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Stock Market Liquidity and Innovation Activity

Vo, Lai Van - 2014

This paper investigates the effects of aggregate stock market liquidity on innovation at both aggregate and firm levels … mechanisms through which aggregate stock liquidity enhances innovation. First, high stock market liquidity reduces the cost of … equity and finance their innovation. Second, high stock market liquidity generates high firm valuation and reduces …

Persistent link: https://www.econbiz.de/10013062771

Growth, Profits and Technological Choice : The Case of the Lancashire Cotton Textile Industry

Toms, Steve - 2014

Using Lancashire textile industry company case studies and financial records, mainly from the period just before the First World War, the processes of growth and decline are re-examined. These are considered by reference to the nature of Lancashire entrepreneurship and the impact on...

Persistent link: https://www.econbiz.de/10014187191

Recreating the South Sea Bubble : Lessons from an Experiment in Financial History

Giusti, Giovanni - 2014

Major bubble episodes are rare events. In this paper, we examine what factors might cause some asset price bubbles to become very large. We recreate, in a laboratory setting, some of the specific institutional features investors in the South Sea Company faced in 1720. Several factors have been...

Persistent link: https://www.econbiz.de/10013056391

Recreating the South Sea bubble : lessons from an experiment in financial history

Giusti, Giovanni; Noussair, Charles; Voth, Hans-Joachim - 2014

Persistent link: https://www.econbiz.de/10010359796

What moved share prices in the nineteenth-century London stock market?

Campbell, Gareth; Quinn, William; Turner, John D.; Ye, Qing - 2015

Using a new weekly blue-chip index, this paper investigates the causes of stock price movements on the London market between 1823 and 1870. We find that economic fundamentals explain about 15 per cent of weekly and 34 per cent of monthly variation in share prices. Contemporary press reporting...

Persistent link: https://www.econbiz.de/10011326615