Social and Behavioral Sciences Commons^™

Ex-Dividend Price Behavior In Spanish Speaking Markets: Do Stocks Behave Differently In Spain, Mexico, And Chile?, Kayla E. Nikosey

Honors Projects in Finance

The main focus of this thesis is to analyze the behavior of stock price on ex-dividend day of ADRs in Spain, Mexico, and Chile. Announcement date, and ex-dividend date for each ADR is collected to be analyzed against the other ADRs. One would expect different behaviors in the different markets because of different tax treatments in Chile, Mexico, and Spain. Traditional event testing is being used to analyze the stock price behavior on and around ex-dividend days. The event test measures the impact of regulatory events and allows for abnormal changes in stock prices that occur in conjunction with dividend …

The Discreet Trader, Seth Wing

Honors Projects in Finance

This paper examines insider trading, specifically trades by corporate insiders around quarterly earnings announcements. Announcements were broken up into three categories: earnings above analyst expectations, earnings below expectations, and earnings in line with expectations. Trade data was collected from the thirty companies of the Dow Jones Industrial Average from 2012-’13. The trades were sorted by purchases and sales by date and analyzed with the earnings report of which the trades were made. Only trades in the interval from twenty days before the announcement date to twenty days after the announcement date were considered. The prediction was that corporate insiders would …

Relationship Between Interest Rate And Bank Common Stock Return: Evidence From The Top 10 United States Banks And Financial Sector Index, Hieu Trung Tran

Honors Projects in Finance

This research paper investigates the effect of changes in long-term interest rates on the returns of the top 10 US banks included in the Financial Sector Index. There are three main parts of this paper.

The first part uses the Augmented Dickey-Fuller (ADF) test to test the “Random Walk” of banks’ common stock returns. Based on the test’s results, returns of banks’ common stock do not solely follow the “Random Walk”.

In the second part, the Two-Factor Arbitrage Pricing Theory is employed to test the effect of changes in long-term interest rate on the return of banks’ common stocks. The …