Narrow search
Showing 1 - 10 of 82
Cover Image
An Ex-Ante Measure of the Probability of Informed Trading
Popescu, Marius - 2008
The paper develops a new measure for the probability of informed trading, which can be estimated from the observed quotes and depths. This measure (PROBINF) represents the specialist's ex-ante estimate of the probability of informed trading. We find that PROBINF exhibits a strong and robust...
Persistent link: https://www.econbiz.de/10012727148
Cover Image
Two Essays on Momentum and Reversals in Stock Returns
Bhootra, Ajay - 2008
This dissertation consists of two essays. In the first essay, I examine the source of momentum in stock returns. The reversal of momentum returns has been interpreted as evidence that momentum results from delayed overreaction to information. I examine momentum and reversals conditional on...
Persistent link: https://www.econbiz.de/10009433865
Cover Image
Two Essays on Asset Pricing
Hur, Jungshik - 2007
This dissertation consists of two chapters. The first chapter shows that the measurement errors in betas for stocks induce corresponding measurement errors in alphas and a spurious negative covariance between the estimated betas and alphas across stocks. This negative covariance between the...
Persistent link: https://www.econbiz.de/10009433962
Cover Image
Two Essays on Shelf-registered Corporate Equity Offerings
Autore, Don M - 2006
This dissertation consists of two essays. The first provides evidence that the recent revival of shelf equity offers is related to changes in how firms use shelf registration. During 1990-2003 firms that make shelf filings have no immediate intent and low probability of issuance, lower...
Persistent link: https://www.econbiz.de/10009434002
Cover Image
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
Cover Image
Study regarding the fruit growing potential for agritourism in Southern Dobrogea
Popescu, Marius - In: Analele Universitătii Dunărea de Jos Galaţi 24 (2018) 1, pp. 22-27
Persistent link: https://www.econbiz.de/10012028210
Cover Image
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
Cover Image
Does CEO Duality Matter: An Integrative Approach
Kwok, Julia Shuk Ying II - 1998
Some firms allow their CEO to hold the position of Chair of the Board of Directors while other firms choose to split those two positions between two different individuals. This dissertation first examines whether agency control mechanisms, agency problems, and other firm characteristics are...
Persistent link: https://www.econbiz.de/10009433798
Cover Image
Two Essays on Convertible Debt
Bremser, Albert W. - 1997
This dissertation examines two different topics relatedto the issuance of a convertible debt security. The firstessay addresses the question of how managers set theequity value in a convertible debt issue. A convertibledebt security has value derived from an equitycomponent and a debt component....
Persistent link: https://www.econbiz.de/10009433860
Cover Image
Deployment of interpretive structural modeling in barriers to industry 4.0 : a case of small and medium enterprises
Goel, Pankaj; Kumar, Raman; Banga, Harish Kumar; Kaur, … - In: Journal of risk and financial management : JRFM 15 (2022) 4, pp. 1-22
Small and medium enterprises (SMEs) are vital contributors and significant drivers of any manufacturing sector. The Industry 4.0 (I 4.0) revolution has made the global economy highly competitive and automated, requiring Indian SMEs to adapt more quickly. Therefore, this study aimed to identify...
Persistent link: https://www.econbiz.de/10013273034