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Articles 1 - 30 of 42
Full-Text Articles in Finance
Aggression In Mixed Martial Arts: An Analysis Of The Likelihood Of Winning A Decision, Trevor Collier, Andrew Johnson, John Ruggiero
Aggression In Mixed Martial Arts: An Analysis Of The Likelihood Of Winning A Decision, Trevor Collier, Andrew Johnson, John Ruggiero
Trevor Collier
Within the last decade, mixed martial arts has become one of the most popular sports worldwide. The Ultimate Fighting Championship (UFC) is the largest and most successful organization within the industry. In the USA, however, the sport is not sanctioned in all states because some politicians view the sport as too violent. The sport consists of many fighting forms and, unlike boxing, winning a decision requires judging in multiple facets including wrestling, boxing, kickboxing, and jiu-jitsu. In this study, we estimate the likelihood of winning a decision in the UFC. Using data on individual fights, we estimate the probability of …
Measuring Technical Efficiency In Sports, Trevor Collier, Andrew Johnson, John Ruggiero
Measuring Technical Efficiency In Sports, Trevor Collier, Andrew Johnson, John Ruggiero
Trevor Collier
Standard economic production theory is the basis for measuring technical efficiency in sports. Using programming or regression models, efficiency is defined as the distance of a given team observation from the technology. In this article, the authors show that the standard measures of efficiency using deterministic models are biased downward due to serial correlation with respect to the efficiency measure. In particular, if the number of observed wins for a given team is affected by the team’s inefficiency, it is necessarily true that another team is able to produce outside of the technology. As a result, the observed frontier is …
Estimation Of Multi-Output Production Functions In Commercial Fisheries, Trevor Collier, Andrew Mamula, John Ruggiero
Estimation Of Multi-Output Production Functions In Commercial Fisheries, Trevor Collier, Andrew Mamula, John Ruggiero
Trevor Collier
Measuring the productivity of vessels in a multi-species fishery can be problematic. Typical regression techniques are not capable of handling multiple outputs while Data Envelopment Analysis (DEA) tends to ignore the stochastic nature of production. Applied economists have devoted considerable time to this problem and have developed several methods of dealing with the issue of multiple output technologies in commercial fisheries. Our paper contributes to this literature by providing another method for estimating production functions of vessels operating in multi-species fisheries. We utilize a two-stage model – with data from the West Coast Limited Entry Groundfish Trawl Fishery – using …
The Relationship Between Output Variability And Growth: Evidence From Post War U.K. Data, Tony Caporale, Barbara Mckiernan
The Relationship Between Output Variability And Growth: Evidence From Post War U.K. Data, Tony Caporale, Barbara Mckiernan
Tony Caporale
The paper investigates the relationship between output variability and economic growth using a GARCH-M model with industrial production in post-war Great Britain. The data reveals a positive relationship between variability and growth rates.
Firm Performance, Governance Structure, And Top Management Turnover In A Transitional Economy, Michael Arthur Firth, M. Y., Peter Fung, Oliver M. Rui
Firm Performance, Governance Structure, And Top Management Turnover In A Transitional Economy, Michael Arthur Firth, M. Y., Peter Fung, Oliver M. Rui
Prof. FIRTH Michael Arthur
Recent research has argued that political and regulatory environments have a significant impact on corporate governance systems. In particular, countries with poor investor protection laws and weak law enforcement have low levels of corporate governance that manifests itself in substandard financial performance, management entrenchment, and the expropriation of minority shareholders. One implication of this research is that China will have poor corporate governance and entrenched managers as its legal system is relatively underdeveloped and inefficient. However, using data on top management turnover in China's listed firms, our results refute the prediction of entrenched management. We find evidence of very high …
Firm Performance, Governance Structure, And Top Management Turnover In A Transitional Economy, Michael Arthur Firth, M. Y., Peter Fung, Oliver M. Rui
Firm Performance, Governance Structure, And Top Management Turnover In A Transitional Economy, Michael Arthur Firth, M. Y., Peter Fung, Oliver M. Rui
Prof. FIRTH Michael Arthur
Recent research has argued that political and regulatory environments have a significant impact on corporate governance systems. In particular, countries with poor investor protection laws and weak law enforcement have low levels of corporate governance that manifests itself in substandard financial performance, management entrenchment, and the expropriation of minority shareholders. One implication of this research is that China will have poor corporate governance and entrenched managers as its legal system is relatively underdeveloped and inefficient. However, using data on top management turnover in China's listed firms, our results refute the prediction of entrenched management. We find evidence of very high …
Football Market Efficiency And The Gambler's Fallacy, Ladd Kochman, Ken Gilliam
Football Market Efficiency And The Gambler's Fallacy, Ladd Kochman, Ken Gilliam
Ladd Kochman
No abstract provided.
