Buscar
Sustainable development through the effect of board diversity and CEO duality on corporate risk: Does the state-owned enterprises matter?
(Wiley, 2022-04-12)
To date, not much research has been devoted to analyzing the impact of some corporate
governance mechanisms (board diversity and CEO duality) on corporate risk. Consequently, we believe that it is necessary to study such ...
Non-Linear Tradeoff between Risk and Return: A Regime-Switching Multi-Factor Framework
(Delta PublicacionesAsociación Internacional de Economía Aplicada, 2012)
This study develops a multi-factor framework where not only the market risk is considered but also potential changes in the investment opportunity set. Although previous studies find no clear evidence about a positive and ...
The Risk - Return Trade - off in Europe: Is There a Pro - cyclical Risk Aversion ?
(Academy of Economic Studies in Bucharest, 2012)
This paper analyzes the risk-return trade-off in European equities
considering both temporal and cross-sectional dimensions. We introduce not only the
market portfolio but also 15 industry portfolios comprising the entire ...
Short and long-term evaluation of efficiency and quality : an application to Spanish municipalities
(Taylor & Francis, 2009)
This article analyses efficiency and quality levels in Spanish local governments and their determining factors through the application of the Data Envelopment Analysis methodology. It aims to discover to what extent ...
Contingent Claims and Hedging of Credit Risk with Equity Options
(Oxford University Press, 2024)
Using contingent-claims valuation, we introduce novel hedge ratios for credit exposures using put options. Option hedge ratios are generally in line with the empirical sensitivities of credit spread changes to put option ...
Output complexity, environmental conditions, and the efficiency of municipalities: a robust approach
(Instituto Valenciano de Investigaciones Económicas, 2010)
Over the last few years, many studies have analyzed the productive efficiency of local governments in different countries. An accurate definition of their output bundles -i.e., the services and facilities they provide to ...
Analyzing the suitability of LCIA methods to foster the most beneficial food loss and waste prevention action in terms of environmental sustainability
(Elsevier, 2024-06)
The food value chain is responsible for significant environmental and resource pressures. 14% of the total food
produced in the EU is lost or wasted along the supply chain (FAO, 2019) and 19% is disposed of when reaching
the ...
Market risk aversion under volatility shifts: An experimental study
(Elsevier, 2022-03-15)
We propose an experiment to analyze the relationship between volatility regimes and investors’ behavior and explore the mechanism by which aggregated risk aversion is configured. We design a market in which the volatility ...
Mutual fund performance: banking versus independent managers
(Taylor & Francis, 2011-09-09)
We examine the performance of mutual fund managers for a sample of Spanish mutual funds considering data on active management, loads, size and the number of funds managed per manager. We find evidence of differences in ...
La influencia de las remuneraciones de los consejeros ejecutivos de las empresas del Ibex 35 en la rentabilidad financiera
(Centro de Estudios Financieros, 2012)
El objetivo de este trabajo es analizar cómo afecta la retribución de los consejeros ejecutivos de las empresas del Ibex 35 en la rentabilidad financiera. Como variables de control que podrían influir en la rentabilidad ...