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Stock Returns And Noise Trading: Domestic And International Evidence, Rahul Verma
Stock Returns And Noise Trading: Domestic And International Evidence, Rahul Verma
Theses and Dissertations - UTB/UTPA
In recent years there has been a growing debate on the possible linkages between the behavioral aspects of investors and stock prices. The financial economics have become more receptive to imperfect rational explanations and in this regard, investor psychology has emerged as a major determinant of stock prices. Under this approach, the central task is to examine how stock prices are related not only to risks, but also to the noise (Hirshleifer, 2001). After decades of study, the sources of risk premium in purely rational dynamic models are well understood; while, dynamic psychology based asset pricing theories are still in …
The Effect Of Mergers And Acquisitions On The Wealth, Risk, And Efficiency Of Latin American Banks, Felice Policastro-Caccavale
The Effect Of Mergers And Acquisitions On The Wealth, Risk, And Efficiency Of Latin American Banks, Felice Policastro-Caccavale
Theses and Dissertations - UTB/UTPA
Over the last few years, mergers and acquisitions within Latin America's banking sector have significantly increased. From 1995 to 2003, Latin American countries experienced more than one thousand bank merger and acquisition deals. The majority of these mergers and acquisitions have occurred between domestic and foreign banks and, as a result, foreign banks now control more than fifty percent of the banking assets of Latin America's largest economies. In addition to the increased presence of foreign banks in Latin America, the process of mergers and acquisitions has reduced the number of banks in most Latin American countries and this has …