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- Board Structure (1)
- Commonality (1)
- Corporate Governance (1)
- Corporate Lobbying, CEO Political Ideology, Corporate Governance, Agency Problem, Excess Returns (1)
- Emerging markets (1)
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- Equity Traded Fund (1)
- Financial constraints. (1)
- Firm investment (1)
- Government Ownership (1)
- International equity markets (1)
- Oil price risk (1)
- Segmented markets, Islamic finance, emerging markets, asset pricing, investor recognition, Behavioral Finance, Stock Return Co-movement, Liquidity. (1)
- Stock market liquidity (1)
- Volatility (1)
Articles 1 - 4 of 4
Full-Text Articles in Business
Dividend Policy In A Frontier Market And Sector Equity Traded Funds In The United States, Abdulrahman Alharbi
Dividend Policy In A Frontier Market And Sector Equity Traded Funds In The United States, Abdulrahman Alharbi
University of New Orleans Theses and Dissertations
In chapter 1, we examine the nature and scale of the relationship between returns on sector Equity Traded Funds (ETFs) and their volatility. We discuss the source and direction of the effect between returns and risk and whether behavioral biases are prominent among sector ETFs. The study has implications for financial sector practitioners and investors, as it provides more information about the risk in sector ETF and whether that risk differs from that of other investment instruments. To this end, we test three hypotheses based on the relevant literature on volatility and returns: the leverage effect hypothesis, feedback hypothesis, and …
Global Market Liquidity And Corporate Investments, Abdulrahman Alhassan
Global Market Liquidity And Corporate Investments, Abdulrahman Alhassan
University of New Orleans Theses and Dissertations
The dissertation consists of two essays. The first essay investigates how oil market factors impact on liquidity commonality in global equity markets. I identify two transmitting channels of the effect on liquidity commonality, namely oil price return and volatility. Using a sample of firms drawn from 50 countries spanning from Jan 1995 to Dec 2015, I find that both effects in oil explain the liquidity commonality in countries with higher integration to oil market. In addition, I show that oil volatility effect is more pronounced in net oil exporters compared to net oil importers after controlling for oil sensitivity. My …
Social Norms And Stock Trading, Asem Alhomaidi
Social Norms And Stock Trading, Asem Alhomaidi
University of New Orleans Theses and Dissertations
The dissertation consists of two essays. In the first essay we compare the performance of Islamic and conventional stock returns in Saudi Arabia in order to determine whether the Saudi market exhibits characteristics that are consistent with segmented markets and investor recognition effects. We sample the daily stock returns of all Saudi firms from September 2002 to 2015 and calculate important measures, including idiosyncratic volatility (Ang et al, 2006), market integration (Pukthuanthong and Roll, 2009), systematic turnover (Loughran and Schultz, 2005), and stock turnover and liquidity (Amihud, 2002). Integration tests report that Islamic stocks are more sensitive to changes in …
Political Contributions And Firm Performance: Evidence From Lobbying And Campaign Donations, Omer Unsal
Political Contributions And Firm Performance: Evidence From Lobbying And Campaign Donations, Omer Unsal
University of New Orleans Theses and Dissertations
The following dissertation contains two distinct empirical essays which contribute to the overall field of Financial Economics. Chapter 1 titles as “Corporate Lobbying, CEO Political Ideology and Firm Performance”. We investigate the influence of CEO political orientation on corporate lobbying efforts. Specifically, we study whether CEO political ideology, in terms of manager-level campaign donations, determines the choice and amount of firm lobbying involvement and the impact of lobbying on firm value. We find a generous engagement in lobbying efforts by firms with Republican leaning-managers, which lobby a larger number of bills and have higher lobbying expenditures. However, the cost of …