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Empirical Evidence on Economic and Financial Aspects of Intensive Insider Trading
Wisniewski, Tomasz Piotr - 2004
This thesis contributes to the literature by providing new insights into the patterns and market implications of insider trading. The inferences presented here are based on the insider trading reports filed with the Polish Securities and Exchange Commission and the New Zealand Exchange. First,...
Persistent link: https://www.econbiz.de/10009460738
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Implementierung effizienter Marktstrukturen bei asymmetrischen Informationen : die Rolle des Informationstransfers
Paust, Michael - 2010
Allokationsverfahren zur Vergabe von Zutrittslizenzen an Marktneulinge differieren hinsichtlich mehrerer Aspekte. Einer davon ist die Veröffentlichung der vom Regulierer im Lizenzvergabeverfahren gesammelten Informationen. Der Autor untersucht den Einfluss der Informationsweitergabe auf die...
Persistent link: https://www.econbiz.de/10009467401
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Internationale Verschuldungskrisen, die Kreditvergabepolitik des IWF und Schuldner-Moral-Hazard : eine Analyse aus vertragstheoretischer Sicht
Frech, Tim - 2005
dem IWF in diesen Szenarien zur Verfügung stehen, orientieren sich dabei an den in der Theorie zur Finanzintermediation …, especially in contract theory. After thoroughly summarizing the potential information asymmetries and negative incentives between …
Persistent link: https://www.econbiz.de/10009471827
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Does Past Volatility Affect Investors' Price Forecasts and Confidence Judgements?
Du, Ning; Budescu, David V - 2007
This study investigates the influence of past volatility on individual investors' forecasting behavior. We conducted two experiments in which we used real stock prices to construct low- and high-volatility time series, and asked participants to make both point estimates and interval forecasts of...
Persistent link: https://www.econbiz.de/10009440694
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Intraday volume and volatility relations with and without public news
Darrat, A.; Zhong, M.; Cheng, L. - 2007
-causes volatility without feedback. These results are broadly consistent with behavioral models like the overconfidence and biased self …
Persistent link: https://www.econbiz.de/10009448126
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Einfluss von Overconfidence und Optimismus von Finanzvorständen auf ihre Kapitalstrukturentscheidungen
Kasch, Michael Georg - 2008
Persönlichkeitsmerkmale Overconfidence und Optimismus von Führungskräften auf ihre Kapitalstrukturentscheidungen wird empirisch untersucht …). Demnach wählen Manager mit Overconfidence und Optimismus höhere Fremdkapitalquoten und kürzere Fristigkeiten. Sie beschränken … bestätigen den Einfluss von Overconfidence von Finanzvorständen auf ihre Kapitalstrukturentscheidungen. Die Overconfidence des …
Persistent link: https://www.econbiz.de/10009467404
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Three Essays on Crop Insurance: RMA's Rules and Participation, and Perceptions
Umarov, Alisher - 2009
The purpose of this dissertation is to examine further the factors that influencefarmers’ decisions to participate in crop insurance programs. The factors consideredare RMA rules and farmers’ yield perceptions. In particular, the first paperexamined the role of Risk Management Agency’s...
Persistent link: https://www.econbiz.de/10009477925
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Experimental Studies of Overconfidence in Financial Markets
Julija Michailova - 2010
This doctoral thesis investigates the influence of overconfidence on the outcomes in experimental asset markets, both … that is later used in economic experiments to measure subjects’ overconfidence. The second part investigates the role of … market overconfidence in the occurrence of bubbles in asset prices and the emergence of other stylized facts of financial …
Persistent link: https://www.econbiz.de/10009428972
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Decomposing executive stock option exercises: Relative information and incentives to manage earnings
Veenman, David; Hodgson, Allan; van Praag, Bart; Zhang, Wei - 2011
This paper examines the information content of stock option exercises versus regular insider share trades by corporate executives. We argue that the asymmetric payoff structure of options makes managerial wealth - compared to holdings of shares - relatively more sensitive to stock price changes...
Persistent link: https://www.econbiz.de/10009448261
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Insider trading at the turn of the century: two essays
Boehmer, Ekkehart (contributor) - 2008
Insider trading may convey information to the market and promote accuratepricing of stocks. In this dissertation, I investigate insider trading at the turn of thecentury.In the first essay, I investigate insider trading activity in technology stocks duringthe high price - high volatility period...
Persistent link: https://www.econbiz.de/10009464877