Open Access. Powered by Scholars. Published by Universities.®
Finance and Financial Management Commons™
Open Access. Powered by Scholars. Published by Universities.®
- Discipline
- Keyword
Articles 1 - 8 of 8
Full-Text Articles in Finance and Financial Management
Political Influence And Tarp Investments In Credit Unions, Elisabeta Pana, Linus Wilson
Political Influence And Tarp Investments In Credit Unions, Elisabeta Pana, Linus Wilson
Elisabeta Pana
About 48 credit unions received capital injections as part of the financial sector bailout. The predicted probability of receiving bailout funds jumps from 29% to 81% for the typical credit union, if the institution's headquarters was in the district of a member of the U. S. House Financial Services Committee (HFS). The credit unions receiving funds were significantly less likely to lend, contrary to the goals of the program. These results indicate that political influence may be an important determinant of which institutions receive taxpayer funds.
Momentum Returns To S&P/Asx 100 Constituents, Bruce Vanstone, Tobias Hahn, Gavin Finnie
Momentum Returns To S&P/Asx 100 Constituents, Bruce Vanstone, Tobias Hahn, Gavin Finnie
Tobias Hahn
No abstract provided.
Determinants Of Dow Jones Returns, Elisabeta Pana, Cory Sloan, '12
Determinants Of Dow Jones Returns, Elisabeta Pana, Cory Sloan, '12
Elisabeta Pana
No abstract provided.
The Finance Behind Conference Realignment, Elisabeta Pana, Brian Piotrowski, '12
The Finance Behind Conference Realignment, Elisabeta Pana, Brian Piotrowski, '12
Elisabeta Pana
No abstract provided.
Cta Strategies For Returns-Enhancing Diversification, Francis Koh, David K. C. Lee, Kok Fai Phoon
Cta Strategies For Returns-Enhancing Diversification, Francis Koh, David K. C. Lee, Kok Fai Phoon
Francis Koh
No abstract provided.
The Impact Of Internet-Based Services On Credit Unions: A Propensity Score Matching Approach, Elisabeta Pana, Sascha Vitzthum, David Willis
The Impact Of Internet-Based Services On Credit Unions: A Propensity Score Matching Approach, Elisabeta Pana, Sascha Vitzthum, David Willis
Elisabeta Pana
Credit unions focus their profit and capital management on the tradeoff between providing immediate financial benefits to members and augmenting their institutional well-being through capital accumulation. In this study, we investigate the changes in benefits to credit union members via the interest-rate spread around the adoptions of internet-based services for the period of 2000–2009. Using the propensity score matching method, we show that adopters offer a less favorable interest-rate spread to their members than non-adopters. However, we find evidence that early adopters have a lower degree of market power in dealing with their members than late adopters and offer interest-rate …
On Equilibrium In Resource Markets With Scale Economies And Stochastic Prices, Charles Mason
On Equilibrium In Resource Markets With Scale Economies And Stochastic Prices, Charles Mason
Charles F Mason
In this paper, I show the existence and the characteristics of equilibrium in a non-renewable resource market where extraction costs are non-convex and market price is subject to stochastic shocks, an empirically relevant setting. In my model firms may be motivated to hold inventories to facilitate production smoothing, which allows them to continue producing at a smooth pace at any instant when extraction ceases, e.g. when reserves are exhausted. This aspect of the model then supports a competitive equilibrium in the presence of non-convex costs. Casual empirical evidence is provided that supports the central features of my model for a …
Measuring Financial Literacy Among Students: An Application Of Rasch Analysis, Paola Bongini, Paolo Trivellato, Mariangela Zenga
Measuring Financial Literacy Among Students: An Application Of Rasch Analysis, Paola Bongini, Paolo Trivellato, Mariangela Zenga
Paola Bongini
We examined financial literacy among Italian college students using Rasch analysis. Our findings support the appeal of adopting such technique in measuring financial literacy: the set of information provided is not limited to a crude figure, indicating whether the population has passed or failed the test; on the contrary, it provides useful information on the specific areas where deficiencies are occurring the most and which specific group presents the highest knowledge deficit