Open Access. Powered by Scholars. Published by Universities.®

Finance and Financial Management Commons

Open Access. Powered by Scholars. Published by Universities.®

3,383 Full-Text Articles 3,300 Authors 1,308,302 Downloads 152 Institutions

All Articles in Finance and Financial Management

Faceted Search

3,383 full-text articles. Page 1 of 86.

Ipo Markets In Asia Financial Centers : How The Different Ipo Locations Affect Firms’ Stock Prices, Yuanzhen JIANG 2016 Lingnan University

Ipo Markets In Asia Financial Centers : How The Different Ipo Locations Affect Firms’ Stock Prices, Yuanzhen Jiang

Lingnan Journal of Banking, Finance and Economics

For most of non-listed corporations when they are confronting the issues of cutting capital cost, to increase the base of their investors, to develop the firm business quicker, or even to diversify the pool of investors, one of the most important alternatives that the executives and shareholders of these corporations may think is to do IPO (Initial Public Offering); which could be done in the domestic or in the foreign IPO markets. This paper firstly introduces the situation and differences among different IPO markets in Asia major financial centers that includes Mainland China, Hong Kong and Singapore. Then it will ...


Should Hong Kong Maintain A Linked Exchange Rate System?, Hoi Yin TSOI 2016 Lingnan University

Should Hong Kong Maintain A Linked Exchange Rate System?, Hoi Yin Tsoi

Lingnan Journal of Banking, Finance and Economics

The linked exchange rate was implemented in 1983. This paper finds that over these 32 years, this system did bring lots of benefits to Hong Kong. Nevertheless, as Hong Kong is a vastly different place now relative to what it was 32 years ago, the costs for the adoption of the link outweigh the benefits so this system is no longer suitable for Hong Kong. It is suggested that in order to serve the best interest of Hong Kong, it should not maintain the linked exchange rate system and should switch to the managed floating exchange rate system.


Empirical Study : Shanghai-Hong Kong Stock Connection Sign Of Efficiency Improvement?, Ming Cheung FOK 2016 Lingnan University

Empirical Study : Shanghai-Hong Kong Stock Connection Sign Of Efficiency Improvement?, Ming Cheung Fok

Lingnan Journal of Banking, Finance and Economics

Stock market connection encourages local corporations cross-listing in overseas stock markets which will, theoretically, enhance the information flow between countries and the stock market efficiency. In view of a closed economy like China and a free economy like Hong Kong, the announcement of Shanghai-Hong Kong stock connection program seems to be a great opportunity for testing the well-known Efficiency Market Hypothesis (EMH). Employing Capital Asset Pricing Model (CAPM) and the random walk model suggested by previous studies, this paper will present the comparison of market performance before and after the connection as evidences for the hypothesis testing.


An Empirical Analysis Of Factors Influencing China's Real Estate Prices-Based On The Var Model, Pan XIAO 2016 Lingnan University

An Empirical Analysis Of Factors Influencing China's Real Estate Prices-Based On The Var Model, Pan Xiao

Lingnan Journal of Banking, Finance and Economics

The real estate industry has an increasingly significant position in our national economy. It is important for real estate investment and national macro-control to analyze the main factors that affect its prices, in order to predict its future movements. In this paper, the dynamic econometric analysis method was used to analyze these macroeconomic factors that influence the real state prices on a empirical research. And the results show that the expected prices of real estate, money supply, real estate development investment and household income are the dominant factors influencing them.


Factors In The Returns On Stock : Inspiration From Fama And French Asset Pricing Model, Yuanzhen JIANG 2016 Lingnan University

Factors In The Returns On Stock : Inspiration From Fama And French Asset Pricing Model, Yuanzhen Jiang

Lingnan Journal of Banking, Finance and Economics

Under the inspiration of Fama and French asset pricing model, this paper mainly studies the relationship between the month return of A shares and the factors that may have an effect on the stocks’ month return. It also compares the differences in the reaction of all shares and GEM board shares to these factors. It is important to highlight that these factors include the market, firm size, earnings and book-to-market information. The data used in this project comes from the quarterly data of China stock market from March of 2000 to December of 2011 and was used in panel model ...


Retirement-Income Planning: What Keeps Advisors Up At Night, Harry J. Lew 2016 National Ethics Association

Retirement-Income Planning: What Keeps Advisors Up At Night, Harry J. Lew

In the News

With financial markets turning increasing volatile in recent months, it’s clear financial advisors have plenty on their plates. Not only must they put market gyrations in context for their clients, they must also encourage them to stay focused on their long-term investment plans and to not overreact to frightening short-term news.


Shackled High Speed Traders? Latency Reduction And Short Sale Bans, Bidisha Chakrabarty, Pamela Moulton, Roberto Pascual 2016 Saint Louis University

Shackled High Speed Traders? Latency Reduction And Short Sale Bans, Bidisha Chakrabarty, Pamela Moulton, Roberto Pascual

Working Papers

We examine the effects of two juxtaposed events – regulatory short sale bans and exchange efforts to facilitate high-frequency trading (HFT) – on multiple dimensions of market quality. Between 2011 and 2013, the Spanish Stock Exchange (SSE) launched a smart trading platform (SIBE-Smart) and introduced colocation facilities to attract HFT. During this time two short sale bans were imposed on the SSE. Comparing the market before and after these events, we find that while SIBE-Smart attracts some HFT, colocation does not. However, following both of these events, liquidity and price efficiency decline. Colocation, implemented during the second ban, is accompanied by an ...


