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The first essay examines news and the cross section of returns. Using a sentiment score provided by Thomson Reuters to measure the tone of news articles, this paper examines monthly portfolio returns constructed from information about past news articles. The sentiment score is obtained from the...
Persistent link: https://www.econbiz.de/10009450776
An objective of both economic structural and accounting time-series literature has been to understand the economic … results in accounting time-series research regarding the barriers-to-entry and size variables is inconclusive for the former … accounting time-series research is the product differentiation variable. Due to its lack of variation across the sample no …
Persistent link: https://www.econbiz.de/10009431340
This study extends the existing research on the use of financial statement variables to predict one-year-ahead earnings changes. A principal component analysis was conducted on 61 financial statement variables in an attempt to describe the dimensionality of the variables and facilitate the...
Persistent link: https://www.econbiz.de/10009431393
The first chapter explores the determinants of people's decisions to take 401(k) loans. We model factors that rationally would induce people to borrow from their pension plans, and we explain why people do not often use 401(k) loans to replace their more expensive credit card debt. Next we test...
Persistent link: https://www.econbiz.de/10009438624
Over the study period of 1995 to 2006, performance disparities are reported between mutual funds engaged in socially responsible investing (SRI funds) and non-SRI funds. After introducing a social factor and firm specific risk variables, an extension to the Fama-French-Carhart four-factor model...
Persistent link: https://www.econbiz.de/10009467912
This dissertation offers a microstructure-based model to explain two puzzles in finance: diversification discount and …
Persistent link: https://www.econbiz.de/10009472099
Source: Dissertation Abstracts International, Volume: 58-02, Section: A, page: 0539.
Persistent link: https://www.econbiz.de/10009472449
The era known as the Industrial Revolution was a period in which fundamental changes occurred in agriculture, textile and metal manufacture, transportation, the social structure and economic policies. The large number of unskilled people provided cheap labour and was used as easy replaceable...
Persistent link: https://www.econbiz.de/10009447180
My dissertation consists of three essays on international capital flows. In the first essay, titled "Do small firms benefit more from foreign portfolio investment? Evidence from a Natural Experiment," I test whether an increase in the supply of foreign portfolio capital benefits small firms by...
Persistent link: https://www.econbiz.de/10009450775
This dissertation consists of three essays on corporate pension plan underfunding and securities valuation. The first essay presents evidence that sell-side stock analysts systematically underreact to pension underfunding information when they forecast firm earnings and such underreaction is...
Persistent link: https://www.econbiz.de/10009455835