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The industrial organization and regulation of the securities industry

Lo, Andrew W. (ed.) - 1996

Persistent link: https://www.econbiz.de/10000937532

Social Media, Sentiment and Public Opinions : Evidence from #Brexit and #USElection

Gorodnichenko, Yuriy - 2018

This paper studies information diffusion in social media and the role of bots in shaping public opinions. Using Twitter data on the 2016 E.U. Referendum ("Brexit") and the 2016 U.S. Presidential Election, we find that diffusion of information on Twitter is largely complete within 1-2 hours....

Persistent link: https://www.econbiz.de/10012453088

Transaction Costs in Dealer Markets : Evidence From The London Stock Exchange

Reiss, Peter C. - 1994

This paper describes regularities in the intraday spreads and prices quoted by dealers on the London Stock Exchange. It develops a measure of spread-related transaction costs, one that recognizes dealers' willingness to price trades within their quoted spreads. This measure of transaction costs...

Persistent link: https://www.econbiz.de/10012474198

Default Options and Insurance Demand

Robinson, Peter John - 2020

choices between alternatives. We study whether defaults can be used to increase insurance coverage against low …-probability/high-impact risks, like floods, and whether past flood insurance purchases and flooding experience moderate the effect of defaults. Our … study uses a naturally occurring difference in experience, comparing the surveyed flood insurance choices of 1 …

Persistent link: https://www.econbiz.de/10012481576

International Asset Allocation with Time-Varying Correlations

Ang, Andrew - 1999

It is widely believed that correlations between international equity markets tend to increase in highly volatile bear markets. This has led some to doubt the benefits of international diversification. This article solves the dynamic portfolio choice problem of a US investor faced with a...

Persistent link: https://www.econbiz.de/10012471745

Asset Holdings and the Life Cycle

King, Mervyn A. - 1981

Empirical studies of the life cycle savings model have tended to rej ect the hypothesis of a "hump-shaped" pattern for the wealth-age profile. In this paper we show, using new data on net worth for 12,734 families, that there is evidence that wealth declines after retirement provided that we...

Persistent link: https://www.econbiz.de/10012478509

The Tax Advantages of Pension Fund Investments in Bonds

Black, Fischer - 1980

insurance contracts). Although the firm's pension funds are legally distinct from the firm, there is a close tie between the …

Persistent link: https://www.econbiz.de/10012478602

British Investment Overseas 1870-1913 : A Modern Portfolio Theory Approach

Goetzmann, William N. - 2005

Many scholars have asked whether British investors benefited from overseas investment investing in the 19th century and whether this export of capital had negative effects. We re-visit the issue using modern portfolio theory. We examine the set of investment opportunities available to British...

Persistent link: https://www.econbiz.de/10012467419

Wealth Portfolios in the UK and the US

Banks, James - 2002

In this paper, we attempt to explain differences between the US and UK household wealth distributions, with an emphasis on the quite different porfolios held in stock and housing equities in the two countries. As a proportion of their total wealth, British households hold relatively small...

Persistent link: https://www.econbiz.de/10012469583

Currency Hedging over Long Horizons

Froot, Kenneth A. - 1993

This paper reexamines the widely-held wisdom that the currency exposure of international investments should be entirely hedged. It finds that the previously documented ability of hedges to reduce portfolio return variance holds at short horizons, but not at long horizons. At horizons of several...

Persistent link: https://www.econbiz.de/10012474601

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