infonet-economy

This special issue of Annales d Economie et de Statistique contains a selection of original papers that were presented at the ADRESI meeting on "Econometric Evaluation of Public Policies: Methods and Applications".

In this paper, we first discuss the characteristics and major benefits of the Swiss risk-based capital standards for insurance companies (Swiss Solvency Test), introduced in 2006. As the insurance industry is one of the largest institutional investors in Switzerland, changes to its asset and liability management as a result of the new regulatory framework could have striking economic...

Numerous studies have investigated the impact of family influence on the performance of a firm. The most-cited scholarly article in this respect was published by Anderson and Reeb (2003) who found that publicly quoted family firms outperformed their nonfamily counterparts. Since publication of Anderson and Reeb's (2003) article, comparable studies have been replicated throughout...

Manager verfolgen oft nur kurzfristige Ziele und drücken sich vor langfristigen Strategien. Das kann fatale Folgen haben sagen Günter Müller-Stewens und Matthias Brauer.

For the most part, studies on change management have attempted to determine the factors that influence employee resistance to change. The focus of the present study is to test whether job motivation and self-confidence for learning and development influence employee support for downsizing. Data were gathered from a sample of 86 teachers at one private school in Bangkok, Thailand. The...

We use Markov Chain Monte Carlo (MCMC) methods for the parameter estimation and testing of conditional asset pricing models. In contrast to traditional approaches, it is truly conditional because the assumption that time variation in betas is driven by a set of conditioning variables is not necessary. Moreover, the approach has exact finite sample properties and accounts for errors-...