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Predicting Intraday Financial Market Dynamics Using Takens' Vectors; Incorporating Causality Testing And Machine Learning Techniques, Abubakar-Sadiq Bouda Abdulai 2015 East Tennessee State University

Predicting Intraday Financial Market Dynamics Using Takens' Vectors; Incorporating Causality Testing And Machine Learning Techniques, Abubakar-Sadiq Bouda Abdulai

Electronic Theses and Dissertations

Traditional approaches to predicting financial market dynamics tend to be linear and stationary, whereas financial time series data is increasingly nonlinear and non-stationary. Lately, advances in dynamical systems theory have enabled the extraction of complex dynamics from time series data. These developments include theory of time delay embedding and phase space reconstruction of dynamical systems from a scalar time series. In this thesis, a time delay embedding approach for predicting intraday stock or stock index movement is developed. The approach combines methods of nonlinear time series analysis with those of causality testing, theory of dynamical systems and machine learning (artificial ...


The Ghana National Economic Forum In May 2014, Another Implementation Curse?, George E. Ekeha 2015 Regent University College, Ghana and University of Leicester, UK

The Ghana National Economic Forum In May 2014, Another Implementation Curse?, George E. Ekeha

George E Ekeha

More than one year after the above consensus was developed and read to the whole world, which was subsequently followed by the full report, many are of the view that little efforts have been done to implement the consensus. In this article, I decided to choose just about five of the Senchi Consensus that in my opinion can change the country very much and place her on the international radar for reckoning when implemented with the seriousness that they deserve. It is my strongest belief that many Ghanaians and other development partners are aware of many issues raised in this ...


Healthcare And The Market: An Event Study On The 2012 Reelection Of President Barack Obama, Robert Parrish Graham 2015 University of Tennessee, Knoxville

Healthcare And The Market: An Event Study On The 2012 Reelection Of President Barack Obama, Robert Parrish Graham

University of Tennessee Honors Thesis Projects

No abstract provided.


Creative Capital: Financing Hotels Via Eb-5, Arian Mahmoodi, Jan A. deRoos 2015 Cornell University

Creative Capital: Financing Hotels Via Eb-5, Arian Mahmoodi, Jan A. Deroos

Center for Hospitality Research Reports

Administered by the United States Citizenship and Immigration Service (USCIS), the EB-5 program (Employment-Based Immigration, Fifth Preference) allows foreign nationals to invest as little as $500,000 or as much as $1 million in a U.S. enterprise, in consideration of potentially receiving permanent residency in the United States. In recent years, EB-5 financing has grown exponentially and has become a highly utilized funding source for hotel development projects.1 Congress created the program in 1990 to stimulate the U.S. economy through foreign direct investment to create jobs. Despite the growth of the program, the EB-5 market is opaque ...


Three Interventions For Financial Therapy: Fostering An Examination Of Financial Behaviors And Beliefs, Rebekah J. Nelson, Thomas E. Smith, Victoria M. Shelton, Kristin V. Richards 2015 Florida State University

Three Interventions For Financial Therapy: Fostering An Examination Of Financial Behaviors And Beliefs, Rebekah J. Nelson, Thomas E. Smith, Victoria M. Shelton, Kristin V. Richards

Journal of Financial Therapy

Three interventions that address the emotional components of handling finances are proposed. Drawn from a stepwise model of financial therapy, the three interventions introduced here have the specific aim of incorporating the emotional attributes of traditional financial behaviors and beliefs. First, the Financial Genogram identifies family of origin issues that may affect financial behaviors; second, the Financial Landscape intervention is used when emotional stress occurs in collecting and examining financial documents; and third, the Financial Mirror broadens clients’ perspectives of their financial behaviors. Issues in future research and implementation of the Five Step model are addressed in treating financially distressed ...


Institutional Investors In Corporate Governance, Edward B. Rock 2015 University of Pennsylvania Law School

Institutional Investors In Corporate Governance, Edward B. Rock

Faculty Scholarship

This chapter of the Oxford Handbook on Corporate Law and Governance examines the role of institutional investors in corporate governance and the role of regulation in encouraging institutional investors to become active stewards. I approach these topics through asking what lessons we can draw from the U.S. experience for the E.U.’s 2014 proposed amendments to the Shareholder Rights Directive.

I begin by defining the institutional investor category, and summarizing the growth of institutional investors’ equity holdings over time. I then briefly survey how institutional investors themselves are governed and how they organize share voting. This leads me ...


