Journal Article Event Study Testing with Cross-sectional Correlation of Abnormal Returns Get access James W. Kolari, Kolari Texas A&M University Send correspondence to Seppo Pynnönen, Department Mathematics and Statistics, Vaasa, P. O. Box 700, Finland; telephone: +358-6-3248259. Search for other works by this author on: Oxford Academic Google Scholar Pynnönen Finland The Review Financial Studies, Volume 23, Issue 11, November 2010, Pages 3996–4025, https://doi.org/10.1093/rfs/hhq072...

The Miles and Snow strategic typology is a useful tool for categorizing as well understanding the types of strategies to be followed by organizations. authors attempt relate usefulness this field marketing strategy report an empirical investigation, within context, used firms in dynamic environment. Results provide support its applicability area strategy.

The quiet life hypothesis posits that firms with market power incur inefficiencies rather than reap monopolistic rents. We propose a simple adjustment to Lerner indices account for the possibility of forgone rents test this hypothesis. For large sample U.S. commercial banks, we find adjusted are significantly larger conventional and trending upward over time. Instrumental variable regressions reject cost inefficiencies. However, profit reveal among banks.

This paper investigates the volatility processes of stablecoins and their potential stochastic interdependencies with Bitcoin volatility. We employ a novel approach to choose optimal combination for power law exponent minimum value volatilities bending law. Our results indicate that is well-behaved in statistical sense finite theoretical variance. Surprisingly, are statistically unstable contemporaneously respond Also, whereas not Granger-causal volatility, lagged exhibits effects on...

This study examines long-run relationships and short-run dynamic causal linkages among the US, Japanese, ten Asian emerging stock markets, with particular attention to 1997–1998 financial crisis. Extending related empirical studies, comparative analyses of pre-crisis, crisis, post-crisis periods are conducted comprehensively evaluate how market integration is affected by crises. In general, results for case Asia show that both cointegration these markets were strengthened during crisis have...

The Miles and Snow strategic typology is a useful tool for categorizing as well understanding the types of strategies to be followed by organizations. authors attempt relate usefulness this field marketing strategy report an empirical investigation, within context, used firms in dynamic environment. Results provide support its applicability area strategy.

Abstract Numerous empirical studies establish that inflation has a negative short‐run effect on stock returns but few report positive, long‐run Fisher for returns. Using price and goods data from six industrial countries, we show elasticities of prices with respect to exceed unity range 1.04 1.65, which tends support the effect. We also find time path response shock in exhibits an initial response, turns positive over longer horizons. These results help reconcile previous evidence inflation....

The present paper examines the long‐run impact of inflation on homeowner equity by investigating relationship between house prices and nonhousing goods services, rather than return series rates as in previous empirical studies hedging ability real estate. There are two reasons for this methodological departure from prior practice: (1) while total housing cannot be accurately measured, is fully reflected prices, (2) given that using returns or differencing a time leads to loss information...

This paper employs stochastic frontier cost and profit models to estimate the efficiency of multibillion dollar European U.S. banks. Empirical results suggest that both large banks have decreasing (increasing) (profit) returns scale. Also, in Europe United States similarly exhibit increasing scale scope economies for model. However, higher average than on average. We conclude potential gains are possible via geographic expansion

We hypothesize that financial disintermediation during and after the Great Depression arose from slow liquidation of failed-bank deposits. Empirical results incorporating stock failed national bank deposits for period 1921–40 in vector autoregression (VAR) models suggest closed banks undergoing is as important money terms explaining output changes over forecast horizons one to three years. Hence, we infer dynamic effects banking sector shocks were cumulative pervasive Depression.