Flexible Multivariate GARCH Modeling with an Application to International Stock Markets
RECERCAT - Dipòsit de Recerca de Catalunya
the Multivariate GARCH(1,1) model. The problem is that the estimation of the general Diagonal-Vech model model is numerically infeasible in dimensions higher than 5. The common approach is to estimate more restrictive models which are tractable but may...
Monografía
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Measuring sustained superior performance at the firm level
RECERCAT - Dipòsit de Recerca de Catalunya
performance and of its sustainability over time. In contrast to existing measures of performance, the SPM provides: (i) a dynamic approach by considering the progress or regress in performance over time, and (ii) a cardinal measurement of performance...
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Spanish Auditors and the 'True and Fair View'
RECERCAT - Dipòsit de Recerca de Catalunya
a variety of shades of meaning, and to have had strikingly different impact in different countries. Within the European Union the term has been seen as a 'Trojan horse', inserted into the 4th Directive to inject an Anglo-Saxon approach of flexibility and...
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Optimal Contracts, Adverse Selection, and Social Preferences: An Experiment
RECERCAT - Dipòsit de Recerca de Catalunya
three possible menus favor the principal, they do so to varying degrees. We observe numerous rejections of the more lopsided menus, and approach an equilibrium where one of the more equitable contract menus (which one depends on the reservation payoffs...
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Economic Rationality and Ethical Behavior
RECERCAT - Dipòsit de Recerca de Catalunya
hide the corresponding lack of consistency. This discursive approach based on transparency and confidentiality helps to further distinguish between ethical and unethical business behaviors....
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Security Analysts as Frame-Makers
RECERCAT - Dipòsit de Recerca de Catalunya
of our approach for an understanding of markets in general and analysis in particular during periods of Knightian uncertainty....
On a Series of Goldbach and Euler
RECERCAT - Dipòsit de Recerca de Catalunya
approach, though, is completely in tune with Goldbach and Eulers proof. We hope to convince the reader then how, a few simple ideas from nonstandard analysis, vindicate Euler's work....
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Reporting Intellectual Capital in Spain
RECERCAT - Dipòsit de Recerca de Catalunya
approach, through the difference between market and book value over the period considered. Results show that there is a general decrease in the 'hidden value' of these companies, probably due to the general trend in stock markets. 2) Secondly, we carry out...
Adaptive Model Selection Using Empirical Complexities
RECERCAT - Dipòsit de Recerca de Catalunya
estimation error. An estimate is chosen from the list of candidates in order to minimize the sum of class complexity and empirical risk. A distinguishing feature of the approach is that the complexity of each model class is assessed empirically, based on the...
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A Portrait of the Spanish Accounting Community
RECERCAT - Dipòsit de Recerca de Catalunya
a questionnaire circulated to Spanish accounting academics in 1995 and upon an analysis of authorship and citations in the main Spanish accounting journals. The approach to these analyses is grounded in similar studies which have been carried out in the United...
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Voto dual y abstención diferencial. Un estudio sobre el comportamiento electoral en Cataluña
RECERCAT - Dipòsit de Recerca de Catalunya
nationalist centre-right party in the autonomous elections in a region where always wins the socialist party in general elections, is due to the combination of the dual vote and differential abstention phenomena. The rational choice methodological approach...
Geographical effects on the accuracy of textile trade data:an international approach for 1913
RECERCAT - Dipòsit de Recerca de Catalunya
Colabora: Universitat Pompeu Fabra. Departament d'Economia i Empresa Autor/es: Anna Carreras; Resumen : Foreign trade statistics are the main data source to the study of international trade. However its accuracy has been under suspicion since Morgernstern published his famous work in 1963. Federico ...
