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Policy Entrepreneurs and the Design of Administrative Reform: A Conceptual Framework and the Israeli Case

open access: yesEuropean Policy Analysis, EarlyView.
ABSTRACT What is the role of policy entrepreneurs in promoting the design of public administrative reform? We present a conceptual framework for assessing the influence of policy entrepreneurs on public administrative reform. We start by proposing a typology of the various policy entrepreneurs active in the administrative reform arena.
Nissim Cohen
wiley   +1 more source

Forecasting Energy Efficiency in Manufacturing: Impact of Technological Progress in Productive Service and Commodity Trades

open access: yesJournal of Forecasting, EarlyView.
ABSTRACT This paper employs the theory of biased technological progress to assess the effects of technological advancements across diverse trades, with a particular emphasis on predicting energy efficiency. A translog cost function model is developed, integrating five critical types of energy inputs.
Zixiang Wei   +4 more
wiley   +1 more source

A New Star Is Born: Does the VIX1D Render Common Volatility Forecasting Models for the US Equity Market Obsolete?

open access: yesJournal of Futures Markets, EarlyView.
ABSTRACT We examine the characteristics of Cboe's 1‐day Volatility Index (VIX1D) and its predictive power regarding the next day's volatility of the S&P 500. Compared to the longer‐term volatility indices of the VIX family, it is generally lower and more volatile, exhibits a weaker negative correlation with the S&P 500, and has a distinct intraday ...
Stefan Albers
wiley   +1 more source

Liquidity and Price Informativeness of Options: Evidence From Extended Trading Hours

open access: yesJournal of Futures Markets, EarlyView.
ABSTRACT This paper explores the trading dynamics of the options market during extended trading hours (ETHs). During ETH, the options market is characterized by low liquidity and decreased trading activities, yet there is an increased likelihood of informed trading. The introduction of ETH improves overall market liquidity on the following trading day,
Liangyi Mu, Arie E. Gozluklu
wiley   +1 more source

Legitimacy in flux: A moderated mediation model of the liability of foreignness in global IPO markets

open access: yesGlobal Strategy Journal, EarlyView.
Abstract Research Summary Foreign initial public offerings (IPOs) play a significant role in global stock markets. This paper aims to elucidate why foreign IPOs suffer from the liability of foreignness in capital markets (CMLOF) and how they overcome this liability. Building on international business research and the legitimacy perspective, I develop a
You‐Xiang Song
wiley   +1 more source

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