Showing 1 - 10 of 21
This paper provides new insight into the relationship between short sales and stock market returns using a sample of stocks sold short in Canada. Short interest is defined in relation to trading volume. The results strongly support the assertion that short sales and excess returns are...
Persistent link: https://www.econbiz.de/10009459116
-based measures, both performance-adjusted discretionary total and current accruals as proxies for earnings management, and a measure …
Persistent link: https://www.econbiz.de/10009459106
This study examines relations between stock returns and potential explanatory factors in Korea, an important and segmented emerging market. Our results show that Korean stock returns in general and returns on stocks listed in Section 1 in particular are significantly positively related to...
Persistent link: https://www.econbiz.de/10009476732
On July 15, 2008, the US Securities and Exchange Commission announced temporary restrictions on naked short sales of the stocks of 19 financial firms. The restrictions offer a unique empirical setting to test Miller?s (1977) conjecture that short-sale constraints result in overpriced securities...
Persistent link: https://www.econbiz.de/10009484544
Economics
Persistent link: https://www.econbiz.de/10009431953
for the European Financial Crisis, specifically with respect to Greece. This analysis will be driven by a trend analysis … Greek government. The ECB’s inability to enforce the Maastricht Criteria and independent fiscal policy, as well as Greece … loss of competitiveness and irresponsible rise in sovereign debt for Greece. It is inferred that the EMU was ineffective in …
Persistent link: https://www.econbiz.de/10009468765
The objective of this project is to use an econometric model to examine economic growth in Greece. Using a growth model …
Persistent link: https://www.econbiz.de/10009474963
Operations of publicly traded firms differ from privately owned firms because public firms' managers make decisions based on their own interests. In this paper, we study how stock market pressure may influence a manager's inventory and operational management. Our model is a straightforward...
Persistent link: https://www.econbiz.de/10009441139
This paper examines the relationship of stock return patterns on the Bombay Stock Exchange (BSE) with those of the New York Stock Exchange (NYSE). It also examines investment opportunities for international investors. The data include daily closing values of the BSE and SSP 500 Indexes for the...
Persistent link: https://www.econbiz.de/10009441629
This paper examines whether favorable information conveyed by stock split announcements transfers to non-splitting firms within the same industry. We find that there exists intra-industry reaction; shareholders of non-splitting firms experience significant positive abnormal returns during the...
Persistent link: https://www.econbiz.de/10009468579