Se(C)(3): A Catalyst For Social Enterprise Crowdfunding, Dana Brakman Reiser, Steven A. Dean 2015 Brooklyn Law School

Se(C)(3): A Catalyst For Social Enterprise Crowdfunding, Dana Brakman Reiser, Steven A. Dean

Indiana Law Journal

The emerging consensus among scholars rejects the notion of tax breaks for social enterprises, concluding that such prizes will attract strategic claimants, ultimately doing more harm than good. The SE(c)(3) regime proposed by this Article offers entrepreneurs and investors committed to combining financial returns and social good with a means of broadcasting that shared resolve. Combining a measured tax benefit for mission-driven activities with a heightened burden on shareholder financial gains, the revenue-neutral SE(c)(3) regime would provide investors and funding platforms with a low-cost means of screening out “greenwashed” ventures.


Pass-Through Valuation, Robert M. Hull, David P. Price 2015 Washburn University

Pass-Through Valuation, Robert M. Hull, David P. Price

The Journal of Entrepreneurial Finance

Noted scholars argue that (1) economic models of capital taxation have been inadequately adapted to owner-managed enterprises and (2) capital structure researchers have used the wrong models while also improperly measuring key variables. Thus, a model that can overcome these problems should be of interest to academics when teaching capital structure theory and practitioners when determining optimal debt levels. This paper contributes to capital structure practice by using a model that is adaptable to owner-managed enterprises like pass-throughs while also containing relevant variables that are measurable. This paper should be valuable to academics and practitioners in the following ways. First ...


The Relationship Between The Option-Implied Volatility Smile, Stock Returns And Heterogeneous Beliefs, Shu Feng, Yi Zhang, Geoffrey C. Friesen 2015 Clark University

The Relationship Between The Option-Implied Volatility Smile, Stock Returns And Heterogeneous Beliefs, Shu Feng, Yi Zhang, Geoffrey C. Friesen

Finance Department Faculty Publications

We study the relationship between stock returns and the implied volatility smile slope of call and put options. Stocks with a steeper put slope earn lower future returns, while stocks with a steeper call slope earn higher future returns. Using dispersion of opinion as a proxy for belief differences, we find that the slope-stock return relation is strongest for stocks with high belief differences. The idiosyncratic component of the put slope fully explains the negative risk-adjusted stock returns. For the call slope, the idiosyncratic component dominates the systematic one, and explains the positive risk-adjusted returns.


Finding A Financial Planner, Emily G. Brown JD 2015 University of Massachusetts Boston

Finding A Financial Planner, Emily G. Brown Jd

Pension Action Center Publications

This fact sheet provides information on how to find the right financial planner to help you meet your retirement planning goals. This fact sheet suggests things to consider prior to picking a financial planner and answers questions like:

  • What do financial planners do?
  • How do you know if you need a financial planner?
  • How do you find the right financial planner?
  • What type of professional title does a financial planner have?


Investors Dilemma, Adam R. Marasco 2015 University of Dayton

Investors Dilemma, Adam R. Marasco

Walk the Talk Case Writing Competition

The case shows an ethical dilemma with Angel investor Arthur Vandelay. His Angel fund has the choice to invest in two different businesses. One was started by a Stanford MBA who may have obtained the idea for the business unethically. The other is run by a hardworking man from Pittsburgh who needs this money to keep his business alive and provide for his family. The Stanford MBA clearly has the better business and Vandelay is the deciding vote. He faces a dilemma on whether to invest with his head or go with his heart.


The Creation And Destruction Of The Great American Middle Class (1930-2010), Stanley F. Stasch 2015 Loyola University Chicago

The Creation And Destruction Of The Great American Middle Class (1930-2010), Stanley F. Stasch

School of Business: Faculty Publications and Other Works

This course is an economic history of what happened to ordinary American people and families from about 1930 to 2010.

From the late 1940s to about 1980 ordinary people and families in the United States enjoyed a tremendous increase in their prosperity and quality of life, especially when compared with the conditions that existed during World War II, the 1930s, and before. That prosperity was undoubtedly the highest the world had ever experienced. Because of that, those people are referred to as the great American middle class, and that 30-40 year period witnessed the creation of the great American middle ...


Guide To Cheap Living: Living On A College Budget Without Selling A Kidney, Rachel Vipond, Renae Meines, Riley Eleveth 2015 Iowa State University

Guide To Cheap Living: Living On A College Budget Without Selling A Kidney, Rachel Vipond, Renae Meines, Riley Eleveth

Ethos

Between textbooks, tuition, ramen and the electric bill, college students don’t have a whole lot of spare change lying around. Let’s face it: we’re broke. Whether you’re digging between your car’s seat cushions to come up with this month’s rent or checking your banking app obsessively, money is probably on your mind. Though the word “cheap” is generally associated with poorly made products and people who reuse Ziploc bags, when done right, cheap habits can save you time and leave you with some extra pocket cash.


