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This paper analyzes three aspects of over-the-counter (OTC) stocks: (1) the recent trends in the OTC stock market structure and size; (2) the documented properties of OTC stocks; and (3) the differences in returns based on investor and stock characteristics. Approximately 10,000 OTC stocks were...
Persistent link: https://www.econbiz.de/10012977093
The dynamics of news are such that some days are dominated by a single story while others see news outlets reporting on a range of different events. While these large-scale features of news are familiar to many, they are often ignored in settings where they may be important in understanding...
Persistent link: https://www.econbiz.de/10012960411
Objective – The increasing number of companies listed at Indonesia Stock Exchange showed that there are positive growth of capital market in Indonesia. To be sustain in the market, companies need to improve their competitive advantage by optimizing resource utilization such as financial...
Persistent link: https://www.econbiz.de/10012952169
The complex behavior of financial markets emerges from decisions made by many traders. Here, we exploit a large corpus of daily print issues of the Financial Times from 2nd January 2007 until 31st December 2012 to quantify the relationship between decisions taken in financial markets and...
Persistent link: https://www.econbiz.de/10013061319
Financial crises result from a catastrophic combination of actions. Vast stock market datasets offer us a window into some of the actions that have led to these crises. Here, we investigate whether data generated through Internet usage contain traces of attempts to gather information before...
Persistent link: https://www.econbiz.de/10013063944
This paper investigates the effects of each age group in the population on housing prices, the returns on different classes of bonds and the excess returns on equity across countries and over time. Previous empirical research focusing on a single country found a negative effect of the ratio of...
Persistent link: https://www.econbiz.de/10013099660
Understanding correlations in complex systems is crucial in the face of turbulence, such as the ongoing financial crisis. However, in complex systems, such as financial systems, correlations are not constant but instead vary in time. Here we address the question of quantifying state-dependent...
Persistent link: https://www.econbiz.de/10013098531
The paper links finance theory to labor economics and political economy in the context of migration and immigration … policy. Most research treating the impact of immigration has focused on the consequences for employees as measured by wages …) profits as a result of immigration. Using event study analysis, I measure the impact of immigration policy on the profit of …
Persistent link: https://www.econbiz.de/10009308050
While companies have emerged as very proactive donors in the wake of recent major disasters like Hurricane Katrina, it remains unclear whether that corporate generosity generates benefits to firms themselves. The literature on strategic philanthropy suggests that such philanthropic behavior may...
Persistent link: https://www.econbiz.de/10003750045