PERSONAL INCOME TAXATION: AN EVALUATION OF THE ARGUMENT FOR A PERSONAL EXPENDITURE TAXEmerald - Tập 5 Số 2 - Trang 3-48 - 1981
T.RITSON FERGUSON
The fundamental problem of designing a wide scope general revenue tax can be
reduced to the selection of the base used for administering the tax. Our current
personal income tax is a hybrid version of a tax assessed on the basis of a tax
unit's annual income receipts. An alternative to an income‐based tax that has
received much theoretical treatment but little actual application is an
expenditure‐... hiện toàn bộ
Toeholds and takeover probability: implications for investment strategiesEmerald - - 2009
J.Samuel Baixauli, Matilde O.Fernández
PurposeThe purpose of this paper is to propose various toehold indicators and
analyse whether the models incorporating these indicators can be used to
establish investment strategies.Design/methodology/approachLogistic regression
is used to test toehold indicator significance.FindingsThe results reflect that
the designed measures are positively correlated to the likelihood of launching a
takeover,... hiện toàn bộ
Rational speculative bubbles in MENA stock marketsEmerald - - 2010
Jung‐SukYu, M.Kabir Hassan
PurposeThe purpose of this paper is to examine the existence of rational
speculative bubbles in the Middle East and North African (MENA) stock
markets.Design/methodology/approachTo complement shortcomings of the traditional
bubble tests, such as unit root tests and cointegration tests, mainly relying on
expectations of future steams of dividends, the authors employ fractional
integration tests and... hiện toàn bộ
Kiểm tra khả năng cạnh tranh trong ngành ngân hàng Kuwait Dịch bởi AI Emerald - Tập 25 Số 4 - Trang 253-266 - 2008
SaeedAl‐Muharrami
Mục đíchHai mục tiêu của bài báo này là: trước tiên, điều tra cấu trúc thị
trường của ngành ngân hàng Kuwait và thứ hai, đánh giá sức mạnh độc quyền của
các ngân hàng trong giai đoạn 1993‐2002.Thiết kế/phương pháp/tiếp cậnBài báo xem
xét cấu trúc thị trường bằng cách sử dụng các chỉ số tập trung thường được áp
dụng nhất là tỷ lệ tập trung ngân hàng k (CRk) và Chỉ số Herfindahl‐Hirschman
(HHI) và đ... hiện toàn bộ
FOREIGN OWNERSHIP AND COST EFFICIENCY IN U.S. MULTINATIONAL BANKINGEmerald - Tập 15 Số 2 - Trang 60-85 - 1994
C. EdwardChang, Fayez A.Elayan, Chwo‐Ming JosephYu
This study provides a comparison of cost efficiency between foreign‐owned
multinational banks operating in the U.S. and U.S.‐owned multinational banks in
their production of banking services from 1984 to 1989. The results indicate
that foreign‐owned multinational banks operating in the U.S. did not have
comparative cost advantage over U.S.‐owned multinational banks.
ARE THE CPI AND WPI APPROPRIATE MEASURES TO USE FOR TESTING THE PPP HYPOTHESIS?Emerald - Tập 18 Số 1 - Trang 62-99 - 1997
MarilynMiller Dutton
This paper evaluates the commonly used CPI and WPI proxies for the real exchange
rate by comparing them to new measures constructed from a different data series
of traded and nontraded goods prices. The tests provide mixed evidence in favor
of using the general price indexes to construct measures of the real exchange
rate.
THE EVOLUTION OF INDUSTRIAL CONCENTRATION DUE TO LUCK: AN EXTENSIONEmerald - Tập 15 Số 1 - Trang 71-88 - 1993
DemetriusKantarelis
Gibrat's Law of Proportionate Effect is reconsidered by assuming a process of
stochastic growth and decline of firms in an industry. With the assistance of
computer simulations it is shown that such a process leads to an even more
skewed size distribution of firms than a random process of growth only.
PURCHASING POWER PARITY DOCTRINE: AN UNRESTRICTED COINTEGRATION TESTEmerald - Tập 16 Số 2 - Trang 22-45 - 1996
Swarna D.Dutt, DipakGhosh
The purchasing power parity hypothesis is investigated within a highly
economically integrated set of nations, namely the European Monetary System. We
use the Phillips‐Hansen Fully Modified Ordinary Least Squares procedure, which
for the first time allows for an unrestricted cointegration test of the PPP
doctrine. We sequentially test for the weak and strong form of PPP.
AN ANALYSIS OF STABILITY IN A KEYNESIAN ECONOMY WITH RICARDIAN CONSUMERSEmerald - Tập 14 Số 1 - Trang 49-69 - 1991
BenjaminRusso
Ricardian behavior may increase the variance of consumption: A change in
national income will change future tax liabilities endogenously; if consumers
are Ricardian, consumption will change for this reason. This paper studies the
effects of these changes on the stability of an economy with sticky prices. The
analysis indicates that Ricardian tax discounting would tend to reduce
macroeconomic stabi... hiện toàn bộ