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The Determinants Of Executive Compensation In The Commercial Banking Industry, David A. Romer

Doctoral Dissertations

The primary purpose of this study is to examine the viability of two basic theories of compensation to explain executive compensation in the banking industry. The two executive compensation motivation theories are sales/sales growth maximization and profit/shareholder wealth maximization. Overall, strong support is found for both theories. This research also seeks to significantly expand, compared to previous research, the number of banks investigated. This study succeeds, with over a four-fold increase in the number of banks analyzed, including over 330 banks not previously used in the literature. This investigation is further motivated by the paucity of banking studies on compensation …

Three Essays In Environmental Markets: Dynamic Behavior, Market Interactions, Policy Implications, Irene Margaret Xiarchos

Graduate Theses, Dissertations, and Problem Reports

In order to induce or support voluntary environmental behavior, the mechanisms of existing and possible environmental markets must be understood. This dissertation analyzes two issues related to voluntary environmental behavior: (i) The reactions of firms over the long term to stakeholder concerns about the environment (essay one). (ii) Interactions between recycled and primary markets for metals (essays two and three).;Although these essays consider different phenomena, they are underlain by common factors: the exploration of behavior in environmental markets, the importance of profit as a motivation for firms' actions, the centrality of the role of information, and the necessity to look …

Modeling And Simulation Of Value -At -Risk In The Financial Market Area, Xiangyin Zheng

Doctoral Dissertations

Value-at-Risk (VaR) is a statistical approach to measure market risk. It is widely used by banks, securities firms, commodity and energy merchants, and other trading organizations. The main focus of this research is measuring and analyzing market risk by modeling and simulation of Value-at-Risk for portfolios in the financial market area. The objectives are (1) predicting possible future loss for a financial portfolio from VaR measurement, and (2) identifying how the distributions of the risk factors affect the distribution of the portfolio. Results from (1) and (2) provide valuable information for portfolio optimization and risk management.

The model systems chosen …

Real-Time Finance Management System, Abdul Muqtadir

Theses Digitization Project

Discusses the development of a real-time finance management system (RFMS) computer application. RFMS lets users learn about and manage their personal finances and stock portfolio. Finances can be managed using management tools and calculators. The program uses a Java/XML based approach where real-time market data from different stock exchanges is fetched and displayed for the user. Stock performance can then be graphed.

Role Of Home Equity In Retirement Saving: Building Your Nest (Egg), Caroline Theoharides

Honors Theses

This study examines the role of home equity in retirement saving. Using data from the 2001 and 2003 Panel Study of Income Dynamics, this study first updates the existing literature by regressing active saving on real housing capital gains using median regression techniques. Consistent with the literature, an increase in housing capital gains results in a decrease in active saving. While the active saving literature provides an initial analytical framework regarding saving behavior and home equity, the demographic shift in the U.S. due to the imminent retirement of the baby boomers indicates that the impact of changes in home equity …

Three Essays On Ipo, Liquidity, And Corporate Governance, Saurav Roychoudhury

Graduate Theses, Dissertations, and Problem Reports

The first essay looks at the issue of long run performance of initial public offerings (IPOs). We provide a liquidity based explanation for why certain IPOs underperform in the long run. By separating IPOs into sub-samples based on excess liquidity, considered relative to benchmarks based on size, we find that IPO underperformance from 1993 to 2005 differs significantly based on the excess liquidity of an IPO. In general, positive excess liquidity portfolios tend to underperform compared to negative excess liquidity portfolios one to two years after the initial post IPO portfolio formation period. A potential explanation of the magnitude and …