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Essays on asset pricing and financial econometrics

Kang, Qiang - 2002

The dissertation is focused on studying the behavior of aggregate asset market and its relationship to real economic activity. Chapter 1 offers a new empirical perspective on the relationship between the conditional mean and volatility of stock returns. Chapter 2 builds a general equilibrium...

Persistent link: https://www.econbiz.de/10009438918

Some financial implications of United States pension actuarial methods and assumptions

Gold, Jeremy - 2000

management while ignoring and contradicting contemporaneous developments in finance. This has distorted the accounting, tax and … finance lessons of Black (1980) and Tepper (1981) to "cash balance" pension plans, concluding that these plans can best serve … investing and smooth away the risks incurred without causing bias. Modern finance may correct this and inform future actuarial …

Persistent link: https://www.econbiz.de/10009439129

Hyperbolic utility consumption-CAPM with time variation

Hong, Seung-Mo Jeff - 2000

In the past the studies done about consumption and the financial market generally produced results that would only work to discount the credibility of consumption-based asset pricing models. This study was motivated by the idea that a model based on hyperbolic utility risk aversion mechanism...

Persistent link: https://www.econbiz.de/10009440708

International financial networks and global supply chains: A unified framework for decision-making, optimization, and risk management

Cruz, Jose M - 2004

electronic transactions. I utilized tools from both management science and finance to identify the commonality in the structures …

Persistent link: https://www.econbiz.de/10009467759

Social interaction and economic institution

Park, Yongjin - 2004

borrowing firms, banks may increase the number of firms they initially finance by offering lower loan rates. At the same time …

Persistent link: https://www.econbiz.de/10009467803

Financial liberalization and its distributional consequences: An empirical exploration

Jayadev, Arjun - 2005

Although there has been growing interest in the social impacts of financial deregulation in economies across the world, a large research gap persists. Despite voluminous literature, there has been very little empirical work addressing the distributional consequences of a liberal financial...

Persistent link: https://www.econbiz.de/10009468048

Ladder to development? Foreign direct investment, spillovers, and the governance in a global economy

Zarsky, Lyuba - 2006

This dissertation probes the interface between foreign direct investment (FDI) and sustainable industrial development in the context of the neo-liberal institutions governing the global economy. Comprised of three essays, it defines sustainable industrial development as simultaneous evolution...

Persistent link: https://www.econbiz.de/10009468093

Three essays on China's state owned enterprises: Towards an alternative to privatization

Li, Minqi - 2002

A common theme in the analysis of the contemporary Chinese economy is that the Chinese state owned enterprises fail to operate efficiently because of ambiguous property rights, soft budget constraints, and government intervention. These authors advocate an economic reform program based on...

Persistent link: https://www.econbiz.de/10009468199

Essays on the emergence of captive finance companies and risk segmentation of the consumer loan market: Theory and evidence

Chong, Byung-Uk - 2004

finance company for expanding the sales by offering loans to consumers who need financing for purchase of durable good. The … model presents that each captive finance company will set a more lenient credit standard than that of a bank, leading to the … captive finance company examined in Essay 1, Essay 2 examines risk segmentation of consumer loan market by banks and captive …

Persistent link: https://www.econbiz.de/10009430522

A financial model for measuring hotel performance

Horton, Brett William - 1999

The purpose of this study was to develop a hotel performance model using structural equation modeling. All hotel firms with a SIC code of 70, with available data for 1996, were used. A total of 106 hotel, hotel and gaming, and hotel conglomerates were included in this study. A model was proposed...

Persistent link: https://www.econbiz.de/10009430604