infonet-economy

This study focuses on an issue particularly relevant in these difficult financial times. Can family businesses afford the risk associated with making investments that could generate higher returns? Studies examining financing behavior of family firms report higher control risk aversion than nonfamily firms, whereby control risk is measured through leverage levels. We found that...

The financial and economical crisis of the last three years has brought many new challenges for the Swiss economy. However, every crisis presents opportunities. A new report by Deloitte and the Institute of Management of the University of St. Gallen shows how Swiss business rate these opportunities and which actions are required by the government and companies if Switzerland wants to...

Alternative methods of dispute resolution are an important resource in matters of cultural heritage in addressing the return, restitution, and repatriation of cultural property. The purpose of this article is to analyze the situations in which such methods might be preferred to the classical judicial means and to examine the problems that might arise. The article is in two parts. The...

This paper examines whether the predictability of securitized real estate returns differs from that of stock returns. It also provides a cross-country comparison of securitized real estate return predictability. In contrast to most of the literature on this issue, the analysis is not based on a multifactor asset pricing framework as such analyses may bias the results.We use a time...

Investments in fiber-based infrastructures are an important stimulus for economic development. We discuss international fiber to the home policies and the trade-offs to be solved in their implementation.

Parametric option pricing models are widely used in finance. These models capture several features of asset price dynamics; however, their pricing performance can be significantly enhanced when they are combined with nonparametric learning approaches that learn and correct empirically the pricing errors. In this article we propose a new nonparametric method for pricing derivatives...