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Author : Allan William Kleidon
Publisher :
ISBN 13 :
Total Pages : 52 pages
Book Rating : 4.0/5 ( download)
Download or read book Effects of Geography and Stock-market Structure written by Allan William Kleidon and published by . This book was released on 1995 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Krzysztof Jajuga
Publisher : Springer
ISBN 13 : 3319762281
Total Pages : 247 pages
Book Rating : 4.3/5 (197 download)
Download or read book Contemporary Trends and Challenges in Finance written by Krzysztof Jajuga and published by Springer. This book was released on 2018-04-27 with total page 247 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume includes a selection of the contributions presented at the Wroclaw conference in Finance, covering a wide range of topics in the area of finance. The articles reflect the extent, diversity and richness of research areas in the field. Discussing both fundamental and applied finance, it offers a detailed analysis of current financial-market problems including specifics of Polish and Central European markets. It also examines the results of advanced financial modeling. These proceedings are a valuable resource for researchers in universities and research and policy institutions, graduate students and practitioners in economics, finance and international economics in both private and government institutions.
Author : Jeffrey R. Brown
Publisher :
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.:/5 (129 download)
Download or read book Neighbors Matter written by Jeffrey R. Brown and published by . This book was released on 2008 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides direct evidence of a causal link between the stock market participation of individuals and that of the other members of the community in which they reside. We first establish the presence of a robust positive correlation between the probability that an individual owns stock and the level of stock market participation of one's community, as measured by reporting dividend income on tax returns. We also show that conditional on owning stock, an individual is likely to own more (relative to income) when community ownership is higher. These results are robust to a wide range of individual and community controls, including measures of the importance of local firms (which have large independent effects), and specification checks to ensure that the relation is not driven solely by ownership of stock of one's employer. We then provide evidence that this community effect is at least partially driven by word of mouth by showing that the effect is stronger in more sociable communities. To demonstrate causality, we employ a novel instrumental variables strategy that uses the stock ownership rates of the non-local parents of one's local peers to instrument for community ownership. Further, we also control for heterogeneity in risk preferences by including individual-level fixed effects. We conclude that a ten percentage-point increase in equity market participation of the members of one's community makes it four to five percentage points more like the individual will invest in stocks. We also provide estimates of a direct parental effect, as well as suggestive evidence that one's home state may have lasting effects on one's stock market participation.
Author : Richard O'Brien
Publisher :
ISBN 13 :
Total Pages : 138 pages
Book Rating : 4.3/5 (512 download)
Download or read book Global Financial Integration written by Richard O'Brien and published by . This book was released on 1992 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Jeffrey R. Brown
Publisher :
ISBN 13 :
Total Pages : 43 pages
Book Rating : 4.:/5 (12 download)
Download or read book The Geography of Stock Market Participation written by Jeffrey R. Brown and published by . This book was released on 2004 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This paper is the first to investigate the importance of geography in explaining equity market participation. We provide evidence to support two distinct local area effects. The first is a community ownership effect, that is, individuals are influenced by the investment behavior of members of their community. Specifically, a ten percentage-point increase in equity market participation of the members of one's community makes it two percentage points more likely that the individual will invest in stocks. We find further evidence that the influence of community members is strongest for less financially sophisticated households and strongest within peer groups' as defined by age and income categories. The second is that proximity to publicly-traded firms also increases equity market participation. In particular, the presence of publicly-traded firms within 50 miles and the share of U.S. market value headquartered within the community are significantly correlated with equity ownership of individuals. These results are quite robust, holding up in the presence of a wide range of individual and community controls, instrumental variables estimation, the inclusion of individual fixed effects, and specification checks to rule out that the relations are driven solely by ownership of the stock of one's employer"--National Bureau of Economic Research web site
Author :
Publisher :
ISBN 13 :
Total Pages : 64 pages
Book Rating : 4.3/5 (121 download)
Download or read book The Geography of Stock Market Participation written by and published by . This book was released on 2004 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Robert M. Adams
Publisher :
ISBN 13 :
Total Pages : 58 pages
Book Rating : 4.E/5 ( download)
Download or read book The Effects of Local Banking Market Structure on the Banking-lending Channel of Monetary Policy written by Robert M. Adams and published by . This book was released on 2005 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: "We study the relationship between banking competition and the transmission of monetary policy through the bank lending channel. Using business small loan origination data provided from the Community Reinvestment Act from 1996-2002 in our analysis, we are able to reaffirm the existence of the bank lending channel of monetary transmission. Moreover, we find that the impact of monetary policy on loan originations is weaker in more concentrated markets"--Abstract.
