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The influence of intraday seasonality on volatility transmission patterns
(Taylor & Francis, 2018)
Using data on a five-minute interval basis, this article analyses the effects of intraday
seasonality on volatility transmission between the spot and futures markets of the
CAC40, DAX30 and FTSE100. Remarkable differences ...
Risk Disclosure and Cost of Equity: ABayesian Approach
(Instituto Tecnológico Metropolitano, 2020)
El objetivo de este artículo es analizar la relación entre la divulgación de información sobre riesgo y el coste de capital de los recursos propios de empresas que cotizan en el mercado de capitales español. Este estudio ...
La transparencia en las administraciones locales españolas
(Centro de Estudios Financieros, 2016-06)
This article draws on information published by the organisation "Transparency international-Spain (TI-Spain)" for the perios 2008-2014 to analyse levels of transparency in larger-Spanish local authorities. The results shows ...
La inversión sostenible como integradora de los aspectos sociolaborales, ambientales y de gobernanza en el mercado financiero: productos, medición y normativa en Europa
(Centro de Estudios Financieros - CEF, 2022-07-07)
La inversión sostenible (IS) se ha convertido en uno de los temas más destacados para la comunidad empresarial, los mercados financieros y la sociedad en los últimos años. Cada vez más, las inversiones buscan estimular la ...
Institutional investment management: An investor's perspective on the relation between turnover and performance
(Taylor & Francis, 2018-01)
The main aim of this study is to analyse the relationship between turnover and performance in institutional investment management. For a sample of US equity mutual funds during the period January 1999–December 2014, we ...
The investor’s choice between active and index funds
(Universidad Camilo José Cela, 2018)
This study compares the performance of actively-managed mutual funds and index funds.
For a large sample of US domestic equity share-class funds, we analyze the relation between
portfolio turnover and fund risk-adjusted ...
Lead-lag relationship between spot and futures stock indexes: Intraday data and regime-switching models
(Elsevier, 2020-04-08)
This paper analyzes the impact of arbitrage opportunity changes on the price discovery process between the DAX30 index and the DAX30 index future within a short time scale. To this end, we use 5-min data, regime-switching ...
Does active management add value? New evidence from a quantile regression approach
(Taylor & Francis, 2019-06)
While it has long been recognised that active management is an important issue in the
area of mutual fund performance, little consensus has been reached about the value managers’
abilities can add. This study examines ...
An international approach of the relationship between board attributes and the disclosure of corporate social responsibility issues
(Wiley, 2018)
Firms interested in being perceived by all stakeholders and society as drivers of corporate social responsibility (CSR) activities, especially regarding CSR reporting, should have boards of directors that defend not only ...
Do board characteristics drive firm performance? An international perspective
(Springer Berlin Heidelberg, 2019-02)
The aim of our research is to analyze how board characteristics influence firm performance.
In this paper, we specifically examine how board size, board independence, CEO duality,
female directors and board compensation ...