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Finance and Financial Management

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2018

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Articles 391 - 395 of 395

Full-Text Articles in Business

The Impact Of Mass And Active Shooting Incidents On Residential Real Estate Values, Claire Sherman Jan 2018

The Impact Of Mass And Active Shooting Incidents On Residential Real Estate Values, Claire Sherman

Honors Theses

Gun control as a response to gun violence is currently at the forefront of political debate in the United States. The foundation of this paper revolves around crime and real estate supported by background literature detailing external effects on real estate prices to set up the framework for the research on mass shootings and residential real estate values. The findings in this paper are based on 73 events involving mass shootings in the United States from 1996 to 2015. I find that the effect of mass shooting events plays a significant role in the decline in real estate values following …

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Behavioral Finance: A Survey Of Financial Literature, Quincy Hendricks Jan 2018

Behavioral Finance: A Survey Of Financial Literature, Quincy Hendricks

Honors Theses

Using academic studies and financial literature from over 40 researchers, I investigate if behavioral finance causes investors to not always act in a rational manner. In this thesis, I review the literature on investor behavior and outline the situational factors that contribute to investment decisions that are not consistent with the theory of rational expectations. In particular, I synthesize the departure from the theoretical standard due to gender bias, risk-taking, over confidence based on gender as well as institutional compared to individual investors, investor biases, external environmental influences, and lastly, herd behavior.

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Three Essays On Ceo Risk Preferences, And Ability, Corporate Hedging Decisions, And Investor Sentiment, Sonik Mandal Jan 2018

Three Essays On Ceo Risk Preferences, And Ability, Corporate Hedging Decisions, And Investor Sentiment, Sonik Mandal

Finance Theses & Dissertations

The derivative hedging research has looked at why firms and how firms hedge and if it increases value for their shareholders. In this dissertation we investigate the relation between CEO risk preferences and ability and whether if affects their hedging decisions and firm value.

In our first essay, we challenge the theory and previous empirical evidence that showed CEO risk preferences affects hedging. Using a sample of Fortune 500 firms and 5 years of panel data, and using inside debt (i.e., CEO pension and deferred compensation) and the CEO Vega and CEO Delta, as proxies of CEO risk preferences, we …

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Liquidity Policies And Financial Fragility, Danilo Lopomo Beteto Wegner Dec 2017

Liquidity Policies And Financial Fragility, Danilo Lopomo Beteto Wegner

Danilo Lopomo Beteto Wegner

This paper proposes an endogenous model of the formation of financial networks, where government and central bank policies that aim at enhancing market liquidity play a key role. Under these policies, large and less liquid investments become more profitable, but to finance them banks need to resort to the interbank market. This makes the structure of the financial network - and its associated exposure to shocks, i.e., fragility - to be dependent on liquidity policies chosen by the government and central bank. It is shown that, despite increasing the capitalization of the banking system, policies that enhance liquidity can make …

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Between Kinship And Commerce: Fiduciaries And The Institutional Logics Of Family Firms, Elisabeth Brooke Harrington, Vanessa Strike Dec 2017

Between Kinship And Commerce: Fiduciaries And The Institutional Logics Of Family Firms, Elisabeth Brooke Harrington, Vanessa Strike

Brooke Harrington

In this study we explore how the institutions of kinship and commerce are integrated within family businesses.
Previous research shows that family firms’ characteristic synthesis of institutional logics often unravels during
intergenerational successions; however, it remains unclear how this process can be arrested, or by whom. Through
inductive analysis, we offer a novel insight: outside advisors can act as surrogates for family in this integrative
role. Specifically, we identify fiduciaries—professionals with special client obligations—as key actors in preserving
family firms’ viability as commercial enterprises and kinship groups. Our findings contribute to theories of family
businesses, professions, and institutions.

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