Three Essays on Portfolio Capital Flows to Emerging Markets

Three Essays on Portfolio Capital Flows to Emerging Markets
Title Three Essays on Portfolio Capital Flows to Emerging Markets PDF eBook
Author Hui Miao
Publisher
Pages 180
Release 1997
Genre Capital market
ISBN

Download Three Essays on Portfolio Capital Flows to Emerging Markets Book in PDF, Epub and Kindle

Three Essays in Financial Markets. The Bright Side of Financial Derivatives: Options Trading and Firm Innovation

Three Essays in Financial Markets. The Bright Side of Financial Derivatives: Options Trading and Firm Innovation
Title Three Essays in Financial Markets. The Bright Side of Financial Derivatives: Options Trading and Firm Innovation PDF eBook
Author Iván Blanco
Publisher Ed. Universidad de Cantabria
Pages 90
Release 2019-02-15
Genre Business & Economics
ISBN 8481028770

Download Three Essays in Financial Markets. The Bright Side of Financial Derivatives: Options Trading and Firm Innovation Book in PDF, Epub and Kindle

Do financial derivatives enhance or impede innovation? We aim to answer this question by examining the relationship between equity options markets and standard measures of firm innovation. Our baseline results show that firms with more options trading activity generate more patents and patent citations per dollar of R&D invested. We then investigate how more active options markets affect firms' innovation strategy. Our results suggest that firms with greater trading activity pursue a more creative, diverse and risky innovation strategy. We discuss potential underlying mechanisms and show that options appear to mitigate managerial career concerns that would induce managers to take actions that boost short-term performance measures. Finally, using several econometric specifications that try to account for the potential endogeneity of options trading, we argue that the positive effect of options trading on firm innovation is causal.

The Theory of Money and Financial Institutions

The Theory of Money and Financial Institutions
Title The Theory of Money and Financial Institutions PDF eBook
Author Martin Shubik
Publisher MIT Press
Pages 472
Release 1999
Genre Business & Economics
ISBN 9780262693110

Download The Theory of Money and Financial Institutions Book in PDF, Epub and Kindle

This first volume in a three-volume exposition of Shubik's vision of "mathematical institutional economics" explores a one-period approach to economic exchange with money, debt, and bankruptcy. This is the first volume in a three-volume exposition of Martin Shubik's vision of "mathematical institutional economics"--a term he coined in 1959 to describe the theoretical underpinnings needed for the construction of an economic dynamics. The goal is to develop a process-oriented theory of money and financial institutions that reconciles micro- and macroeconomics, using as a prime tool the theory of games in strategic and extensive form. The approach involves a search for minimal financial institutions that appear as a logical, technological, and institutional necessity, as part of the "rules of the game." Money and financial institutions are assumed to be the basic elements of the network that transmits the sociopolitical imperatives to the economy. Volume 1 deals with a one-period approach to economic exchange with money, debt, and bankruptcy. Volume 2 explores the new economic features that arise when we consider multi-period finite and infinite horizon economies. Volume 3 will consider the specific role of financial institutions and government, and formulate the economic financial control problem linking micro- and macroeconomics.

Three essays on empirical finance

Three essays on empirical finance
Title Three essays on empirical finance PDF eBook
Author Tse-Chun Lin
Publisher Rozenberg Publishers
Pages 146
Release 2009
Genre
ISBN 9036101514

Download Three essays on empirical finance Book in PDF, Epub and Kindle

Three Essays on Marx’s Value Theory

Three Essays on Marx’s Value Theory
Title Three Essays on Marx’s Value Theory PDF eBook
Author Samir Amin
Publisher NYU Press
Pages 97
Release 2013-10
Genre Business & Economics
ISBN 1583674241

Download Three Essays on Marx’s Value Theory Book in PDF, Epub and Kindle

In this slim, insightful volume, noted economist Samir Amin returns to the core of Marxian economic thought: Marx’s theory of value. He begins with the same question that Marx, along with the classical economists, once pondered: how can every commodity, including labor power, sell at its value on the market and still produce a profit for owners of capital? While bourgeois economists attempted to answer this question according to the categories of capitalist society itself, Marx sought to peer through the surface phenomena of market transactions and develop his theory by examining the actual social relations they obscured. The debate over Marx’s conclusions continues to this day. Amin defends Marx’s theory of value against its critics and also tackles some of its trickier aspects. He examines the relationship between Marx’s abstract concepts—such as “socially necessary labor time”—and how they are manifested in the capitalist marketplace as prices, wages, rents, and so on. He also explains how variations in price are affected by the development of “monopoly- capitalism,” the abandonment of the gold standard, and the deepening of capitalism as a global system. Amin extends Marx’s theory and applies it to capitalism’s current trajectory in a way that is unencumbered by the weight of orthodoxy and unafraid of its own radical conclusions.

Global Capital Markets

Global Capital Markets
Title Global Capital Markets PDF eBook
Author P.M. Vasudev
Publisher Edward Elgar Publishing
Pages 257
Release 2017-08-25
Genre Law
ISBN 1786432870

Download Global Capital Markets Book in PDF, Epub and Kindle

This topical volume examines key developments in the law regulating capital markets, drawing on examples from around the world – including United States, Canada, Europe, China, India, and New Zealand. With perspectives from international scholars, chapters look at current issues including the regulation of crowdfunding, efforts in Europe for shareholder empowerment, hedge fund activism in Canada, international regulatory cooperation, and regulation of corporate governance in China through securities law rules.

Three Essays and Three Revolutions

Three Essays and Three Revolutions
Title Three Essays and Three Revolutions PDF eBook
Author Francis Goskowski
Publisher Strategic Book Publishing
Pages 175
Release 2012-06-07
Genre Philosophy
ISBN 1622123182

Download Three Essays and Three Revolutions Book in PDF, Epub and Kindle

If you have ever wondered why American Catholics and American Protestants in the mainline denominations in 2011 believe and worship in very similar ways; why Democrats and Republicans accept the necessity of governmental intervention to secure the "safety net" of services citizens may need to access at various times in their lives; and why average American workers in their pivotal role as producers and consumers of goods and services "own" the nation's economy; Three Essays and Three Revolutions is the book for you.Author Francis Goskowski argues that Martin Luther, Jean-Jacques Rousseau, and Karl Marx, three "Founding Fathers" of the modern world, are responsible for the "big ideas" that have shaped current thinking in religion, politics, and economics. By closely examining one important work of each thinker, the author shows how the revolutionary concepts Luther, Rousseau, and Marx advanced, provoked fierce opposition within the prevailing order, but ultimately gained acceptance in all circles, evidenced by the fundamental agreement on religious liberty, civic equality, and economic justice apparent throughout the Western world today.This eloquently written, thought-provoking, and sensibly priced collection of essays...is timely and long overdue. Three Essays and Three Revolutions is the sort of wonderful book of which any aspiring writer might wish to claim authorship. I am sure that it will be wisely read, thoughtfully debated, and much treasured in the years ahead. - John Quentin Feller, Ph.D., K.H.S., former professor of history and historical consultant to the late Cardinal Lawrence J. Shehan and retired Cardinal William H. Keeler, 12th and 14th Archbishops of Baltimore respectively.