evidence from european stock exchanges

... board on firm performance: evidence from stock market of Vietnam" to find out how is the impact of the responsibility of the Board of Directors on the firm performance From there, the research ... with the largest market capitalization listed on the stock exchanges in Vietnam including Ho Chi Minh City Stock Exchange (HOSE) and Hanoi Stock exchange (HNX) in 2011 Data is collected for the ... the board of directors and firm performance: Evidence from Spanish non-listed family firms Board independence and corporate performance: Evidence from Malaysia Effective Oversight Roles of Board...

Ngày tải lên: 22/10/2015, 13:28

... information across stocks, a system-theoretic approach is employed where explicitly interdependence of stocks is exploited The findings from both methods were consistent providing evidence for significant ... the daily closing of nine bank common stock prices listed in the Athens Stock Exchange (ASE) from 14/11/1997 to 16/11/2000 providing 785 observations for each stock The banks included in the sample ... provided strong evidence in favour of a significant sensitivity of bank stock returns to interest rate movements Furthermore, the sensitivity is far from uniform implying that each stock exhibits...

Ngày tải lên: 22/03/2014, 17:20

Ngày tải lên: 18/05/2015, 03:42

... between 1990 and 1992 from 17 million shares to 272 million shares, an increase of 15 times From 1993 to 1996, it declined from the level reached in1992 with an increasing trend From 1997 on, the ... of stock splits The first feature, which gives the signal of stock split policy its distinctiveness is that all previous stock split studies documented in empirical literature investigate stock ... positive and significant stock market response in the Hong Kong stock market (Wu and Chan 1997) Thus, it is clearly apparent from these well-documented studies that stock splits are no longer...

Ngày tải lên: 30/09/2015, 16:34

... is drawn from Yahoo Finance, consisting of daily returns of the Shanghai Stock Exchange Composite Index, the Shenzhen Stock Exchange Component Index and the S&P 500 Index The Shanghai Stock Exchange ... volatility of Shanghai stock market………………………………… 34 Conditional volatility of Shenzhen stock market………………………………… 38 Plot of conditional correlation between Shanghai and the U.S stock markets…….41 ... correlation between Shenzhen and the U.S stock markets……46 Conditional variances of Model for Shanghai stock market…………………… 52 Conditional variances of Model for Shanghai stock market…………………… 54 Conditional...

Ngày tải lên: 03/10/2015, 21:57

... payout ratios: Evidence from listed companies on Ho Chi Minh Stock Market for the period of 2008-2012 would not have been possible without valuable contribution of all teachers from school of ... year they are paid The latter, that is, the stock dividends are those made payment in the form of supplementary stock/ stocks of the issuing firm Commonly, stock dividends are issued in fraction to ... quantitative approach Data are not collected from directly respondent, instead published reports from HOSE are utilized Data from year 2008 to 2012 are taken from this report This follows the secondary...

Ngày tải lên: 22/10/2015, 13:17

... (Dummy variable list or unlisted) JSFI Joint -Stock Financial Institution JSCI Joint -Stock Credit Institution JSCB Joint -Stock Commercial bank JSFC Joint -Stock Financial Company VCGI Vietnam Corporate ... sampling in three years from 2009 to 2011 + There are observations (Bac A Commercial Joint Stock Bank, Viet Nam Thuong Tin Commercial Joint Stock Bank, Handico Finance Joint Stock Company) which ... The research will be conducted on Vietnam joint stock credit institutions It is revealed from the analysis of 42 JSCIs for specific period of time from 2009 to 2011 that there is a positive association...

Ngày tải lên: 22/10/2015, 13:28

... firms face ecological requirements from foreign buyers they import ecologically qualified raw material from more advanced textile countries rather than choose from domestic textile producers However, ... stakeholders’ demand (from customers, suppliers, green groups, environmental legislatures etc.) Also are there internal pressures contributing to such changes One of the main conclusions from Annandale ... inequality measurement) only showed a tiny increase from 1993-1998 It is widely recognized that the vast majority of Vietnamese people have gained from the reform process (Tran Thi Que, Vo Tri Thanh...

Ngày tải lên: 24/08/2013, 18:48

... amphibolitic facies conditions which corresponded to the temperature and pressure varying from 550oC to 780oC and from 3kbar to 7kbar respectively [2] Systematically radiochronological studies of the ... Southeast Asia In North of Vietnam, it extended for over 200km from Lao Cai to Viet Tri in NW-SE direction while its width varied only from 10 to 20km Actually, this range is bounded in the north ... orientated in NW-SE direction with the plunge varied from to 20o All kinematic indicators indicated predominantly sinistral shear sense at various scale from regional to thin section one Tectonic setting...

Ngày tải lên: 13/02/2014, 12:20

... quote a standard error for the carbon stock at one time of 0.6% of the stock, but a standard error for the change in carbon stock of 0.06% of the stock (from Table in Phillips et al (2000), calculated ... change in stock for all five states, and expressing as a percentage of the stock at time 1) This is in stark contrast to the simple expectation of summing the standard errors from the two stock estimates, ... was caused by a loss of several pine species from natural forests (from harvesting and succession, Fig 4), and by loss of slash pine (Pinus elliotii) from pine plantations The increase in monoterpene...

