Mostrando recursos 1 - 2 de 2

  1. Indirect Access to Intellectual Property Regimes - Effects on Austrian and German Affiliates

    Loeprick, Jan
    This paper assesses the spillover effect of European Patent Boxes on affiliates of MNEs operating in Austria and Germany. I divide firms in a control and treatment group, the latter having affiliates in countries where preferential regimes for patent and other IP income have been introduced between 2005-2011. My findings suggest that Austrian and German firms, which have gained indirect access to preferential IP regimes via their affiliates, reduce their reported profit levels. I do not observe, however, an effect on the level of intangible assets owned by these firms. (author's abstract)
    (application/pdf) - 18-oct-2016

  2. Dynamic Spillovers between Commodity and Currency Markets

    Antonakakis, Nikolaos; Kizys, Renatas
    In this study, we examine the dynamic link between returns and volatility of commodities and currency markets. Based on weekly data over the period from January 6, 1987 to July 22, 2014, we find the following empirical regularities. First, our results suggest that the information contents of gold, silver, platinum, and the CHF/USD and GBP/USD exchange rates can help improve forecast accuracy of returns and volatilities of palladium, crude oil and the EUR/CHF and GBP/USD exchange rates. Second, gold (CHF/USD) is the dominant commodity (currency) transmitter of return and volatility spillovers to the remaining assets in our model. Third, the...
    (application/pdf) - 18-oct-2016

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