infonet-economy

Über Nachhaltige Entwicklungshilfe

We investigate the determinants of leverage and the impact of leverage on earnings quality using a large sample of public firms incorporated in 24 countries, from five hospitality sub-industries (bars and restaurants, gambling, hotels, recreational services, and travel and tourism), over the 2000-2016 period. First, we show that firm-specific characteristics (size, tangibility, and...

When digital evidence is presented in front of a court of law, it is seldom associated with a scientific evaluation of its relevance, or significance. When experts are challenged about the validity of the digital evidence, the general answer is “yes, to a reasonable degree of scientific certainty”. Which means all and nothing at the same time, since no scientific metric is...

This paper presents new data vintages on marketable debt emissions and total outstanding debt. The data are used to analyze the Swiss Confederation’s issuing behavior and debt management. Issuing behavior became more regular and demand-oriented during the early 1990s. The Treasury actively manages roll-over risk by increasing bond maturity with increasing marketable debt to GDP...

This paper sheds light on Swiss franc Libor futures, which are often used to measure interest rate expectations. We show that the differences between Libor futures and realized rates (excess returns) are, on average, positive over the last 25 years. Using interest rate surveys, we decompose excess returns into a (forward) term premium and forecast errors. The decomposition reveals...

We present a numerical model for the simulation of 3D poly-dispersed sediment transport in a Newtonian flow with free surfaces. The physical model is based on a mixture model for multiphase flows. The Navier–Stokes equations are coupled with the transport and deposition of the particle concentrations, and a volume-of-fluid approach to track the free surface between water and air. The...

Dans cet article, nous proposons une nouvelle approche concernant le modèle ontologique de la compétence basé sur la roue de Deming afin de faciliter la communication et la compréhension de l'information qui assure une bonne gestion des ressources au sein de l'entreprise. Nous choisissons l'ontologie car elle permet de définir et de gérer les compétences et les...

Using data for advanced and emerging economies, we show that there is a negative correlation between public debt and corporate investment. Industry-level regressions show that high levels of government debt are particularly damaging for industries that need more external financial resources. Firm-level regressions show that government debt increases the sensitivity of corporate...