Two essays in finance
Two essays in finance
... gives information comparing investors in this sample to mutual fund investors in general Panel A of the table shows that in 2000, 83.2% of the holdings in my sample are in equity funds, 6.7% are in ... avoid admitting that their original purchase decision was a mistake, so they avoid realizing losses and instead sell winning funds Shefrin and Statman (1985) call selling winners wh...
Ngày tải lên: 30/09/2015, 17:19
Two essays in corporate finance
... Studies examining insider trading around important corporate announcements report similar findings.10 However, the decrease in managerial holdings is not as dramatic as the increase in selling; for ... holdings (CHNG): CHNG= ∆ (Share holdings) t + ∆ (Option holdings) t ( Beginning share holdings + Beginning option holdings) t b The independent variables are defined as follows: stock acq...
Ngày tải lên: 03/06/2014, 02:22
two essays in corporate finance
... examining incentives to change entire firm value, for instance, a change in the accounting system They suggest that percentage ownership (the second measure) is more important in explaining incentives ... non-restating firms Industry-year adjusted values for restating firms 18 are calculated by deducting the median non-restating firm’s characteristic in the corresponding industry-year o...
Ngày tải lên: 02/11/2014, 00:50
Empirical essays in finance, growth and institution
... development Will financial development help prop up the growth of industries in Western European countries and South Asian countries alike? Studies in the finance and growth hypothesis using industries ... established that financial development has a significant role in influencing countries’ economic variables For example, King and Levine (1993a and 1993b) and Levine (199...
Ngày tải lên: 15/09/2015, 17:11
Two essays in financial product pricing
... guaranteed minimum withdrawal benefit riders Also, we have assumed deterministic interest rate structure since 2.1 Introduction interest rate plays its in uence mainly on discount factors in pricing the ... challenging topics in financial industry In this thesis we study two quite important financial products: guaranteed minimum withdrawal benefit (GMWB) and non-maturing deposit GMWB i...
Ngày tải lên: 01/10/2015, 17:27
Two essays on transparency in corporate finance Mergers and repurchases
... cash financing which includes combinations of cash, debt, and liabilities The second category is stock financing, which includes payments with common stock or a combination of common stock and ... measures in different regressions E Long-term performance Majority mergers and acquisition studies find negative abnormal performance following mergers (Loderer and Martin (1992), Ande...
Ngày tải lên: 03/06/2014, 02:22
Tài liệu ADVANCES IN QUANTITATIVE ANALYSIS OF FINANCE AND ACCOUNTING Essays in Microstructure in Honor of David K. Whitcomb Volume 3 ppt
... ADVANCES IN QUANTITATIVE ANALYSIS OF FINANCE AND ACCOUNTING Essays in Microstructure in Honor of David K Whitcomb Volume This page intentionally left blank ADVANCES IN QUANTITATIVE ANALYSIS OF ... International Journal of Finance, The Journal of Banking and Finance, The Journal of Finance, The Journal of Financial Economics, The Journal...
Ngày tải lên: 19/02/2014, 13:20
essays in corporate finance organizational form, financing and innovation
Ngày tải lên: 03/06/2014, 01:14
