Extensive Margin Adjustment Of Multi Product Firm And Risk Diversification

Author : Carlos Carvalho
Publisher : International Monetary Fund
ISBN 13 : 1484303768
Total Pages : 44 pages
Book Rating : 4.64/5 ( download)

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Download or read book Extensive Margin Adjustment of Multi-Product Firm and Risk Diversification written by Carlos Carvalho and published by International Monetary Fund. This book was released on 2017-06-30 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: Product scope adjustment is a key mechanism through which multi-product firms achieve efficient resource allocations. In this paper, we take a novel perspective to study firms’ product scope adjustment behavior through the lens of asset pricing. Using a unique panel scanner data set containing detailed information on products, matched with the financial information of their manufacturers, we find that multi-product firms with higher product turnover have lower financial risks and lower risk premia. To understand this channel, we propose a stylized model with a time-dependent (Calvo-type) product turnover rate to highlight the ’risk absorption channel’ of product scope adjustment. In response to an economy-wide shock, a firm that can adjust its product scope more flexibly shows lower excess equity returns and lower asset volatility.

Author : International Monetary Fund. Research Dept.
Publisher : International Monetary Fund
ISBN 13 : 1484327292
Total Pages : 15 pages
Book Rating : 4.96/5 ( download)

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Download or read book IMF Research Bulletin, Fall 2017 written by International Monetary Fund. Research Dept. and published by International Monetary Fund. This book was released on 2017-11-09 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Fall 2017 IMF Research Bulletin includes a Q&A article covering "Seven Questions on the Globalization of Farmland" by Christian Bogmans. The first research summary, by Manmohan Singh and Haobing Wang is "Central Bank Balance Sheet Policies: Some Policy Implications." The second research summary is "Leaning Against the Windy Bank Lending" by Giovanni Melina and Stefania Villa. A listing of new IMF Working Papers and Staff Discussion Notes is featured, as well as new titles from IMF Publications. Information on IMF Economic Review is also included.

Author : Dale W. Jorgenson
Publisher : University of Chicago Press
ISBN 13 : 0226410870
Total Pages : 650 pages
Book Rating : 4.76/5 ( download)

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Download or read book A New Architecture for the U.S. National Accounts written by Dale W. Jorgenson and published by University of Chicago Press. This book was released on 2007-11-01 with total page 650 pages. Available in PDF, EPUB and Kindle. Book excerpt: A New Architecture for the U.S. National Accounts brings together a distinguished group of contributors to initiate the development of a comprehensive and fully integrated set of United States national accounts. The purpose of the new architecture is not only to integrate the existing systems of accounts, but also to identify gaps and inconsistencies and expand and incorporate systems of nonmarket accounts with the core system. Since the United States economy accounts for almost thirty percent of the world economy, it is not surprising that accounting for this huge and diverse set of economic activities requires a decentralized statistical system. This volume outlines the major assignments among institutions that include the Bureau of Economic Analysis, the Bureau of Labor Statistics, the Department of Labor, the Census Bureau, and the Governors of the Federal Reserve System. An important part of the motivation for the new architecture is to integrate the different components and make them consistent. This volume is the first step toward achieving that goal.

Author : Georges Dionne
Publisher : Springer Science & Business Media
ISBN 13 : 1461401550
Total Pages : 1126 pages
Book Rating : 4.51/5 ( download)

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Download or read book Handbook of Insurance written by Georges Dionne and published by Springer Science & Business Media. This book was released on 2013-12-02 with total page 1126 pages. Available in PDF, EPUB and Kindle. Book excerpt: This new edition of the Handbook of Insurance reviews the last forty years of research developments in insurance and its related fields. A single reference source for professors, researchers, graduate students, regulators, consultants and practitioners, the book starts with the history and foundations of risk and insurance theory, followed by a review of prevention and precaution, asymmetric information, risk management, insurance pricing, new financial innovations, reinsurance, corporate governance, capital allocation, securitization, systemic risk, insurance regulation, the industrial organization of insurance markets and other insurance market applications. It ends with health insurance, longevity risk, long-term care insurance, life insurance financial products and social insurance. This second version of the Handbook contains 15 new chapters. Each of the 37 chapters has been written by leading authorities in risk and insurance research, all contributions have been peer reviewed, and each chapter can be read independently of the others.

Author : Daniel Lederman
Publisher : World Bank Publications
ISBN 13 : 0821384910
Total Pages : 153 pages
Book Rating : 4.16/5 ( download)

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Download or read book Does What You Export Matter? written by Daniel Lederman and published by World Bank Publications. This book was released on 2012-06-18 with total page 153 pages. Available in PDF, EPUB and Kindle. Book excerpt: Does what economies export matter for development? If so, can industrial policies improve on the export basket generated by the market? This book approaches these questions from a variety of conceptual and policy viewpoints. Reviewing the theoretical arguments in favor of industrial policies, the authors first ask whether existing indicators allow policy makers to identify growth-promoting sectors with confidence. To this end, they assess, and ultimately cast doubt upon, the reliability of many popular indicators advocated by proponents of industrial policy. Second, and central to their critique, the authors document extraordinary differences in the performance of countries exporting seemingly identical products, be they natural resources or 'high-tech' goods. Further, they argue that globalization has so fragmented the production process that even talking about exported goods as opposed to tasks may be misleading. Reviewing evidence from history and from around the world, the authors conclude that policy makers should focus less on what is produced, and more on how it is produced. They analyze alternative approaches to picking winners but conclude by favoring 'horizontal-ish' policies--for instance, those that build human capital or foment innovation in existing and future products—that only incidentally favor some sectors over others.

Author :
Publisher :
ISBN 13 :
Total Pages : 150 pages
Book Rating : 4.49/5 ( download)

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Download or read book The U.S. Automobile Industry, 1980 written by and published by . This book was released on 1981 with total page 150 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : United States. Department of Transportation
Publisher :
ISBN 13 :
Total Pages : 140 pages
Book Rating : 4.40/5 ( download)

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Download or read book The U.S. Automobile Industry, 1980 written by United States. Department of Transportation and published by . This book was released on 1981 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author :
Publisher : Lulu.com
ISBN 13 : 9291316695
Total Pages : 294 pages
Book Rating : 4.94/5 ( download)

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Download or read book International Convergence of Capital Measurement and Capital Standards written by and published by Lulu.com. This book was released on 2004 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : United States. Congress. House. Committee on the Judiciary. Subcommittee on Monopolies and Commercial Law
Publisher :
ISBN 13 :
Total Pages : 756 pages
Book Rating : 4.23/5 ( download)

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Download or read book Food Price Investigation written by United States. Congress. House. Committee on the Judiciary. Subcommittee on Monopolies and Commercial Law and published by . This book was released on 1973 with total page 756 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : United States. Congress. House. Committee on the Judiciary
Publisher :
ISBN 13 :
Total Pages : 754 pages
Book Rating : 4.25/5 ( download)

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Download or read book Food Price Investigation written by United States. Congress. House. Committee on the Judiciary and published by . This book was released on 1973 with total page 754 pages. Available in PDF, EPUB and Kindle. Book excerpt: