Overview of Investigation
... Momentum: A Fourth Factor • The original Fama-French model augmented with a momentum factor has become a common four-factor model used to evaluate abnormal performance of a stock portfolio. • Winners minus losers (WML)winners/losers based on past returns. ...
... Momentum: A Fourth Factor • The original Fama-French model augmented with a momentum factor has become a common four-factor model used to evaluate abnormal performance of a stock portfolio. • Winners minus losers (WML)winners/losers based on past returns. ...
PDF
... Chakrabarty and Chaudhuri (2001:9) found that even if credit allocation in the rural sector is at a subsidized rate, the benefit of the subsidy is extracted by moneylenders. Cooperatives, whether formed exclusively for credit, agricultural or marketing purposes, also intervene in facilitating access ...
... Chakrabarty and Chaudhuri (2001:9) found that even if credit allocation in the rural sector is at a subsidized rate, the benefit of the subsidy is extracted by moneylenders. Cooperatives, whether formed exclusively for credit, agricultural or marketing purposes, also intervene in facilitating access ...
Correlated Trading and Returns
... Knowing the investor’s identity, characteristics of his trades, and his stock, bond, fund, and options holdings and trades helps us to classify orders as likely non-speculative, i.e., driven by savings, dissavings, or risk sharing motives, and as likely speculative, i.e., driven by perceived informa ...
... Knowing the investor’s identity, characteristics of his trades, and his stock, bond, fund, and options holdings and trades helps us to classify orders as likely non-speculative, i.e., driven by savings, dissavings, or risk sharing motives, and as likely speculative, i.e., driven by perceived informa ...
Predatory Conduct - College of William & Mary
... • If the capacity cost is not sunk, if it can be recovered, then the threat is not credible. • Model is consistent with evidence that early firms maintain market share -- early firms are able to make capacity commitments that give them Stackelberg leadership role. • In several antitrust cases, firms ...
... • If the capacity cost is not sunk, if it can be recovered, then the threat is not credible. • Model is consistent with evidence that early firms maintain market share -- early firms are able to make capacity commitments that give them Stackelberg leadership role. • In several antitrust cases, firms ...
NBER WORKING PAPER SERIES MEAN REVERSION IN STOCK PRICES: EVIDENCE AND IMPLICATIONS
... Matthew Shapiro, and Ian Tonks for data assistance. This research was supported by the National Science Foundation and was conducted while the first author was a Batterymarch Fellow. The research reported here is part of the NBERs research program in Financial Markets and Monetary Economics. Any opi ...
... Matthew Shapiro, and Ian Tonks for data assistance. This research was supported by the National Science Foundation and was conducted while the first author was a Batterymarch Fellow. The research reported here is part of the NBERs research program in Financial Markets and Monetary Economics. Any opi ...
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... using the futures market is beneficial. However, the full benefits of the hedging may not be obtained or evaluated accurately as long as an incomplete futures market exists. Gardner argued that a futures market may be incomplete due to a missing long-term futures market. He evaluated this missing fu ...
... using the futures market is beneficial. However, the full benefits of the hedging may not be obtained or evaluated accurately as long as an incomplete futures market exists. Gardner argued that a futures market may be incomplete due to a missing long-term futures market. He evaluated this missing fu ...
the webinar slides here
... SBOBet • price changes at SBOBet were a strong predictor of price changes at Ladbrokes at the next data point (but not vice versa) • the results of the model confirm that Asia is the leader and Europe the follower • but Ladbrokes responds to movements in SBOBet prices only above a threshold ...
... SBOBet • price changes at SBOBet were a strong predictor of price changes at Ladbrokes at the next data point (but not vice versa) • the results of the model confirm that Asia is the leader and Europe the follower • but Ladbrokes responds to movements in SBOBet prices only above a threshold ...
CB(1)440/15-16(08)
... July 2009. SFC indicated in the consultation conclusions published in March 2010 that the market was in general supportive of the proposal of introducing a new short position reporting regime. The regime will enable SFC to collect more information about short selling activities in Hong Kong and faci ...
... July 2009. SFC indicated in the consultation conclusions published in March 2010 that the market was in general supportive of the proposal of introducing a new short position reporting regime. The regime will enable SFC to collect more information about short selling activities in Hong Kong and faci ...
Price Discovery in Iran Gold Coin Market
... assets have been identified in the literature. The first approach focuses on the lead-lag relationship between the prices of domestic markets, or between different securities. For example, Stoll and Whaley (1990) and Chan (1992) examined information transmission between the stock index and index fut ...
... assets have been identified in the literature. The first approach focuses on the lead-lag relationship between the prices of domestic markets, or between different securities. For example, Stoll and Whaley (1990) and Chan (1992) examined information transmission between the stock index and index fut ...
The Treasury Bill Futures Market and Market Expectations of Interest
... premia are constant or change very little (which is generally assumed by the theory). If these risk premia could be easily estimated, market expectations of future interest rates could be estimated from quotations on futures contracts. Unfortunately, this is not the case. In addition, other analysts ...
... premia are constant or change very little (which is generally assumed by the theory). If these risk premia could be easily estimated, market expectations of future interest rates could be estimated from quotations on futures contracts. Unfortunately, this is not the case. In addition, other analysts ...
capital markets players survey 2013
... A large number of the market players (93%) undertook market research and analysis with nine (9) of them distributing their publications. ...
... A large number of the market players (93%) undertook market research and analysis with nine (9) of them distributing their publications. ...
Predictability of Exchange Rates in Sri Lanka: A Test of
... The foreign exchange market of Sri Lanka comprises two tiers, namely, the wholesale market (inter-bank market) and the retail market (client market). The wholesale market consists of all licensed commercial banks. The transactions in the wholesale market partly emanate from the transactions in the r ...
... The foreign exchange market of Sri Lanka comprises two tiers, namely, the wholesale market (inter-bank market) and the retail market (client market). The wholesale market consists of all licensed commercial banks. The transactions in the wholesale market partly emanate from the transactions in the r ...
(Debt/Equity Swap)? - G. William Schwert
... th the th yield i ld on the th implied i li d common stock position • so investors should convert, but they are slow to do so (for some unspecified reason) • all NYSE or AMEX-listed convertible preferreds listed on January 5, 1970 (then track these securities until December 31, 1983) • avoids 'selec ...
... th the th yield i ld on the th implied i li d common stock position • so investors should convert, but they are slow to do so (for some unspecified reason) • all NYSE or AMEX-listed convertible preferreds listed on January 5, 1970 (then track these securities until December 31, 1983) • avoids 'selec ...
Abstracts - Society for Industrial and Applied
... During 2004, crude oil prices reached a historical high triggering hedging activity by airlines. In this study, I examine the rationality of recent hedging behavior by airlines and the possibility that previously documented value created by airlines in their hedging programs is partially explained b ...
... During 2004, crude oil prices reached a historical high triggering hedging activity by airlines. In this study, I examine the rationality of recent hedging behavior by airlines and the possibility that previously documented value created by airlines in their hedging programs is partially explained b ...
High-Frequency Trading in the US Treasury Market
... in financial markets during the past decade. As reported in financial media, trading records have routinely been broken in recent years, and millions of data messages are regularly sent every second to various trading venues.2 This anecdotal evidence is coupled with the hard fact that trading latenc ...
... in financial markets during the past decade. As reported in financial media, trading records have routinely been broken in recent years, and millions of data messages are regularly sent every second to various trading venues.2 This anecdotal evidence is coupled with the hard fact that trading latenc ...
Stock Underwriting
... • The negotiation and final determination of offering size and price are influenced by a number of factors, including financial performance, stock market conditions, prices of comparable companies, market perception, and anticipated aftermarket share value. • The underwriting agreement is signed whe ...
... • The negotiation and final determination of offering size and price are influenced by a number of factors, including financial performance, stock market conditions, prices of comparable companies, market perception, and anticipated aftermarket share value. • The underwriting agreement is signed whe ...
