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Return Predictability Conditional on the Characteristics of Information Signals

Pritamani, Mahesh - 1999

This dissertation examines whether simultaneously conditioning on themultidimensional characteristics of information signals can help predict returnsthat are of economic significance. We use large price changes, publicannouncements, and large volume increases to proxy for the...

Persistent link: https://www.econbiz.de/10009434028

Two Essays on Ownership and Market Characteristics

Chen, Honghui - 1999

Theoretical models suggest that ownership structure may be an important determinant of securities' market characteristics. For example, the presence of informed traders leads to greater bid-ask spreads (Copeland and Galai (1983), and Glosten and Milgrom (1985)), and strategic trading of informed...

Persistent link: https://www.econbiz.de/10009434106

Internal Control Mechanisms and Forced CEO Turnover: An Empirical Investigation

Jagannathan, Murali - 1996

The dissertation empiricallyexamines the efficacy of internalcontrol mechanisms by analyzing 94forced turnovers of chief executiveofficers (CEOs). It seeks to answertwo primary questions: One, dogovernance-related characteristicsinfluence the promptness with whichpoorly-performing CEOs...

Persistent link: https://www.econbiz.de/10009434130

OPTIMAL BOND REFUNDING: EVIDENCE FROM THE MUNICIPAL BOND MARKET

Priyadarshi, Samaresh - 1997

<HTML><HEAD><META HTTP-EQUIV="Content-Type" CONTENT="text/html; charset=windows-1252"></HEAD><BODY><FONT FACE="Book Antiqua"><P ALIGN="JUSTIFY">This dissertation empirically examines refunding decisions employed by issuers of tax-exempt bonds. Callable bonds contain embedded call options by virtue of provisions in bond indentures that permit the issuing firm to buy back the bond at a predetermined strike price. Such an embedded American...</p></font></body></head></html>

Persistent link: https://www.econbiz.de/10009434140

Money, credit and finance: National, regional and global dimensions

O'Hara, Phillip - 2009

the role of uncertainty in complex capital investments plus the role of endogenous finance and taxes-drive money. These … approaches complement each other while they all centre on the core contradiction of industry versus finance and the need for a … dynamic, circuitous vision of finance capitalism (Lavoie 1992). …

Persistent link: https://www.econbiz.de/10009434804

The long-run relationship between stock indices and economic factors in the ASE: an empirical study between 1989 and 2006

Spyridis, Theodoros; Sevic, Zeljko; Theriou, Nikolaos - 2010

The present paper is focused on the examination of long-run relationships between specific stock indices and a number of economic factors in the Athens Stock Exchange (ASE) during the period between 1989 and 2006. After a theoretical and empirical review of unit root and cointegration analysis...

Persistent link: https://www.econbiz.de/10009435328

Intellectual capital and business performance: an empirical study for the Greek listed companies

Maditinos, Dimitrios; Sevic, Zeljko; Tsairidis, Charalampos - 2010

The aim of this study is to empirically examine the four elements of intellectual capital (human capital, customer capital, structural capital and innovation capital) and their relationship with business performance in the Athens Stock Exchange (ASE). This study was conducted based on a...

Persistent link: https://www.econbiz.de/10009435329

Comparative analysis of corporate risk management practices in Croatian and Slovenian companies

Sprcic, Danijela Milos; Sevic, Zeljko - 2008

The paper explores differences as well as commonalities in corporate risk management practices and risk exposures in the large non-financial Slovenian and Croatian companies. Comparative analysis of survey results have revealed that the majority of analysed companies in both Croatia and Slovenia...

Persistent link: https://www.econbiz.de/10009435330

Measuring the impact of natural disasters on capital markets: An empirical application using intervention analysis

Worthington, Andrew C.; Valadkhani, Abbas - 2004

This paper examines the impact of natural disasters on the Australian equity market. The data set employed consists of daily price and accumulation returns over the period 31 December 1982 to 1 January 2002 for the All Ordinaries Index (AOI) and a record of forty-two severe storms, floods,...

Persistent link: https://www.econbiz.de/10009437448

Losing Sleep At The Market: An Empirical Note On The Daylight Saving Anomaly In Australia

Worthington, Andrew C. - 2003

The ‘daylight saving effect’ predicts that the mean weekend return following the spring and fall/autumn changes in daylight saving time is less than the mean weekend return throughout the rest of the year. With this market anomaly, the change in market participants’ behaviour is linked...

Persistent link: https://www.econbiz.de/10009437465