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Emerging countries stock markets: An analysis using an extension of the three-factor CAPM

D Souza, Mario Innocent - 2002

The stock markets of India and South Korea became partially liberalized in 1992. Has this liberalization led to stock market efficiency? The overall goal of this paper is to test if the stock markets in these two countries have become truly informationally efficient in the Fama sense. A...

Persistent link: https://www.econbiz.de/10009440679

Hyperbolic utility consumption-CAPM with time variation

Hong, Seung-Mo Jeff - 2000

In the past the studies done about consumption and the financial market generally produced results that would only work to discount the credibility of consumption-based asset pricing models. This study was motivated by the idea that a model based on hyperbolic utility risk aversion mechanism...

Persistent link: https://www.econbiz.de/10009440708

Comparing and combining public corporate default risk measures: An empirical approach

Yu, Naiping - 2006

This dissertation is intended to provide an overview of existing default risk measures for public companies from both theoretical and conceptual perspectives. Risk measures have been collected, examined and summarized into four categories: (1) measures based upon financial statements;...

Persistent link: https://www.econbiz.de/10009440720

Volatility trading: Hedge funds and the search for alpha (new challenges to the efficient markets hypothesis)

Marshall, Cara Marie - 2009

This thesis examines the pricing of volatility on organized U.S. options exchanges from October 31, 2005 through November 1, 2007. The research is motivated in part by the rapid growth of hedge funds that trade volatility and in part by the growing importance that the financial markets place on...

Persistent link: https://www.econbiz.de/10009440770

Global finance and the German model: German corporations, market incentives, and the management of employer-sponsored pension institutions

Clark, Gordon L.; Mansfield, Daniel; Tickell, Adam - 2002

finance has put enormous pressure on national economic, political and social institutions. Furthermore, the looming crisis … of stakeholder capitalism is changing rapidly, at least in the sphere of large firms and global finance. …). 'Global finance and the German model: German corporations, market incentives, and the management of employer-sponsored pension …

Persistent link: https://www.econbiz.de/10009441380

London in the European financial services industry: locational advantage and product complementarities

Clark, Gordon L. - 2002

If its prospects were doubted in the early 1990s, London is now the pre-eminent international financial centre. It dominates its European rivals and is joined with New York and Tokyo in a non-stop reciprocal global embrace. Whereas some analysts approach this topic concentrating on the nature...

Persistent link: https://www.econbiz.de/10009441382

Geographically dispersed ownership and inter-market stock price arbitrage - Ahold's crisis of corporate governance and its implications for global standards

Clark, Gordon L.; Wójcik, Dariusz; Bauer, Rob - 2006

Scandals of corporate governance in the United States and Europe in the aftermath of the TMT bubble captured the public imagination. In play were the interests of senior executives in relation to investors, prompting debate over countries' standards of corporate governance in the global market...

Persistent link: https://www.econbiz.de/10009441383

Exit, the firm and sunk costs: re-conceptualising the corporate geography of disinvestment and plant closure

Clark, Gordon L.; Wrigley, Neil - 1997

the evolving world of corporate finance, corporate governance and capital specificity. These are important matters for …

Persistent link: https://www.econbiz.de/10009441385

Emergent frameworks in global finance: accounting standards and German supplementary pensions

Clark, Gordon L.; Mansfield, Daniel; Tickell, Adam - 2001

. & Tickell, A. (2001). 'Emergent frameworks in global finance: accounting standards and German supplementary pensions', Economic …

Persistent link: https://www.econbiz.de/10009441391

Financial valuation of the German model: the negative relationship between ownership concentration and stock market returns, 1997-2001

Clark, Gordon L.; Wójcik, Dariusz - 2005

Believed to be a robust alternative to Anglo-American market capitalism, the virtues of the German model are increasingly disputed as doubts are raised about its long-term prospects. At the core of the German model is a system of corporate governance that is characterized by concentrated...

Persistent link: https://www.econbiz.de/10009441392