Empirical Economics最新文献_第10页

On the time-varying effects of the ECB’s asset purchases 关于欧洲央行资产购买的时变效应

IF 3.2 4区经济学

Empirical Economics Pub Date : 2023-11-28 DOI: 10.1007/s00181-023-02529-0

Andrejs Zlobins

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引用次数: 1

The effect of SMS nudges on higher education performance 短信推送对高等教育绩效的影响

IF 3.2 4区经济学

Empirical Economics Pub Date : 2023-11-23 DOI: 10.1007/s00181-023-02516-5

Alicia Brandt, Hamid R. Oskorouchi, Alfonso Sousa-Poza

引用次数: 0

Single-firm inference in event studies via the permutation test 通过排列检验的事件研究中的单公司推论

IF 3.2 4区经济学

Empirical Economics Pub Date : 2023-11-23 DOI: 10.1007/s00181-023-02530-7

Phuong Anh Nguyen, Michael Wolf

引用次数: 0

The effects of the investment decisions of telecommunications firms on their financial performance during the COVID-19 pandemic COVID-19大流行期间电信公司投资决策对其财务绩效的影响

IF 3.2 4区经济学

Empirical Economics Pub Date : 2023-11-23 DOI: 10.1007/s00181-023-02525-4

İlhan Çam, Nisa Özge Önal Tuğrul, Kevser Şimşek, Kamil Karaçuha, Ertuğrul Karaçuha, Gökhan Özer

{"title":"The effects of the investment decisions of telecommunications firms on their financial performance during the COVID-19 pandemic","authors":"İlhan Çam, Nisa Özge Önal Tuğrul, Kevser Şimşek, Kamil Karaçuha, Ertuğrul Karaçuha, Gökhan Özer","doi":"10.1007/s00181-023-02525-4","DOIUrl":"https://doi.org/10.1007/s00181-023-02525-4","url":null,"abstract":"<p>In this paper we examine how the financial performance of telecommunications firms is affected by the COVID-19 pandemic, and investigate the role of capital expenditures in this relationship. The full sample consists of 383 unique telecommunications firms from 72 countries. Empirical models are estimated using ordinary least squares regression with the Driscoll–Kraay standard errors method. We find that the financial performance of telecommunications firms, on average, decreased slightly during the pandemic period. However, firms with higher capital expenditures have increased their financial performance in the pandemic era. We attribute this evidence to fewer agency problems and managerial myopia, since managers investing to meet demand surge in uncertainty may prioritize the long-term sustainability of their firms. We further find that telecommunications firms that have been most adversely affected by the repercussions of COVID-19 are those with lower capital expenditures operating in countries with less economic development and weaker institutional environments. Our main findings are robust to potential endogeneity issues, reverse causality, and alternative dependent variables. The findings have implications for company managers, investors, regulatory bodies, and policymakers.</p>","PeriodicalId":11642,"journal":{"name":"Empirical Economics","volume":"2 2","pages":""},"PeriodicalIF":3.2,"publicationDate":"2023-11-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138495635","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Revisiting the effect of bank deregulation on income inequality 重新审视银行放松管制对收入不平等的影响

IF 3.2 4区经济学

Empirical Economics Pub Date : 2023-11-22 DOI: 10.1007/s00181-023-02527-2

William B. Hankins, Anna-Leigh Stone, Gary Hoover

引用次数: 0

Macroprudential policy and financial system stability: an aggregate study 宏观审慎政策与金融体系稳定:一个综合研究

IF 3.2 4区经济学

Empirical Economics Pub Date : 2023-11-20 DOI: 10.1007/s00181-023-02524-5

Hamdi Jbir, Cornel Oros, Alexandra Popescu

引用次数: 0

Inequality, growth fluctuations, and employment 不平等、增长波动和就业