Three essays of financial analysts

... distortions in financial analysts incentives in recent years, instead o f a m ore bullish position by analysts in the later part o f my sam ple period A verage characteristics o f analysts are ... permission of the copyright owner Further reproduction prohibited without permission C hapter III Sum m ary Statistics of the IBES R ecom m endation D atabase 113 Sum m ary Statistics o...

Ngày tải lên: 30/09/2015, 17:06

Ngày tải lên: 30/07/2014, 14:12

... presented in Chapter 2, examines whether individual investors’ trading decisions are in uenced by a desire to feel good about gains and losses Because of the diminishing marginal utility of gains and ... exhibited in actual trading decisions of individual investors Investors realize gains or losses when they sell stocks Therefore we can draw inferences about investors...

Ngày tải lên: 02/11/2014, 00:31

Ngày tải lên: 30/03/2014, 01:20

... beat the market, regardless of his views of the efficiency of the markets A relatively new vein of finance literature has begun to explore the importance of human behaviorial biases as they relate ... related to the number of publications that an author has at the time of the publication of the anomaly and the number of years the author has been...

Ngày tải lên: 03/06/2014, 02:06

... credit growth and banking structure of the Central and Eastern European Countries (CEE) The first essay studies the importance of bank ownership on this growth, the second explores the influence of ... Credit Growth in Central and Eastern European Countries, studies the importance of bank ownership structure for the growth of cr...

Ngày tải lên: 03/06/2014, 02:21

... , the full patent regime is better from the social point of view; these regions correspond to parts (i) and (ii) of Proposition 7, part (i) of Proposition and the conclusions of the analysis of ... Organization The three essays described in the introduction are all self-contained with their own Introduction, Conclusion and Reference sections They are followed b...

Ngày tải lên: 03/06/2014, 02:21

... polynomial functions available, including a piecewise constant function, a piecewise linear function over cone, high-dimensional splines, and etc., the one we consider here is a linear function in all ... dominated convergence theorem, the integral Vth is n−1 also continuous To show that Vth is nondecreasing in σT , one should note that n−1 equation (1.3.4) implies that it’s an increasing...

Ngày tải lên: 12/09/2015, 08:16

... (sum of y)] [(n) (sum of (xx)) ]-[ (sum of x) (sum of x)] where: n = # of observations (36 months) x = rate of return for the S&P 500 Index y = rate of return for the fund 14 Dictionary of Financial ... average number of years that each dollar of unpaid principal due on the mortgage remains outstanding Average life is computed as the weighted 10 Dictionary of Fina...

Ngày tải lên: 05/10/2012, 08:22

... (sum of y)] [(n) (sum of (xx)) ]-[ (sum of x) (sum of x)] where: n = # of observations (36 months) x = rate of return for the S&P 500 Index y = rate of return for the fund 14 Dictionary of Finantial ... based on profitability and is taxable as income A cash distribution may include capital gains and return of capital in addition to the dividend 22 Dictionary of Fi...

Ngày tải lên: 05/10/2012, 08:22

... (sum of y)] [(n) (sum of (xx)) ]-[ (sum of x) (sum of x)] where: n = # of observations (36 months) x = rate of return for the S&P 500 Index y = rate of return for the fund 14 Dictionary of Finantial ... based on profitability and is taxable as income A cash distribution may include capital gains and return of capital in addition to the dividend 22 Dictionary of Fi...

Ngày tải lên: 23/10/2012, 14:24

... on the bank as a coalition of depositors, of Akerlof (1970) and Leland and Pyle (1977) on the bank as an information sharing coalition, and of Diamond (1984) on the bank as delegated ( ) monitor, ... by a further extension of the present theory, by the framework of the agency theory and the theory of asymmetric information The question goes into the...

Ngày tải lên: 24/10/2012, 09:11

... vệ hand control điều khiển thủ công central control điều khiển tập trung bridge control điều khiển từ buồng lái emergency control điều khiển ứng cấp the centralized control room(the control room) ... This remote control system mainly consists of a synchro signal transmitter, a phase-sensitive rectifier, a preamplifier, a ... điều khiển tập trung remote control điều khiển từ...

Ngày tải lên: 28/10/2013, 08:15

... Encouraged Set of Financial Soundness Indicators Financial Sector Assessment: A Handbook Chapter 2: Indicators of Financial Structure, Development, and Soundness distribution of stress tests ... institutions and their asset positions, and (b) the number of and growth rates of 10 11 12 A B C D E F G H I 16 Chapter 2: Indicators of Financial St...

Ngày tải lên: 17/12/2013, 05:15

... (sum of y)] [(n) (sum of (xx)) ]-[ (sum of x) (sum of x)] where: n = # of observations (36 months) x = rate of return for the S&P 500 Index y = rate of return for the fund 14 Dictionary of Finantial ... based on profitability and is taxable as income A cash distribution may include capital gains and return of capital in addition to the dividend 22 Dictionary of Fi...

Ngày tải lên: 18/12/2013, 09:12