Read Books Online and Download eBooks, EPub, PDF, Mobi, Kindle, Text Full Free.
Download 3 Essays In Empirical Financial Economics full books in PDF, epub, and Kindle. Read online 3 Essays In Empirical Financial Economics ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Author : Tse-Chun Lin
Publisher : Rozenberg Publishers
ISBN 13 : 9036101514
Total Pages : 146 pages
Book Rating : 4.0/5 (361 download)
Download or read book Three essays on empirical finance written by Tse-Chun Lin and published by Rozenberg Publishers. This book was released on 2009 with total page 146 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Terence Meng-Jake Lim
Publisher :
ISBN 13 :
Total Pages : 298 pages
Book Rating : 4.:/5 (411 download)
Download or read book 3 Essays in Empirical Financial Economics written by Terence Meng-Jake Lim and published by . This book was released on 1998 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Yucheng Jiang
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (139 download)
Download or read book Essays on Empirical Monetary and Financial Economics written by Yucheng Jiang and published by . This book was released on 2016 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Marek Kolar
Publisher :
ISBN 13 :
Total Pages : 362 pages
Book Rating : 4.3/5 (129 download)
Download or read book Three Empirical Essays in Financial Economics and International Finance written by Marek Kolar and published by . This book was released on 2008 with total page 362 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (884 download)
Download or read book Three Essays in Financial Economics written by and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation contains three essays in financial economics. In Chapter 1, motivated by the phenomenon that momentum profits vary substantially across different market states, I develop a model to connect market states and momentum profits, and test the model's empirical implications. The model applies the mechanism of overconfidence and self-attribution bias into a setting of multiple risky assets with correlated payoffs. The model generates a set of implications regarding the relation between market states and returns on the winner, loser, and momentum portfolios. These implications are consistent with empirical patterns in the literature and those newly documented in this chapter. Overall, this chapter unifies momentum, negative momentum profits under certain market states, and long-run reversals. In Chapter 2, I examine the strategic role of cash in industries with significant R&D, and the variation of cash holdings and R&D intensity across such industries. In the model, firms compete to innovate but must also finance to bring innovations to the market. The first successful launcher of a new product enjoys an advantage. Outside financing takes time. Cash holdings, R&D intensity, and industry concentration are determined endogenously in equilibrium. Both cash holdings and R&D intensity increase with the winner's advantage and time delay in outside financing, and decrease with entry costs. Empirical patterns of industry cash holdings and R&D intensity support the model predictions. In Chapter 3, I document that the TED spread is a significant negative predictor of value premium. Over 1990 to 2011, a 1% increase in lagged TED spread predicts a 3.3% decrease of CAPM-adjusted value premium, with an R-squared value of 8.2%. I then argue that this finding is consistent with the mechanism that equity expected returns become lower under tighter credit conditions through shareholders' strategic default. I incorporate this mechanism into a simple model of a levered firm and derive more testable hypotheses. Consistent with these hypotheses, I further find that the negative relationship between value premium and lagged TED spread comes mainly from value stocks, stocks with lower credit ratings, stocks with lower cash flows, and stocks with higher shareholders' bargaining power and higher liquidation costs.
Author : Xiaoying Xie
Publisher :
ISBN 13 :
Total Pages : 282 pages
Book Rating : 4.F/5 ( download)
Download or read book Essays in Empirical Financial Economics written by Xiaoying Xie and published by . This book was released on 2006 with total page 282 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Biplab K. Ghosh
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (436 download)
Download or read book Three Essays in Financial Economics written by Biplab K. Ghosh and published by . This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Jean-Noël Barrot
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (867 download)
Download or read book Essays in Empirical Financial Economics written by Jean-Noël Barrot and published by . This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation is made of four distinct chapters. In the first chapter, I consider an exogenous restriction on the ability of French trucking firms to extend payment terms to their clients. I find that they provide trade credit at the cost of lower investment, lower return on assets, and higher default risk. In the second chapter, I show that private equity funds with a longer horizon select younger companies at an earlier stage of their development. Companies which receive funding from funds with a longer horizon increase their patent stock significantly more than companies which receive funding from investors with a shorter horizon. The third chapter presents a joint work with Ron Kaniel and David Sraer. We use detailed brokerage account data to provide a quantitative exploration of the behavior of retail investors during the financial crisis of 2008. We show that investors who appear more sophisticated on these dimensions in the pre-crisis period were, in the post-crisis period, less likely to flee to safety, more likely to engage in liquidity provisions and to earn higher returns. In the fourth chapter, I develop the idea that households have an imprecise knowledge of their portfolio's exposure to systematic risk and that this leads them to make investment mistakes. This idea is tested in the context of the decision to actively trade rather than passively invest in the stock market.
Author : Mohammad Izadi
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (145 download)
Download or read book Essays on Empirical Financial Economics written by Mohammad Izadi and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Sven Michael Spira
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (897 download)
Download or read book Essays in Empirical Financial Economics written by Sven Michael Spira and published by . This book was released on 2014 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This dissertation consists of four distinct chapters.The first chapter presents the joint work with Christophe Spaenjers.We find that individuals with longer subjective life horizons hold higher conditional equity shares, and the effect of a shortening life horizon on portolio choice is offset by bequest motives. In the second chapter,I examine the explanatory power of birth order to financial household decisions. I show that firstborns differ in their financial decision-making from later born siblings. The results highlight the importance of personal family experiences for household choices. In the third chapter,I document that, in surveys, the presence of companions decreases the probability of respondents replying, and increases the probability of respondents overreporting their self-assessed abilities. The overreporting leads to a downward bias in the estimates of the importance of overconfidence for individuals' behavior. The fourth chapter presents joint work with Thomas Bourveau and François Brochet. We identify M&A lawsuits, where plaintiffs allege that the firm hid poor performance related to prior acquisition. Using the filing of a lawsuit as an industry shock, we show findings consistent with a disciplining effect from the lawsuit for the investment behavior of peer firms' managers.
Author : Canlin Li
Publisher :
ISBN 13 :
Total Pages : 143 pages
Book Rating : 4.:/5 (244 download)
Download or read book Essays in Financial Economics and Econometrics written by Canlin Li and published by . This book was released on 2002 with total page 143 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Lily Xiaoli Qiu
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (572 download)
Download or read book Three Essays in Financial Economics written by Lily Xiaoli Qiu and published by . This book was released on 2004 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Rajiv Sobti
Publisher :
ISBN 13 :
Total Pages : 190 pages
Book Rating : 4.:/5 (244 download)
Download or read book Three Essays in Financial Economics written by Rajiv Sobti and published by . This book was released on 1984 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Jose Vicente Martinez
Publisher :
ISBN 13 :
Total Pages : 294 pages
Book Rating : 4.:/5 (123 download)
Download or read book Three Essays in Financial Economics written by Jose Vicente Martinez and published by . This book was released on 2006 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Henrik Degrér
Publisher :
ISBN 13 :
Total Pages : 156 pages
Book Rating : 4.E/5 ( download)
Download or read book Empirical Essays on Financial Economics written by Henrik Degrér and published by . This book was released on 2004 with total page 156 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Kap-Soo Oh
Publisher :
ISBN 13 :
Total Pages : 164 pages
Book Rating : 4.:/5 (244 download)
Download or read book Three Essays in Financial Economics written by Kap-Soo Oh and published by . This book was released on 1986 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Dexin Zhou
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (139 download)
Download or read book Three Essays on Financial Economics written by Dexin Zhou and published by . This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
