Effects Of Economic Events Research Articles

Estimation of direct net effects of events

We provide three estimation strategies for the estimation of direct net effects of events and the respective substitution effects based on a quantitative model. We apply the strategies to estimate the effect of fairs on overnight stays in Basel. We show that deseasonalizing by year day fixed effects is superior to month and week fixed effects and semi-parametric deseasonalizing. We find that fairs increase the overnight stays in nights during fairs by 17% and by 8% and 4% in the preceding nights. The net effect of fairs on overnight events is only one fourth of the gross effect. These results demonstrate that the distinction between net and gross effects is crucial also for the estimation of direct effects of events. The study therefore contributes to the literature on the estimation of economic effects of events which recently has focused on this distinction for indirect effects. It also contributes to the theoretical an empirical literature of event tourism in cities.

The Importance of Financial Reporting and Affecting Factors on It

Financial reporting purposes stem from information needs and demands of outside the organization users. The main goal is economic effects of events and financial operations on the status and performance of the business unit for help to foreign entities and financial decision making in connection with the business unit. This research deals to investigate the relationship between the quality of financial reporting and investment efficiency. Expected higher quality of financial reporting improve investment performance by reducing information asymmetries between business unit and external suppliers. Quality of financial reporting can improve investment efficiency from two ways : First, through reducing information asymmetries between company and investors, thus reduce financial costs. Second, through reducing information asymmetries between investors and managers, thus reduce monitoring costs and improving project selection.

Characterizing Accounting Research

In response to concerns over the viability of the academic discipline of accounting we investigate trends in accounting research by examining papers published in six top accounting journals from 1960 to 2007. We use citations made by accounting papers as a proxy for their antecedent ideas and examine trends in citations, topics, and methodologies, in aggregate and by journal. Our results suggest that the growing body of accounting research draws increasingly from both finance and economics. Financial accounting topics and archival methodologies are becoming more dominant over time relative to other topics and methodologies, although these trends vary by journal. Although most concerns we discuss are recent, we find that the situation today is the result of trends set in motion decades ago with an explicit decision by influential researchers to move the discipline from a normative perspective to a positive perspective. Given its current state accounting research may be broadly characterized as research into the effect of economic events on the process of summarizing, analyzing, verifying, and reporting standardized financial information, and on the effects of reported information on economic events.

Characterizing Accounting Research

SYNOPSIS: In response to concerns over the viability of the academic discipline of accounting, we investigate trends in accounting research by examining papers published in six top accounting journals from 1960 to 2007. We use citations made by accounting papers as a proxy for their antecedent ideas and examine trends in citations, topics, and methodologies, in aggregate and by journal. Our results suggest that the growing body of accounting research draws increasingly from both finance and economics. Financial accounting topics and archival methodologies are becoming more dominant over time relative to other topics and methodologies, although these trends vary by journal. Though most concerns we discuss are recent, we find that the situation today is the result of trends set in motion decades ago with an explicit decision by influential researchers to move the discipline from a normative perspective to a positive perspective. Given its current state, accounting research may be broadly characterized as research into the effect of economic events on the process of summarizing, analyzing, verifying, and reporting standardized financial information, and on the effects of reported information on economic events.

Stock Market Event Studies and Competition Commission Inquiries

Event study analysis is a branch of econometrics which attempts to measure the effects of economic events on the value of firms by examining stock market data. Providing that share prices reflect the underlying economic values of assets, changes in equity values will properly capture expected changes in the economic profitability of the firm. This paper considers the effect on stock prices of announcements relevant to Competition Commission references, using established event study methodology.

The new century: Lessons learned from Singapore's shopping sector during the 1990's

Singapore's main shopping corridor, Orchard Road, is being challenged as the international shopping paradise for residents and visitors. It no longer reigns supreme as the mecca for international shopping. The loss of prestige and dominance can be attributed to recent shifts in the Singaporean and regional marketplace such as: economic recession, tourism industry slump, societal concerns, technological trends and innovations, shopping sector development in the region, and political uncertainty, etc. Within Singapore, the restructuring of the retail shopping sector from one dominated by the Orchard Road Corridor to one including several satellite shopping centers in the “New Cities” creates additional severe competition for retail customers. This paper examines the spatial relationships and structure of Singapore's shopping centers and their impact on the Orchard Road corridor. The article highlights selected theories, models, and techniques developed for planning shopping center locations and determining store site selection in an attempt to discover applications for the Singapore shopping scene. The paper also examines environmental conditions that create challenges for the retail shopping industry during the new millenneum: for example, the effects of economic events, government policy changes, visitor pattern shifts, and the changing shopping habits of Singaporeans. While the focus is primarily on problems and opportunities for Singapore's retailers in the main shopping corridor, the implications for the additional surburban centers emerging along mass transit routes in major housing developments are discussed briefly. Finally, plans to counteract the current sluggish market conditions and reposition and revitalizing the centers along Orchard Road to enhance competitiveness for the new millennium, are discussed.

The effect of economic events on votes for president: 1992 update

This article updates through the 1992 election the equation originally presented in Fair (1978) explaining votes for president. Conditional predictions of the 1996 election are also made.

The effect of economic events on votes for president: 1984 update

In previous work I have developed an equation explaining votes for president in the United States that seems to have remarkable explanatory power. In this paper the equation is updated through the 1984 election and then used to predict the 1988 election.

The Effect of Economic Events on Votes for President: 1980 Results

The Effect of Economic Events on Votes for President: 1980 Results

The Effect of Economic Events on Votes for President

N important question in political economy A.’ ts how, if at all, economic events affect voting behavior. Although there is by now a fairly large literature devoted to this question,’ there is no widely agreed upon answer. Kramer (1971), for example, concluded from his analysis of U.S. voting behavior that economic fluctuations have an important influence on congressional elections, whereas Stigler (1973) concluded that they do not. This debate‘has been continued by Arcelus and Meltzer (1975a, b), Bloom and Price (1975), and Goodman and Kramer (1975)? Many of the disagreements in this area are over statistical procedures and the interpretation of empirical results, but it is also clear that there is no single theory of voting behavior to which everyone subscribes. Unfortunately, the distinction between theoretical and empirical disagreements in this literature is often not very sharp, and there has been no systematic testing of one theory against another. This paper has two main purposes. The first is to present a model of voting behavior that is general enough to incorporate what appear to be most of the theories of voting behavior in the recent literature and that allows one to test