5 articles in this issue
Nikola Radivojevic, Milena Cvjetkovic, Saša Stepanov
In this paper the authors introduce a new hybrid approach based on the Extreme Value Theory (EVT) to joint estimation of Value at Risk (VaR) and Expected Shortfall (ES) for high quantiles of return distributions. The approach is suitable for measuring mar... see more
Pablo Gálvez, Petr Mariel, David Hoyos
This paper analyses the Spanish residential demand of a bundle of goods conforming the basic services of the households (i.e. electricity, natural gas and drinking water) in 2012. The analysis is made using a QUAIDS model modified in order to consider the... see more
Chil Sun Choi, Pando Sohn, Ji-Yong Seo
This study examines whether a firm’s leverage can be used strategically to improve its bargaining position with an organized labor union using samples of non-financial firms listed on the Korean Stock Exchange (KSE) from 1999 to 2013. Through empirical te... see more
Muhammad Zubair Mumtaz, Zachary A. Smith, Ather Maqsood Ahmed
This paper estimates the short-run performance of IPOs issued on the Karachi Stock Exchange in Pakistan. The present study extends the existing literature concentrating on the degree of underpricing over a 3-month period lasting from the listing date to t... see more
Luis Chávez-Bedoya
In the present article we develop a discrete-time methodology to compare frontend load and balance fees in the accumulation phase of a defined-contribution pension fund under the system of individual accounts. Additionally, using various methods, we study... see more