Publications des institutions partenaires
Economic growth and environmental regulation in the People's Republic of China: introduction to the volume
Institution partenaire
Institut de hautes études internationales et du développement
Français, English / 22/07/2011
Secteur privé
Institution partenaire
Institut de hautes études internationales et du développement
Français, English / 22/07/2011
Monetary policy and exchange rates: theory and practice
Institution partenaire
Institut de hautes études internationales et du développement
Français, English / 22/07/2011
Private sector
Institution partenaire
Institut de hautes études internationales et du développement
Français, English / 22/07/2011
Decentralization, local governance, and rural development
Institution partenaire
Institut de hautes études internationales et du développement
Français, English / 22/07/2011
Investment opportunities in the source country and temporary migration
This paper examines how attractive investment opportunities available to temporary migrants at home affect their saving behaviour and the optimal duration of stay abroad. The model predicts an inverse U-shaped relationship between migration duration and the expected rate of return on repatriated savings. A higher rate provides an incentive to go back earlier and consume less abroad,...
Institution partenaire
Institut de hautes études internationales et du développement
Français, English / 21/07/2011
Perspectives on monetary policy in Switzerland
Institution partenaire
Institut de hautes études internationales et du développement
Français, English / 21/07/2011
Financial market imperfections and the impact of exchange rate movements on exports
This paper analyzes empirically the role of financial market imperfections in the way countries’ exports react to a currency depreciation. Using quarterly data for 27 developed and developing countries over the period 1990–2005, we find that the impact of a depreciation on exports will be less positive—or even negative—for a country if: (i) firms borrow in foreign currency; (ii) they...
Institution partenaire
Institut de hautes études internationales et du développement
Français, English / 21/07/2011
Immigrant parents and children: an analysis of decisions related to return migration
It is not unusual for immigrants to leave the host country and resettle permanently in their country of origin. This paper examines the interaction among some of the key factors that influence the return decision of immigrant households. These include purely economic variables such as wages of the two countries and the costs and benefits of accumulating country-specific human capital...
Institution partenaire
Institut de hautes études internationales et du développement
Français, English / 21/07/2011
Trends and issues in international development cooperation
Institution partenaire
Institut de hautes études internationales et du développement
Français, English / 21/07/2011
Trade and growth with heterogeneous firms
Institution partenaire
Institut de hautes études internationales et du développement
Français, English / 21/07/2011
The informational contents of announcements on verified emissions in the EU ETS - An empirical investigation using a multi-country event study approach
Empirical studies on the relation of the European Union Emissions Trading Scheme (EU ETS)
and its impact on stock prices of affected companies concentrate so far mostly on the mechanism
between emissions allowance (EUA) price and stock returns. This study in contrast examines the
relation of stock returns and the announcement on verified emissions (VE). We use event...
Institution partenaire
English / 09/06/2011
Does the stock market value the inclusion in a sustainability stock index? An event study analysis for German firms
This paper empirically analyzes the effect of the inclusion of German corporations in the Dow Jones STOXX Sustainability Index (DJSI STOXX) and the Dow Jones Sustainability World Index (DJSI World) on stock performance. In order to receive robust estimation results, we apply an event study approach that is based on both a modern asset pricing model, namely the three-factor model...
Institution partenaire
English / 01/01/2011
Corporate Real Estate and Sustainability Survey : Coroporate Real Estate and Sustainability in Switzerland
Institution partenaire
English / 01/11/2010
Incomplete Observations and Constructed Relevance: A Framework for the Assessment and Management of Corporate Sustainability
In this paper I argue that the assessment and management of corporate sustainability potentially runs the risk of severe biases due to the application of inadequate criteria. Firstly, present praxis as well as theory of corporate sustainability assessment tend to not distinguish between structural and performance related features relevant for corporate sustainability. Secondly, the...
Institution partenaire
English / 17/09/2010
Politicited Corporations and Legitimacy Gaps: Challenges for Corporate Governance
Beyond national peculiarities, corporate governance practice is mainly centered on the protection of investors’ rights. However, this view neglects the fundamental changes of the operating conditions of business due to globalization and the weakening of regulatory frameworks. Weak or absent enforcement of contracts, increasingly unfettered negative externalities of corporate action,...
Institution partenaire
English / 11/09/2010
Globalization and the political role of the firm: Implications for corporate governance
Present-day discussions of corporate Governance is mainly centered on finance-related issues and the relation of shareholders and management. However, this view neglects the fundamental changes of the operating conditions of business due to globalization and the weakening of regulatory frameworks, not only changing the role of business, rendering it a political actor in part....
Institution partenaire
English / 10/08/2010
Closing the Legitimacy Gap in Corporate Governance: Governing the Multinational Corporation by Means of Democratic Decision Making
Beyond national peculiarities, corporate governance practice is mainly centered on the protection of investors’ rights. However, this view neglects the fundamental changes of the operating conditions of business due to globalization and the weakening of regulatory frameworks. Weak or absent enforcement of contracts, increasingly unfettered negative externalities of corporate action,...
Institution partenaire
English / 03/07/2010
Sustainability and property valuation: a risk-based approach
The proportion of sustainable property in the total building stock remains small. One reason is that the financial added value resulting from sustainability is not sufficiently taken into account in property valuation due to the tendency of valuations to lag behind market trends. This article presents the development of a new approach that attempts to provide the quantitative...
Institution partenaire
English / 01/05/2010
What determines the inclusion in a sustainability stock index? A panel data analysis for European firms
This paper empirically examines the determinants of the inclusion of European firms in the Dow Jones Sustainability World Index and the Dow Jones Stoxx Sustainability Index. While a restricted econometric analysis implies a positive effect of corporate financial performance, this impact becomes ambiguous in more flexible panel probit models. Our estimation results therefore...
Institution partenaire
English / 15/02/2010
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