Ngày tải lên: 14/02/2014, 08:20

... Second, we extracted daily prices and stocks from the 41 CRSP stock files based on the permnos We have a total of 21,741 stock- day observations spanning 75 stocks corresponding to a subset of loans ... for loans, or a value-weighted NYSE/NASDAQ/AMEX index for stocks) is subtracted from the loan or stock daily return respectively We find evidence consistent with both hypotheses H1 and H2 as outlined ... bankruptcy 5.6 Loans versus stocks We next examine whether our loan-bond results extend to loan -stock pairs Moreover, comparing the price reaction of loans relative to stocks serves as a direct,...

Ngày tải lên: 16/02/2014, 02:20

... approach to estimate true income from bank data is based on a causal relationship that individuals must have income (or ‡ ows from wealth) to service debt We start from bank credit decision models: ... Times published a story about Larissa, a precinct in central Greece bene…tting from transfers and subsidies from the European Commission This precinct was reported to have the highest density of ... Noncompliance with Evidence from Unaudited Tax Returns." Economic Journal, Vol 117(51), pp 327-352 31 Feinstein, Jonathan S., 1999 “Approaches for Estimating Noncompliance: Examples from Federal Taxation...

Ngày tải lên: 16/02/2014, 03:20

... Effect of Bank Distress: Evidence from the 2007-2008 Financial Crisis’ Cetorelli, Nicola, and Linda Goldberg (2010) ‘Global Banks and International Shock Transmission: Evidence from the Crisis.’ NBER ... (2005) ‘Are Banks Really Special? New Evidence from the FDIC-Induced Failure of Healthy Banks.’ The American Economic Review 95(5), 1712–1730 (2006) ‘New Evidence on the Lending Channel.’ Journal ... Evidence from a Natural Experiment.’ 1147 Iyer, Rajkamal, Samuel Lopes, Jose-Luis Peydro, and Antoinette Schoar (2010) ‘Interbank Liquidity Crunch and the Firm Credit Crunch: Evidence from the...

Ngày tải lên: 16/02/2014, 03:20

... Finance-Growth Nexus: Evidence from Bank Branch Deregulation.” Quarterly Journal of Economics 111(3): 639– 70 ——— 1998 “Entry Restrictions, Industry Evolution, and Dynamic Efficiency: Evidence from Commercial ... the United States, banks from other states were long viewed as foreign, and most states strictly forbid entry by banks from other states until the mid-1970s Even banks from other cities within ... can sort out integration stemming from endogenous forces—such as banks’ appetite to enter new states when the incumbent banks are weak from integration stemming from policy changes We also have...

Ngày tải lên: 16/02/2014, 10:20

... efficient than public banks? Evidence from Russia ISBN 978-952-462-897-6 ISSN 1456-5889 (online) This paper can be downloaded without charge from http://www.bof.fi/bofit or from the Social Science ... more efficient than public banks? Evidence from Russia Alexei Karas, Koen Schoors and Laurent Weill Are private banks more efficient than public banks? Evidence from Russia Tiivistelmä Tutkimme ... banks? Evidence from Russia In table 7, we repeat the estimations with all possible controls of panel A in table In annex A.2 we show the reproduced estimations with the size-matched datasets from...

Ngày tải lên: 16/02/2014, 10:20

... deposit growth from time t-2 to t-1; ∆log(Depositi,t-2): log deposit growth from time t-3 to t-2; ∆log(Loani,t-1): log loan growth from time t-2 to t-1; ∆log(Depositi,t-2): log loan growth from time ... Baseline regression Our bank-level data are available from September 2000 to March 2009 and are taken from semi-annual balance sheet reports obtained from the Japanese Bankers Association (See Appendix ... liquidity ratio increased 1.6 percentage points, from 5.2 percent in March 2001 to 6.8 percent in March 2004, the addition to loan growth resulting from the higher liquidity is estimated to have...

Ngày tải lên: 16/02/2014, 11:20

... directives of the European Union They find the explanatory power of book value and earnings together ranges from 20 to 38 percent for Germany, from 48 to 78 percent for France, and from 14 to 42 ... across the period from 1987 to 1996 The stock prices and accounting data for this study are from the Worldscope Global Researcher The sample selection criteria are: Accounting data is from consolidated ... of accounting measures Our objective is to provide evidence on the value relevance of accounting numbers from different accounting systems Such evidence should inform the current debate over international...

Ngày tải lên: 17/02/2014, 09:20

... variegata skin secretion Although both B orientalis and B maxima are from eastern Asia, we deemed it highly unlikely that their European congenerics were devoid of members of this peptide family ... employed was formed from (trifluoroacetic acid)/water (0.1 : 99.9, v/v) to trifluoroacetic acid/ water/acetonitrile (0.1 : 19.9 : 80.0, v/v/v) in 240 at a flow rate of mLÆmin)1 The effluent from the chromatographic ... charged ions from each peptide were used for MS/MS fragmentation, the resultant spectra contained both singly and doubly charged fragment ions The theoretical and observed fragment ions from each...

Ngày tải lên: 21/02/2014, 15:20

... Immigrants — Evidence from a Natural Experiment,” Quarterly Journal of Economics, CXVIII (2003), 329-357 [4] Falk, Armin, and Andrea Ichino, “Clean Evidence on Peer Effects,” Working Paper, European ... interactions could result from fully rational (income maximizing) considerations without relying on behavioral responses Indeed, the remainder of the paper presents evidence from professional baseball ... may be available directly from the author IZA Discussion Paper No 3096 October 2007 ABSTRACT Interactions Between Workers and the Technology of Production: Evidence from Professional Baseball*...

Ngày tải lên: 22/02/2014, 09:20