1,720,969 research outputs found
A Chinese clout on energy exports some countries cannot shake off
No full textThe Chinese-led Belt and Road Initiative has created unprecedented economic opportunities for developing and underdeveloped countries to became more active in international trade, including in energy exports. The dynamics overlap with a worrying trend in democratic governance and accountability in these same countries, raising policy challenges for their long-term development prospects. By adopting a system approach within a panel dataset, we estimate this policy trade-off and reveal the heterogeneity dimension of these effects for a large set of countries and across a number of economic sectors linked to energy exports. Finally, we discuss some policy implications of our results
How the recent US and European crises changed the conception of CRAs influence on the investors relations in Europe. What changed and where the future will lead us?
No full textCurrently working in Investor Relations after a year working in this field for my master thesis I can finally face and discover new dilemmas I had been studying working on my master thesis. For my thesis I looked more deeply at the credit rating agencies and how they failed in the global crisis. Afterward I focused on the Investor Relations department, their targets and their objectives.
I wanted to conciliate both and see how rating services would impact the financial communication strategy of one\ue2s company.
I conducted a qualitative survey to analyze the changes of organization for financial communication departments after the 2008 crisis.
I wanted to see the changes in process and check how more transparency had been promoted.
To so do, I sent an online questionnaire to the Eurostoxx 50 companies.
I got 14 answers after having sent a follow up reminder to all the non respondents.
In addition to that I conducted one to one interviews to extract some value added tips and information about the IR function.
As a result of this study I realized that 2008 financial crisis largely impacted banks but not so much nonfinancial companies
Joint Research Centre Statistical Audit of the 2013 Global Innovation Index
No full textThe Econometrics and Applied Statistics Unit at the European Commission Joint Research Centre ( JRC) in Ispra (Italy) was invited for
a third consecutive year to audit the Global Innovation Index (GII) because of the adjustments made to the list of indicators included in the GII framework (see Annex 2 for more details). The JRC assessment of the 2013 GII focused on two main issues: the conceptual and statistical coherence of the structure, and the impact of key modelling assumptions on the GII scores and ranks. As in the previous two GII reports, the JRC analysis complements the country rankings with confidence intervals for the GII, the Innovation Input Sub-Index, and the Innovation Output Sub-Index in order to better appreciate the robustness of these ranks to the computation methodology. In addition, for the first time this year, the JRC analysis includes both an assessment of potential redundancy of information in the GII and a measure of distance to the efficient frontier of innovation by using data envelopment analysis (DEA).JRC.G.3 - Econometrics and applied statistic
Money Factors and EMU Government Bond Markets\u27 Convergence
Full text linkPurpose - “ The authors aim to investigate the cointegrating relationship of the government bond yields, driven by the common money factors in European Monetary Union (EMU). Design/methodology/approach - “ By adopting a dynamic ARDL transformation, the paper provides short-/long-term estimates of bond yields convergence before the burst of the current debt crisis. It also investigates how the degree of convergence between bond yields, driven by money factors, is affected in short/long runs. Findings - “ The findings indicate that the introduction of the common currency has not a uniform effect on the bond yields, and there is a nominal convergence between EMU bond yields based on money market determinants. Originality/value - “ The current financial crisis indicates that the EMU bond market convergence was temporary and it can be highly affected by an exogenous shocks and the sentiment of international investors. The findings imply the necessity for a common monetary and fiscal policy in Euro zone countries
Going Beyond Counting First Authors in Author Co-citation Analysis
Full text linkThe present study examines one of the fundamental aspects of author co-citation analysis (ACA) - the way co-citation
counts are defined. Co-citation counting provides the data on which all subsequent statistical analyses and mappings
are based, and we compare ACA results based on two different types of co-citation counting - the traditional type that
only counts the first one among a cited work's authors on the one hand and a non-traditional type that takes into
account the first 5 authors of a cited work on the other hand. Results indicate that the picture produced through this non-traditional author co-citation counting contains more coherent author groups and is therefore considerably clearer. However, this picture represents fewer specialties in the research field being studied than that produced through the traditional first-author co-citation counting when the same number of top-ranked authors is selected and analyzed. Reasons for these effects are discussed
The impact of euro and euribor introduction on EMU government bond yields
No full textWe herein investigate the impact of financial innovation (i.e. the
introduction of the Euro) on the yield of government bonds,in Economic
Monetary Union (EMU). We derive a novel measure of the introduction of the
Euro as a minimum boundary Pareto distribution or as the compound process
of a Poisson G-Pareto distribution.
Motivated by this approach, we undertake an extensive empirical analysis
and examine the relative simultaneous effects of the influence of the euro (€/$
exchange rate) and Euribor (3-month) introduction in EMU governments' bond
yields. Overall, the results point out the quite significant role of Euro currency
and Euribor introduction to the EMU government bond yields curves,
according to our approach. The final part includes comments and analysis of
the findings
Variations on the Author
Full text link“Variations on the Author” discusses two of Eduardo Coutinho’s recent films (Um Dia na Vida, from 2010, and Últimas Conversas, posthumously released in 2015) and their contribution to the general question of documentary authorship. The director’s filmography is characterized by a consistent yet self-effacing form of authorial self-inscription: Coutinho often features as an interviewer that rather than express opinions propels discourses; an interviewer that is good at listening. This mode of self-inscription characterizes him as an author who is not expressive but who is nonetheless markedly present on the screen. In Um Dia na Vida, however, Coutinho is completely absent form the image, while Últimas Conversas, on the contrary, includes a confessional prologue that moves the director from the margins to the center of his films. This article examines the ways in which these works stand out in the filmography of a director who offers new insights into the notion of cinematic authorship
Is the Progress of Financial Innovation a Continuous Spiral Process
Full text linkWe herein examine the progress of financial innovations over the past 30 years, beginning with how they have influenced the financial system. We adopt a framework of classification that provides an overview of previous findings to examine the continuity of financial innovations. We find that the progress of financial innovations is discontinuous and is characterized by isolation and limited research studies. Finally, we highlight the main reasons why the previous literature in this area is limited and how financial innovations have not yet reached the point of diminishing returns
- …
