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Three essays on corporate pension underfunding, securities valuation and market efficiency

Zhang, Ting - 2009

This dissertation consists of three essays on corporate pension plan underfunding and securities valuation. The first essay presents evidence that sell-side stock analysts systematically underreact to pension underfunding information when they forecast firm earnings and such underreaction is...

Persistent link: https://www.econbiz.de/10009455835

A Bayesian analysis of a variance decomposition for stock returns

Hollifield, B.; Koop, G.M.; Li, K. - 2003

We apply Bayesian methods to study a common vector autoregression (VAR)-based approach for decomposing the variance of excess stock returns into components reflecting news about future excess stock returns, future real interest rates, and future dividends. We develop a new prior elicitation...

Persistent link: https://www.econbiz.de/10009459792

Essays on risk aversion, diversification and non-participation

Hibbert, Ann Marie - 2008

in the level of education and finance knowledge, there is evidence that when individuals have the same level of education …, irrespective of their knowledge of finance, women are no more risk-averse than their male counterparts. However, the gender …-sectional analyses suggest that knowledge of finance increases the likelihood that an investor will efficiently allocate his direct …

Persistent link: https://www.econbiz.de/10009460603

Reconsidering public-private partnerships in developing countries

Jomo, K. S.; Chowdhury, Anis - 2009

Where large-scale investments are needed, especially for infrastructure projects, public-private partnerships (PPPs) have been touted as an option. With encouragement by the international financial institutions, PPPs have been promoted in developing countries, especially those facing large...

Persistent link: https://www.econbiz.de/10009481955

Semiparametric Bayesian inference in multiple equation models

Koop, G.M.; Poirier, D.; Tobias, J. - 2005

This paper outlines an approach to Bayesian semiparametric regression in multiple equation models which can be used to carry out inference in seemingly unrelated regressions or simultaneous equations models with nonparametric components. The approach treats the points on each nonparametric...

Persistent link: https://www.econbiz.de/10009484409

Consumo, risparmio, finanza

Modigliani, Franco - 1992

Persistent link: https://www.econbiz.de/10000857412

The logical foundations of constitutional liberty

Buchanan, James M. - 1999

Persistent link: https://www.econbiz.de/10000673070

Public finance in democratic process : fiscal institutions and individual choice

Buchanan, James M. - 1999

Persistent link: https://www.econbiz.de/10000676624

Are credit unions in Ecuador achieving economies of scale?

Marchio, Nick A - 2009

This study tests the assertion that membership growth in credit unions is constrained by their unique structural features, such as their non-profit mission and member-based ownership. Although these features enhance inclusiveness, existing theory suggest that they work against efficiency when...

Persistent link: https://www.econbiz.de/10009429048

Parallel market exchange rates in developing and reforming economies

Arora, Sudeep - 1996

This thesis develops a model of black market for foreign currency that focuses on the interaction of portfolio decisions and the determinants of the net flows of black foreign currency. The model explicitly incorporates foreign exchange restrictions as well as the demands arising from smuggling....

Persistent link: https://www.econbiz.de/10009430375