Download or read book Three Essays in Financial Markets The Bright Side of Financial Derivatives Options Trading and Firm Innovation written by Iván Blanco and published by Ed. Universidad de Cantabria. This book was released on 2019-02-15 with total page 90 pages. Available in PDF, EPUB and Kindle. Book excerpt: Do financial derivatives enhance or impede innovation? We aim to answer this question by examining the relationship between equity options markets and standard measures of firm innovation. Our baseline results show that firms with more options trading activity generate more patents and patent citations per dollar of R&D invested. We then investigate how more active options markets affect firms' innovation strategy. Our results suggest that firms with greater trading activity pursue a more creative, diverse and risky innovation strategy. We discuss potential underlying mechanisms and show that options appear to mitigate managerial career concerns that would induce managers to take actions that boost short-term performance measures. Finally, using several econometric specifications that try to account for the potential endogeneity of options trading, we argue that the positive effect of options trading on firm innovation is causal.
Download or read book NBS Technical Note written by and published by . This book was released on 1967-12 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Theory of Money and Financial Institutions written by Martin Shubik and published by MIT Press. This book was released on 1999 with total page 472 pages. Available in PDF, EPUB and Kindle. Book excerpt: This first volume in a three-volume exposition of Shubik's vision of "mathematical institutional economics" explores a one-period approach to economic exchange with money, debt, and bankruptcy. This is the first volume in a three-volume exposition of Martin Shubik's vision of "mathematical institutional economics"--a term he coined in 1959 to describe the theoretical underpinnings needed for the construction of an economic dynamics. The goal is to develop a process-oriented theory of money and financial institutions that reconciles micro- and macroeconomics, using as a prime tool the theory of games in strategic and extensive form. The approach involves a search for minimal financial institutions that appear as a logical, technological, and institutional necessity, as part of the "rules of the game." Money and financial institutions are assumed to be the basic elements of the network that transmits the sociopolitical imperatives to the economy. Volume 1 deals with a one-period approach to economic exchange with money, debt, and bankruptcy. Volume 2 explores the new economic features that arise when we consider multi-period finite and infinite horizon economies. Volume 3 will consider the specific role of financial institutions and government, and formulate the economic financial control problem linking micro- and macroeconomics.
Download or read book Post Keynesian Essays from Down Under Volume III Essays on Ethics Social Justice and Economics written by G. Harcourt and published by Springer. This book was released on 2016-11-16 with total page 330 pages. Available in PDF, EPUB and Kindle. Book excerpt: Joseph Halevi, G. C. Harcourt, Peter Kriesler and J. W. Nevile bring together a collection of their most influential papers on post-Keynesian thought. Their work stresses the importance of the underlying institutional framework, of the economy as a historical process and, therefore, of path determinacy. In addition, their essays suggest the ultimate goal of economics is as a tool to inform policy and make the world a better place, with better being defined by an overriding concern with social justice. Volume III explores the ethics of economics.
Download or read book Three Essays on Antitrust and Innovation written by Donald Karl Stockdale and published by . This book was released on 1989 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book International Handbook on the Economics of Integration General issues and regional groups written by Miroslav N. Jovanović and published by Edward Elgar Publishing. This book was released on 2011-01-01 with total page 561 pages. Available in PDF, EPUB and Kindle. Book excerpt: International Handbook of Economic Integration edited by Miroslav Jovanovi provides timely and rich academic contributions to considerations of the widest array of integration-related issues. European integration has been providing an inspiration to a number of academics and researchers. The Handbook is a recognition of the dynamic and strong solidarity of the European integration. At the same time, the European Union often provided an example for integration schemes throughout the world which spread enormously since the mid-1990s. Leading experts from all continents contributed to this Handbook which will be a valuable input into academic and policy-making discussions and actions. José Manuel Barroso, President of the European Commission Miroslav Jovanovi s publication represents a rich contribution to the complex issue of regional integration, its benefits, its shortcomings, and its relationship with multilateral trade opening. It sheds light over an issue which is the subject of intense discussions in trade circles. Pascal Lamy, Director-General of the WTO Much has been written on trade agreements as a mechanism to integrate the markets of two of more countries often inspired by the European example. In recent years, attention has increasingly focused on the importance of economic geography as a determinant of industrial location. This book combines the two strands of analysis, bringing together leading experts in the fields of economic geography and international trade. The result is an outstanding compilation of papers that illuminate how policies and economic forces affect the location of economic activity in an integrated Europe. Bernard Hoekman, Director, The World Bank, US The open multilateral trading system is a tremendous success of the past half century, and has contributed greatly to the world s unprecedented rate of economic growth. Over the past two decades however, preferential trading arrangements have proliferated, raising questions as to how compatible they are with the open multilateral system, and what policies might be adopted to improve outcomes. The essays in this volume detail the emergence of PTAS and provide comprehensive and up-to-date analyses of the state of play of preferential arrangements in all regions of the world. The volume will provide a useful reference for all those wanting to understand existing preferential arrangements and their role in the international economy today. Anne O. Krueger, Johns Hopkins University and Stanford University, US Economic integration is a complex and multifaceted giant, with a myriad aspects ranging from regional and global concentration and dispersal of economic activity to social and political consequences for individuals and communities in developed and developing countries alike. This landmark, three volume collection of chapters by leading authors, drawn from many fields, is a worthy and timely contribution to the analysis of a phenomenon with profound implications for the future world economy - and its governance. James Zhan, Director, Investment & Enterprise Division, UNCTAD With this Handbook, Miroslav Jovanovi has provided readers with both an excellent stand-alone original reference book as well as the first volume in a comprehensive three-volume set. This introduction into a rich and expanding academic and practical world of international economic integration also provides a theoretical and analytical framework to the reader, presenting select analytical studies and encouraging further research. International Handbook on the Economics of Integration, Volume I covers two broad themes: general integration issues and regional integration groups. The first part discusses topics that range from an overview of the regional integration deals registered with the World Trade Organization, to multilateralism and regionalism, hub-and-spoke integration networks, limits to integration, rules of origin, and globalization. The second part of the Han
