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Articles 78511 - 78540 of 658456

Full-Text Articles in Social and Behavioral Sciences

Are West Virginia Banks Unique?, Eduardo Minuci, Scott Schuh Sep 2022

Are West Virginia Banks Unique?, Eduardo Minuci, Scott Schuh

Economics Faculty Working Papers Series

Many factors contribute to weak economic growth in Appalachia, but little research has examined the role of banking heterogeneity and efficiency across states. This paper documents how West Virginia (WV) banks' financial behavior differs from other U.S. banks and shows these differences cannot be explained fully by the composition of banks in the state. Despite experiencing faster banking consolidation, West Virginia still has more and smaller banks that are less efficient and profitable. WV banks' customers and managers heavily favor liabilities (time deposits) and assets (real estate loans) with longer maturity and lower risk and returns. Although shares of time …


Rosenberg Institute For East Asian Studies At Suffolk University Annual Report For 2021-2022, Rosenberg Institute Sep 2022

Rosenberg Institute For East Asian Studies At Suffolk University Annual Report For 2021-2022, Rosenberg Institute

Rosenberg Institute Annual Reports

These reports summarize the activities of the Rosenberg Institute during the academic year, including information related to public programming, visiting scholars, cooperation with the Asian Studies program at Suffolk College of Arts & Sciences, promotion of Suffolk's Asia-related activities, community outreach, and funding. Most reports also contain photographs of scholars, staff, and events.


The Effects Of False Heartbeat Feedback On Moral Judgment, Scott Koenig Sep 2022

The Effects Of False Heartbeat Feedback On Moral Judgment, Scott Koenig

Dissertations, Theses, and Capstone Projects

Research on human morality is at a crossroads, with one side claiming that moral judgment is the result of rational inference and the other side claiming that it is the result of emotion-laden intuition. This study investigated whether emotion drives moral judgment by manipulating a core component of the experience of emotion: physiological arousal. The sample consisted of 77 undergraduate students at Brooklyn College (57% women, 43% men; mean age = 20.1). One group of participants was led to believe their heart was beating quickly, and another group slowly, while they read and evaluated a series of text vignettes depicting …


Carceral Calisthenics: Physical Culture In The Hood, Albert L. De La Tierra Sep 2022

Carceral Calisthenics: Physical Culture In The Hood, Albert L. De La Tierra

Dissertations, Theses, and Capstone Projects

How do racialized men who reside in structurally marginalized locales that are putatively regarded as “the hood” navigate and manage their social conditions? This dissertation sheds light on this question by treating “street workout,” a physical culture centered around calisthenics exercises performed in public space, as an empirical site for generating a situated understanding of how some Black men assert themselves in social space at the same time that they are asserted upon by social forces. Taking an ethico-onto-epistem-ological stance that refuses the colonial gaze (a ubiquitously employed optic that dehumanizes racialized people), this dissertation asks: (1) What embodied practices …


Essays On Machine Learning Methods In Economics, Mani Bayani Sep 2022

Essays On Machine Learning Methods In Economics, Mani Bayani

Dissertations, Theses, and Capstone Projects

This dissertation consists of three chapters on machine learning modeling in economics. Chapter 1 - Robust PCA Synthetic Control: In this chapter, I propose an algorithm for comparative studies called robust PCA synthetic control. My algorithm builds on the synthetic control model of Abadie et al., 2015 and the robust synthetic control model of Amjad et al., 2018. I apply all three methods (robust PCA synthetic control, synthetic control, and robust synthetic control) to answer the hypothetical question, what would have been the per capita GDP of West Germany if it had not reunified with East Germany in 1990? I …


Essays On Impacts Of Women Empowerment On The Health Outcomes Of Children, Sagnik Das Sep 2022

Essays On Impacts Of Women Empowerment On The Health Outcomes Of Children, Sagnik Das

Dissertations, Theses, and Capstone Projects

Chapter 1: Taking cognizance of the lack of representation of women in politics, the Indian government in 1993, enacted the 73rd constitutional amendment which led to a sudden increase in the representation of women in the local governments. Exploiting the exogenous variation in the timing of implementation of the 73rd amendment across the states, I study the spillover effects of this mandated empowerment of women on the health outcomes of children by using nationally representative survey data and employing a difference-in-difference estimation strategy. In this study, I find evidence of a positive impact of mandated women empowerment on the survival …


