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Essays on asset pricing and financial econometrics

Kang, Qiang - 2002

The dissertation is focused on studying the behavior of aggregate asset market and its relationship to real economic activity. Chapter 1 offers a new empirical perspective on the relationship between the conditional mean and volatility of stock returns. Chapter 2 builds a general equilibrium...

Persistent link: https://www.econbiz.de/10009438918

Some financial implications of United States pension actuarial methods and assumptions

Gold, Jeremy - 2000

management while ignoring and contradicting contemporaneous developments in finance. This has distorted the accounting, tax and … finance lessons of Black (1980) and Tepper (1981) to "cash balance" pension plans, concluding that these plans can best serve … investing and smooth away the risks incurred without causing bias. Modern finance may correct this and inform future actuarial …

Persistent link: https://www.econbiz.de/10009439129

Hyperbolic utility consumption-CAPM with time variation

Hong, Seung-Mo Jeff - 2000

In the past the studies done about consumption and the financial market generally produced results that would only work to discount the credibility of consumption-based asset pricing models. This study was motivated by the idea that a model based on hyperbolic utility risk aversion mechanism...

Persistent link: https://www.econbiz.de/10009440708

International financial networks and global supply chains: A unified framework for decision-making, optimization, and risk management

Cruz, Jose M - 2004

electronic transactions. I utilized tools from both management science and finance to identify the commonality in the structures …

Persistent link: https://www.econbiz.de/10009467759

Social interaction and economic institution

Park, Yongjin - 2004

borrowing firms, banks may increase the number of firms they initially finance by offering lower loan rates. At the same time …

Persistent link: https://www.econbiz.de/10009467803

Financial liberalization and its distributional consequences: An empirical exploration

Jayadev, Arjun - 2005

Although there has been growing interest in the social impacts of financial deregulation in economies across the world, a large research gap persists. Despite voluminous literature, there has been very little empirical work addressing the distributional consequences of a liberal financial...

Persistent link: https://www.econbiz.de/10009468048

Ladder to development? Foreign direct investment, spillovers, and the governance in a global economy

Zarsky, Lyuba - 2006

This dissertation probes the interface between foreign direct investment (FDI) and sustainable industrial development in the context of the neo-liberal institutions governing the global economy. Comprised of three essays, it defines sustainable industrial development as simultaneous evolution...

Persistent link: https://www.econbiz.de/10009468093

Three essays on China's state owned enterprises: Towards an alternative to privatization

Li, Minqi - 2002

A common theme in the analysis of the contemporary Chinese economy is that the Chinese state owned enterprises fail to operate efficiently because of ambiguous property rights, soft budget constraints, and government intervention. These authors advocate an economic reform program based on...

Persistent link: https://www.econbiz.de/10009468199

How Are Inflation Expectations Formed by Consumers, Economists and the Financial Market?

Khubchandani, Shaun - 2010

Inflation expectations have been of great interest to economists because they predict how agents in an economy set prices and react to changes in various macroeconomic variables. The existence of Keynesian liquidity traps in Japan and the United States have helped emphasize the importance of...

Persistent link: https://www.econbiz.de/10009468735

Stock Markets and Household Wealth: Can a Stock Market Crash Cause a Recession in The U.S. Economy?

Singh, Ishan - 2008

Stock market wealth effects on the level of consumption in the United States economy have been constantly debated; there is evidence for arguments for and against its prominence and its symmetry. This paper seeks to investigate the strength of its negative effect by creating models to analyze...

Persistent link: https://www.econbiz.de/10009474964