Suchergebnisse

Corporate governance -- The governance structure of American corporations -- A schematic contractual governance structure -- Markets -- Valuation -- Corporate governance issues in investment decisions -- Corporate governance issues and the financing decision -- Corporate governance dividend issues -- Corporate governance and managerial compensation

AbstractThis paper examines the effects of interest rate news on changes in forward foreign exchange rates. Virtually none of the errors in forecasting forward exchange rates are explained by interest rate forecasting errors. The results are consistent with a conjecture that the forward exchange rate is not an estimate of the expected spot exchange rate.

AbstractThe purpose of this paper is to analyze the behavior of gold prices during the last dozen years. Instead of employing the traditional short‐term analytical tools, however, rescaled range analysis is used to focus on what has become known as persistent or long‐term dependence. This type of behavior reveals itself in the form of extensive periods of similar behavior, often described as nonperiodic cycles. It is found that gold prices do exhibit persistent dependence. This finding suggests that, to be successful, market participants must develop strategies to deal with this phenomenon.