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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
Basic Research and Applied Research increasingly enter the spotlight of R&D Management theory. Although this branch of … projects as the taking of real as opposed to financial options. This is based on real options theory which is an extension of … well-established applications of option pricing theory in financial markets. So far, the literature on real options is …
Persistent link: https://www.econbiz.de/10009467496
-WOODS - 3. THEORIE DER ZIELZONEN - 4. WECHSELKURSSPEKULATION IM KRUGMAN-MODELL - 5. WECHSELKURSSPEKULATION IN ZIELZONEN ALS … analysed:1. INTRODUCTION - 2. THE DISCUSSION ABOUT TARGET ZONES IN THE POST BRETTON WOODS ERA - 3. TARGET ZONE THEORY - 4 …. EXCHANGE RATE SPECULATION IN THE KRUGMAN MODEL - 5. EXCHANGE RATE SPECULATION IN TARGET ZONES AS A STATIC GAME - 6. EXCHANGE …
Persistent link: https://www.econbiz.de/10009471730
second, it cannot be explained by the subjective expected utility theory. The goal of this thesis is to explore further the … subjective expected utility theory in the dynamic experiment. Several subjects who are classified as ambiguity-neutral in the … Choquet expected utility theory to interpersonal decision problems. We show that, unlike in the subjective expected utility …
Persistent link: https://www.econbiz.de/10009476201
For the past 20 years, practitioner and academic research has highlighted that the performance of companies is linked to staff and management's ways of working, particularly in service-oriented enterprises (A.P. Kakabadse, Savery, Kakabadse, & Lee-Davies, 2006). Yet despite the monumental impact...
Persistent link: https://www.econbiz.de/10009430263
The essays empirically show the impact of investors speculation and disagreements on the returns and trading volume of … volatility speculation. This essay empirically shows that higher retail trading proportions are related to lower delta …
Persistent link: https://www.econbiz.de/10009455359
University of Minnesota Ph.D. dissertation. August 2009. Major: Economics. Advisor: Narayana Kocherlakota. 1 computer file (PDF); iv, 65 pages, appendices A-B.
Persistent link: https://www.econbiz.de/10009462812
This paper presents a study of asset price volatility, correlation trends and market risk-premia. Recent evidence (Campbell 2001) shows an increase in firm-level volatility and a decline of the correlation among stock returns in the US. We find that, in relation to the Euro-Area stock markets,...
Persistent link: https://www.econbiz.de/10009482285
In this thesis I examine, within a behavioural finance framework, the impacton stock prices of order and trade imbalance in three separate but related studies.The first study, chapter two, begins with a question that plagues behavioural financetheories?do the investors most likely to be...
Persistent link: https://www.econbiz.de/10009484216
statistically significant impacts on milk price volatility. While speculation positively affects milk futures markets, the effect …
Persistent link: https://www.econbiz.de/10009444323