Industry Integration And Stock Price Synchronicity,
2017
Singapore Management University
Industry Integration And Stock Price Synchronicity, Hao Cheng, Kian Guan Lim, Tien Foo Sing, Long Wang
Research Collection Lee Kong Chian School Of Business
This paper provides an alternative explanation of the negative relationship between price synchronicity and proprietary right protection that are uncorrelated to the information hypothesis. Using empirical data for 40 countries, we show that stock market volatility and firm size have significant impact on stock price synchronicity. We find significant correlations of international R2 disparity with industry structure integrations. The derived industry integration indices that capture industry correlations significantly explain cross-sectional and temporal variations in price synchronicity. The results imply that tighter industry integration leads to higher R2, and also explain away the property rights factor found in the information hypothesis.
Shades Of Darkness: A Pecking Order Of Trading Venues,
2017
Singapore Management University
Shades Of Darkness: A Pecking Order Of Trading Venues, Albert J. Menkveld, Bart Zhou Yueshen, Haoxiang Zhu
Research Collection Lee Kong Chian School Of Business
We characterize the dynamic fragmentation of U.S. equity markets using a unique data set that disaggregates dark transactions by venue types. The "pecking order" hypothesis of trading venues states that investors "sort" various venue types, putting low-cost-low-immediacy venues on top and high-cost-high-immediacy venues at the bottom. Hence, midpoint dark pools on top, non-midpoint dark pools in the middle, and lit markets at the bottom. As predicted, following VIX shocks, macroeconomic news, and firms' earnings surprises, changes in venue market shares become progressively more positive (or less negative) down the pecking order. We further document heterogeneity across dark venue types and …
Effects Of Winning Percentage On Men’S Collegiate Basketball After Investments In Facilities,
2017
Purdue University
Effects Of Winning Percentage On Men’S Collegiate Basketball After Investments In Facilities, Matthew D. Frank
Purdue Polytechnic Directed Projects
Throughout studying the impacts of investments on facilities and its potential impacts on Men’s Basketball overall success within the conferences we were able to find some indicators that would suggest the financial investments do have an impact but we would need to study more teams to see a possible statistical significance. Although statistical significance was not found within the current study (.13 was found with an alpha set at .10) my suggestion and observations throughout this study show that facilities play a major role in the overall success of a program and spending will continue to take place as the …
Is Google Search Behavior Related To Volatility? Incorporating Google Trends Data Into A Garch Model For Equity Volatility,
2017
Claremont McKenna College
Is Google Search Behavior Related To Volatility? Incorporating Google Trends Data Into A Garch Model For Equity Volatility, Timothy De Silva
Undergraduate Economic Review
Intuitively, one would expect that internet search volume would contain valuable information about investor sentiment for a company. With the development of new data sources, such as Google Trends, this relationship can be more easily and objectively examined. This paper seeks to examine the relationship between a company’s stock price volatility and its Google search volume. A small cross-section of twenty companies is considered, and the goal of this paper is to demonstrate the power of Google Trends data in hope of initiating further research. Using a conventional GARCH framework for financial market volatility, an economically and statistically significant contemporaneous …
A Dual-Role Analysis Of Game Form Misconception And Cognitive Bias In Financial And Economic Decision Making,
2017
University of New Orleans
A Dual-Role Analysis Of Game Form Misconception And Cognitive Bias In Financial And Economic Decision Making, Chinedum D. Nwadiora
LSU New Orleans Theses and Dissertations
The endowment and the framing effect are widely examined cognitive biases. The experimental economics literature, using choice data gathered through an elicitation device, commonly finds evidence of these biases. Recent work by Cason & Plott (2014) shows that the interpretation of choice data as consistent with biases related non-standard preference theory could also be consistent with confusion or misconception of the game type used to elucidate preferences. I use the Cason and Plott card auction framework to analyze offers of buyers and sellers in an experimental setting with subjects from the University of New Orleans simulating 97 sellers and 90 …
Essays On Financial Intermediation,
2017
Washington University in St. Louis
Essays On Financial Intermediation, Yong Kyu Gam
Doctor of Business Administration Dissertations
Chapter 1 investigates a regulatory spillover effect of the Basel III liquidity standard on the real economy through a series of difference-in-difference estimations. Since the Basel Committee’s official endorsement for the new liquidity regulation in December 2010, a bank exposed to high liquidity risk reduced its loan proportion significantly, making a negative real effect on its surrounding economy via a bank-lending-channel. The new regulation also induced a bank with a weak liquid balance sheet to raise its deposit rate aggressively, generating a liquidity problem in a nearby local bank through a deposit-competition-channel and ultimately curbing an expansion of the local …
Banking And Microfinance Performance: Market Power, Efficiency, Performance, Outreach And Sustainability Perspectives,
2017
