infonet-economy

This research proposes Conditional Currency Hedging based on FX risk factors to reduce total portfolio risk of given stock, bond or commodity portfolios. In our employed sample, a conditional currency hedging framework based on implied FX volatility results in lower variance of a global equity portfolio than achieved by either no, full or unconditional mean-variance hedging, both in…

Unser Land steht heute deshalb so erfolgreich und innovativ da, weil es die Zuwanderung stets zugelassen hat

We ask whether the markets expected the Swiss National Bank (SNB) to discontinue the 1.20 cap on the Swiss franc against the euro in January 2015. In the run-up to the SNB announcement, neither options on the euro/Swiss franc nor FX liquidity indicated a significant shift in market expectations. Furthermore, we find that the SNB's verbal interventions during the period of cap…

Bislang ist weitestgehend ungeklärt, ob und – falls ja – wie eine
Beziehung zwischen der Schweizer Wirtschaftskraft und der Güterverkehrsleistung besteht. Im Rahmen der Logistikmarktstudie
Schweiz wurde anhand von Sekundärdaten zum eidgenössischen
BIP und der Güterverkehrsleistung auf Strasse und Schiene
die Gültigkeit dieser sogenannten Kopplungs- bzw.…

With the publication of the proceedings/the conference “Gender and excellence in the making” (European Commission, 2004), the relationship(s) between these two crucial concepts had entered European Union’s political agenda. The proceedings mark out the relevance of Wennerås and Wold’s (1997) findings of male bias in peer review. Although subsequent research had not always been able…

Dass Strategieentwicklung kein Jahresprojekt sein muss, zeigt der Autor in seinem Buch. Anhand von sieben praxistauglichen Schritten erklärt Urs Frey klar und verständlich, wie der Leser in kurzer Zeit zu einer Strategie für sein Unternehmen kommen kann. Die dafür notwendigen Arbeitsblätter stehen zum Download bereit und Praxistipps helfen über typische Stolpersteine hinweg.

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Based on a longitudinal case study of a change initiative in a nursing department, we explore the question of how to embed paradox solutions. Drawing on routine dynamics our study shows the emergence of reflective routines as both a medium and part of the outcome to handle a paradox. The establishment of reflective routines moves from individual observing, through repeated…

This paper develops and applies a novel estimation procedure for quantile regressions with time-varying coefficients based on a fully parametric, multifactor specification. The algorithm recursively filters the multifactor dynamic coefficients with a Kalman filter and parameters are estimated by maximum likelihood. The likelihood function is built on the Skewed-Laplace assumption. In…

Purpose
This research aims to observe different evaluation procedures for business services that are applied by buying companies; revealing the necessity of an integrative evaluation approach.

Design/methodology/approach
Based on a systematic analysis, explorative case study research – regarding five Swiss multinational companies – is used. In addition, the…