Similar Search Results

Jumps and Information Asymmetry in the US Treasury Market

Dumitru, Ana-Maria; Urga, Giovanni - 2016

This paper analyses the informational role of the trading activity when jumps occur in the US Treasury market. As jumps … mark the arrival of new information to the market, we explore the contribution of jumps in reducing the informational … asymmetry. We identify jumps using a combination of jump detection techniques. For all maturities, the trading activity is more …

Persistent link: https://www.econbiz.de/10011446868

An investigation into the dependence structure of major cryptocurrencies

Saha, Kunal - 2018

This paper attempts to examine the dependence structure of four major cryptocurrencies chosen by current market capitalisation. It is a well known fact that there is huge volatility in the prices of these cryptocurrencies. The Vine Copula model is used to get some insights about the dependence...

Persistent link: https://www.econbiz.de/10011894386

Stop Waiting Problem: Decision Rule with Ψ function and Application with Share Prices

Kohn, Wolfgang - 2014

In this paper the stop-waiting strategy of Franz Bruss is set into a simple probabilistic framework and applied to the apple share prices from 1984 to 2013. Within the probabilistic framework a heuristic and a mathematical decision rule using the $\Psi$ function is developed. The results are in...

Persistent link: https://www.econbiz.de/10010332891

A Longer-Term evaluation of Information releases by Influential market Agents and the Semi-strong market Efficiency

Agrrawal, Pankaj; Agarwal, Rajat - 2023

This paper is an evaluation of long-term cumulative returns (CAR's) based on Twitter broadcasts by highly influential market agents. We look at the information content of Elon Musk, CEO of SpaceX, Tesla and Twitter Inc. and the former US President Donald Trump. The principal objectives of this...

Persistent link: https://www.econbiz.de/10014317110

Last Success Problem: Decision Rule and Application

Kohn, Wolfgang - 2014

Where is the most likely position for the last success in n events, if each event has the same probability Pr(A)? What is the probability for the last success? This situation assumes returning successes which is different to the stop waiting problem where a single best event is assumed. We set...

Persistent link: https://www.econbiz.de/10010352782

SPACs: Post-merger survival

Vulanovic, Milos - 2016

This paper studies how institutional characteristics of Specified Purpose Acquisition Companies (SPACs) are related to their post-merger survival. SPACs are unique financial firms that conduct the IPO with the solely purpose to use the proceeds to acquire another private company. Paper finds...

Persistent link: https://www.econbiz.de/10011567076

Reducing Asymmetric Information in Venture Capital Backed IPOs

Escobari, Diego; Serrano, Alejandro - 2015

Purpose – The purpose of this paper is to model asymmetric information and study the profitability of venture capital (VC) backed initial public offerings (IPOs). Our mixtures approach endogenously separates IPOs into differentiated groups based on their returns’ determinants. We also...

Persistent link: https://www.econbiz.de/10011390741

SPACs in Shipping

Shachmurove, Yochanan; Vulanovic, Milos - 2013

In this study we examine how Specified Purpose Acquisition Companies (SPACs) were used as a financing tool for companies in the shipping industry in period 2004-2011. We confirm that SPACs focused on acquisitions in the shipping industry have similar characteristics as the population of SPACs...

Persistent link: https://www.econbiz.de/10010327773

SPACs with focus on China

Shachmurove, Yochanan; Vulanovic, Milos - 2014

In this study, we examine characteristics of Specified Purpose Acquisition Companies (SPACs) used as a financing tool for companies from China in period 2004-2011. We offer the evidence that, similarly to evidence from studies on reverse mergers focusing on China, SPACs that focus on China are...

Persistent link: https://www.econbiz.de/10010332133

A Story on SPACs

Lakicevic, Milan; Vulanovic, Milos - 2012

We study characteristics of Specified Purpose Acquisition Companies (SPACs) and examine the performance of their securities over time. We find that SPACs represent a fairly unique way to raise capital. The incentives of their founders, underwriters, and investors are interdependent and...

Persistent link: https://www.econbiz.de/10010310645