Business Commons^™

Do Investors Herd Intraday In Australian Equities?, Julia Henker, Thomas Henker, Anna Mitsios

Thomas Henker

Purpose – The purpose of this research is to consider whether market wide herding occurs intraday.

Design/methodology/approach – Using the 1995 Christie and Huang and the 2000 Chang et al. models, the paper tests whether market wide and industry sector herding occurs intraday in the Australian equities market.

Findings – Neither market wide nor industry sector herding occurs intraday.

Research limitations/implications – Both herding measures focus on one specific type of herding, herding evidenced by changes in the cross-sectional return distribution. Therefore the herding measures are ill suited to capture the effects of period specific abnormally high or low market …

December 2006, Inland Empire Business Journal

Inland Empire Business Journal

Detroit's Pizza Mogul Looks Toward Barstow

Illegal Immigration and Crime

Stopping the Revolving Door: How to Hire and Retain Top

Talent

Charting Your Course to Success

Apartment Quarterly Update

Corporate Profile. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6

Commentary. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . …

November 2006, Inland Empire Business Journal

Inland Empire Business Journal

Renegotiating With Integrity

The Big Boomer Exodus: How to Respond to the Loss of

Experienced Talent

Advertising: Keeping With the Times: The Ne''· High-Tech

Face of Advertising

Office Research Quarterly Update for Riverside-San

Bernardino Metro Area

Seniors.Housing Research Report:

People in Profile

Close-Up

Commentary

Investments & Finance

Executive Notes

The Lists:

Largest Credit Unions

Commercial Real Estate Brokers

Fastest Growing Companies

Commercial Building Developers

Mortgage Lenders

Managing

Calendar

Real Estate Notes

Advertising ....... .

Manager's BooJ...shelf

Restaurant Review

County of San Bernardino

County of Riverside

Executive Time Out.

October 2006, Inland Empire Business Journal

Inland Empire Business Journal

Booming Job Market Predicted

Corporate Profile - ESRI

Expect Chaos

Planning on Tax Deductions for Charity? Rules Changed in

August 2006

Under the Influence: Five key Behaviors for Sale Breakthroughs

Close-Up... .. . ............................... 6

Commentary. . .................... . 7

Corporate Profile ............................. 8

Investments & Finance ........................... 9

The Lists:

Long Distance Companies Serving the Inland Empire. 10

Interconnect/Telecommunications Firms ........... 25

Copiers, Fax and Business Equipment. . . . . . . . . . 27

Internet Service Providers Serving the Inland Empire .. 35

Editorial Schedule .............................. 15

Opinion ...... . 16

Managing ..................................... 17

Calendar ..................................... …

September 2006, Inland Empire Business Journal

Inland Empire Business Journal

Skills Shortage Paying Off

Close-up: Ira Jackson.

A Short 0verview of Low Desert Communities

''You're Hired!" Eight Ways to Ensure You're Saying These

Two Critical Little Words to the Right People

The 10 Commandments of negotiations

Legislative Outlook

Close-up

Investments & Finance

The Lists:

Banks 111 the Inland Empire

Substance Abuse Programs

Golf Courses in the Inland Empire

Inland Empire's Largest Hotels

Computers technology

Editorial

Calendar

Managing

Real Estate notes

Sales

Manager\ Bookshelf

Restaurant Review

Count) of San Bernardino

Count) of Riverside

Executive Time Out

Members In Government, September 2006, American Institute Of Certified Public Accountants (Aicpa)

Newsletters

No abstract provided.

The Macroeconomic News Cycle And Uncertainty Resolution, Arjun Chatrath, Rohan Christie-David, William T. Moore

Faculty Publications

We examine the behavior of return volatility and trading at 5-minute intervals in the treasury bond futures market in the context of the monthly macroeconomic news cycle. We advance and confirm the hypothesis that volatility and trading activity are higher in the first half of the month. The data indicate that these patterns arise from at least two sources: (1) a higher level of uncertainty regarding the value of news in announcements in the first half of the month, and (2) improvement in efficiency of macroeconomic forecasts from the first to the second half of the month.

August 2006, Inland Empire Business Journal

Inland Empire Business Journal

News from the Small Manufacturers Assoc. of CA.

