Narrow search
Showing 1 - 10 of 1,420
Cover Image
Indian Equity Markets : Measures of Fundamental Value
Mehra, Rajnish - 2010
high frequency price movements in the stock market. In fact, we know of no framework that can satisfactorily account for …
Persistent link: https://www.econbiz.de/10012462594
Cover Image
Understanding How Price Responds to Costs and Production
Bils, Mark - 1999
a large empirical literature from the 1950's and 60's, that it is necessary to distinguish the response of price to an … two models that can potentially explain these findings. Both break the link between price and marginal cost, thereby … second is driven by firms pricing to limit non-price competition within their market …
Persistent link: https://www.econbiz.de/10012471473
Cover Image
Stock Market and Investment Goods Prices : Implications for Macroeconomics
Christiano, Lawrence J. - 2003
transitory neutral technology shocks. When calibrated to the capital price observations, the model does well at accounting for …
Persistent link: https://www.econbiz.de/10012468667
Cover Image
Do prices reveal the presence of informed trading?
Collin-Dufresne, Pierre - 2012
Using a comprehensive sample of trades by Schedule 13D filers, who possess valuable private information when they accumulate stocks of targeted companies, this paper studies whether several liquidity measures reveal the presence of informed trading. The evidence suggests that when Schedule 13D...
Persistent link: https://www.econbiz.de/10012460208
Cover Image
When do Firms Go Green? Comparing Price Incentives with Command and Control Regulations in India
Harrison, Ann - 2015
India has a multitude of environmental regulations but a history of poor enforcement. Between 1996 and 2004, India … establishments, with price elasticities similar to those found in the US. In addition, higher coal prices are associated with lower …
Persistent link: https://www.econbiz.de/10012456908
Cover Image
Time-Varying Betas and Asymmetric Effect of News : Empirical Analysis of Blue Chip Stocks
Cho, Young-Hye - 1999
in a bivariate EGARCH model. We believe that stock price aggregation in this previous research resulted in a loss of …
Persistent link: https://www.econbiz.de/10012471454
Cover Image
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
Cover Image
The Distribution of Investor Beliefs, Stock Ownership and Stock Returns
Hardouvelis, Gikas A.; Karalas, Georgios; Vayanos, Dimitri - National Bureau of Economic Research - 2021
We study theoretically and empirically the relationship between investor beliefs, ownership dispersion and stock returns. We find that high dispersion, measured by high breadth or low Herfindahl index, forecasts returns positively for large stocks, as in Chen, Hong and Stein (2002), but...
Persistent link: https://www.econbiz.de/10012510575
Cover Image
Attention, Social Interaction, and Investor Attraction to Lottery Stocks
Bali, Turan G.; Hirshleifer, David; Peng, Lin; Tang, Yi - National Bureau of Economic Research - 2021
We find that among stocks dominated by retail investors, the lottery anomaly is amplified by high investor attention (proxied by high analyst coverage, salient earnings surprises, or recency of extreme positive returns) and intense social interactions (proxied by Facebook social connectedness or...
Persistent link: https://www.econbiz.de/10012794571
Cover Image
Stock Market Prices Do Not Follow Random Walks : Evidence From a Simple Specification Test
Lo, Andrew W. - 1987
In this paper, we test the random walk hypothesis for weekly stock market returns by comparing variance estimators derived from data sampled at different frequencies. The random walk model is strongly rejected for the entire sample period (1962-1985) and for all sub-periods for a variety of...
Persistent link: https://www.econbiz.de/10012476901