/library/oar/handle/123456789/28491 Mon, 10 Nov 2025 22:01:04 GMT 2025-11-10T22:01:04Z /library/oar/handle/123456789/31025 Title: Strategy of monetary policy : observations from Germany and Italy Authors: Saiti, Anna Abstract: This paper uses a cointegration analysis and a Vector Error Correction (VEC) model to investigate the relationship between interest rates and a set of macroeconomic variables in Italy and Germany, over the period 1989-1999. It has been found that both countries have placed importance on price stability. The discount rate has had a significant impact on prices and output for both countries. Exchange rate was important only for Italy in the discount rate VEC specification. The results further indicate that Italian monetary policy is almost the same as the German one. Wed, 01 Jan 2003 00:00:00 GMT /library/oar/handle/123456789/31025 2003-01-01T00:00:00Z /library/oar/handle/123456789/31023 Title: DU PONT ratio : a comprehensive measure of business performance Authors: Courtis, Panayiotis G. Abstract: In this paper we present and compare various financial measures of business performance which are becoming progressively more comprehensive culminated with the HOB model which is the expanded form of DU PONT ratio. We allege that DU PONT - ROE model can be used as a measure of strategy success. We also consider it is a superior indicator in the long run. It mergers all necessary and meaningful information of financial statements reflecting supply and demand factors which are largely determined by industry and firm specific factors. Further decomposition of ROE according to HOB model make more clear the internal and external environment assessment and explains more fully the value creation process contributing considerably to strategic management process. Wed, 01 Jan 2003 00:00:00 GMT /library/oar/handle/123456789/31023 2003-01-01T00:00:00Z /library/oar/handle/123456789/31022 Title: Does public investment crowd out private investment? Evidence on investment and growth in Asia, 1971-2000 Authors: Naqvi, Naveed Hassan; Tsoukis, Christopher Abstract: The paper looks at the growth and investment performance of six Asian countries - Bangladesh, India, Indonesia, Malaysia, Pakistan and Thailand. Having discussed the time series properties of the public and private investment series and the GDP growth rate, the paper goes on to use the concept of Granger-block causality in a three-variable VAR in the presence of possible unit roots. The analysis is based on the lag-augmented VAR concept developed by Toda and Yamamoto (1995). We find that no single relationship holds in all countries and that the relationship between public and private investment varies from country to country. Wed, 01 Jan 2003 00:00:00 GMT /library/oar/handle/123456789/31022 2003-01-01T00:00:00Z /library/oar/handle/123456789/31021 Title: Market trend, company size and microstructure characteristics of intraday stock price formations Authors: Alexakis, Christos A.; Xanthakis, Emmanouil Abstract: The purpose of this study is to investigate whether there are certain price patterns during the trading session in the Athens Stock Exchange (ASE). We investigate statistically the series of stock returns, the volatility of stock returns and trading volume. In our analysis we use data from two different time periods; a period of rising prices (“bull” market) and a period of declining stock prices (“bear” market). We also use different categories of shares i.e. blue chips, medium capitalization stocks and small capitalization stocks. Our results indicate that there exist specific intraday patterns. The explanation of the revealed patterns can be based on investor sentiment and stock market microstructure characteristics. Wed, 01 Jan 2003 00:00:00 GMT /library/oar/handle/123456789/31021 2003-01-01T00:00:00Z