Though overall bank performance from July 2007 to December 2008 was the worst since the
Great Depression, there is significant variation in the cross-section of stock returns of large …

Real stock prices do not show the relation to long-term interest rates that a simple rational
expectations present value model would imply. Real stock prices drop when long-term interest …

During 2005–2006, the Chinese government implemented the split share structure reform,
aimed at eliminating non-tradable shares (NTS), ie the shares typically held by the State or by …

The paper investigates linkages between general macroeconomic conditions and the housing
market for the G-7 area. Among the key results of the paper, we find that the US are an …

The paper aims at understanding the relation between corporate governance (CG) and
corporate social responsibility (CSR). In theory, CG refers mainly to the mechanisms which …

In the paper we study the relationship between macroeconomic and stock market volatility,
using S&P500 data for the period 1970–2001. We find evidence of a twofold linkage between …

In the paper monthly realized moments for stock market returns for the US, the UK, Germany
and Japan are employed to assess the linkages holding across moments and markets over …

I first came across artificial neural networks (ANNs) when a colleague directed an inquiry
my way about ten years ago. As an economist in a business school, I have become used to …

Though overall bank performance from July 2007 to December 2008 was the worst since at
least the Great Depression, there is significant variation in the cross-section of stock returns …

We introduce a growth model with environmental assets as a source of utility and an input to
consumption and production. In this model we develop the Green Golden Rule, a …