The respective study covers three aspects; factors determining credit rating, credit rating impact on performance of entities and the relation between stock returns and credit rating. The study focuses on the firms listed in Taiwan Stock Exchange (TSE) of Taiwan. The empirical analysis uses the data of 50 firms rated by Taiwan Ratings Corporation (TRC) for the period 2010-2015. Two estimation t...

In an open multi-country economy, the safe assets supply shapes pattern of international capital flows. A higher productivity growth rate raises net inflows for economies with abundant assets, but reduces scarce assets. The cross-section analysis on a sample 170 over 1980–2013 confirms theory. evidence is robust instrument-variable (IV) method. JEL Classifications: F15, F36, F43

Cet article propose une reconstitution de l’approche Nogaro des phénomènes monétaires, et souligne sa contribution à l’explication hyperinflationnistes. Pour ce faire, nous exposons son approche méthodologique conception la monnaie : méthode historique le nominalisme monétaire. Celles-ci l’ont conduit proposer interprétation origina...

This paper – which takes into consideration overall experience with the Harmonised Index of Consumer Prices (HICP) as well improvements made to this measure inflation since 2003 finds that HICP continues fulfil prerequisites for index underlying ECB’s definition price stability. Nonetheless, there is scope enhancing HICP, especially by including owner-occupied housing (OOH) using net acquisitio...

the relationship between technology and international competitiveness dates back to the neo-technological trade theories of the 1960s. this approach considers difference in technology as the primary motive for difference among nations in terms of trade performance. the technology gap approach emphasizes inter-country differences in innovativeness as the basis for international trade flows. the ...

abstract t his paper explains bilateral trade patterns between south korea and thirteen opec member countries over the period 1980-2014 using a gravity model. the estimation results show that the gravity equation fits the data reasonably well. we confirmed the existence of long term relationships between the bilateral trade flows and the main components of gravity model - gdp, income (gdp per c...

ABSTRACT Little is known about the factors that influence whistleblowing for contingent workers. This study compares intentions of 146 traditional full-time and We find workers are significantly less likely to whistleblow than Some these differences in appear be due feelings powerlessness, organizational citizenship behavior, commitment have relation their organizations. offer future research i...

This paper estimates and compares four versions of the sticky price New Keynesian model for the Euro area, using a Bayesian approach as described in Rabanal and Rubio-Ramírez (2003). We find that the average duration of price contracts is between four and eight quarters, similar to the one estimated in the United States, while price indexation is found to be smaller. On the other hand, average ...

We show that a strong linear relationship exists between income and house price quantiles in Sydney (Australia), Houston, and the state of Texas. This suggests that the house price distribution is closely approximated by the income distribution after a location-scale transformation. The slope of the line changes over time in response to changes in the mortgage market. We argue that this finding...

We study the effects of firm’s credit condition on (1) labor market performance and (2) the inflation and unemployment relationship, in a new monetarist model. Better credit condition has positive impact on labor market as firms save on financing cost, improve profitability, and thus create more vacancies. Inflation increases the financing cost and thus discourages job creation. On the other ha...