Open Access. Powered by Scholars. Published by Universities.®
- Publication
- Publication Type
Articles 1 - 3 of 3
Full-Text Articles in Finance
The Impact Of Immigration On Financial Markets, Jesse Baker
The Impact Of Immigration On Financial Markets, Jesse Baker
All Graduate Plan B and other Reports, Spring 1920 to Spring 2023
This paper studies the impact of immigration policy on financial markets. I estimate the cumulative abnormal returns surrounding two events the effective start date of the Immigration Act of 1990 and the implementation of the Temporary Protected Status (TPS) of Nicaragua and Honduras in 1999. Focusing on agriculture, construction, and manufacturing firms, I find that the CARs surrounding the events are indeed positive and significant, suggesting that the market anticipated growth among industries that are likely to hire Central American immigrants.
Range-Based Volatility, Expected Stock Returns, And The Low Volatility Anomaly, Benjamin M. Blau, Ryan J. Whitby
Range-Based Volatility, Expected Stock Returns, And The Low Volatility Anomaly, Benjamin M. Blau, Ryan J. Whitby
Economics and Finance Faculty Publications
One of the foundations of financial economics is the idea that rational investors will discount stocks with more risk (volatility), which will result in a positive relation between risk and future returns. However, the empirical evidence is mixed when determining how volatility is related to future returns. In this paper, we examine this relation using a range-based measure of volatility, which is shown to be theoretically, numerically, and empirically superior to other measures of volatility. In a variety of tests, we find that range-based volatility is negatively associated with expected stock returns. These results are robust to time-series multifactor models …
Financial Fitness: Selecting A Credit Card, Liz Gorham Ph.D, Marsha A. Goetting Phd
Financial Fitness: Selecting A Credit Card, Liz Gorham Ph.D, Marsha A. Goetting Phd
All Archived Publications
Consumers who want to save interest charges on large loans, such as a home mortgage or auto loan, usually comparison shop for the "best deal." Comparison shopping for a credit card is also an excellent practice because terms and conditions of the account can make a difference in how much consumers pay for the privilege of borrowing. Consumers are often amazed at some of the "hidden" costs of some credit cards. With information in this fact sheet, Utahns can compare credit card terms they have already accepted with offers received in the mail and or over the telephone. The goal …