Open Access. Powered by Scholars. Published by Universities.®
Social and Behavioral Sciences Commons™
Open Access. Powered by Scholars. Published by Universities.®
Articles 1 - 3 of 3
Full-Text Articles in Social and Behavioral Sciences
Two Essays On Retail Trading, Qiqi Liang
Two Essays On Retail Trading, Qiqi Liang
Theses and Dissertations in Business Administration
Essay 1: Retail investors from the discount broker Robinhood swarm into stocks with pending earnings announcements and stay away from them immediately after the announcements. We study four competing explanations for this phenomenon: liquidity provision, informed trading, lottery preference, and attention-induced herding by noise traders. We find strong evidence that, immediately around earnings announcements, Robinhood investors’ behavior is primarily driven by attention-induced noise trading. Our results offer new insights into retail traders’ motivation for trading when they face heightened uncertainty from earnings announcements. Our study also goes beyond Barber et al.’s (2022) limited focus on the top 0.5% of the …
Two Essays On Industry Tournament Incentives, Sarah Almisher
Two Essays On Industry Tournament Incentives, Sarah Almisher
Theses and Dissertations in Business Administration
A large body of literature has developed on the disparities in compensation among chief executive officers. Financial media has highlighted the fact that CEOs in the United States receive excessive pay and that the gap among executive compensation is soaring. High compensation creates incentives for CEOs to take higher risk in firm policies to land a more attractive position managing another firm and attaining higher pay which is considered the ultimate prize (Kale, Reis, and Venkateswaran 2009; Coles, Daniel, and Naveen 2006). This creates a tournament in the managerial labor market. We define this tournament as the pay differential between …
Firm Capabilities, Great Power Competition, And The Structural Reshaping Of Globalization, Samuel Wilson
Firm Capabilities, Great Power Competition, And The Structural Reshaping Of Globalization, Samuel Wilson
Theses and Dissertations in Business Administration
The changing nature of modern globalization has given rise to strategic competition between great power states, who utilize global firms and policy interventions in commercial markets to pursue state-level objectives. Multinational executives operating in global markets must contend with the consequences of great power competition between countries like the US and China, developing novel strategies and capabilities to defend firm performance in the face of trade wars and geopolitical confrontation. Through the analysis of risk factor disclosures of foreign multinational firms operating in China, as well as cases of Chinese economic and industrial espionage against US firms, this study utilizes …