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Prior research has established that stocks with high dispersion of earningsforecasts or short interest are associated with low subsequent returns. Assumingdispersion of forecasts is a proxy for divergence of opinions and short interest is a proxyfor short selling constraints, these results have...
Persistent link: https://www.econbiz.de/10009465155
. Taking advantage of a unique corporate bond dataset from the National Association of Securities Dealers, this dissertation …
Persistent link: https://www.econbiz.de/10009466212
In the first essay, I examine the impact of the introduction of exchange traded funds (ETFs) options on the information related trading of index options. Two option pairs, NASDAQ 100 index (NDX) and ETF (QQQ, currently QQQQ ) options, and Standard and Poor's 500 index (SPX) options and S & P...
Persistent link: https://www.econbiz.de/10009468618
In the first essay, I examine the impact of the introduction of exchange traded funds (ETFs) options on the information related trading of index options. Two option pairs, NASDAQ 100 index (NDX) and ETF (QQQ, currently QQQQ ) options, and Standard and Poor's 500 index (SPX) options and S & P...
Persistent link: https://www.econbiz.de/10009451105
This dissertation investigates whether short sellers establish short positions prior to accounting restatement announcements and whether the levels of short interest are related to the severity of restatements. Using 565 firms with restatement disclosure during the period of 1995 to 2002 and...
Persistent link: https://www.econbiz.de/10009465032
This dissertation examines several research questions relating to securitization by non-financial firms. Finance theories suggest securitization is most beneficial when there is high demand for liquidity. On the other hand, empirical studies have shown that firms engage in securitization to...
Persistent link: https://www.econbiz.de/10009431423
Prior evidence suggests that stock price declines are the main driver for filing securities class action lawsuits and …
Persistent link: https://www.econbiz.de/10009462932
Typescript (photocopy).
Persistent link: https://www.econbiz.de/10009472143
knowledge, has investigated the reasons why higher rated securities recover more than lower rated securities in the event of … default. Specifically, this paper will empirically investigate why securities originally rated investment grade, fallen angels …, recover more than securities originally rated high yield in the event of default. …
Persistent link: https://www.econbiz.de/10009474969
medium companies, creation of new stock company transformed Lithuanian economy. The stock companies appeared, securities … role fell on securities under modern market economic conditions. The objective of this work is to clear up what is it the … securities, how they are divided and to evaluete the market of Lithuanian stock.The main tasks of this work are to explore what …
Persistent link: https://www.econbiz.de/10009478188