Multi-market Trading and Liquidity: Evidence from Cross
... degree of segmentation/integration between the home and ADR market. See, for example, Karolyi and Li (2003), De Jong, Rosenthal, and van Dijk (2004), Doidge, Karolyi, and Stulz (2004), Gagnon and Karolyi (2003), Suh (2003), Menkveld, Koopman, and Lucas (2003), Karolyi (2004), Bailey, Karolyi, and Sa ...
... degree of segmentation/integration between the home and ADR market. See, for example, Karolyi and Li (2003), De Jong, Rosenthal, and van Dijk (2004), Doidge, Karolyi, and Stulz (2004), Gagnon and Karolyi (2003), Suh (2003), Menkveld, Koopman, and Lucas (2003), Karolyi (2004), Bailey, Karolyi, and Sa ...
Marketing mangos in Hawaii
... Q: What about the tourist market? A: We sell to retail markets, not to hotels and restaurants. I know they buy, but I don't know to what extent. As Hawaii mangos become available, I know they start including it in their menus, but I have no idea how much they are importing. Q: During the season, do ...
... Q: What about the tourist market? A: We sell to retail markets, not to hotels and restaurants. I know they buy, but I don't know to what extent. As Hawaii mangos become available, I know they start including it in their menus, but I have no idea how much they are importing. Q: During the season, do ...
NBER WORKING PAPERS SERIES ANATOMY OF A FINANCIAL CRISIS Frederic S. Mishkin
... information can buy right along with the well-informed investors. If enough freeriding investors do this, the increased demand for the undervalued securities will cause their low price to be bid up immediately to reflect the securities' true value. As a result of all these free riders, investors who ...
... information can buy right along with the well-informed investors. If enough freeriding investors do this, the increased demand for the undervalued securities will cause their low price to be bid up immediately to reflect the securities' true value. As a result of all these free riders, investors who ...
Trading and Returns under Periodic Market Closures
... of the liquidity traders to time their trade of given sizes. But they do not provide a complete justification for the behavior of liquidity traders. For example, trade sizes are exogenously specified and not all investors can time their trade. See also Spiegel and Subrahmanyan (1995). Our model diff ...
... of the liquidity traders to time their trade of given sizes. But they do not provide a complete justification for the behavior of liquidity traders. For example, trade sizes are exogenously specified and not all investors can time their trade. See also Spiegel and Subrahmanyan (1995). Our model diff ...
CBOE SYSTEMS ACRONYM DICTIONARY
... their orders and in monitoring how well their brokers execute their orders. Consolidated data also assist brokers and markets in providing the best execution possible for an order. ORS - Order Routing System: This TPF system handles options orders from member firms that come into CBOE via COMPASS, B ...
... their orders and in monitoring how well their brokers execute their orders. Consolidated data also assist brokers and markets in providing the best execution possible for an order. ORS - Order Routing System: This TPF system handles options orders from member firms that come into CBOE via COMPASS, B ...
Clarifications to Questions and Criticisms on the Johansen
... controls the total probability for a crash to occur up to t, remains finite and less than 1 for all times t ≤ tc . It is this property that makes it rational for investors to remain invested, knowing that a bubble is developing and that a crash is looming. Indeed, there is still a finite probability ...
... controls the total probability for a crash to occur up to t, remains finite and less than 1 for all times t ≤ tc . It is this property that makes it rational for investors to remain invested, knowing that a bubble is developing and that a crash is looming. Indeed, there is still a finite probability ...
Presentation
... Virtually no capital expenditure No additional operations or engineering resources With benefits of BT interconnect rates ...
... Virtually no capital expenditure No additional operations or engineering resources With benefits of BT interconnect rates ...
Economics Internship Learning Objectives
... □ Learn to write an effective business plan. □ Learn to develop a useful and relevant budget. □ Learn to study the economics of a business startup by conducting in-depth research on organizations and through communications with organizational representatives. □ Learn to analyze an organization’s tra ...
... □ Learn to write an effective business plan. □ Learn to develop a useful and relevant budget. □ Learn to study the economics of a business startup by conducting in-depth research on organizations and through communications with organizational representatives. □ Learn to analyze an organization’s tra ...