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Full-Text Articles in Finance and Financial Management
Influence Of Moody’S Rating Downgrade And Upgrade On The U.S. Equity Market: A Case Study Of Ibm, Ford, And Boeing, Qianhe Zhang
Influence Of Moody’S Rating Downgrade And Upgrade On The U.S. Equity Market: A Case Study Of Ibm, Ford, And Boeing, Qianhe Zhang
Honors College Theses
The main purpose of my thesis is to determine the current influence of credit rating downgrades and upgrades made by Moody's on the U.S. equity market. Previous literature has already talked about the effect of credit ratings on stock or bond price, however, my paper is different from previous works. I will focus on a single nationally recognized credit rating organization; I will talk about the both downgrade effect and the upgrade effect; I will do a case study of the credit rating effect on Ford, IBM, and Boeing. The results indicates that overall, Moody’s rating announcements have an important …
Noise Traders, Fintech, And Equity Market Volatility, William T. Collins
Noise Traders, Fintech, And Equity Market Volatility, William T. Collins
Honors College Theses
The literature provides ample evidence that the last decades have seen an increase in noise trader activities, in part driven by the development of fintech. This paper strives to educate readers on the term noise traders as well as fintech. Moreover, it argues that the evolvement of noise trader activities accompanied with fintech has increased equity market volatility over time. The study finds that equity market volatility has indeed increased over time and is not driven by periods of crisis. Furthermore, this increase in volatility is more severe for small stocks versus large stocks, which is in line with the …
Sloth Speed: Finance Classes Slow To Incorporate Important Research, Ellis Pristash
Sloth Speed: Finance Classes Slow To Incorporate Important Research, Ellis Pristash
Honors College Theses
Traditional finance contains many models which misrepresent human behavior. In order to mathematicise the field and make it more like hard sciences, economics in the 20th century presupposed that people act “rationally.” In economics, rationality means adherence to the neoclassical model, which presents persons as utility maximizers. This presupposition was useful for certain applications but dominated the academic landscape. Later, the Chicago School of Economics built on the rationality premise, advocating less regulation in favor of the free market. The Efficient Markets Hypothesis was built on these same ideas and argued that markets have a wisdom that individuals do not. …
Fintech Regulations In The United States Compared To Regulations In Europe And Asia, Victoria Williams
Fintech Regulations In The United States Compared To Regulations In Europe And Asia, Victoria Williams
Honors College Theses
Fintech, or financial technology, is an up and coming industry and yet at the same time has been around since the 1950s. In Europe and Asia, there has been a lot of innovation, and lawmakers have been forced to keep up with regulating the rapidly growing industry. However, the United States has not risen to the occasion of properly regulating this industry and can learn from countries in Europe and Asia on how to effectively regulate fintech. This essay explains generally what fintech is, why it must be properly regulated, how countries in Europe and Asia regulate it, and how …