Similar Search Results

The Value of Intermediation in the Stock Market

Maggio, Marco Di - 2019

Brokers continue to play a critical role in intermediating institutional stock market transactions. More than half of all institutional investor order flow is still executed by high-touch (non-electronic) brokers. Despite the continued importance of brokers, we have limited information on what...

Persistent link: https://www.econbiz.de/10012480093

Anticipating the Stock Market Crash of 1929 : The View from the Floor of the Stock Exchange

White, Eugene N. - 2006

In the months prior to the stock market crash of 1929, the price of a seat on the New York Stock Exchange was abnormally low. Rising stock prices and volume should have driven up seat prices during the boom of 1929; instead there were negative cumulative abnormal returns to seats of approximately 20...

Persistent link: https://www.econbiz.de/10012466000

R-Squared Around the World : New Theory and New Tests

Jin, Li - 2004

Morck, Yeung and Yu (MYY, 2000) show that R2 and other measures of stock market synchronicity are higher in countries with less developed financial systems and poorer corporate governance. MYY and Campbell, Lettau, Malkiel and Xu (2001) also find a secular decline in R2 in the United States over...

Persistent link: https://www.econbiz.de/10012468240

Counterparty Risk and the Establishment of the New York Stock Exchange Clearinghouse

Bernstein, Asaf - 2014

Heightened counterparty risk during the recent financial crisis has raised questions about the role clearinghouses play in global financial stability. Empirical identification of the effect of centralized clearing on counterparty risk is challenging because of the co-incidence of macro-economic...

Persistent link: https://www.econbiz.de/10012458209

Stock Price Manipulation, Market Microstructure and Asymmetric Information

Allen, Franklin - 1991

In recent years, there has been a large literature on how stock exchange specialists set prices when there are investors who know more about the stock than they do. An important assumption in this literature is that there are *liquidity traders* who are equally likely to buy or sell for...

Persistent link: https://www.econbiz.de/10012475127

The Effects of Investing Social Security Funds in the Stock Market When Fixed Costs Prevent Some Households from Holding Stocks

Abel, Andrew B. - 2000

With fixed costs of participating in the stock market, consumers with high income will participate in the stock market, but consumers with lower income will not participate. If a fully-funded defined-contribution social security system tries to exploit the equity premium by selling a dollar of...

Persistent link: https://www.econbiz.de/10012471011

The Stock Market and Capital Accumulation

Hall, Robert E. - 1999

If firms purchase capital up to the point where there is no further marginal benefit, and the firms' securities are equal in value to the capital, then the market value of securities measures the quantity of capital. I explore the implications of this hypothesis using data from U.S. non-farm,...

Persistent link: https://www.econbiz.de/10012471608

Revisions and Investment Plans and the Stock Market Rate of Return

Schankerman, Mark - 1991

This paper explores the sources of uncertainty that cause firms to revise their capital investment plans and the stock … in investment plans and the stock market rate of return in micro, setoral and aggregate components, and to measure the … U.S. economy for the period 1950-1973. The empirical results show that the capital investment decision is governed …

Persistent link: https://www.econbiz.de/10012475047

The Stock Market and Investment

Barro, Robert J. - 1989

investment, especially for long samples that begin in 1891 or 1921. Moreover, for the period since 1921 where data on a q … Canadian investment, except that the U.S. stock market turns out to have move predictive power than the Canadian market. I …

Persistent link: https://www.econbiz.de/10012476128

On the Economic Consequences of Index-Linked Investing

Wurgler, Jeffrey - 2010

distorting corporate investment and financing decisions, investor portfolio allocation decisions, fund manager skill assessments …

Persistent link: https://www.econbiz.de/10012462280

1
2
3
4
5
6
7
8
9
10
Next
Last