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TI - Nonstandard Errors JF - JOURNAL OF FINANCE J2 - J FINANC PY - 2024 SN - 0022-1082 DO - 10.1111/jofi.13337 UR - https://m2.mtmt.hu/api/publication/34804007 ID - 34804007 N1 - Export Date: 22 April 2024 Correspondence Address: Menkveld, A.J.email: albertjmenkveld@gmail.com LA - English DB - MTMT ER - TY - JOUR AU - Petróczy, Dóra Gréta TI - Paradoxonok és sportversenyek. Csató László: Paradoxonok a sportversenyek szabályaiban (Typotex, Budapest, 2023) TS - Csató László: Paradoxonok a sportversenyek szabályaiban (Typotex, Budapest, 2023) JF - ÉRINTŐ : ELEKTRONIKUS MATEMATIKAI LAPOK J2 - ÉRINTŐ PY - 2024 IS - 31 SP - 1 SN - 2559-9275 UR - https://m2.mtmt.hu/api/publication/34751704 ID - 34751704 LA - Hungarian DB - MTMT ER - TY - JOUR AU - Hosseini, Mohammad AU - Holcombe, Alex O. AU - Kovács, Márton AU - Zwart, Hub AU - Katz, Daniel S. AU - Holmes, Kristi TI - Group authorship, an excellent opportunity laced with ethical, legal and technical challenges JF - ACCOUNTABILITY IN RESEARCH-POLICIES AND QUALITY ASSURANCE J2 - ACCOUNT RES VL - 31 PY - 2024 SP - 1 EP - 23 PG - 23 SN - 0898-9621 DO - 10.1080/08989621.2024.2322557 UR - https://m2.mtmt.hu/api/publication/34743507 ID - 34743507 LA - English DB - MTMT ER - TY - JOUR AU - Chen, Chaoyi AU - Stengos, Thanasis AU - Zhang, Jianhan TI - Public debt and economic growth. a panel kink regression latent group structures approach TS - a panel kink regression latent group structures approach JF - ECONOMETRICS J2 - ECONOMETRICS VL - 12 PY - 2024 IS - 7 PG - 19 SN - 2225-1146 DO - 10.3390/econometrics12010007 UR - https://m2.mtmt.hu/api/publication/34722113 ID - 34722113 AB - This paper investigates the relationship between public debt and economic growth in the context of a panel kink regression with latent group structures. The proposed model allows us to explore the heterogeneous threshold effects of public debt on economic growth based on unknown group patterns. We propose a least squares estimator and demonstrate the consistency of estimating group structures. The finite sample performance of the proposed estimator is evaluated by simulations. Our findings reveal that the nonlinear relationship between public debt and economic growth is characterized by a heterogeneous threshold level, which varies among different groups, and highlight that the mixed results found in previous studies may stem from the assumption of a homogeneous threshold effect. LA - English DB - MTMT ER - TY - JOUR AU - Chen, Chaoyi AU - Stengos, Thanasis TI - Threshold nonlinearities and the democracy-growth nexus JF - ECONOMETRICS JOURNAL J2 - ECONOMET J PY - 2024 SN - 1368-4221 DO - 10.1093/ectj/utae006 UR - https://m2.mtmt.hu/api/publication/34691810 ID - 34691810 AB - This paper investigates the relationship between democracy and economic growth in the context of a linear index threshold regression model. We first introduce the baseline model with endogeneity and propose a two-step smoothed GMM estimation method. We establish the consistency and derive the asymptotic distributions of the proposed estimators. We then extend the approach to a dynamic panel context and employ the model to explore the impact of democratization on economic growth. Our findings reveal that democratization’s impact on growth is nonlinear and depends on the country’s current institutional quality level. Furthermore, democracy’s impact on economic growth is more pronounced in countries with higher education levels than others, suggesting that education also plays a crucial role in enhancing the positive effects of democracy. Our proposed estimator can be used in other situations that require the use of more than one threshold variable. In these cases, our hybrid estimator has less stringent data requirements than an alternative model where the thresholds would enter separately, especially when the threshold variables are correlated. LA - English DB - MTMT ER - TY - JOUR AU - Csató, László AU - Petróczy, Dóra Gréta TI - Bibliometric indices as a measure of performance and competitive balance in the knockout stage of the UEFA Champions League JF - CENTRAL EUROPEAN JOURNAL OF OPERATIONS RESEARCH J2 - CEJOR PY - 2024 SN - 1435-246X DO - 10.1007/s10100-023-00896-8 UR - https://m2.mtmt.hu/api/publication/34484769 ID - 34484769 N1 - Laboratory on Engineering and Management Intelligence, Research Group of Operations Research and Decision Systems, HUN-REN Institute for Computer Science and Control (HUN-REN SZTAKI), Kende