Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
Results
Showing 1 to 20 of 25 for “"Speed of Adjustment"”.
-
Leverage Adjustment and Credit Risk
<p>This dissertation consists of three coherent chapters that discuss the capital structure target, speed of adjustment and effect of speed of adjustment on credit risk.</p> <p><strong>Ⅰ:</strong> We standardize leverage ratio by underlying business risk. The methodology of standardization follows …
-
Controlling the Walrasian tatonnement process
… process. It is shown that the stability of the system depends upon the speed of adjustment and holdings of endowments as well as preferences. It is then shown that periodic solutions as well as aperiodic or chaotic trajectories occur. The analysis is then extended to multiple agents. …
-
Inflation and Macroeconomic Effects of Inflation Targeting in Asia: Time-Series and Cross-Country Analysis
… new concerns about the macroeconomic effects of inflation targeting. A key issue for many central banks in recent years has been that inflation is uncomfortably too low rather than too high. This thesis examines the impact of inflation targeting on the behaviour of inflation, output growth and …
-
Three essays on corporate default prediction : special reference to corporate governance, default correlation and capital structure dynamics
This thesis consists of three essays that investigate corporate defaults connected to corporate governance, default correlations and capital structure adjustment. Granting a loan requires mutual trust between lenders and borrower and depends on the flow of information. The relevance and the …
-
Essays on Quantile Regression for Dynamic Panel Data Models
… strategy designed to improve the properties of the dynamic panel data quantile regression instrumental variables estimator. The penalty involves l1 shrinkage of the fixed effects. We discuss a tuning parameter selector based on the Schwartz information criterion, and propose a bootstrap …
-
Momentum, Nonlinear Price Discovery and Asymmetric Spillover: Sovereign Credit Risk and Equity Markets of Emerging Countries and
… market conditions create two different states of the market (world) or regimes. Investors and policy makers respond differently in the two regimes but the response in the turbulent market condition is amplified as policy makers attempt to smoothen the fluctuations and uncertainty while …
-
Can Investing in Information Systems Boost Economic Complexity in South Africa: Movement Towards the Fourth Industrial Revolution?
… need to accelerate the growth and development of their economies by increasing the productive capacity for better living conditions of their citizens. For countries to improve their economies, they need to boost their economic complexity by producing and exporting commodities that embody …
-
Financial liberalization and dynamics of firm-level financing and investment decisions in the Southeast Asian countries
This thesis examines the dynamics of firm-level financing and investment decisions for six Southeast Asian countries. The study provides empirical evidence on the impacts of changes in the firm-level financing decisions during the period of financial liberalization by considering the debt and …
-
The implications of information processing efficiency on decision making
This thesis investigates the implications of information processing efficiency on decision making with respect to the ability of decision makers to process information in a rational and timely manner. In order to examine the different aspects of information efficiency with respect to decision …
-
Velocity of Money and Financial Development in BRICS Countries
The manner in which the velocity of money behaves is very influential when determining how much financial resources an economy can produce. An unpredicted velocity of money and unstable demand for money results in a spineless and ineffective management and control of monetary policy. The study …
-
Optimum currency areas in the sub Sahara region : examining eligibility of the east African community for a monetary union
This study assesses the impact of fiscal policy and structural harmonisation (common market) of the East African Community (EAC) on the flow of goods and services, market responses, the flow of FDIs in the region and the volatility levels of the exchange rates across the region. The gravity model …
-
Analyses of organic grain prices
… conventional counterparts, the determinants of this premium are generally unknown. The lack of literature covering organic prices is not from a lack of interest but from a lack of information and data for organic commodities. This study examines two aspects of organic grain prices in an …
-
Dynamics In Health Care Expenditures For Emerging And Developed Countries
… emerging and developed countries. The first part of the study focus on the short-run dynamics in health care expenditures for six emerging and a selected group of six developed economies of the OECD group. An error correction model is utilized for the analysis. Results for the presence of a long …
-
Two Essays: “Does Corporate Governance Affect the Adjustment Speed towards Target Capital Structure?” and “Do Option Traders on REITs and Non-REITs React Differently to New Information?”
… are positively correlated to the extent of deviation, we hypothesize that the initial deviation from the target will be shorter for a firm with good corporate governance than for a firm with poor corporate governance. We also hypothesize that the former group will employ a higher speed of …
-
Are the capital structures of JSE listed companies influenced by equity market timing?
… has primarily been focused on testing the speed of adjustment theory, pecking order theory and the trade-off theory. This dissertation sets out to test whether evidence of the market timing theory exists in JSE listed firms by applying the method used by De Bie and De Haan (2007) for …
-
Local Fiscal Sustainability within American Federalism
… funding gaps, localities may apply a wide range of fiscal instruments, including increasing taxes, fees, and user charges, issuing debt and bonds, obtaining grants and/or decreasing expenditures. This research compares the US local fiscal choice behavior in the context of the fiscal federalism …
-
Dividend policy and the stock market reaction to dividend announcements in Pakistan
… payments made to the shareholders (owners) out of firms? earnings. Numerous academics, adopting either a behavioural or empirical approach, have provided rationales to address the issue of why companies pay dividends and whether the market response to the announcements can be predicted. However, …
-
Three essays on spatial, vertical price transmission and asymmetric supply response in livestock sectors
The objective of this dissertation is to examine efficient price transmission mechanism and efficient supply system in livestock sectors. The first essay investigates market integration and spatial price transmission in beef trade among the TPP countries (Australia, United States, Canada, New …
-
ESSAYS ON MONEY AND FINANCE: THE CASE OF SELECTED SOUTH ASIAN COUNTRIES
This dissertation consists of three research studies on capital flows to South Asian countries, estimation of interest rate pass through in Pakistan and the relative city price convergence in Pakistan. The study has used panel data techniques for empirical estimations. The first study attempts to …
Page 1 of 2