Author : Paul A. Smith
Publisher :
ISBN 13 :
Total Pages : 45 pages
Book Rating : 4.:/5 (129 download)
Download or read book The Geography of Stock Market Participation written by Paul A. Smith and published by . This book was released on 2008 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper is the first to investigate the importance of geography in explaining equity market participation. We provide evidence to support two distinct local area effects. The first is a community ownership effect, that is, individuals are influenced by the investment behavior of members of their community. Specifically, a ten percentage-point increase in equity market participation of the members of one's community makes it two percentage points more likely that the individual will invest in stocks. We find further evidence that the influence of community members is strongest for less financially sophisticated households and strongest within quot;peer groupsquot; as defined by age and income categories. The second is that proximity to publicly-traded firms also increases equity market participation. In particular, the presence of publicly-traded firms within 50 miles and the share of U.S. market value headquartered within the community are significantly correlated with equity ownership of individuals. These results are quite robust, holding up in the presence of a wide range of individual and community controls, instrumental variables estimation, the inclusion of individual fixed effects, and specification checks to rule out that the relations are driven solely by ownership of the stock of one's employer.
Author : Dariusz Wójcik
Publisher : OUP Oxford
ISBN 13 : 0191618772
Total Pages : 224 pages
Book Rating : 4.1/5 (916 download)
Download or read book The Global Stock Market written by Dariusz Wójcik and published by OUP Oxford. This book was released on 2011-05-26 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why do some companies stay out of stock markets? How crucial are stock markets for competition between financial centres? How can local information help investors outperform the market? Whilst mainstream financial economics treats stock markets as consisting of anonymous actors interacting in space, with no consideration of the friction caused by distance or geography, this book offers a comprehensive and up-to-date picture of the global stock market by focusing on the relationships between issuers, investors, and intermediaries, and how these relationships impact on the performance of stock markets and the economy of cities, countries, and the world. The book uses rich data and global case studies to examine the rise of emerging markets, the impact of the global financial crisis, the revolution in the stock exchange business model, and the continued dominance of London and New York as stock market centres. Drawing on economic geography, financial economics, sociology, history, and globalization studies, the book explores the geographical constitution and footprint of stock markets and contributes to the broader debate on the role of stock markets in the global economy. Its conclusions are relevant to investors, companies issuing stocks, exchanges, analysts, investment banks, and policy-makers.
Author : Dariusz Wójcik
Publisher : Oxford University Press
ISBN 13 : 0199592187
Total Pages : 219 pages
Book Rating : 4.1/5 (995 download)
Download or read book The Global Stock Market written by Dariusz Wójcik and published by Oxford University Press. This book was released on 2011-05-26 with total page 219 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book uses rich data and global case studies to examine the rise of emerging markets, the impact of the global financial crisis, the revolution in the stock exchange business model, and the continued dominance of London and New York as stock market centres.
Author :
Publisher :
ISBN 13 :
Total Pages : 23 pages
Book Rating : 4.:/5 (17 download)
Download or read book Measuring the Effects of Geographical Distance on Stock Market Correlation written by and published by . This book was released on 2009 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Gordon L. Clark
Publisher : OUP Oxford
ISBN 13 : 0191526665
Total Pages : 272 pages
Book Rating : 4.1/5 (915 download)
Download or read book The Geography of Finance written by Gordon L. Clark and published by OUP Oxford. This book was released on 2007-05-03 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Geography of Finance tackles crucial issues regarding the emerging global market for corporate governance. The authors describe and explain the transformation of European corporate governance in the light of the imperatives driving global financial markets, using an innovative analytical framework. The authors chart the response of corporate managers to the interest of global portfolio managers in transparent and accountable modes of corporate governance. In doing so, the authors provide an innovative perspective on a rapidly changing environment; and a challenge to those who ignore the gathering momentum of global financial markets.
