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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

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

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

Venture capital optimal investment portfolio strategies selection in diffusion - type financial systems in global capital markets with nonlinearities

Ledenyov, Dimitri O.; Ledenyov, Viktor O. - Volkswirtschaftliche Fakultät, … - 2013

The condensed research article presents some innovative research results on the venture capital optimal investment portfolio strategies selection in the diffusion-type financial systems in the imperfect highly volatile global capital markets with the incomplete information, which are...

Persistent link: https://www.econbiz.de/10011107583

How public information affects asymmetrically informed lenders: evidence from credit registry reform

Choudhary, M. Ali; Jain, Anil - Volkswirtschaftliche Fakultät, … - 2014

We exploit exogenous variation in the amount of public information available to banks about a firm to empirically evaluate the importance of adverse selection in the credit market. A 2006 reform introduced by the State Bank of Pakistan (SBP) reduced the amount of public information available to...

Persistent link: https://www.econbiz.de/10011108966