Robert C. Tatum 《The journal of international trade & economic development》2013,22(3):385-419

This paper examines the impact of capital import liberalization on the balance of payments when protection takes the form of a quota and when it takes the form of a tariff. Since tariff liberalization affects tax revenues, the analysis of tariff liberalization allows for a fiscal imbalance and a mechanism by which the fiscal imbalance is covered, namely an inflation tax. The analysis shows that the economy experiences a series of balance of payments deficits following trade liberalization, but an open capital account reduces the magnitude of these deficits.  相似文献   

    

Michael R. Czinkota 《Thunderbird国际商业评论》2005,47(1):1-13

The role of international marketing in society as perceived by the public is under attack. The discipline has progressively been linked to exploitation, increases in poverty, and special interests. The appeal of the discipline has declined, academics have switched fields, and its domain has shrunk severely from its heyday in the 1970s. This article presents a call for a new breadth of thinking in the discipline. The concept of freedom offers international marketing a key change agent in times of global adjustment. © 2005 Wiley Periodicals, Inc.  相似文献   

    

VAHAGN GALSTYAN  PHILIP R. LANE† 《Journal of Money, Credit and Banking》2009,41(6):1233-1249

We show that the composition of government spending influences the long-run behavior of the real exchange rate. We develop a two-sector small open-economy model in which an increase in government consumption is associated with real appreciation, while an increase in government investment may generate real depreciation. Our empirical work confirms that government consumption and government investment have differential effects on the real exchange rate and the relative price of nontradables.  相似文献   

    

Xinzhong Xu  Joseph Fan  K.C. John Wei 《Journal of Corporate Finance》2009,15(3):388

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Leonidas C. Leonidou  John S. Kaminarides  John Hadjimarcou 《Thunderbird国际商业评论》2004,46(5):545-573

Notwithstanding the dominant role of the United States in world trade, little is known about the relationships between smaller indigenous manufacturers and their foreign customers and how these differ from domestic market relationships. Using data from a recent study among 201 U.S. small and medium‐sized enterprises (SMEs), the article reveals that (a) these firms tend to put much more emphasis on the domestic side of their business, while the foreign market receives secondary treatment; (b) the atmosphere governing their relational exchanges differs in the two types of markets, being relatively healthier in domestic business; and (c) their domestic business performance levels, although moderate, are significantly higher than those found in foreign markets. © 2004 Wiley Periodicals, Inc.  相似文献   

  总被引：3，自引：0，他引：3  

Nayak  Subhankar; Prabhala  Nagpurnanand R. 《Review of Financial Studies》2001,14(4):1083-1116

While folklore in finance holds that split valuation effectsare due to dividend increases associated with splits, littleis known about magnitudes of dividend and nondividend componentsof split announcement effects. We find that splits and dividendsare indeed informational substitutes, a notion we characterizemore precisely, but a significant portion of split valuationeffects, 46% according to our estimates, cannot be attributedto dividend information in splits. Our techniques extend theliterature on conditional event-study methods and we illustratetheir practical value in testing hypotheses and analyzing datanot amenable to analysis by standard procedures.  相似文献   

    

SETH R. GITTER  THOMAS A. RHOADS 《Contemporary economic policy》2014,32(1):144-154

The established literature shows that new stadium construction for major league baseball (MLB) teams can increase attendance, but there are limited studies at the minor league level. We use a data set encompassing all A, AA, and AAA minor league baseball teams from 1992 to 2006 to estimate the impact of stadium construction on minor league attendance. This data set includes almost 200 teams, over half of which constructed a new stadium during the 15‐year observation period. Over a 10‐year period our results show that new stadiums increase attendance by 1.2 million fans at the AAA level, 0.4 million at the AA and high A level, and 0.2 million at short season low A. A cost benefit analysis suggests that increased ticket sales do not offset the stadium costs, in line with previous works on MLB. (JEL H0, L83)  相似文献   

    

Michael C. Jensen  William H. Meckling 《实用企业财务杂志》1994,7(2):4-19

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Andras Pete  David L. Kleinman  Krishna R. Pattipati 《International Journal of Intelligent Systems in Accounting, Finance & Management》1993,2(4):289-303

This paper presents a mathematical model to study the joint impact of organizational design and of the task environment on the decision performance of hierarchical organizations with limited internal communication. The problem context is a special class of distributed situation assessment problems, where possible patterns of binary variables are to be classified on the basis of partial and noise-corrupted information. Structural properties of tasks and organizations are described using a graph formalism, and optimal decision strategies at all decision makers are determined. Organizational expertise is characterized in the form of a Team Relative Operating Characteristic (TROC) curve, thereby replacing the organization by an equivalent single decision maker. Implementing the model, issues of task decomposition and the process of matching organizations with tasks are discussed.  相似文献   

    

Watson AF  Sokoloski SR 《Journal of insurance medicine (New York, N.Y.)》1993,25(4):460-462

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