This study investigates the impact macroeconomic factors have on corporate capital structure in Sweden. We use a panel data analysis of unbalanced data for the sample period, 2005-2014. While previous research has shown that key factors internal to the firm are highly correlated with leverage, such as profitability, asset tangibility and firm size,...
[[abstract]]行為財務學興起，推翻了效率市場與理性決策之假說，其結合心理學與傳統財務學理論，認為投資人會受情緒影響而做出非理性決策。本研究以市場交易資料作為投資人情緒之代理變數，並加入總體經濟因子探討與股票報酬間的互動關係。研究結果發現，無論是非理性面之投資人情緒指標或是理性面之總體經濟因子皆可解釋股票報酬。而同時結合兩者，則解釋股票報酬的程度更大，代表股票市場是由非理性與理性投資人所共同組成。由Granger因果關係分析可發現，股票報酬、市場情緒指標與總體經濟因子互有領先與落後關係。這代表投資人在進行投資決策前若能夠考量情緒與總體經濟因子，則能夠較有效地預測市場報酬，進而降低投資風險。 / [[abstract]]The develop of behavioral finance...
We study the economic sources of stock-bond return comovement and its time variation using a dynamic factor model. We identify the economic factors employing structural and non-structural vector autoregressive models for economic state variables such as interest rates, (expected) inflation, output growth and dividend payouts. We also view risk aver...
Published in Sexually transmitted diseases
A major opportunity to make condoms available in nonhealth outlets in rural areas and urban townships is being missed in South Africa. Above all, the high level of condom awareness is not being matched by easy availability.
Published in Gender and development
In 1992, the author led a participatory rural appraisal (PRA) exercise for a community fisheries project in Kagera region, on the western side of Lake Victoria, Tanzania. The PRA team visited four settlements: the prime harbor settlement on Kerebe Island; N'toro beach, in Bukoba district, near the Ugandan border; Chamkwikwi landing site in Muleba d...
Published in Links : a newsletter on gender for Oxfam GB staff and partners
Informal ways of working are widespread and central to the economy and markets. This paper explores what informal economy is and how it could be more valuable for men and women. The informal economy is a mix of the following activities: 1) subsistence work which includes agriculture, marginal economic projects, and unpaid work in the home; 2) infor...
Published in AIDS weekly
This article focuses on the formation of a Corporate Task Force on AIDS in Africa and will attempt to examine the role of American corporations in preventing the spread of HIV infection. The HIV/AIDS epidemic in Africa threatens to destroy any significant economic gain and would continually affect any American corporation doing business in Africa. ...
Published in International journal of epidemiology
Accurate and timely estimates of mortality levels in developing countries are costly and require considerable methodological expertise. A rapid estimation technique like the one developed here may be a useful tool for quick and efficient estimation of mortality rates among under 5 year olds in countries where good mortality data are not routinely a...
Published in Development bulletin (Australian Development Studies Network)
This paper discusses the role of President Robert Mugabe on the economic crisis in Zimbabwe. It is noted that President Mugabe adopted the Economic Structural Adjustment Programme in 1990. The introduction of this program had more to do with the demands of major exporters, such as White farmers and multinational companies, and the demise of sociali...
Published in Development bulletin (Australian Development Studies Network)
This field report discusses the nature and the strength of collaborations in the provision of family health education, family planning and the prevention and control of the spread of the HIV/AIDS pandemic in Swaziland. Based on interviews and surveys conducted with the family health organizations in the country, the report focuses on collaborations...
