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Whelan Garvan Hanly Paul O’Connell Vincent Dittrich Oldřich Ludwig Abu Ghazalah Naser 《International Advances in Economic Research》2021,27(1):17-27
International Advances in Economic Research - Based on transaction-cost and resource-based theories (and other approaches), there is an extensive literature on the range of factors that are viewed... 相似文献
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Mixed results have been documented for the performance of hedging strategies with the use of futures. This article reinvestigates this issue with the use of an extensive set of performance‐evaluation metrics across seven international markets. The hedging performances of short and long hedgers are compared with the use of traditional variance‐based approaches together with modern risk‐management techniques, including value at risk, conditional value at risk, and approaches based on downside risk. The findings indicate that use of these metrics to evaluate hedging performance yields differences in terms of best hedging strategy as compared with the traditional variance measure. Also, significant differences in performance between short and long hedgers are found. These results are observed both in sample and out of sample. © 2006 Wiley Periodicals, Inc. Jrl Fut Mark 26:677–702, 2006 相似文献
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Measuring the economic contribution of the international association conference market: An Irish case study 总被引:2,自引:0,他引:2
Conferences and meetings are a prerequisite in the modern global economy and can contribute substantially to national income and foreign exchange earnings. This study assesses the economic contribution of the international association conference market to Ireland and highlights key sectors that demonstrate strong multiplier effects. Primary conference expenditure estimates are combined with sector multipliers to determine direct, indirect and induced effects across a range of monetary aggregates in Ireland in 2007. Total direct conference spending of €131.1 million generated €235.8 million in output, €45.4 million in income, €101.6 million in value added, €52.0 million in imports and €9.3 million in product taxes. Key conference sectors are highlighted including hotels and restaurants, renting services of machinery and equipment, air transport and retail shopping. Findings also indicate the varying nature of derived economic effects over discrete time periods, particularly in the post conference period. Overall, the results demonstrate that the conference market contributed substantially to economic aggregates in Ireland in 2007. 相似文献
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Ken Hanly 《Journal of Business Ethics》1992,11(12):895-913
During the last decade, there has been a wave of mergers and hostile takeovers throughout the corporate world. This wave has been accompanied by various defensive strategies of managers to defend target firms from these takeovers. These include: greenmail, golden parachutes, and leveraged management buyouts. This paper examines hostile takeovers and defenses against them from a stakeholder point of view; that is, from a consideration of the various obligations a firm has to the different groups that have a stake in the firm. I conclude that many stakeholders, such as workers and communities, have unjustly suffered as a result of hostile takeovers and the associated defenses, and that their rights as stakeholders have been violated. Finally, I suggest some possible reforms to protect these stakeholders in the future.Ken Hanly is an Associate Professor of Philosophy, at Brandon University. His interests are in business ethics and social philosophy. Recent publications include The Ethics of Rent Control in JBE 10(3) (1991), and a review ofBusiness Ethics, by R. De George, inCanadian Philosophical Reviews, Vol xi(3) (June, 1991). An article on The Moral Responsibility of Corporations is upcoming in Dialogue. 相似文献
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Ken Hanly 《Journal of Business Ethics》1991,10(3):189-200
Residential rent control is a contentious issue in many jurisdictions throughout the world. While tenant groups have often argued vociferously in defence of control, landlord groups and the vast majority of economists have been equally vehement in their criticisms. This paper examines some key normative issues involved in rent control. In particular I examine arguments in favor of control based on the alleged unfairness of winfall profits, upon affordability, and finally on the creation of rights to security of tenure. Various objections by libertarian and free market philosophers and economists are examined. I conclude with a somewhat limited defense of rent control as used in specific situations as part of a more comprehensive policy to satisfy the normative demands at the root of tenant pressure for rent control.
Ken Hanly is an Associate Professor of Philosophy at Brandon University. His most recent publications are two book reviews in January and March 1990 in Canadian Philosophical Reviews. His research interests include business ethics, moral, and political philosophy. 相似文献
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We examine whether hedging effectiveness is affected by asymmetry in the return distribution by applying tail-specific metrics, for example, value at risk, to compare the hedging effectiveness of short and long hedgers. Comparisons are applied to a number of hedging strategies including OLS and both symmetric and asymmetric generalised autoregressive conditional heteroskedastic models. We apply our analysis to a dataset consisting of S&P500 index cash and futures containing symmetric and asymmetric return distributions chosen ex post. Our findings show that asymmetry reduces out-of-sample hedging performance and that significant differences occur in hedging performance between short and long hedgers. 相似文献
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