Three Essays on Stock Market SeasonalityHyung-Suk Choi136 pagesDirected by Dr. Cheol S. EunIn chapter 1, we examine seasonality in returns to style portfolios, which serve as important benchmarks for asset allocation, and investigate its implications for investment. In doing so, we consider...

This paper examines the impact of job changes by prominent investment bankers on the M&A and equity market shares of investment banks. Using a hand-collected sample of job changes between 1998 and 2006, we find that after controlling for deal and bank-level characteristics, hiring a banker from...

This paper examines the impact of investment banker job changes on the Mamp;A and equity market shares of investment banks. Using a unique sample of job changes between 1998 and 2004, we find, on average, that the bank losing the banker experiences a negative and significant decrease in its...

We reexamine the role of option markets in the reversal process of stock prices following stock price declines of 10 percent or more. We randomly select a matched-pair of optionable and non-optionable firms when their price declines of 10 percent or more on the same date. We examine the 1,443...