East Europe: valuable information

Strategically Valuable Information

Abstract: In this paper, we extend the Blackwell (1953) comparison of experiments to a strategic setting. We introduce a new partial order more strategically informative — information held by players is “better” — and prove it is equivalent to the partial order more strategically valuable — the ability to induce more equilibrium payoff vectors in all Bayesian games. The conditions we provide ar...

Are Credit Ratings Valuable Information?

Credit ratings are commonly used by lenders to assess the default risk, because every credit is connected with a possible loss. If the probability of a default is above a certain threshold, a credit will not be provided. The purpose of this paper is to test whether credit ratings contribute valuable information on the creditworthiness of firms. Employing a large sample of Western German manufac...

Welfare Regimes in East Asia and Europe

Making Information Systems Research More Valuable

This essay explores research characteristics beyond those of rigor or relevance to propose a framework that will make information systems (IS) research more valuable to its stakeholders. The value of IS research ought to be measured by its originality, how well it addresses the needs of its sociological and discursive environment, the extent the research makes evident what is hidden, and how cl...

Assessing financial integration: a comparison between Europe and East Asia

Two parallel analyses are carried out in order to assess the degree of integration of financial markets within Europe, within East Asia, between these two regions, and with the external financial community. The investigation is based on cointegration and Granger causality techniques, to detect the presence of short-run and long-run cross-country relationships in equity and bond markets. The emp...