The Relevance Of Economic, Institutional And Cultural Determinants For Venture Capital Investments. A Us-Europe Comparison., Nadja Benes 2015 University of San Francisco

The Relevance Of Economic, Institutional And Cultural Determinants For Venture Capital Investments. A Us-Europe Comparison., Nadja Benes

Master's Theses

This study analyzes the determinants of early-stage VC investments by identifying characteristics in the economic, institutional, as well as cultural framework that could explain the diverging levels of early-stage VC investments across countries. Data was assembled for 16 countries during the period from 1995 until 2013. The results indicate that countries that are more open to trade are associated with higher levels in early-stage venture capital. A higher unemployment rate negatively affects a country’s level of early-stage VC funds. Higher R&D expenditures as a proxy for the technological and innovation capacity in a country as well as a ...


Quick Cash, Matt Wettengel, Jordan Welch, Kait McKinney 2015 Iowa State University

Quick Cash, Matt Wettengel, Jordan Welch, Kait Mckinney

Ethos

It’s mid-spring semester: That Christmas cash is long gone, bills are still due and spring break is on the horizon. Some major decisions lie ahead, and sorting the crumbs from the change at the bottom of the couch won’t cut it anymore. Should you eat or hit the bars? Or sacrifice both and save that money?


Innovation And Entrepreneurship A Panacea To Crisis, Emmanouil Alexander Zografakis 2015 Seoul National University

Innovation And Entrepreneurship A Panacea To Crisis, Emmanouil Alexander Zografakis

Emmanouil Alexander Zografakis EZ

The beneficial effect of innovation and entrepreneurship on crisis management can be easily highlighted taking Greek financial crisis into account. That specific crisis has paved the way to a new enterprising era, characterized by high instability, making the dream of growth potential speculation to be vanished into thin air. Thus, the process of management, planning and setting of targets is liable to come to a standstill. On that occasion, only the balancing of quality and cost can lead to manufacture that can be deemed to be “value for money”.


Volatility And Risk Management In European Electricity Futures Markets, Jim Hanly, Lucia Morales 2015 Dublin Institute of Technology

Volatility And Risk Management In European Electricity Futures Markets, Jim Hanly, Lucia Morales

Articles

This paper estimates and applies a risk management strategy for electricity spot exposures using futures hedging. We apply our approach to three of the most actively traded European electricity markets, Nordpool, APXUK and Phelix. We compare both optimal hedging strategies and the hedging effectiveness of these markets for two hedging horizons, weekly and monthly using both Variance and Value at Risk (VaR). We find significant differences in both the Optimal Hedge Ratios (OHR’s) and the hedging effectiveness of the different electricity markets. Better performance is found for the Nordpool market while the poorest performer in hedging terms is Phelix ...


The New Synthesis Of Bank Regulation And Bankruptcy In The Dodd-Frank Era, David A. Skeel Jr. 2015 University of Pennsylvania Law School

The New Synthesis Of Bank Regulation And Bankruptcy In The Dodd-Frank Era, David A. Skeel Jr.

Faculty Scholarship

Since the enactment of the Dodd-Frank Act in 2010, U.S. bank regulation and bankruptcy have become far more closely intertwined. In this Article, I ask whether the new synthesis of bank regulation and bankruptcy is coherent, and whether it is likely to prove effective.

I begin by exploring some of the basic differences between bank resolution, which is a highly administrative process in the U.S., and bankruptcy, which relies more on courts and the parties themselves. I then focus on a series of remarkable new innovations designed to facilitate the rapid recapitalization of systemically important financial institutions: convertible ...


Student Debt, Mindi Price, Nguyet Bui, David Derong 2015 Iowa State University

Student Debt, Mindi Price, Nguyet Bui, David Derong

Ethos

On January 25, President Barack Obama presented the world with his State of the Union address, informing Americans what his national plans and priorities would be for the next four years. And once the topic turned to college affordability, he made a statement that piqued the interest of university students and faculty. “Let me put colleges and universities on notice: If you can’t stop tuition from going up, the funding you get from taxpayers will go down,” Obama said. “Higher education can’t be a luxury – it is an economic imperative that every family in America should be able ...


Two Essays In Financial Economics, Kyle J. Putnam 2015 University of New Orleans

Two Essays In Financial Economics, Kyle J. Putnam

University of New Orleans Theses and Dissertations

The following dissertation contains two distinct empirical essays which contribute to the overall field of Financial Economics. Chapter 1, entitled “The Determinants of Dynamic Dependence: An Analysis of Commodity Futures and Equity Markets,” examines the determinants of the dynamic equity-commodity return correlations between five commodity futures sub-sectors (energy, foods and fibers, grains and oilseeds, livestock, and precious metals) and a value-weighted equity market index (S&P 500). The study utilizes the traditional DCC model, as well as three time-varying copulas: (i) the normal copula, (ii) the student’s t copula, and (iii) the rotated-gumbel copula as dependence measures. Subsequently, the ...


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