The Brazilian economy is one of the fastest growing economies in the world and is currently the sixth largest. A contributing factor to recent growth is the reconstruction of the economy specifically privatization of the banking sector during the 1980s. My analysis will examine the effects of...

Past works have documented the predictive power of short-term stock return momentum and option volume ratios for future stock returns. We find option volume ratios have greater power to predict future returns when evidence prices are out of equilibrium exists, proxied for by increases in implied...

The BP Deepwater Horizon drilling rig exploded on April 20, 2010, leading to an unprecedented environmental and financial disaster. This paper details responses in the financial markets for BP securities, including stock, bonds, options, and credit default swaps. Following the disaster BP shares...

The British Petroleum (BP) Deepwater Horizon drilling rig exploded in the Gulf of Mexico on April 20, 2010, leading to an unprecedented environmental and financial disaster. This paper details responses in the financial markets for BP securities, including ADRs, bonds, options, and credit...

The structure of a firm-commitment Seasoned Equity Offering (SEO) resembles a put option underwritten by an investment bank syndicate. Employing implied volatilities from issuers' stock options as a direct forward-looking measure, this paper examines the impact of expected price risk on the...

In 2018 a currency crisis occurred in Turkey, accompanied by varied and differential trading amongst investors. We classify investors as foreign or local investors as well as individual or institutional and examine trading behavior and associated returns leading up to, during and after the...

This study explores the time series variability of the Stambaugh et al. (2012) aggregate mispricing score as well as its eleven individual components. We find that the predictive power of the mispricing score for future stock returns improves significantly when the mispricing score has been more...