Showing 1 - 10 of 41
This paper attempts to measure, in a cost–benefit analysis, a stricter noise abatement programme for noise originating … noise reduction was found. In order to perform a social cost–benefit analysis, a measure of benefit has been derived for 1 … km of road and has been compared with the cost of noise reduction under different types of road structure. The results …
Persistent link: https://www.econbiz.de/10011258496
for reducing the air and noise pollution. The estimates are based on data from the annual Income and Living Conditions … Survey (ILCS) in Turkey which took place in period 2006-2012. The effects of air and noise pollution on individuals’ health … the first study which examines the effects of noise and air pollution in Turkey using a great variety of econometric …
Persistent link: https://www.econbiz.de/10011207843
Für eine Gruppe von DAX-Unternehmen wird die Bedeutung von Noise Trading für das Pricing von Stamm- und Vorzugsaktien … sich das Noise-Trader-Risiko in einem modellfreien Ansatz abschätzen. Rund 80% der Variation in Wochenrenditen kann … Noise-Trader-Risiko ist im Zeitverlauf starken Schwankungen ausgesetzt. Werte für die bedingte Volatilität der Long …
Persistent link: https://www.econbiz.de/10005649760
point of view of the selection of the variables, first we will consider noise -joint to air pollution- as a relevant …
Persistent link: https://www.econbiz.de/10005789787
We explore in this paper how trading noise, when considered as a market friction, reacts to trading activity … noise across investors and time of day makes it a specific, rather than general, transactions cost, as opposed to Stoll … more noise or friction in the market. Width and depth contribute to trading noise in a polarized way, so that individual …
Persistent link: https://www.econbiz.de/10009654205
We attempt to identify in this paper the role of trading noise as a transactions cost to market participant in the … Yeo (2008), we analyze the noise proportion in intraday stock returns and its interaction with investor herding and search … cost. Although this noise is high on individual orders and low on institutional orders, its behavior at market open is …
Persistent link: https://www.econbiz.de/10008839491
The principle of no arbitrage says that identical assets should offer the same returns. However, experimental and anecdotal evidence suggests that people often rely on analogy making while valuing assets. The principle of analogy making says that similar assets should offer the same returns. I...
Persistent link: https://www.econbiz.de/10011109273
The purpose of this paper is to understand the reasons behind financial market behavior that often does not match that proposed by classic finance models. In particular, this work tests the fully-rational agents assumption made by classic finance to explain investment decisions under...
Persistent link: https://www.econbiz.de/10011110084
We test whether and how equity overvaluation affects corporate financing decisions using an ex ante misvaluation measure that filters firm scale and growth prospects from market price. We find that equity issuance and total financing increase with equity overvaluation; but only among overvalued...
Persistent link: https://www.econbiz.de/10011110898
The SAD effect is a calendar anomaly linked to the few length of the daylight during the autumn and the winter. In this paper we investigate the presence of this seasonal effect on the Romanian capital market. We find evidences of a significant SAD effect for an important index of the Bucharest...
Persistent link: https://www.econbiz.de/10011111121