Ever since the seminal papers of Fama (1965, 1970), the analysis of the efficient market hypothesis has been a key topic in both theoretical and empirical capital market analysis. The efficient market hypothesis…
Research in real estate finance and economics has been dealing with the topic of efficiency in the housing market for over 25 years, mainly for the U.S., Canada, and the U.K. Most recent research on this topic…
Declining labour shares in a large number of countries, particularly in continental Europe, have renewed the academic and political debate about the factors which explain these downward trends. While the share…
The run-up to the Economic and Monetary Union (EMU) of the EU has been dominated by tension between a big aspiration and a big concern. The aspiration was that a common currency would reinvigorate the single…
We examine in this paper whether owner controlled banks or manager controlled banks suffered larger losses during the financial crisis. We show that banks operating in countries with better shareholder rights…
