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3 Result(s) for ' HMI'
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1.
Financial Contagion Crisis Effect of Subprime on G7: Evidence through the Adjusted Correlation Test and Non-linear Error Correction Models (ECM)
Mourad HMI da
International Journal of Econometrics and Financial Management. 2014 2 (5). doi: 10.12691/ijefm-2-5-3
Keywords: sub-primes financial crisis, contagion, correlation, nonlinear error correction models
Context: The objective of this study is to test the presence of the contagion phenomenon during the US subprime crisis. We adopt the test of adjusted correlation coefficients between markets and propose a new procedure which involves testing the non-linearity of the propagation mechanisms shocks, estimated with a model of long-term interdependence. We apply this methodology to the financial markets which measure the risk perception. Our results prove the existence of some cases of the contagion phenomenon between the financial markets of G7 countries.
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2.
Explanatory Factors Determining of ICT Adoption Level in Tunisian Textile Companies
Imen Benabderrahmen, Mohsen Bensalem Brahmi, Mourad HMI da
Journal of Behavioural Economics, Finance, Entrepreneurship, Accounting and Transport. 2016 4 (1). doi: 10.12691/jbe-4-1-1
Keywords: ICT, factors, Tunisian textile companies
Context: The objective assigned by this article is to show that the adoption of ICTs is not only influenced by the traditional factors of the technological distribution but also by the organizational factors and néo--schumpeteriens. From a sample of 110 companies of Tunisian textile sector, we study, in the first place, the level of adoption of ICTs the companies of textile industry while most of the recent studies favored measures of the stock of IT capital or the automation of the tasks. In the second place, our econometric analysis concerns, besides the traditional factors quoted by the epidemic models and the probit, two groups of factors identified recently by the theory of the complementarity and the theory néo-schumpetérienne. Our empirical method handles the biases usually met in the equations of technological adoption as well as in the tests of the organizational complementarity. Our results, further to our questionnaire, show that the distribution of information technologies and communication depends more on organizational factors and néo-schumpetériens than on classic factors.
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3.
Bond Markets and Financial Stability: Evidence from the Asian Experience
Mourad HMI da, Mohsen Bensalem Brahmi
International Journal of Econometrics and Financial Management. 2016 4 (1). doi: 10.12691/ijefm-4-1-3
Keywords: bond markets, financial soundness indicators, financial crisis, Asia
Context: Since the advent of the financial crisis of 1997-98, the development of bond markets in Asia is the center of interest of the governments of the region. This effort reflects the prevalent view recently emphasized the importance of domestic bond markets in the prevention of financial fragility in an open capital flows context. The aim of this article is to investigate about the nature and mechanisms of the links between the development of bond markets and financial stability. The analysis focuses on the experience of nine Asian countries over the period 1997 - 2009. The tests cover specific aspects of the development of a bond market hand, and financial stability indicators of capital adequacy, asset quality and profitability in the other hand. The empirical study reveals a significant role of the domestic bond markets in reducing financial vulnerability of the region.
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