Can We Call a Truce'? Ten Tips for Negotiating Workplace

The Good Old Stardust Will Resurrect as the Echelon Place

Selling Is Everyone's Business---Including Yours

Conquering Depression in the Workplace: How It Affects

Morale, Productivity and Effectiveness

Close-up..... . .. . ............................. 6

Real Estate notes. . . . . . . . . . . . ................... 7

Investments & Finance ............... .. ........... 9

The Lists:

Top Health Care Med1cal Clln1cs/

Groups m the Inland Emp1re. . . ... ..... . .. . . . .. I 0

Inland Empire\ …

July 2006, Inland Empire Business Journal

Inland Empire Business Journal

Stem Cell Research

Close-Up

Corporate Profile

Investments & Finance

Commentary: Another Primary Bites the Dust

What is a Credit Union? Credit Union vs. Banks

Managing : Lead Your Team to Victory: The Do’s and Dont’s of Effective Group Influence

Real Estate Notes

Inland Empire People

Manager’s Bookshelf

Executive Notes

“Sorry, Whats Your Name Again?” six Steps to Relieve the Most Common Memory Worry

Coalition for California Jobs

Restaurant Review

Executive Time Out

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 …

June 2006, Inland Empire Business Journal

Inland Empire Business Journal

How to P.L.A.N. for Disaster

I Sing the Bluetooth Electric

Four Steps to Managing Anyone: Motivation and

Communication to Get the Job Done

Are You a Sales Advisor or an Order-Taker?

Use Your Influence: nine Tips to Combat Tough Boss

Syndrome

Close-up..... . .. . ............................. 6

Real Estate notes. . . . . . . . . . . . ................... 7

Investments & Finance ............... .. ........... 9

The Lists:

Top Health Care Med1cal Clln1cs/

Groups m the Inland Emp1re. . . ... ..... . .. . . . .. I 0

Inland Empire\ Largest Employers ......... . …

May 2006, Inland Empire Business Journal

Inland Empire Business Journal

America's #I R\' Dealer

U.S. Senate to Vote on Most Important SmallBusiness

Bill in 25 Years

Influx of Relocating Companies Keeps Inland

Empire Office Market Tight

Congratulations! You're Fired!

Close-Up

Real Estate Notes

Corporate Profile

Investments and Finance

Commentary

Dental Plans

Law Firms

Employment Agencies

Managers BookSelf

Sales

Restaurant Review

Managing

County of San Bernardino

County of Riverside

Executive Notes

Executive Time Out

Members In Government, May 2006, American Institute Of Certified Public Accountants (Aicpa)

Newsletters

No abstract provided.

Members In Government, April 2006, American Institute Of Certified Public Accountants (Aicpa)

Newsletters

No abstract provided.

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 …

March 2006, Inland Empire Business Journal

Inland Empire Business Journal

Costco on Drugs Gets Good Grades

Close Up

Corporate Profile

Investment & Finance

Commentary

An Innkeeper and His City

Common Misconceptions Small Business Have About Providing Health Insurance

HMO’s and PPOs Serving the Inland Empire

Resource Directory

Financial

Executive Notes

Managing

Computers/Technology

Commerce Report

Residential Real Estate Brokers Serving the Inland Empire

Real Estate Notes

Manager’s Bookshelf

Restaurant Review

New Business Lists: County of San Bernardino

New Business Lists: County of Riverside

Inland Empire People

Tuskegee Airmen Archive

Executive Time Out

February 2006, Inland Empire Business Journal

Inland Empire Business Journal

Do Come Here----But Come Here Legally

Housing will Be Beginning a Decline

Ten New Year's Shmooze-solutions for Business

Leaders

The Inland Empire---Hong Kong Connection

Sifting Through Your Own Credit dirt

Members In Government, February 2006, American Institute Of Certified Public Accountants (Aicpa)

Newsletters

No abstract provided.

January 2006, Inland Empire Business Journal

Inland Empire Business Journal

No Recession Any Time Soon, But Troubles

Ahead, Nonetheless

The CEO ofCVB Explains It All

What are the biggest sales presentation mistakes professionals

make and how can you avoid them?