A Runs Test Of Football-Betting Market Efficiency, Ladd Kochman, Ken Gilliam
A Runs Test Of Football-Betting Market Efficiency, Ladd Kochman, Ken Gilliam
Ladd Kochman
No abstract provided.
On Singapore’S Taxation System, J H Liu, Zhaoyong Zhang
On Singapore’S Taxation System, J H Liu, Zhaoyong Zhang
Zhaoyong Zhang
No abstract provided.
Study Of The Measurement And Determinants Of Intra-Industry Trade In East Asia, Michael Thorpe, Zhaoyong Zhang
Study Of The Measurement And Determinants Of Intra-Industry Trade In East Asia, Michael Thorpe, Zhaoyong Zhang
Zhaoyong Zhang
No abstract provided.
Il Calcolo Del Sviluppo Umano, Nicolás Persico
Il Calcolo Del Sviluppo Umano, Nicolás Persico
Nicolás Persico
Dinamica sociale e contratto socio economico: quando un sociologo, fisico, ingegnere e finanziario si incontrano.
Selloffs, Bailouts, And Feedback: Can Asset Markets Inform Policy?, Raphael Boleslavsky, David L. Kelly, Curtis R. Taylor
Selloffs, Bailouts, And Feedback: Can Asset Markets Inform Policy?, Raphael Boleslavsky, David L. Kelly, Curtis R. Taylor
Raphael Boleslavsky
We present a model in which a policymaker observes trade in a financial asset before deciding whether to intervene in the economy, for example by offering a bailout or monetary stimulus. Because an intervention erodes the value of private information, informed investors are reluctant to take short positions and selloffs are, therefore, less likely and less informative. The policymaker faces a tradeoff between eliciting information from the asset market and using the information so obtained. In general she can elicit more information if she commits to intervene only infrequently. She thus may benefit from imperfections in the intervention process or …
Money Supply Endogeneity And Bank Stock Returns, Z. Badarudin, M. Ariff, A. Khalid
Money Supply Endogeneity And Bank Stock Returns, Z. Badarudin, M. Ariff, A. Khalid
Ahmed Khalid
This article presents results of tests on two related hypotheses on moneysupply. The first relates to an unresolved issue of money endogeneity whilethe second centres on the yet-explored relationship between money supplyand bank stock returns if money is found to be endogenous. Our results,using long-horizon data of Group of Seven (G-7) economies, supports causality in money supply as running from bank lending to bank deposits,a result that is predicted by the post-Keynesian money supply endogeneity(bank-credit-driven) theory. Thus, the result is not consistent withexogeneity proposition. A new evidence of positive relationship betweenendogenous money supply and aggregate bank stock return is statisticallysignificant …
The Effect Of Treasury Auction Announcements On Interest Rates: 1990-1999, James J. Forest
The Effect Of Treasury Auction Announcements On Interest Rates: 1990-1999, James J. Forest
James J Forest
In this study we examine the secondary-market response of U.S. Treasury interest rates to both the release of pre-auction auction supply announcements and post-auction details from U.S. Treasury auctions during the period of the 1990s. Rate changes are found to differ significantly on auction days. Pre-auction announcements of auction volumes are shown to affect rates significantly, in contrast with the findings of Wachtel and Young (1987) with respect to deficit announcements. We find that surprises in the release of bid-to-cover ratios affect Treasury rates significantly, while the surprises in the volume of noncompetitive bids appears to have little affect on …
Investing In Hedge Funds: Risks, Returns And Performance, Francis Koh, Winston T. H. Koh, David K. C. Lee, K. F. Phoon
Investing In Hedge Funds: Risks, Returns And Performance, Francis Koh, Winston T. H. Koh, David K. C. Lee, K. F. Phoon
Francis Koh
No abstract provided.
Governance-Default Risk Relationship And The Demand For Intermediated And Non-Intermediated Debt, Safdar Khan
Governance-Default Risk Relationship And The Demand For Intermediated And Non-Intermediated Debt, Safdar Khan
Safdar Khan
No abstract provided.
A Comparison Of Attitudes Toward Venture Capital Among Sme Principals And Their Advisors In New Zealand And Australia, Dean Prebble, Stephen Kelly
A Comparison Of Attitudes Toward Venture Capital Among Sme Principals And Their Advisors In New Zealand And Australia, Dean Prebble, Stephen Kelly
Adjunct Professor Stephen J Kelly
No abstract provided.
