Search results for "finance"
showing 10 items of 4676 documents
Analysis of the determinants of entrepreneurial intention: the case of Burkina Faso
2018
International audience; In this study, we propose to analyze students' entrepreneurial intention, drawing on Lazear's (2004) self-selection model. This model captures the role of "human capital" in employment assignment and emphasizes the importance of the variety of skills in the individual's entrepreneurial orientation. For this purpose, we have a database collected in 2017 from over 1000 students at Ouaga I and Ouaga II universities in Burkina Faso. The results of estimates obtained using the quantile regression method show a positive and significant effect of the diversity of skills on the intention score, mainly at the median level. Even if the effect is not strong, this result support…
Le non-renvoi des QPC. Unité ou diversité des pratiques de la Cour de cassation et du Conseil d'État
2018
ISBN : 978-2-37032-164-0; National audience; L'étude du non-renvoi des questions prioritaires de constitutionnalité (QPC) par les Cours suprêmes présente un caractère singulier à bien des égards et notamment car elle touche à l'office du juge ; à son discours et au contrôle des lois par rapport à la norme suprême. Aussi surprenant soit-il, et bien que le mécanisme de la QPC soit effectif depuis le 1er mars 2010, aucune analyse globale n'a été réalisée sur cette problématique, alors même qu'elle permettrait de préciser le contenu des modalités de renvoi qui conditionnent les chances de succès des recours ; de délimiter l'office des Cours suprêmes, et d'observer le cas échéant, son élargissem…
Economic policy uncertainty effects for forecasting future real economic activity
2018
Recently introduced measures for Economic Policy Uncertainty (EPU) included in the data from 1997 - 2016 have a role in forecasting out-of-sample values for the future real economic activity for both the euro area and the UK economies. The inclusion of EPU measures, either for the US, the UK or for overall European economies, improves the forecasting ability of models based on standard financial market information, especially for the period before the 2008 global crisis. However, during and after the crisis period, the slope of the yield curve and excess stock market returns improves the out-of-sample forecast performance the most compared to an AR-benchmark model. Hence, the EPU informatio…
Stock Market Integration and the Global Financial Crisis
2014
We study the dynamics of stock market integration and its consequences during the recent financial crisis for twenty-three developed and sixty emerging markets. We find that integration increased slightly for emerging markets but decreased for developed countries during the crisis. Moreover, we argue that the high degree of integration propagated the crisis across the global financial markets at the beginning of the crisis, but it had little effect during the crisis. We also find that integration is mostly affected by financial openness, the institutional environment, and global financial uncertainty but that these determinants vary slightly between emerging and developed markets.
Small fish in big ponds : Connections of green finance assets to commodity and sectoral stock markets
2022
We analyze return and volatility connectedness of the rising green asset and the well-established US industry stock and commodity markets from September 2010 to July 2021. We find that the time-varying return and volatility connectedness have exhibited serious crisis jumps. Some individual assets of both the green and commodity markets are in connection to the US sectoral stock market returns, and the volatility connections are even more common than the return connections. Furthermore, some financial and economic uncertainty indicators manifest positive impacts from the volatility of some `big pond markets for e.g. commodities, whereas some others affect the connectedness negatively. Additi…
Finland’s great depression of the 1990s: Lessons about financial reform based on econometric macro evidence
2020
The paper re‐examines the Finnish Great Depression of the 1990s, based on an open macro model, with specific dummy variables to identify the initial effects of liberalized financial markets and capital mobility, and of the Russian trade collapse. It is shown that the explosive credit expansion resulting from the simultaneous liberalization of the financial markets and international capital movements in 1986 has played the most important role in explaining the uncontrolled growth and the subsequent depression in 1989 in real economic activity in Finland. Their effects were strengthened by a vicious circle between the financial and asset markets. The Russian trade collapse in 1991 had a small…
Cost that is Directly Incurred as a Result of Operating the Train Service on the 1520 mm Rail with Primarily Freight Transportation
2016
AbstractUnder the Directive 2012/34/EU (21 November 2012) “the charges for … [rail] infrastructure … shall be set at the cost that is directly incurred as a result of operating the train service”. This charging rule is new for Baltic States’ railways, where due to the favorable geographic position a full cost application without detalization was possible. Although, a big number of relevant studies on the issue was made in EU, all of them covered only 1435mm railways with primarily passenger transportation. This study has been made in order to understand the impact of train operating on 1520mm rail infrastructure with primarily freight transportation.A gradual model of infrastructure chargin…
Reputation and financial reporting in Finnish public organizations
2021
PurposeThis article analyzes the links between financial reports and reputation in the context of Finnish public sector organizations. In general, the paper discusses the accounting treatment of intangible and tangible assets and the quality and relevance of public sector financial reporting.Design/methodology/approachFor data, we combine three data sets: financial statement information of eight anonymous Finnish public organizations, the results of a reputation survey among their key stakeholders (N = 914) and a sample of the social media sentiment around the organizations.FindingsOur findings suggest that a decrease in spending and, surprisingly in the nonprofit sector, an increase in the…
Advanced Services and Regional Integration. The Case of the CEECs
2005
Working Papers on Services, Space, Society (WPSSS17)http://www.gees.bham.ac.uk/research/ssru/papers/wpsss17.pdf
L'attività normativa del governo nel periodo 2009-2012
2020
L’articolo descrive l’attività normativa del governo nel periodo 2009-2012. Sono stati numerosi gli sforzi nell’azione di contenimento della spesa, finalizzata a conseguire la correzione sostanziale e duratura dell’andamento dei conti pubblici. Altrettanto strategica è stata la politica di liberalizzazione, apparsa prioritaria per la crescita economica del Paese e perseguita attraverso importanti provvedimenti. The article describes the legislative and regulatory activity of Government in the period 2009-2012. There have been numerous efforts to contain the public expenditure, aimed at achieving the substantial correction of the trend in public finances. The liberalization policy was strate…