Browsing Vol. 04, Issue 01 by Title
Now showing items 4-7 of 7
-
Management in Emerging versus Developed Countries: A Comparative Study from an Indian Perspective
(Pontificia Universidad Católica del Perú. CENTRUMPE, 2011)With the opening up of the Indian economy, many Indian multinational companies have started operating abroad in more developed countries. This raises questions about which culture they follow in subsidiaries in developed ... -
A Model to Improve the Estimation of Baseline Retail Sales
(Pontificia Universidad Católica del Perú. CENTRUMPE, 2011)This paper develops more accurate and robust baseline sales estimates (sales in the absence of price promotion) using a dynamic linear model (DLM) enhanced with a multiple structural change model (MSCM). We first discuss ... -
Periodic Integration and Cointegration of U.S. Stock Prices, Dividends, and Interest Rates: A New Test of the Present Value Model
(Pontificia Universidad Católica del Perú. CENTRUMPE, 2011)This paper presents a new test of the present value model of stock price determination, using some of the recent advances in the econometrics of seasonal time series. Unlike earlier studies which generally find stock prices, ... -
U.S. News Spillover Effects: Sectoral Evidence
(Pontificia Universidad Católica del Perú. CENTRUMPE, 2011)This paper is a study of the spillover effects of U.S. macroeconomic news on different sectors of the Australian stock market. We find that an indication of economic contraction from the United States raises the conditional ...