Managerial Incentives, Market Power And Bank Risk Taking, Mamiza Haq, Shams Pathan, Barry Williams
Managerial Incentives, Market Power And Bank Risk Taking, Mamiza Haq, Shams Pathan, Barry Williams
Barry Williams
We investigate the effect of managerial incentives and market power on bank risk‐taking for a sample of 212 large US bank holding companies over 1997‐2004 (i.e. 1,534 observations). Bank managers have incentives to prefer less risk while bank shareholders have preference for ‘excessive’ risk. Likewise, the market power is the centre piece of any bank regulation.However, the literature is inconclusive as to the effect of managerial incentives and market power on bank risk‐taking. Our results reveal a U‐shaped relation between bank risk and CEO ownership (proxy for managerial incentives) and between bank risk and charter value (proxy for market power). …
Crisis Opportunism: Bail Outs And E-Scads In The Gfc, Judy Johnston, Alexander Kouzmin, Kym Thorne, Stephen Kelly
Crisis Opportunism: Bail Outs And E-Scads In The Gfc, Judy Johnston, Alexander Kouzmin, Kym Thorne, Stephen Kelly
Adjunct Professor Stephen J Kelly
As a response to the “junk-debt”- inspired, global, economic crisis, governments, with supra-national organizational approval, have appropriated billions of taxpayers’ dollars for bail-outs, have set-up special funds and under-written depositors’ savings in the desperate hope of alleviating the threat of rapid, economic decline and systemic destruction of value. Whether these governments have a democratic mandate for such unprecedented action is debatable. More importantly, though, is whether such decisions amount to good re-regulatory policy.
First, it is known that some of the bail-out money to large corporations has been squandered by oligarchic recipients and appropriated by them in their own interests. …
The Investigation Of Foreign Direct Investment Patterns In Russia, Tamilla Curtis, Tom Griffin, Lucyna Kornecki
The Investigation Of Foreign Direct Investment Patterns In Russia, Tamilla Curtis, Tom Griffin, Lucyna Kornecki
Dr. Tamilla Curtis
No abstract provided.
The 1905 Einstein Equation In A General Mathematical Analysis Model Of Quasars, Byron E. Bell
The 1905 Einstein Equation In A General Mathematical Analysis Model Of Quasars, Byron E. Bell
Byron E. Bell
No abstract provided.
Quarterly Gdp Estimates For Selected South Asian Economies, Safdar Khan
Quarterly Gdp Estimates For Selected South Asian Economies, Safdar Khan
Safdar Khan
No abstract provided.
Analysis Of Kiren Sales Corporation’S Survey Data, Safdar Khan
Analysis Of Kiren Sales Corporation’S Survey Data, Safdar Khan
Safdar Khan
No abstract provided.
Financial Sector Reforms And Banking Sector Soundness: A Multivariate Evaluation, Safdar Khan
Financial Sector Reforms And Banking Sector Soundness: A Multivariate Evaluation, Safdar Khan
Safdar Khan
No abstract provided.
Inflation Dynamics: A Structural Estimation, Safdar Khan
Inflation Dynamics: A Structural Estimation, Safdar Khan
Safdar Khan
No abstract provided.
A Small Open Economy Dsge Model For Pakistan, Safdar Khan
A Small Open Economy Dsge Model For Pakistan, Safdar Khan
Safdar Khan
No abstract provided.
Exchange Rate Of Japan, Singapore And Hong Kong: A Time Series Analysis, Safdar Khan
Exchange Rate Of Japan, Singapore And Hong Kong: A Time Series Analysis, Safdar Khan
Safdar Khan
No abstract provided.
Financial Reforms And Efficiency Of Banking Sector Of Pakistan: A Survey Of Empirical Literature, Safdar Khan
Financial Reforms And Efficiency Of Banking Sector Of Pakistan: A Survey Of Empirical Literature, Safdar Khan
Safdar Khan
No abstract provided.
Is Marketing Research The Cure For Norton Healthcare Kosair Children’S Hospital’S Ailments?, Safdar Khan
Is Marketing Research The Cure For Norton Healthcare Kosair Children’S Hospital’S Ailments?, Safdar Khan
Safdar Khan
No abstract provided.
Existence Of Equilibrium In General Bertrand Games, José Fajardo, Guilherme Carmona
Existence Of Equilibrium In General Bertrand Games, José Fajardo, Guilherme Carmona
José Fajardo
No abstract provided.