Results 221 to 230 of about 2,348 (264)

World capital markets and Finnish stock returns

The European Journal of Finance, 2002
The paper explores issues related to time-varying global equity market integration from a Finnish perspective. Finland is an interesting market since profound economic changes and financial deregulation have taken place since the mid-1980s. Using Finnish firm size ranked portfolios and a conditional four-factor asset pricing model, several restrictions
Kim Nummelin, Mika Vaihekoski
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IMPERFECT LABOUR MARKETS, THE STOCK MARKET AND THE INEFFICIENCY OF CAPITALISM *

Oxford Economic Papers, 1992
In a capitalist economy, capitalists can sell their stake in a firm on the stock market whereas workers cannot sell their jobs. It is argued that when workers have some bargaining power this asymmetry in property rights leads to inefficiencies. The consequences of this are explored and certain policy options considered. Copyright 1992 by Royal Economic
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Import Competition and the Stock Market Return to Capital [PDF]

American Economic Review, 1987
We measure the responsiveness of returns to capital invested in six U.S. industries to shocks to the prices of competing import goods. Recognizing that most capital services are not traded on spot rental markets, we treat the intersectoral mobility of capital as the outgrowth of investment behavior.
Grossman, Gene M, Levinsohn, James A
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VENTURE CAPITAL AND NEW STOCK MARKETS IN EUROPE

2005
In this chapter we describe the development of venture capital and new stock markets in Europe. We argue that markets for high-growth stocks offer venture capitalists a valuable exit opportunity for their investments. This allows them to re-invest their money in other start-up companies and may spur the rate of new business creation and technological ...
Giudici G., Roosenboom P.
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Stock Market Capital Gains and Consumption Expenditures

The Journal of Finance, 1973
THIS STUDY examines time series and cross section data for evidence that stock market gains and losses influence consumption spending. Several consumption function studies have found net worth changes to be highly significant. And, because capital gains on equities have comprised a major part of net worth changes since World War II, one might expect ...
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Impact of Stock Repurchase on the Capital Markets

Advances in Economics, Management and Political Sciences, 2023
This study intends to examine, from an economic and accounting standpoint, how the share repurchase procedure affect financial markets by specifically testing their effects on the financial performance of the specific companies. The OLS regression analysis was used on 66 companies that were traded on the American Stock Exchange between 2009 and 2020 as
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Capital Mobility and the Origins of Stock Markets

International Organization, 2001
I illustrate the accepted, though hardly researched, idea that political institutions play a role in locking in factor specificity across sectors, space, and borders. I use the emergence of modern capital markets in the nineteenth century, a process that threatened to redeploy financial resources away from land and traditional sectors to heavy industry,
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Partisan Politics and Stock Market Capitalization

Journal of Research Methodology, 2016
Conventional wisdom assumes that pro-labor left-wing politics frightens investors. Literature challenging the traditional approach shows that a pro-labor government encourages investment to create job opportunities to promote labor income. This study argues that the effect of partisan balance of power on the stock market is conditional upon the size of
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The Determinants of Stock Market Development and Liquidity in Capital Markets

2017
“At the early stages of its establishment the stock market is a complement rather than substitute for the banking sector. Developing the banking sector can promote stock market development as demonstrated by the experiences of many East Asian countries.
Sarah Newton, Ingrid O'Connor
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The big bang: Stock market capitalization in the long run

Journal of Financial Economics, 2022
Dmitry Kuvshinov, Kaspar Zimmermann
exaly