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We study common determinants of daily bid-ask spreads and trading volume for the bond and stock markets over the 1991-98 period. We find that spread changes in one market are affected by lagged spread and volume changes in both markets. Further, spread and volume changes are predictable to a...
Persistent link: https://www.econbiz.de/10001629622
In 2002, the Securities and Exchange Commission mandated that the chief executive officers of large, publicly traded firms certify the accuracy of their company financial statements. In this paper, I investigate whether CEO certification has had a measurable effect on the stock market valuation...
Persistent link: https://www.econbiz.de/10001783071
We examine 120 Nasdaq and Over-the-Counter "buy" recommendations made by Internet sites from April 1999 to June 2001. The stock picks show substantial short- and long-run price and liquidity gains, although no new information is revealed about them. For example, liquidity one year after the pick...
Persistent link: https://www.econbiz.de/10001751980
This paper explores liquidity movements in stock and Treasury bond markets over a period of more than 1800 trading days. Cross-market dynamics in liquidity are documented by estimating a vector autoregressive model for liquidity (that is, bid-ask spreads and depth), returns, volatility, and...
Persistent link: https://www.econbiz.de/10001752003
Persistent link: https://www.econbiz.de/10001752009
and services. Since agriculture currently dominates Ethiopia's economy and employment, however, there is an issue as to … grow more rapidly than the agricultural sector. The slower growth of agriculture, its relative decline, concern about the … difficulty of modernizing agriculture and pessimism about the potentials for technological change in agriculture suggest to some …
Persistent link: https://www.econbiz.de/10010850557
Persistent link: https://www.econbiz.de/10010850566
Agriculture is the largest contributor to the economic well-being of most Nigerians. For the agriculture sector to … also been shown that agriculture R&D could increase agriculture growth and reduce poverty (Fan 2008; Thirtle et al. 2003 …). Therefore, research-based evidence is important to guide decisions that affect Nigeria's agriculture sector and its people. The …
Persistent link: https://www.econbiz.de/10010850581
The second of three books in IFPRI's climate change in Africa series, East African Agriculture and Climate Change: A … contributors of East African Agriculture and Climate Change present plausible future scenarios that combine economic and … biophysical characteristics to explore the possible consequences for agriculture, food security, and resources management to 2050 …
Persistent link: https://www.econbiz.de/10010850583
Persistent link: https://www.econbiz.de/10010933114