The Impact of International Accounting Differences from a Security-Analysis Perspective: Some European Evidence
International accounting, Accounting differences, Earnings, National characteristics
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Coherency Conditions in Simultaneous Linear Equation Models with Endogenous Switching Regimes
[In this paper we consider the problem of the existence of a well-defined reduced form in the context of piecewise linear models. We give a general theorem which provides necessary and sufficient conditions, called coherency conditions, for such an existence. This result is applied to various kinds of models: self-selectivity models, simultaneous equation probit and tobit models, multimarkets disequilibrium models.]
Classification of commercial bank loans through policy capturing
Wages as Sorting Mechanisms in Competitive Markets with Asymmetric Information: A Theory of Testing
Journal Article Wages as Sorting Mechanisms in Competitive Markets with Asymmetric Information: A Theory of Testing Get access J. Luis Guasch, J. Luis Guasch University of California, San Diego Search for other works by this author on: Oxford Academic Google Scholar Andrew Weiss Andrew Weiss Bell Laboratories Search for other works by this author on: Oxford Academic Google Scholar The Review of Economic Studies, Volume 47, Issue 4, July 1980, Pages 653–664, https://doi.org/10.2307/2296934 Published: 01 July 1980 Article history Received: 01 June 1977 Accepted: 01 September 1979 Published: 01 July 1980
Wealth and Wealth Proxies in a Permanent Income Model
This paper formulates a permanent income model of consumer expenditures. Through use of this model, measures of permanent income are examined that are alternatively based on (a) measured income patterns, (b) stocks of consumer liquid assets, (c) stocks of consumer financial assets, and (d) stocks of consumer real and financial assets. Using assets in permanent income measures is found to improve upon using measured income patterns in explaining consumer expenditure. Consumer assets are further found not to be treated as one homogeneous stock by consumers. Money and risky financial assets contribute significantly to explaining consumer spending, while savings and real assets are of no value. Finally, asset effects on consumption are found to be inelastic but statistically significant.
Dividend Policy and Tax Incidence in a Growing Economy
On the Interpretation of Individual Variables in Multiple Discriminant Analysis
Marvin J. Karson, Terrence F. Martell, On the Interpretation of Individual Variables in Multiple Discriminant Analysis, The Journal of Financial and Quantitative Analysis, Vol. 15, No. 1 (Mar., 1980), pp. 211-217
Market Structure Versus Information Costs as Determinants of Underwriters' Spreads on Municipal Bonds
W. W. Higgins, B. J. Moore, Market Structure Versus Information Costs as Determinants of Underwriters' Spreads on Municipal Bonds, The Journal of Financial and Quantitative Analysis, Vol. 15, No. 1 (Mar., 1980), pp. 85-97
A Further Note on Unrecovered Investment, Uniqueness of the Internal Rate, and the Question of Project Acceptability
Richard H. Bernhard, Carl J. Norstrom, A Further Note on Unrecovered Investment, Uniqueness of the Internal Rate, and the Question of Project Acceptability, The Journal of Financial and Quantitative Analysis, Vol. 15, No. 2 (Jun., 1980), pp. 421-423