University of New Orleans
Banking And Microfinance Performance: Market Power, Efficiency, Performance, Outreach And Sustainability Perspectives, Nazar S. Mustapha
LSU New Orleans Theses and Dissertations
This dissertation consists of two empirical papers that explore recent phenomena in Banking and Microfinance Performance. Chapter 1, “Market Power and Bank Performance in MENA Countries,” examines the determinants of market power in 12 Middle Eastern and North African (MENA) countries in the aftermath of the Global Financial Crisis (GFC), specifically within six Gulf Cooperation Countries and six non-Gulf countries. We examine the dynamics of bank competition in MENA countries, provide an up-to-date assessment of market power, investigate the factors impacting bank competition, and explore the evolution of market power during the financial crisis. Our results show an overall increase …
Managing And Analyzing Cash Flow,
2017
Andrews University
Managing And Analyzing Cash Flow, Annetta M. Gibson
Faculty Publications
Presentation for SPD 2017 Business Professional Convention May 18, 2017
A Systems Approach To Revenue Fluctuation In Nonprofit Human Service Organizations,
2017
Abilene Christian University
A Systems Approach To Revenue Fluctuation In Nonprofit Human Service Organizations, Joshua James Hunter
Electronic Theses and Dissertations
Nonprofit Human Services Organizations (NPO) are normally considered to do all they can to work toward providing clients with optimal services (Bowman, 2011). What has not been considered is the possibility that NPOs sometimes allocate more revenue toward accumulating profit than toward generating services. This study used IRS 990 Forms of 150 private nonprofits from 2009 to 2010 to investigate whether NPOs did this at the peak of the recent recession, a time when there was a strong need for NPOs to increase their level of services. Results showed revenue increased 56%, services increased 1.4%, profit increased 43%, operating margin …
Business Plan: Peacock Financial Advising,
2017
Gallaudet University
Business Plan: Peacock Financial Advising, Kevin Peacock
Undergraduate University Honors Capstones
This business plan presents a service-based business, Peacock Financial Advising, which provides fee-only financial advice. Targeting the deaf and signing community, Peacock Financial Advising will provide investment, budgetary, and tax planning advice to educate and provide tools for clients so that they can build a solid financial foundation.
Blockchain Technology: Digitizing The Global Financial System,
2017
Bridgewater State University
Blockchain Technology: Digitizing The Global Financial System, John Frechette
Honors Program Theses and Projects
Recent technological innovations have sparked massive restructurings across the entire global economy. Despite the changes that have already taken place, an underutilized and emerging technology, known as “blockchain,” has the potential to disrupt every segment of the financial services sector. Using information and data accessed through the Bridgewater State library database, analyst reports, news articles, and the Bloomberg Terminal, this paper details the intricacies of blockchain technology, determines its potential effect on the global financial system, and reflects on its initial implementation with the creation of Bitcoin currency. While Bitcoin, a new cryptocurrency first invented in 2008, drew attention to …
The Implementation Of Financial Literacy Education In Public High School Classrooms,
2017
University of South Carolina
The Implementation Of Financial Literacy Education In Public High School Classrooms, Shelby Olsen
Senior Theses
Due to the changing financial marketplace and the increased burden of financial decisions upon consumers there is a need for increased financial literacy among consumers. This thesis discusses and assesses promoting financial literacy within public high school classrooms to help provide students with the financial knowledge to confidently make informed financial decisions during their transition towards independence and into their adult lives. A strong financial literacy initiative within public high schools will help close the financial literacy gap created by little to no concrete financial education or parental background knowledge. This thesis will compile readily available curriculums and materials on …
One Hundred Dollars Now Or A Half Million Dollars Later?,
2017
Augustana College, Rock Island Illinois
One Hundred Dollars Now Or A Half Million Dollars Later?, Phuong Nguyen, Dr. Sheila Goins
Celebration of Learning
Most people do not think about retirement savings early enough and miss years of compound interest earnings. According to Investopedia, the average 55-64 year old American has approximately $104,000 in retirement savings, which translates into $310 income per month. The prospect of millions of seniors living well below the poverty level is not ideal. The purpose of our study is to determine if different methods of envisioning the future can prompt millennials to increase their savings early in life. Land-use management experts use a “backcasting” approach to generate future scenarios that enable planners to easily identify strategies to achieve those …
Dr. Harold C. Smith Fund Of Ursinus College Official Prospectus, May 2, 2017,
2017
Ursinus College
Dr. Harold C. Smith Fund Of Ursinus College Official Prospectus, May 2, 2017, Johnathan Myers, Benjamin R. Klybor, Isaac Abrams, Daan Slaats, Parker Wolf, Sam Sjosten, Scott Deacle
Ursinus Student-Managed Investment Fund Prospectus
This prospectus contains investment strategy and performance for the following stocks in the managed fund: Enanta Pharmaceuticals, Garmin Ltd., Pioneer Natural Resources and WalMart Stores, Inc.
