R&D investment and institutional shareholders

This paper is an empirical investigation of corporate R&D expenditures in the UK. It focuses on the main determinants of R&D investment with particular emphasis on the role of institutional shareholders. We follow a methodological approach which is similar to that of Wahal and McConnell (2000).

Subprime mortgage market crisis

Demyanyk and Van Hemert (2008) argue that the most important cause of the subprime mortgage market crisis was that the quality of the loans worsened for six consecutive years before the crisis.

Transport Operations

Transport operations can be found at different stages of supply chains, from the collection of raw materials to the distribution of final products.

Russian oil and gas

How have the oil and natural gas industries helped Russia economically and politically and what are some of the challenges and opportunities that the energy industry presents to Russia? The significance of this question and its subsequent answer are critical in understanding the current economic and political situations facing the country, as well as the future of the Asian and European continents.

Departures from rational expectation and asset pricing anomalies.

Financial markets have been understood over time with models that have certain basic assumption. The mainstream approach is to assume that the representative agent is rational and as such makes decisions that are optimal. Rationality implies that the representative agent has the ability to reason and when confronted with new information is able to update his belief correctly in accordance to Bayes’ theory (i.e. the rule that the posterior probability of an event is determined by the prior probability of that event and new information).

Organization for economic cooperation and development

The Organization for Economic Cooperation and Development (OECD) defines foreign aid as financial flows, technical assistance, and commodities that are transferred from one country to another in order to promote economic development and welfare.Aid can be provided as either grants or subsidized loans.

Share market in chaina.

In the last two decades, China has shown a spectacular growth in its share of world trade. Although China has already become third largest exporter in the world, a relatively balanced trade account remained in China until recent years.