Finance and Financial Management Commons^™

Spend Your Student Loans On A Vacation. No One Is Watching., Raul A. Hernandez, Morten Buttler

Capstones

Student loan debtors who spend their loans on non-educational expenses   increase the likelihood of financial hardship once they begin repayment. Contributing to the financial struggles of student loan debtors is an overly-complicated student loan system which can entangle borrowers with unclear financial statements and a glut of federal loan repayment programs.

Link to capstone project: https://medium.com/@raul.hernandez/spend-your-student-loans-on-a-vacation-no-one-is-watching-a71834ed6f45#.vj61hhxig

The Timeliness Of State And Local Governments By Gasb: An Evaluation Of Efficacy Of Financial Reports, Achraf Seyam, Alexander Hinners, Lauren Freire, Victor Parbat

Publications and Research

In March 2011, the Governmental Accounting Standards Board (GASB) issued a research brief titled “The Timeliness of Financial Reporting by State and Local Governments Compared with the Needs of Users.” This study formally exposed an apparent gap between the time-of-issuance of governmental financial reports and their usefulness according to a large and diverse group of survey participants. According to the GASB in the aforementioned report, nearly a quarter of the government entities take longer than six months to issue their annual reports, with many evidencing release times of a year or more. Comparatively, the users surveyed indicated that report usefulness …

Essays On Institutional Investor Trading, Karolina Krystyniak

Dissertations, Theses, and Capstone Projects

This dissertation consists of three chapters that examine the role of institutional investors in stock market efficiency. Institutions are important and influential market participants. This study aims to analyze whether institutional investor trading is consistent with higher attention and better skill, what is the impact of institutional trading on future asset prices and how does institutional trading relate to the liquidity in the market.

The first chapter of the dissertation analyzes institutional investors’ response to stock level liquidity shocks. I find that institutions, especially the transient ones, buy stocks that experience positive liquidity shocks and sell those that experience negative …

Essays On Investor Attention, Hongqi Liu

Dissertations, Theses, and Capstone Projects

This dissertation consists of three chapters that examine investor attention and its impact on corporate events and asset prices using a Google search-based measure of investor attention.

Chapter 1 This chapter investigates investor attention patterns and its determinants. I document that investor attention displays strong seasonality. It is significantly lower on Fridays and in summer months. I find that investor attention increases significantly following earnings announcements and macro news releases, and the effect is stronger for large firms. When faced with both firm-specific and market-wide information shocks, investors’ attention response to firm-specific information attenuates and their trading behavior is also …

Hunting For Financial Literacy, Georgia Sozou

Theses and Dissertations

This paper summarizes and explores the results of a survey conducted at Hunter College of the City University of New York that surveys 211 students. It examines the relationships between the students’ individual characteristics, previous personal finance education and the levels of financial literacy of the Hunter College population.

The New Requirements Relating To Going Concern Evaluation And Disclosure Provide A Critical Improvement To The Financial Statements Taken As A Whole, Achraf A. Seyam, Sharon Brickman

Publications and Research

The going concern principle assumes that an entity will continue to exist into the future. This assumption implies that the entity will not be compelled to end their operations, liquidate their assets, or go into bankruptcy. It is an integral assumption in financial statements since it allows for the deferral of recognition of certain expenses until a period of time into the future, when the company is still assumed to exist. Members of management, as well as financial statement auditors, are required to identify signs that could indicate that an entity will not be able to continue their operations into …