Caught In The Headlights: Revising The Road Kill Hypothesis Of Antebellum Illinois Bank Failures,
2017
Ursinus College
Caught In The Headlights: Revising The Road Kill Hypothesis Of Antebellum Illinois Bank Failures, Scott N. Clayman, Scott Deacle, Andrew J. Economopoulos
Business and Economics Faculty Publications
Illinois had a dismal free banking experience, with over 80% of its free banks failing by the start of the Civil War. Researchers agree that a dramatic change in bond prices was the catalyst, and some have shown that the riskiest banks, ex ante, were the most likely to fail. This study examines how Illinois free banks adjusted their portfolios in the face of increased political and financial risks prior to Abraham Lincoln’s election as president. Lincoln’s nomination in May 1860 and the Democratic Party schism in June 1860 raised the likelihood of secession and the potential for a significant …
Banking The Unbanked In The Philippines,
2017
Singapore Management University
Banking The Unbanked In The Philippines, Singapore Management University
Perspectives@SMU
The Ayala Group brought together two of its subsidiaries, Globe Telecom and Bank of the Philippines Island, to bring banking services to 80 percent of the country
2017 Q2 Private Capital Access Index Report,
2017
Pepperdine University
2017 Q2 Private Capital Access Index Report, Craig R. Everett
Pepperdine Private Capital Access Report
The Pepperdine Private Capital Access Index (PCA) is a quarterly indicator produced by the Graziadio School of Business and Management at Pepperdine University, and with the support of Dun & Bradstreet. The index is designed to measure the demand for, activity, and health of the private capital markets. The purpose of the PCA Index is to gauge the demand of small and medium sized businesses for financing needs, the level of accessibility of private capital, and the transparency and efficiency of private financing markets.
Financial Assessment Of Agricultural Lands At Risk To Coastal Salt Marsh Migration In Relation To Climate Change Induced Sea Level Rise In Dorchester County, Maryland,
2017
Clark University
Financial Assessment Of Agricultural Lands At Risk To Coastal Salt Marsh Migration In Relation To Climate Change Induced Sea Level Rise In Dorchester County, Maryland, Jewell Porter
Sustainability and Social Justice
The increasing rate and effects of sea level rise is a major environmental concern in the Chesapeake Bay. This paper evaluates the impacts of rising sea level on coastal salt marshes and the surrounding agricultural lands at risk in Dorchester County, Maryland to build off existing environmental monitoring work performed by NOAA’s Sentinel Site Program. The results of the spatial analysis were used to estimate monetary benefits to incentivize farmers to protect these marshes by making their land available for marsh migration to occur. Looking at three scenarios of sea level rise and marsh migration, grain crops (corn, soybeans, and …
Crowdfunding: Financing Ventures In The Digital Era,
2017
Singapore Management University
Crowdfunding: Financing Ventures In The Digital Era, Srinivas K. Reddy, Yee Heng Tan
Research Collection Lee Kong Chian School of Business
Over the past few years, digital platforms have emerged as a new way to disrupt industries. These platforms not only connect riders and drivers, like Uber, or hosts and guests, like Airbnb, but also ventures and funders. Crowdfunding platforms like Lendingclub or Kickstarter have gained widespread visibility and acceptance in recent years. Crowdfunding was virtually non-existent until 2010 but has been growing exponentially since 2010. In 2015, the volume rose to US$34.4 billion, slightly surpassing the venture capitalist industry and is expected to continue growing quickly.
Can Tweets Predict Intraday Stock Price Movements?,
2017
Bryant University
Can Tweets Predict Intraday Stock Price Movements?, Diwas Puri
Honors Projects in Finance
Twitter is a microblogging platform where over 320 million people post about things that matter to them in less than 140 characters. People post about their happiness, sadness, pride, disappointments, love, hate, expectations and other feelings. Nowadays, a popular trend has come up in which data from Twitter, can be gathered and analyzed in real time to see how people react to a particular situation including changes in stock markets. This research focuses on looking into the relationship, if any, between public mood from Twitter and the stock market returns by analyzing the Tweets about four major companies in consumer …
