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The Distribution Of Toxic Sources In Louisiana: An Analysis Of Community Socioeconomic Characteristics And Industry Behavior., Salpie Sarkis Djoundourian
The Distribution Of Toxic Sources In Louisiana: An Analysis Of Community Socioeconomic Characteristics And Industry Behavior., Salpie Sarkis Djoundourian
LSU Historical Dissertations and Theses
The distribution patterns of toxic sources in Louisiana reveal that some communities may be disproportionately exposed to potential environmental risks. This dissertation examines whether the location and environmental control behavior of toxic polluters are systematically related to the socioeconomic and racial characteristics of communities. The study identifies who lives in the immediate proximity of toxic sources and determines whether the characteristics of these communities are different from those of Louisiana's general population. The results reveal that income levels in communities that host toxic sources are consistently and significantly lower than the state averages. A distance gradient analysis indicates that as …
An Examination Of The Role Of Collateral In The Loan Contracting Process., Gregory Kenneth Faulk
An Examination Of The Role Of Collateral In The Loan Contracting Process., Gregory Kenneth Faulk
LSU Historical Dissertations and Theses
This study examines the competing roles advocated for collateral in a loan contract: solving problems of adverse selection, underinvestment, incentive contracting, bankruptcy and dilution of the monitoring services provided by banks. These theories cannot be separated based upon the effect of collateral on the borrowing firm's share price. Market based evaluations for security produce: (1) a positive response for small firms in an event study, but not confirmed with multiple regression; (2) a negative association for NASDAQ listed firms with regression, but not with event study methods; and (3) no response for NYSE/Amex firms with either method although they comprise …
An Examination Of An Emerging Stock Exchange: The Case Of Turkish Stock Market., Ayse Yuce
An Examination Of An Emerging Stock Exchange: The Case Of Turkish Stock Market., Ayse Yuce
LSU Historical Dissertations and Theses
This dissertation investigates an emerging stock market: Istanbul Stock Exchange. First the organizational properties and the history of the exchange are presented. The dissertation then provides an extensive statistical study of the time series properties of the Turkish stock prices. It shows that the Turkish stocks are nonnormal and highly leptokurtic. Absolute value of the stocks show significant dependence. The dissertation examines the effects of Decree No. 32 of August 11, 1989 on the stock distributions. After this date the stock market removed the restrictions on foreign investors. It is shown that the mean of stock price changes has stayed …
Corporate Restructuring And The Information Hypothesis: An Empirical Analysis., Steven Randal Ferraro
Corporate Restructuring And The Information Hypothesis: An Empirical Analysis., Steven Randal Ferraro
LSU Historical Dissertations and Theses
The purpose of this dissertation is to explore the motivation behind various restructuring choices within a securities issuance context. Previous theoretical models and empirical evidence suggest that three methods of restructuring--equity carve-outs, sell-offs, and spin-offs, on average, signal favorable information about parent firms. This has been interpreted as reflecting either enhanced potential for efficiency gains, positive asymmetric information about the value of industry assets, or changes in agency costs. This dissertation presents an alternative framework by relating restructuring announcements to the effects of security issuance. Empirical tests are formulated to determine if these announcements contain valuable private information about the …
Two Essays On Liquidity Suppliers' Gross Profits., Jie-Haun Lee
Two Essays On Liquidity Suppliers' Gross Profits., Jie-Haun Lee
LSU Historical Dissertations and Theses
The purpose of this dissertation is to examine the strategic behavior of the specialist proposed by Glosten (1989) and its implications for price volatility and market liquidity. The extant literature suggests that the bid-ask spread is responsible, at least in part, for the greater volatility and more negative autocorrelation at the open than at the close. We find that these phenomena are not related to the bid-ask spread, but related to pricing errors quoted by the specialist or by limit order traders around the open. We use George, Kaul, and Nimalendran's (1991) model, which is less biased than Roll's (1984) …
Forecasting The Economic Effects Of Produced Waters Discharge Regulations On Oil And Gas Activity In Coastal Louisiana., Allen Paul Dupont
Forecasting The Economic Effects Of Produced Waters Discharge Regulations On Oil And Gas Activity In Coastal Louisiana., Allen Paul Dupont
LSU Historical Dissertations and Theses
Proposed regulations would restrict surface disposal of untreated produced waters by oil and gas producers in coastal south Louisiana. The regulations would impose costs on oil and gas activity. This dissertation develops an integrated model of exploration and production activities which utilizes both economic and geological concepts, in which the cost of compliance with the proposed regulations is treated as a reduction in the real net price of oil. The goal is to predict the effects of the proposed regulations on exploration and production activity in the study region. The main findings are: (i) the proposed regulations would reinforce the …