Download or read book Three Essays on B2B E market Firms written by Qizhi Dai and published by . This book was released on 2003 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book International Economics written by Rajat Acharyya and published by Oxford University Press. This book was released on 2023-02-17 with total page 862 pages. Available in PDF, EPUB and Kindle. Book excerpt: Complementing trade theories with relevant trade empirics, this book covers three aspects of the study of International Economics: pure theory of trade, trade policy, and theory of Balance of Payments (BoP) and exchange rate. In the first part, it discusses the basic principles of international trade between dissimilar countries as well as between similar countries, and implications thereof in terms of welfare, income distribution, and growth. The approach taken here is distinctly different from that in most of the existing textbooks on international economics. Instead of model-specific discussions of the basic issues, it discusses the basic principles governing trade, gains from trade, and characteristics of international equilibrium in the context of a general trading environment of open economies. Subsequently, specific models of trade are introduced as alternative theoretical explanations for the basic principles of trade. In the second part, a wide range of policy issues are analysed including unilateral trade restrictions and promotions; reciprocatory trade policy choices through regionalism; product standards that regulate trade between developed and developing countries; and implications of capital inflow, FDI, fragmentation, and global value chains. In the third part, the book discusses different currency and exchange rate regimes and their implications for a country's balance of payments and foreign exchange reserves. Drawing upon the basic theories, it studies expenditure-reducing and expenditure-switching policies to correct for BoP imbalances under a pegged exchange rate regime. Finally, some reflections on the choice of exchange rate regime and optimum currency area wind up discussions of monetary issues in international economics.
Download or read book The Third Resource written by Istvan Tuba and published by iUniverse. This book was released on 2005-03 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt: A nation's commonly held ideas about economics determine success or failure of that society to meet its basic needs and promote a steadily increasing standard of living and quality of life in a safe and secure environment for its members. We examine and explain basic differences and similarities between the USSR-led Soviet/Communist/Socialist and the USA-led Democratic/Free Market/Capitalistic economic ideologies. Initiated by the ill-fated 1956 Hungarian Revolution against the USSR, certain new ideological concepts resulted. From the ruins of one dominating system (USSR) and another surviving successful one (USA), it was possible to create a new Universal Ideology of Economics (UIE). This UIE could be understood by anyone on this earth and educated to believe in any previously-defined political or economic ideologies and should replace all political ideologies. The Third Resource for new wealth creation, i.e., human-generated resources, which consist of technology and strategic capital, renders unnecessary all local and regional conflicts. Human-generated resources continually expand, transfer easily, and are unlimited. The USA's success over USSR was based on taking advantage of The Third Resource although, at the time, we did not use that name. The continued, peaceful, unlimited development of the world depends on recognizing and using The Third Resource.
Download or read book Three Essays on Smooth Transitional Adjustments in Emerging Markets After Liberalizing Reforms written by Nan Geng and published by . This book was released on 2010 with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Nanotechnology Challenges written by Joachim Schummer and published by World Scientific. This book was released on 2006 with total page 480 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book introduces the latest methods for the controlled growth of nanomaterial systems. The coverage includes simple and complex nanomaterial systems, ordered nanostructures and complex nanostructure arrays, and the essential conditions for the controlled growth of nanostructures with different morphologies, sizes, compositions, and microstructures. The book also discusses the dynamics of controlled growth and thermodynamic characteristics of two-dimensional nanorestricted systems. The authors introduce various novel synthesis methods for nanomaterials and nanostructures, such as hierarchical growth, heterostructures growth, doping growth and some developing template synthesis methods. In addition to discussing applications, the book reviews developing trends in nanomaterials and nanostructures.
Download or read book Global Economic Prospects 2004 written by World Bank and published by World Bank Publications. This book was released on 2003 with total page 342 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the 14th edition of this annual publication which analyses the global and national dimensions of the investment climate for developing countries, in terms of the policy and institutional environment. It considers the key multilateral trade issues and suggests policy options to help raise living standards in developing countries and reduce global poverty. Topics discussed include: the short, medium and long term global economic outlook, including driving forces, commodity prices and capital flows; exports from developing countries, trade barriers and policies to reduce inequities in the world trading system; trade in agriculture including possible changes in subsidies and the potential for liberalisation measures; the temporary movement of labour (within the General Agreement on Trade in Services (GATS)); trade facilitation in the light of post-September 11 security concerns; the role of trade preferences, exemptions from WTO rules and technical assistance to implement WTO trade regulations.
Download or read book Evaluation of Information Systems written by Madeline M. Henderson and published by U.S. Government Printing Office. This book was released on 1967 with total page 114 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Research Evaluation and Demonstration Projects written by and published by . This book was released on 1986 with total page 372 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Legislation Concerning Production Joint Ventures written by United States. Congress. Senate. Committee on the Judiciary. Subcommittee on Antitrust, Monopolies, and Business Rights and published by . This book was released on 1990 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Animals in Human Histories written by Mary J. Henninger-Voss and published by Boydell & Brewer. This book was released on 2002 with total page 524 pages. Available in PDF, EPUB and Kindle. Book excerpt: Table of contents
Download or read book Energy Research Abstracts written by and published by . This book was released on 1979 with total page 988 pages. Available in PDF, EPUB and Kindle. Book excerpt:
