scholarly journals Granger causal relationship between bond yield changes and equity returns through wavelets analysis: the case of Turkey

2020 ◽  
Author(s):  
Remzi GÖK ◽  
Erhan ÇANKAL
Keyword(s):  
Causal Relationship ◽  
Equity Returns ◽  
Bond Yield ◽  
Wavelets Analysis

Bond Yield Changes and the Cross-Section of Global Equity Returns

2020 ◽  
Author(s):  
Adam Zaremba ◽  
Nusret Cakici ◽  
Robert J. Bianchi ◽  
Huaigang Long
Keyword(s):  
Cross Section ◽  
Equity Returns ◽  
Bond Yield ◽  
The Cross

scholarly journals Environmental responsibility and financial performance nexus in South Africa: panel Granger causality analysis

2017 ◽  
Vol 8 (3) ◽  
pp. 29-34 ◽  
Author(s):  
Thomas Adomah Worae ◽  
Collins C. Ngwakwe
Keyword(s):  
Financial Performance ◽  
Causal Relationship ◽  
Granger Causality ◽  
Market Value ◽  
Equity Returns ◽  
Environmental Responsibility ◽  
Causality Analysis ◽  
Cross Sectional ◽  
Granger Causality Analysis ◽  
Emissions Intensity

The authors examined environmental responsibility and financial performance nexus of Johannesburg Stock Exchange’s socially responsible investing manufacturing and mining firms during the period of 2008-2014. The study employs annual panel dataset of fourteen manufacturing and mining companies on the index, and Granger causality analysis using Gcause2 Baum’s version. The paper found unidirectional causal relationship between environmental responsibility, measured by emissions intensity and equity returns, and bidirectional causal relationship between emissions intensity and market value of equity deflated by sales at 1% significant levels. Impliedly, improvements in ‘energy efficient technologies’ to reduce fossil energy consumption (prevention activities) seem to exhibit value destroying tendencies, while improvements in ‘end-of-pipe’ activities seem to estimate a drive market value of equity deflated by sales and equity returns. The Pesaran CD and Breusch-Pagan LM tests confirmed existence of cross-sectional dependence amongst panel members. The authors tend to support institutional and stakeholder theories.

Bacteriophages Associated with Turkey Coecums in Bluecomb-Infected and Healthy Birds

1969 ◽  
Vol 27 ◽  
pp. 226-227
Author(s):  
A. E. Ritchie
Keyword(s):  
Host Cell ◽  
Causal Relationship ◽  
Cell Cultures ◽  
Cell Interaction ◽  
Etiologic Agent ◽  
Viral Origin ◽  
Intestinal Contents ◽  
Host Cell Interaction

The cause of bluecomb disease in turkeys is unknown. Filtration of infective intestinal contents suggests a viral origin. To date, it has not been possible to isolate the etiologic agent in various cell cultures. The purpose of this work was to characterize as many virus-like entities as were recognizable in intestines of both healthy and bluecomb-infected turkeys. By a comparison of the viral populations it was hoped that some insight might be gained into the cause of this disease. Studies of turkey hemorraghic enteritis by Gross and Moore (Avian Dis. 11: 296-307, 1967) have suggested that a bacteriophage-host cell interaction may bear some causal relationship to that disease.

Causal relationship between religiosity and value priorities: Cross-sectional and longitudinal investigations.

2020 ◽  
Vol 12 (1) ◽  
pp. 77-87
Author(s):  
Stephanie W. Y. Chan ◽  
Wilfred W. F. Lau ◽  
C. Harry Hui ◽  
Esther Y. Y. Lau ◽  
Shu-fai Cheung
Keyword(s):  
Causal Relationship ◽  
Cross Sectional ◽  
Value Priorities

Antibodies against Mycoplasma pneumoniae in three patients with meningoencephalitis-causal relationship or epiphenomenon?

2013 ◽  
Vol 44 (02) ◽  
Author(s):  
M Tappauf ◽  
S Prager-Puntigam ◽  
M Müller ◽  
M Brunner-Krainz ◽  
U Gruber-Sedlmayr ◽  
...  
Keyword(s):  
Causal Relationship ◽  
Mycoplasma Pneumoniae

Ease of Doing Business and Its Impact on Inward FDI

2018 ◽  
Vol 1 (1) ◽  
pp. 52 ◽  
Author(s):  
Mohamed Tareq Hossain ◽  
Zubair Hassan ◽  
Sumaiya Shafiq ◽  
Abdul Basit
Keyword(s):  
Regression Model ◽  
Causal Relationship ◽  
World Bank ◽  
Least Square ◽  
Doing Business ◽  
Least Square Regression ◽  
Foreign Countries ◽  
Ease Of Doing Business ◽  
The Impact ◽  
Starting A Business

This study investigates the impact of Ease of Doing Business on Inward FDI over the period from 2011 to 2015 across the globe. This study measures ease of doing business using starting a business, getting credit, registering property, paying taxes and enforcing contracts. The research used a sample of 177 countries from 190 countries listed in World Bank. Least square regression model via E-views software used to examine causal relationship. The study found that ease of doing business indicators ‘Enforcing Contracts’ was found to have a positive significant impact on Inward FDI. Nevertheless, ‘Getting Credit’ and ‘Registering Property’ were found to have a negative significant impact on Inward FDI. However, ‘Starting a Business’ and ‘Paying Taxes’ have no significant impact on Inward FDI in the studied timeframe of this research. The findings of the study suggested the ease of doing business enables inward FDI through better contract enforcements, getting credit and registering property. The findings of the research will assist international managers and companies to know the importance of ease of doing business when investing in foreign countries through FDI.

Analysis of tax-spend nexus for Russian regional budgets

2020 ◽  
pp. 5-29
Author(s):  
Evsey T. Gurvich ◽  
Natalia A. Krasnopeeva
Keyword(s):  
Economic Growth ◽  
Fiscal Policy ◽  
Causal Relationship ◽  
National Economy ◽  
Federal Budget ◽  
Fiscal Rules ◽  
Fiscal Discipline ◽  
Federal Level ◽  
Regional Budgets ◽  
Econometric Technique

We study the tax-spend nexus for Russian regional budgets. Causal relationship running from taxing to spending is found, thus supporting the concept “tax and spend” suggested by M. Friedman. Next, elasticity of expenditure by revenue is estimated for a panel of 80 regional budgets basing on data for 2000—2017. Estimates are in the range of 0.72 to 0.78 (depending on the econometric technique), which exceeds elasticity for the federal budget more than twice. This evidences that fiscal policy at the sub-federal (as distinct from the federal) level has clear pro-cyclical nature. Besides, the largest sensitivity of expenditure to revenue shocks is found for the item “national economy”, implying marked adverse implications for economic growth. We suggest to mitigate this effect by modifying fiscal rules for sub-federal budgets. They are currently aimed primarily at enhancing fiscal discipline, with less emphasis on countercyclical policy, insulating economy from fiscal shocks.

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