Author : Steven Brakman
Publisher : Cambridge University Press
ISBN 13 : 110841849X
Total Pages : 523 pages
Book Rating : 4.1/5 (84 download)
Download or read book An Introduction to Geographical and Urban Economics written by Steven Brakman and published by Cambridge University Press. This book was released on 2019-12-12 with total page 523 pages. Available in PDF, EPUB and Kindle. Book excerpt: This up-to-date third edition provides an accessible introduction to urban and geographical economics using real world examples and key models.
Author : Robin Flowerdew
Publisher : Routledge
ISBN 13 : 1317355571
Total Pages : 295 pages
Book Rating : 4.3/5 (173 download)
Download or read book Institutions and Geographical Patterns written by Robin Flowerdew and published by Routledge. This book was released on 2015-12-22 with total page 295 pages. Available in PDF, EPUB and Kindle. Book excerpt: An increasing amount of work in many aspects of human geography is concerned with the effects caused by different types of institutions. Included in this book, originally published in 1982, is material from Britain, Ameican and Europe and it is shown that differences in institutional powers in these places, especially those vested in the State, relate directly to their own particular urban and environmental policies and problems. Each chapter, written by an expert on this subject, considers key institutions in a number of fields and draws conclusions about how this ‘institutionalist’ approach can be used by geographers.
Download or read book Measuring the Effects of Geographical Distance on Stock Market Correlation written by and published by . This book was released on 2009 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Steven Brakman
Publisher : Cambridge University Press
ISBN 13 : 9780521779678
Total Pages : 378 pages
Book Rating : 4.7/5 (796 download)
Download or read book An Introduction to Geographical Economics written by Steven Brakman and published by Cambridge University Press. This book was released on 2001-12-06 with total page 378 pages. Available in PDF, EPUB and Kindle. Book excerpt: The need for a better understanding of the role location plays in economic life was first and most famously made explicit by Bertil Ohlin in 1933. However it is only recently, with the development of computer packages able to handle complex systems, as well as advances in economic theory (in particular an increased understanding of returns to scale and imperfect competition), that Ohlin s vision has been met and a framework developed which explains the distribution of economic activity across space. This book is an integrated, non-mathematical, first-principles textbook presenting geographical economics to advanced students. Never avoiding advanced concepts, its emphasis is on examples, diagrams, and empirical evidence, making it the ideal starting point prior to monographic and journal material. Contains copious computer simulation exercises, available in book and electronic format to encourage learning and understanding through application. Uses case study material from North America, Europe, Africa and Australasia.
Author : Jean-Paul Rodrigue
Publisher : Routledge
ISBN 13 : 1136777326
Total Pages : 432 pages
Book Rating : 4.1/5 (367 download)
Download or read book The Geography of Transport Systems written by Jean-Paul Rodrigue and published by Routledge. This book was released on 2013-07-18 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt: Mobility is fundamental to economic and social activities such as commuting, manufacturing, or supplying energy. Each movement has an origin, a potential set of intermediate locations, a destination, and a nature which is linked with geographical attributes. Transport systems composed of infrastructures, modes and terminals are so embedded in the socio-economic life of individuals, institutions and corporations that they are often invisible to the consumer. This is paradoxical as the perceived invisibility of transportation is derived from its efficiency. Understanding how mobility is linked with geography is main the purpose of this book. The third edition of The Geography of Transport Systems has been revised and updated to provide an overview of the spatial aspects of transportation. This text provides greater discussion of security, energy, green logistics, as well as new and updated case studies, a revised content structure, and new figures. Each chapter covers a specific conceptual dimension including networks, modes, terminals, freight transportation, urban transportation and environmental impacts. A final chapter contains core methodologies linked with transport geography such as accessibility, spatial interactions, graph theory and Geographic Information Systems for transportation (GIS-T). This book provides a comprehensive and accessible introduction to the field, with a broad overview of its concepts, methods, and areas of application. The accompanying website for this text contains a useful additional material, including digital maps, PowerPoint slides, databases, and links to further reading and websites. The website can be accessed at: http://people.hofstra.edu/geotrans This text is an essential resource for undergraduates studying transport geography, as well as those interest in economic and urban geography, transport planning and engineering.