The Performance Of Short-Term Institutional Trades, Bidisha Chakrabarty, Pamela Moulton, Charles Trzcinka 2016 Saint Louis University

The Performance Of Short-Term Institutional Trades, Bidisha Chakrabarty, Pamela Moulton, Charles Trzcinka

Working Papers

Using a database of daily institutional trades, we document that a majority of short-term institutional trades lose money. In aggregate, over 23% of round-trip trades are held for less than three months, and the returns on these trades average -3.91% (non-annualized). These losses are pervasive across all types of stocks, with the lowest returns occurring in small stocks, value stocks, and low-momentum stocks. Short-term trades lose more in more volatile markets. Across funds, the worst short-term returns accrue to funds that do the most trading, and there is no evidence of persistent skill or disposition effect in short-term institutional ...


Public Finance And Tax Equity In The Arabian Gulf Monarchies, Timothy Mathews 2016 Kennesaw State University

Public Finance And Tax Equity In The Arabian Gulf Monarchies, Timothy Mathews

Journal of Global Initiatives: Policy, Pedagogy, Perspective

This study examines notions of public finance equity in the six Arabian Gulf monarchies of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates. Because of unique characteristics of government expenditures and revenues in these monarchies, many of the standard concepts of public finance (such as the Benefits Principle, Ability-to-Pay Principle, Vertical Equity, and Horizontal Equity) do not provide relevant insights. Consequently, four innovative notions of equity are reviewed and discussed: Within Group Horizontal Equity; Within Group Vertical Equity; Favored Group Horizontal Equity; and Favored Group Vertical Equity. Finally, these four conceptions of equity are applied to a ...


Questions Dol Needs To Answer, Craig Lemoine 2016 The American College of Financial Services

Questions Dol Needs To Answer, Craig Lemoine

Faculty Publications

We put on our backpacks in 2008, navigated the Dodd-Frank Act and used a collective walking stick in 2010 when the U.S. Securities and Exchange Commission held hearings about adopting a fiduciary standard. Five years later, our regulatory journey has coincided with the river of more than 10,000 baby boomers retiring every day.


Life Insurance As A Financial Basis For A College Education, Solomon S. Huebner PhD 2016 The American College

Life Insurance As A Financial Basis For A College Education, Solomon S. Huebner Phd

Solomon S. Huebner Documents

In our family life, certainly among the large group of middle class families, there is probably no more outstanding objective than the financing of the higher education of the children. The adequate meeting of that objective is the fond hope of every mother and father.


John David Travis Company Interview Transcript, John D. Thomas 2016 The American College

John David Travis Company Interview Transcript, John D. Thomas

Solomon S. Huebner Documents

Transcript of a taped interview regarding experiences and association with Dr. Solomon Huebner.


Interesting But Fallacious Theories, Solomon S. Huebner PhD 2016 The American College

Interesting But Fallacious Theories, Solomon S. Huebner Phd

Solomon S. Huebner Documents

In a business in which so many are virtually concerned as owners of securities and commodities it is only natural that there should be a great deal of theorizing. And many, indeed, are the new theories advance, whenever we are engulfed in a business convulsion which depressed greatly the dollar valuation of both securities and commodities.


Medio Siglo De Progreso Del Seguro, Solomon S. Huebner PhD 2016 The American College

Medio Siglo De Progreso Del Seguro, Solomon S. Huebner Phd

Solomon S. Huebner Documents

No abstract provided.


Verisherungs, Solomon S. Huebner PhD 2016 The American College

Verisherungs, Solomon S. Huebner Phd

Solomon S. Huebner Documents

No abstract provided.


N.Y. Honors Dr. Huebner, The Pennsylvania Gazette 2016 The American College

N.Y. Honors Dr. Huebner, The Pennsylvania Gazette

Solomon S. Huebner Documents

To receive the first award of its Benjamin Franklin Cup- successor to the Guggenheim Cup -the New York club selected a man who long ago won the designation "Mr. Wharton School" - Dr. Solomon S. Huebner, or course.

The presentation to Dr. Huebner was held at the New York clubhouse on April 25 before a capacity audience of alumni and their guests.


Quasi-Public Spending, John R. Brooks 2016 Georgetown University Law Center

Quasi-Public Spending, John R. Brooks

Georgetown Law Faculty Publications and Other Works

The United States has increasingly designed certain public spending programs not as traditional tax-financed programs, but rather as mixtures of private expenditures, subsidies, and limited taxes. Thus part of what could have gone to the government as a tax is instead used to purchase the good or service directly, with only incremental taxes and subsidies to manage distributional goals. This Article terms this “quasi-public spending,” and argues that it is descriptive of our evolving approaches to both health care and higher education. Based on this observation, the Article defines and analyzes quasipublic spending and compares it to both traditional public ...


Solomon S. Huebner School Cassette Review, The American College 2016 The American College

Solomon S. Huebner School Cassette Review, The American College

Solomon S. Huebner Documents

Thousands of Huebner School students have found The Cassette Review Program a useful study aid. The Cassette Review Program - developed, tested, and proven by the Zimmerman Adult Learning Laboratory of The American College - was created as a study supplement for ten of thirteen Huebner School courses.


Huebner Lecture Films, American College of Life Underwriters 2016 The American College

Huebner Lecture Films, American College Of Life Underwriters

Solomon S. Huebner Documents

No abstract provided.


The Service Of Life Insurance Salesman To The Community, Solomon S. Huebner PhD 2016 The American College

The Service Of Life Insurance Salesman To The Community, Solomon S. Huebner Phd

Solomon S. Huebner Documents

In choosing a life's vocation, two considerations of outstanding importance present themselves, namely, (1) assurance of a decent remuneration for industry and ability, and (2) the opportunity for real happiness in vocational life. Both are necessary to real happiness in vocational life.


Digital Commons powered by bepress