street 13–17, Budapest, 1111, Hungary Institute of Operations and Decision Sciences, Department of Operations Research and Actuarial Sciences, Corvinus University of Budapest, Fővám square 8, Budapest, 1093, Hungary Institute of Economic, Centre for Economic and Regional Studies (KRTK), Eötvös Loránd Research Network (ELKH), Tóth Kálman street 4, Budapest, 1097, Hungary MNB Institute, John von Neumann University, Infopark promenade 1. I. building, Budapest, 1117, Hungary Export Date: 5 February 2024 Correspondence Address: Csató, L.; Institute of Operations and Decision Sciences, Fővám square 8, Hungary; email: laszlo.csato@sztaki.hu AB - We argue for the application of bibliometric indices to quantify the long-term uncertainty of outcome in sports. The Euclidean index is proposed to reward quality over quantity, while the rectangle index can be an appropriate measure of core performance. Their differences are highlighted through an axiomatic analysis and several examples. Our approach also requires a weighting scheme to compare different achievements. The methodology is illustrated by studying the knockout stage of the UEFA Champions League in the 20 seasons played between 2003 and 2023: club and country performances as well as three types of competitive balance are considered. Measuring competition at the level of national associations is a novelty. All results are remarkably robust concerning the bibliometric index and the assigned weights. Since the performances of national associations are more stable than the results of individual clubs, it would be better to build the seeding in the UEFA Champions League group stage upon association coefficients adjusted for league finishing positions rather than club coefficients. LA - English DB - MTMT ER - TY - JOUR AU - Bakó, Barna AU - Neszveda, Gábor TI - An aspirational perspective on the negative risk-return relationship JF - FINANCE RESEARCH LETTERS J2 - FINANC RES LETT VL - 61 PY - 2024 PG - 7 SN - 1544-6123 DO - 10.1016/j.frl.2024.104977 UR - https://m2.mtmt.hu/api/publication/34482559 ID - 34482559 LA - English DB - MTMT ER - TY - JOUR AU - Chen, Chaoyi AU - Pinar, Mehmet AU - Stengos, Thanasis TI - Bribery, regulation and firm performance: evidence from a threshold model JF - EMPIRICAL ECONOMICS J2 - EMPIR ECON VL - 66 PY - 2024 IS - 1 SP - 405 EP - 430 PG - 26 SN - 0377-7332 DO - 10.1007/s00181-023-02456-0 UR - https://m2.mtmt.hu/api/publication/34035490 ID - 34035490 AB - Firm-level bribery and regulation are two of the many determinants of firm performance. However, most of the existing studies examine the direct and linear effects of bribery and regulation and overlook their indirect effects. Using firm-level data, covering 20,343 firms in 78 developing countries, and employing a threshold model, the effects of firm performance’s standard determinants vary based on the bribery and regulation levels. Our findings reveal that the impact of bribery and regulation on firm performance varies significantly depending on corruption and regulation levels. Access to external finance improves firm performance if and only if the firms are exposed to bribes and firm-level regulation is below a given threshold. Furthermore, exports boost the performance of the firms that are exposed to more bribery and spend more time with regulation than those that face lower levels of regulation and bribery. While bribery harms firm performance, our findings reveal that spending time with regulation could improve firm performance if firms are exposed to low levels of bribery. Our findings confirm the ‘sand the wheels’ hypothesis and limiting firm-level bribery improves firm performance. LA - English DB - MTMT ER - TY - CHAP AU - Baranyai, Eszter AU - Bánkuty-Balogh, Lilla ED - Baksay, Gergely ED - Matolcsy, György ED - Virág, Barnabás TI - A GDP-n kívüli tényezők hatása a jóllétre T2 - Fenntartható GDP PB - Magyar Nemzeti Bank (MNB) CY - Budapest SN - 9786155318634 PY - 2023 SP - 57 EP - 73 PG - 17 UR - https://m2.mtmt.hu/api/publication/34532883 ID - 34532883 N1 - Eredeti angol nyelvi változat: 34532819 LA - Hungarian DB - MTMT ER - TY - CHAP AU - Baranyai, Eszter AU - Lilla, Bánkuty-Balogh ED - Gergely, Baksay ED - György, Matolcsy ED - Barnabás, Virág TI - The Impact of factors on well-being. beyond GDP TS - beyond GDP T2 - Sustainable GDP PB - Magyar Nemzeti Bank (MNB) CY - Budapest SN - 9786155318641 PY - 2023 SP - 57 EP - 73 PG - 17 UR - https://m2.mtmt.hu/api/publication/34532819 ID - 34532819 LA - English DB - MTMT ER -