applied yet although they are part of the banking sector. Therefore taking into account the theoretical arguments presented on SG, the authors apply them according to the following stages: identification of the group of banking organizations composing the object of the study (in this case, credit cooperatives) while analysing their main characteristics; choice of the subset of banking organizations forming the analysed sample; determination of key strategic variables to define credit cooperatives’ strategies; and application of the r…
Environmental performance: an index number approach
2004
Abstract Tyteca [J. Environ. Manage. 46 (1996) 281] reviews the literature on environmental performance indicators. In that paper he calls for an index that simultaneously accounts for resources used, good outputs produced and pollutants or undesirable outputs emitted. Here, we provide a formal index number of environmental performance which can be computed using data envelopment analysis (DEA) techniques. The implicit benchmark is that of finding the highest ratio of good to bad outputs. Our environmental performance index is constructed from distance functions which implies that it satisfies a number of desirable properties. Since the component distance functions require only information …
Regional inequalities, economic crises and policies: an international panel analysis
2021
This paper examines the effects of economic downturns on regional inequalities. In a sample of 25 OECD countries for 1990–2014 period, we show that economic downturns are associated with a significant and long-lasting reduction in regional inequalities. Expansionary fiscal policy as well as higher share of the European development (cohesion) funds facilitate the response of lagging regions to negative nation-wide shocks, contributing to further stimulate the reduction in regional disparities. Additional evidence suggests that the effect of downturns tends to be larger in economies with a higher initial level of regional disparities in unemployment and human capital endowment.
Trade effects of monetary agreements: Evidence for OECD countries
2008
Abstract This paper analyses the effects of monetary agreements on trade flows using a sample of 25 OECD countries over the period 1950–2004. We find that these agreements have boosted intra-bloc trade. This result especially applies to the case of the euro. More importantly, in contrast to regional trade agreements, all monetary agreements analysed show evidence of trade-creating effects with third countries. Finally, only the euro shows a symmetric impact for the trade-creating effect with non-members, that is, using the euro promotes both the Eurozone's exports and its imports to non-Eurozone markets to a similar extent.
The impact of social capital and collaborative knowledge creation on e-business proactiveness and organizational agility in responding to the COVID-1…
2020
The purpose of this study is to explore the role of social capital and collaborative knowledge creation in achieving e-business proactiveness in responding to the COVID-19 crisis An online survey was used to collect data from industries that had to continue working during the crisis, such as the pharmaceutical and cleaning materials sectors The sample consisted of 198 managers The findings show that social capital and collaborative knowledge creation have a significant role in achieving e-business proactiveness in responding to the pandemic The results also show the positive impact of collaborative knowledge creation and e-business proactiveness on organizational agility during the crisis T…