The Coachella Valley Housing Coalition (CVHC) has received

S 1.46 million

LearnWhat Credit Stalkers Know About You

Close-Up ......... . .................................. 6

Corporate Profile ...................... . .......... 7

Investments & Finance ................ . ................. 9

Commentary. . . . . . . . . . . . . . . . . . ......................... I 0

Marketing .............. . .... 12

Executive Time Out. ............ . .... 23

Managing .......... …

Combinatorial Auctions, Peter Cramton, Yoav Shoham, Richard Steinberg

Peter Cramton

A comprehensive book on combinatorial auctions―auctions in which bidders can bid on packages of items. The book consists of original material intended for researchers, students, and practitioners of auction design. It includes a foreword by Vernon Smith, an introduction to combinatorial auctions, and twenty-three cross-referenced chapters in five parts. Part I covers mechanisms, such as the Vickrey auction and the ascending proxy auction. Part II is on bidding and efficiency issues. Part III examines computational issues and algorithmic considerations, especially the winner determination problem―how to identify the (tentative) winning set of bids that maximizes revenue. Part IV discusses implementation and …

Trading In The Australian Stockmarket Using Artificial Neural Networks, Bruce Vanstone

Bruce Vanstone

This thesis focuses on training and testing neural networks for use within stockmarket trading systems. It creates and follows a well defined methodology for developing and benchmarking trading systems which contain neural networks.

Four neural networks and consequently four trading systems are presented within this thesis. The neural networks are trained using all fundamental or all technical variables, and are trained on different segments of the Australian stockmarket, namely all ordinary shares, and the S&P/ASX200 constituents.

Three of the four trading systems containing neural networks significantly outperform the respective buy-and-hold returns for their segments of the market, demonstrating that neural …

Aicpa Professional Standards: Statement On Responsibilities In Personal Financial Planning Practice As Of June 1, 2006, American Institute Of Certified Public Accountants. Personal Financial Planning Executive Committee

AICPA Professional Standards

No abstract provided.

Government Auditing Standards And Circular A-133 Audits, With Conforming Changes As Of May 1, 2006; Audit And Accounting Guide:, American Institute Of Certified Public Accountants. Single Audit Working Group

Industry Guides (AAGs), Risk Alerts, and Checklists

No abstract provided.

State And Local Governments With Conforming Changes As Of May 1, 2006; Audit And Accounting Guide:, American Institute Of Certified Public Accountants. State And Local Government Audit Guide Revision Task Force

Industry Guides (AAGs), Risk Alerts, and Checklists

No abstract provided.

Government Auditing Standards And Circular A-133 Audits - 2006; Audit Risk Alerts, American Institute Of Certified Public Accountants

Industry Guides (AAGs), Risk Alerts, and Checklists

No abstract provided.

Entrepreneurial Financing—Alternatives For Raising Capital, Paul Broude, Joseph E. Levangie

New England Journal of Entrepreneurship

Most entrepreneurs are continually concerned about their finances. Their companies perhaps not yet profitable, they may have a fear of “running out of dry powder.” These entrepreneurs often have fallen in love with their company’s technologies, products, and potential markets, but they require more resources. Invariably these emerging ventures shroud their fear of the grueling capital raising marathon by presenting voluminous business plans to potential investors. They often flaunt their “optimized business models.” Investors, however, typically want to know why the potential investment is such a good deal. The entrepreneur often wants guidance regarding what to say to whom in …

Guide To Fraud In Governmental And Not-For-Profit Environments, Lynda M. Dennis

Guides, Handbooks and Manuals

No abstract provided.

Closed End Fund Discounts As Sentiment Indicies, Thomas Berry

Thomas D Berry

No abstract provided.

The Disposition Effect And Individual Investor Decisions: The Role Of Regret And Counterfactual Alternatives, Thomas Berry, Suzanne Fogel

Thomas D Berry

Recent studies have documented a strong tendency for individual investors to delay realizing capital losses, while realizing gains prematurely (Odean [1996], Shefrin and Statman [1985], Weber and Camerer [1996]). This tendency has been termed the “disposition effect.” The disposition effect is inconsistent with normative approaches to stock sales, such as those based on tax losses (see, for example, Constantinides [1983]). We surveyed individual investors, and found that more respondents reported regret about holding on to a losing stock too long than about selling a winning stock too soon. This finding suggests that individual investors are consistently engaging in behavior that …

Credit Risk Management: A Survey Of Practices, Ali M. Fatemi, Iraj Fooladi

Ali M Fatemi

Purpose – Proposes to investigate the current practices of credit risk management by the largest US-based financial institutions. Owing to the increasing variety in the types of counterparties and the ever-expanding variety in the forms of obligations, credit risk management has jumped to the forefront of risk management activities carried out by firms in the financial services industry. This study is designed to shed light on the current practices of these firms. Design/methodology/approach – A short questionnaire, containing seven questions, was mailed to each of the top 100 banking firms headquartered in the USA. Findings – It was found that …