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Full-Text Articles in Business
Evaluating The Performance Of Real Estate Exchange-Traded Funds, Davinder K. Malhotra
Evaluating The Performance Of Real Estate Exchange-Traded Funds, Davinder K. Malhotra
School of Business Faculty Papers
This study examines the net monthly returns of real estate exchange-traded funds (ETFs) through various performance evaluation models and market situations. The results reveal that these ETFs generated positive alphas and outperformed benchmark indices in absolute returns. However, their performance varied across market conditions, demonstrating both outperformance and underperformance compared to U.S. and global stocks. During the COVID-19 pandemic, real estate ETFs displayed a decline, trailing behind U.S. and global equities in both absolute returns and risk-adjusted performance. This emphasized their vulnerability during economic crises. Utilizing the Carhart four-factor model, significant exposure of real estate ETFs to the stock market …
The Effect Of Off-Site Examination: A Natural Experiment After Covid-19, Whan Kyu Shin
The Effect Of Off-Site Examination: A Natural Experiment After Covid-19, Whan Kyu Shin
Olin Business School Electronic Theses and Dissertations
I examine the effectiveness of off-site bank examinations by using the natural experiment during COVID-19. Exploiting the difference in the amount of soft information and in the effect of the change to off-site examination between the banks far from the supervisory field office and those near the field office, I find that distant banks increase asset risk regarding RWA to asset ratio and become less conservative in anticipating or preparing for future losses from loan portfolios. I also show that distant banks that adjust the loan portfolio to be riskier are less profitable, and the effect is prominent among the …
The Financial Impact Of The American Rescue Plan Act (Arpa) On The Population Health Of Knox County, Zachary Christopher Coover
The Financial Impact Of The American Rescue Plan Act (Arpa) On The Population Health Of Knox County, Zachary Christopher Coover
Chancellor’s Honors Program Projects
No abstract provided.
When Does Csr Payoff?, John A. Doukas, Rongyao Zhang
When Does Csr Payoff?, John A. Doukas, Rongyao Zhang
Finance Faculty Publications
We investigate whether firms engaging in corporate social responsibility (CSR) can preserve firm value during normal and unprecedented exogenous adverse events. Our evidence shows, in regular times, a negative relation between CSR engagement and firm value, but under adverse economic conditions, CSR protects firm value by decreasing firm risks. We also find that firms with high managerial attributes engage in greater CSR activities that benefit shareholders in both normal and aberrant financial times. Despite the controversy surrounding CSR, our evidence points out that CSR can be viewed as a set of intangible assets that can improve firm value across good …