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COMMENTS on: “Choice between debt and equity contracts and asymmetrical information: Some empirical evidence"

Islahi, Abdul Azim - Volkswirtschaftliche Fakultät, … - 2000

This is a comment as discussant of a paper entitled “Choice between debt and equity contracts and asymmetrical information: Some empirical evidence" by Qazem Sadr and Zameer Iqbal, included in Iqbal, M. and Llewellyn, David T. (edit), Islamic Banking and Finance: New Perspectives on Profit...

Persistent link: https://www.econbiz.de/10008494198

Inflation and Nominal Financial Reporting: Implications for Performance and Stock Prices

Konchitchki, Yaniv - Volkswirtschaftliche Fakultät, … - 2011

The monetary unit assumption of financial accounting assumes a stable currency (i.e., constant purchasing power over time). Yet, even during periods of low inflation or deflation, nominal financial statements violate this assumption. I posit that, while the effects of inflation are not...

Persistent link: https://www.econbiz.de/10011114513

On Seller Estimates and Buyer Returns

Gershkov, Alex; Toxvaerd, Flavio - Volkswirtschaftliche Fakultät, … - 2006

This paper revisits recent empirical research on buyer credulity in arts auctions and auctions for assets in general. We show that elementary results in auction theory can fully account for some stylized facts on asset returns that have been held to suggest that sellers of assets can exploit...

Persistent link: https://www.econbiz.de/10005785937

Exploring Determinant Factors of Bond Trading with Inventory Management Theory (Case Study of Indonesian Capital Market, January – March 2009)

Wahyudi, Imam; Robbi, Abdu - Volkswirtschaftliche Fakultät, … - 2009

volatility are positively influence bond trading volume, but opposite for bond rating. We find that bond with higher probability …

Persistent link: https://www.econbiz.de/10011110423

Strategies on initial public offering of company equity at stock exchanges in imperfect highly volatile global capital markets with induced nonlinearities

Ledenyov, Dimitri O.; Ledenyov, Viktor O. - Volkswirtschaftliche Fakultät, … - 2014

This research considers the strategies on the initial public offering of company equity at the stock exchanges in the imperfect highly volatile global capital markets with the nonlinearities. We provide the IPO definition and compare the initial listing requirements on the various markets. We...

Persistent link: https://www.econbiz.de/10011258000

Does the weather affect stock market volatility?

Daskalakis, George; Symeonidis, Lazaros; Markellos, Raphael - Volkswirtschaftliche Fakultät, … - 2009

This paper investigates the empirical association between stock market volatility and investor mood-proxies related to … volatility. The strength of association seems to vary with the location of an exchange on Earth with respect to the equator …

Persistent link: https://www.econbiz.de/10009325599

Long Memory in Stock Market Volatility:Evidence from India

Hiremath, Gourishankar S; Bandi, Kamaiah - Volkswirtschaftliche Fakultät, … - 2010

Long memory in variance or volatility refers to a slow hyperbolic decay in auto-correlation functions of the squared or … log-squared returns. GARCH models extensively used in empirical analysis do not account for long memory in volatility. The … present paper examines the issue of long memory in volatility in the context of Indian stock market using the fractionally …

Persistent link: https://www.econbiz.de/10011112536

Effects of Option Introduction on Price and Volatility of Underlying Assets - A Review

Hiremath, Gourishankar S - Volkswirtschaftliche Fakultät, … - 2009

The effect of options’ introduction on underlying market is one of the frequently debated themes in financial research. A significant body of literature addresses the question of effects of options’ introduction. The critical review of the literature shows that there is no consensus among...

Persistent link: https://www.econbiz.de/10011258169

A Tale of Two Eurozones: Banks’s Funding, Sovereign Risk & Unconventional Monetary Policies

Fulli-Lemaire, Nicolas - Volkswirtschaftliche Fakultät, … - 2013

The admission by the Greek government on October 18, 2009, of large-scale accounting fraud in its national accounts sparked an unprecedented sovereign debt crisis that rapidly spread to the Eurozone’s weakest member states. As the crisis increasingly drove a wedge between a seemingly resilient...

Persistent link: https://www.econbiz.de/10011259850

Two-sided Certification: The market for Rating Agencies

Fasten, Erik R.; Hofmann, Dirk - Volkswirtschaftliche Fakultät, … - 2010

Certifiers contribute to the sound functioning of markets by reducing a symmetric information. They, however, have been heavily criticized during the 2008-09 financial crisis. This paper investigates on which side of the market a monopolistic profit-maximizing certifier offers his service. If...

Persistent link: https://www.econbiz.de/10010556723

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