Faculté des Sciences, des Technologies et de Médecine
Faculté de Droit, d’Économie et de Finance
Faculté des Sciences Humaines, des Sciences de l’Éducation et des Sciences Sociales
Interdisciplinary Centre for Security, Reliability and Trust
Luxembourg Centre for Systems Biomedicine
Luxembourg Centre for Contemporary and Digital History
Luxembourg Centre for European Law
Luxembourg Centre for Socio-Environmental SystemsOrganisation : Faculté de Droit, d’Économie et de Finance (FDEF)
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Events
Pay for Future Returns
En savoir plusIs managerial compensation sensitive to future performance or only to realized returns? We show that salary raises of U.S. American CEOs predict positive stock returns in the year after. The wealth e ffect of an average raise is $1.6 million, implying a wealth increase of $0.28 million per 1% stock price increase in the next…
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Events
Gravity, Counterparties, and Foreign Investment
En savoir plusInternational trade and investment flows obey gravityrelationships, posing a continuing puzzle. New data oncross-border commercial real-estate investment flows showthat they obey gravity, but this relationship is renderedinsignificant by controlling for the presence ofcounterparties from origin countries in destinationcountries. We attribute this to a strong, robust tendency forpreferential matching with same-country counterparties.We set up an equilibrium…
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Events
Showcasing Women in Finance – EU / 22.11.2019
En savoir plusPlease register under SWF.EU2019@uni.lu
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Events
Mesures restrictives adoptées dans le cadre de la PESC: certains aspects de la jurisprudence du Tribunal de l’Union Européenne
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Events
Market Efficiency in Real Time: Evidence from Low Latency Activity around Earnings Announcements
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Events
Lunchseminar in Economics: Government-funded research increasingly fuels invention
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Events
The Decline of Too Big to Fail
En savoir plusFor globally systemically important banks (G-SIBs) withU.S. headquarters, we find large post-Lehman reductionsin market-implied probabilities of government bailout, alongwith big increases in debt financing costs for these banksafter controlling for insolvency risk. The data are consistentwith significant effectiveness for the official sector’s post-Lehman G-SIB failure-resolution intentions, laws, and rules.G-SIB creditors now appear to expect to…
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Events
Lunchseminar in Economics: Individual counterfactuals with multidimensional unobserved heterogeneity
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