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This dissertation uses game theoretic models to examine the effects of agent anonymity on markets for goods and for … information. In open, anonymous settings, such as the Internet, anonymity is relatively easy to obtain --- oftentimes another … their anonymity at some cost. It is shown that when consumers can costlessly maintain their anonymity, they all individually …
Persistent link: https://www.econbiz.de/10009475474
Thesis (DBA(DoctorateofBusinessAdministration))--University of South Australia, 2007
Persistent link: https://www.econbiz.de/10009480599
Using detailed data of individual investors, this dissertation investigates whether and how individuals use financial disclosure and analysts’ signals. Chapter 1 shows that, on average, individuals invest more in firms with readable, concise, and transparent financial disclosures. The results...
Persistent link: https://www.econbiz.de/10009480642
Diese Arbeit untersucht, wie Privatinvestoren vorzeitige Kündigungsrechte in strukturierten Zinsprodukten nutzen. Als Grundlage für die Analyse dient hierbei ein neuartiger, nicht öffentlich verfügbarer Datensatz, der über einen Zeitraum von circa 13 Jahren Entscheidungen von mehr als...
Persistent link: https://www.econbiz.de/10010526654
In the first essay, I examine the association between auditor industry specialization and earnings management choices. Prior research suggests that industry specialist auditors constrain accounting-based earnings management. But such actions may cause client companies to seek alternative means...
Persistent link: https://www.econbiz.de/10009475890
In this thesis, I investigate diverse aspects of capital market efficiency in selected emerging markets. In chapter 2, the focus of analysis is on the role of trading volume and capitalisation in the process of information absorption by the stock prices. Empirical analysis is conducted for...
Persistent link: https://www.econbiz.de/10009460740
This dissertation consists of three essays on the role of social values in financial markets. Chapter 1 uses geographic variation in religious concentration to identify the effect of people's gambling behavior in financial market settings. We argue that religious background predicts people's...
Persistent link: https://www.econbiz.de/10009429385
This dissertation consists of two essays investigating the trading by institutions and its impact on the stock market. In the first essay, I investigate why changes in institutional breadth predict return. I first show that changes in breadth are positively associated with abnormal returns over...
Persistent link: https://www.econbiz.de/10009431126
Persistent link: https://www.econbiz.de/10010212785