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Investor Sentiment and Stock Returns: Evidence from Romania
Oprea, Dragos Stefan; Brad, Laura - In: International Journal of Academic Research in … 4 (2014) 2, pp. 19-25
individual investor sentiment seems to be quickly removed by the force of arbitrage. The price adjustments are realized in less …
Persistent link: https://www.econbiz.de/10010789983
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R 2 and idiosyncratic risk are not interchangeable
Li, Bin; Rajgopal, Shivaram; Venkatachalam, Mohan - In: The accounting review : a publication of the American … 89 (2014) 6, pp. 2261-2295
Persistent link: https://www.econbiz.de/10010469131
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Arbitrage and Valuation in the Market for Standard and Poor's Depositary Receipts
Ackert, Lucy; Tian, Yisong S. - 2000
stock index that trade like shares of stock. Arbitrage costs are low because these assets have low fundamental risk, low … redemption feature facilitates arbitrage so that sophisticated traders can take advantage of and eliminate mispricing. However … performance of the S&P MidCap 400 index, an index of moderate capitalization firms, and are expected to have higher arbitrage …
Persistent link: https://www.econbiz.de/10009459103
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Investor Sentiment and Stock Returns: Evidence from Turkey
CanbaÅŸ, Serpil; Serkan Yılmaz Kandır - In: Emerging Markets Finance and Trade 45 (2009) 4, pp. 36-52
This paper investigates the relation between investor sentiment and stock returns on the Istanbul Stock Exchange, employing vector autoregressive (VAR) analysis and Granger causality tests. The sample period extends from July 1997 to June 2005. In the VAR models, stock portfolio returns and...
Persistent link: https://www.econbiz.de/10008592681
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Homevoters vs. leasevoters : a spatial analysis of airport effects
Ahlfeldt, Gabriel M.; Maennig, Wolfgang - 2013 - Version: March 2013
We use a public referendum on a new air traffic concept in Berlin, Germany as a natural experiment to analyze how the interaction of tenure and capitalization effects shapes the outcome of direct democracy processes. We distinguish between homevoters, i.e., voters who are homeowners, and...
Persistent link: https://www.econbiz.de/10009764375
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The impact of objective and subjective measures of air quality and noise on house prices : a multilevel approach for downtown Madrid
Chasco Yrigoyen, Coro; Le Gallo, Julie - 2011 - Draft version
levels. The outline of the paper is as follows. First, we combine a set of noise and air pollutants measured at a number of …
Persistent link: https://www.econbiz.de/10011553481
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Road traffic as a source of noise pollutio : case study : trstenik municipality
Pecić, Ljiljana; Pravdić, Predrag - In: Bizinfo (Blace) : časopis iz oblasti ekonomije … 10 (2019) 1, pp. 69-83
Persistent link: https://www.econbiz.de/10012268807
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Residential noise exposure and health : evidence from aviation noise and birth outcomes
Argys, Laura M.; Averett, Susan; Yang, Muzhe - 2019
), we examine the impact of exposure to excessive noise levels on birth outcomes. Using birth records that include mothers … mothers living near the airport in the direction of the runway. We utilize exogenous variation in noise exposure triggered by … NextGen, which unintentionally increased noise in communities affected by the new flight patterns. Our finding informs policy …
Persistent link: https://www.econbiz.de/10012110475
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Signaling in deterministic and stochastic settings
Jeitschko, Thomas D.; Normann, Hans-Theo - 2011
We contrast a standard deterministic signaling game with one where the signal-generating mechanism is stochastic. With stochastic signals a unique equilibrium emerges that involves separation and has intuitive comparative-static properties as the degree of signaling depends on the prior type...
Persistent link: https://www.econbiz.de/10010307240
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Testing for Nonlinear Structure and Chaos in Economic Time. A Comment.
Hommes, Cars; Manzan, Sebastiano - 2006
This short paper is a comment on ``Testing for Nonlinear Structure and Chaos in Economic Time Series'' by Catherine Kyrtsou and Apostolos Serletis. We summarize their main results and discuss some of their conclusions concerning the role of outliers and noisy chaos. In particular, we include...
Persistent link: https://www.econbiz.de/10010325181