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Full-Text Articles in Economics
Finance And Fear: Sentiment, Media, And Financial Markets During The Covid-19 Pandemic, Alison N. Sommers
Finance And Fear: Sentiment, Media, And Financial Markets During The Covid-19 Pandemic, Alison N. Sommers
Honors Theses
This thesis aims to build on existing research of market psychology and the effect of sentiment on financial markets. The main objective of this study is to determine the ability of investors to make rational decisions during the most recent period of high sentiment. The anomalies that have occurred in the stock market can be better understood by market psychology which focuses on the biases and social factors that influence investors. The media is a newly relevant factor impacting the volume of sentiment present in the market. A review of literature reveals that many studies of sentiment and financial market’s …
Banking Efficiency Within The World’S Largest Banks: Application Of Data Envelopment Analysis To The Global Financial Crisis Of 2008, Devin Coffey
Honors Theses
The world’s financial system is one of the globe’s most powerful structures, however the institutions that make up this network of banking firms are certainly not immune to the pressures of market globalization and technical innovation that drive change within the financial landscape. In order to exist within such an environment, the world’s largest commercial banks must constantly reevaluate the ways in which they function in order keep pace in the competitive market. The objective of this paper is to examine the efficiency of ten of the world’s largest commercial banks during the period spanning from 2006 to 2015. Utilizing …
Breaking The Back: The Continuous Battle Over The Bank Of England 1694-1715, Brendan Callanan
Breaking The Back: The Continuous Battle Over The Bank Of England 1694-1715, Brendan Callanan
Honors Theses
England during the seventeenth century experienced unprecedented political and economic transformation. The rise and fall of the British monarchy, the subsequent political ascendance of Parliament and centralization of the state, sustained economic and commercial growth, and incessant wars abroad during the latter years of the century, contributed to a volatile political climate during the final years of the 1600s that contrasted greatly with the landscape earlier in the century. Specifically, said developments especially affected England’s landed aristocracy. Their cherished ideology of order suffered significant setbacks as both the expanded reach of the state and the new economic ideology that stressed …
Innovation And Finance: A Firm Level Analysis On Emerging Markets, Emily Zangrillo
Innovation And Finance: A Firm Level Analysis On Emerging Markets, Emily Zangrillo
Honors Theses
Economic theory suggests that the more financially constrained a firm, the lower its ability to allocate resources for innovation. I test this theory using firm-level survey data that covers 29 Eastern European and Central Asian countries. The survey is conducted in 2002, 2005, and 2009, and covers nearly 12,000 enterprises. I construct two baseline probit models to test the impact of financial constraints on firms’ ability to innovate a new product or upgrade an existing product. Existing literature suggests that the more financially constrained a firm, the less likely they are to innovate. Previous studies have also noted the reverse …
Capitalism In Ancient Rome And Ancient Greece: Risk And Unethical Business, Sam Goldman
Capitalism In Ancient Rome And Ancient Greece: Risk And Unethical Business, Sam Goldman
Honors Theses
This thesis compares the business practices of the upper classes of ancient Greece, and ancient Rome. Specifically, I dissect the business decisions that were made with an effort to increase social status. I will focus on the relationship between the social perception of material wealth and the risk or (unethical business practices) that ancient members of the upper classes faced when they attempted to increase their material wealth. In my first chapter I look at the issuance of maritime loans and the risk associated with this type of finance. I discuss the origin of the business, some of the factors …
Do Structured Products Increase Social Welfare?, Eric Langner
Do Structured Products Increase Social Welfare?, Eric Langner
Honors Theses
Structured products are a rapidly growing type of financial engineering which allow firms to design solutions to meet the individual needs of investors. A structured product is a contract between a financial firm and its client. It involves packaging together traditional and exotic securities, commodities, and options generating a defined payout structure for the client. I ask whether these products enhance social welfare. I argue that, on balance, structured products increase social welfare. I find that while the products are complicated, they are not designed to hide risks nor are they likely to be a source of financial fragility. Rather, …