Problematic Social Media Use, Social Comparison, And Defeat: An Intensive Longitudinal Investigation, Natalia Macrynikola Sep 2022

Problematic Social Media Use, Social Comparison, And Defeat: An Intensive Longitudinal Investigation, Natalia Macrynikola

Dissertations, Theses, and Capstone Projects

Self-injurious thoughts and behaviors (SITBs) have steadily risen over the past two decades. The simultaneous dramatic increase in social media use has fueled concerns that using social media may be contributing to suicide risk. Although an emerging body of evidence reveals associations between certain patterns of social media use and SITBs, most research studies have not been designed to assess the temporal order of these variables and have neglected to investigate mechanisms underlying such associations. As a result, whether and how social media use may be conferring suicide risk remains unclear. To address this gap, the present study examined a …


Consciousness, Culture, And Comradeship: Narratives Of South African Exile And Anti-Apartheid Activism In West Berlin, Claudia R. Crowie Sep 2022

Consciousness, Culture, And Comradeship: Narratives Of South African Exile And Anti-Apartheid Activism In West Berlin, Claudia R. Crowie

Dissertations, Theses, and Capstone Projects

Exile is still an emotionally and politically charged topic and experience in South African history. It evokes emotional and contrasting responses in relation to its role in the struggle for liberation of the Black majority, and reveals tensions along organizational lines in relation to the contributions, influences, and outcomes of the ANC, PAC and the BCM. In this dissertation, I focus on a small group of exiles of various political persuasions in the 1980s, who arrived in West Berlin as exiles in the late 1970s and 1980s, most remaining until the ANC came to power in the first democratic election …


Examining The Linguistic Ideology "Throaty Sounds Are Bad For Performers": The History Of Negative Attitudes Towards Glottal Stops And Laryngealization In English, Dayle M. Towarnicky Sep 2022

Examining The Linguistic Ideology "Throaty Sounds Are Bad For Performers": The History Of Negative Attitudes Towards Glottal Stops And Laryngealization In English, Dayle M. Towarnicky

Dissertations, Theses, and Capstone Projects

This thesis analyzes explicit metadiscourse (Johnstone et al 2006) on throaty sounds, primarily focused on glottal segments and non-modal constricted voice quality in English. Authors contributing to this metadiscourse are argued to be an offshoot of the speech chain network which valorized and circulated the English accent known as RP or Received Pronunciation, studied by Agha (2003). The evaluated texts center on English-speaking elocution, singing training, voice, speech, and voice care. The analysis shows glottal and guttural articulations are framed negatively and often discouraged by appeals to both health and aesthetics. Many authors in this performance speech chain network …


Historical Ecology Of Norse Greenland: Zooarchaeology And Climate Change Responses, Konrad Smiarowski Sep 2022

Historical Ecology Of Norse Greenland: Zooarchaeology And Climate Change Responses, Konrad Smiarowski

Dissertations, Theses, and Capstone Projects

This thesis invokes Historical Ecology approach to better understand human impacts on marine and terrestrial ecosystems, and the creation of cultural landscapes and seascapes in Norse Greenland. It also investigates climate impacts on human economic strategies, as they vary substantially by island and region in the North Atlantic but were especially important in arctic Greenland.

The analysis centers on the animal bone data and uses both existing and newly generated zooarchaeological collections to contribute to the study of Norse Greenland and its place in human ecodynamics research. The newly analyzed archaeofauna shows that the culturally Nordic European settlers used to …


Comparing The Environmental And Social Factors Of Uk And Us Firms: A Case For Stringent Disclosure Regulation, Jasmine Pybas Sep 2022

Comparing The Environmental And Social Factors Of Uk And Us Firms: A Case For Stringent Disclosure Regulation, Jasmine Pybas

Dissertations, Theses, and Capstone Projects

Variation in “good” corporate behavior can be observed across countries. Corporate social re- sponsibility (CSR) can be measured with a quantifiable environmental, social, and governance (ESG) score, which was developed in part from investor demand. ESG scores are popular among investors to make sound, responsible investment decisions and corporations to demonstrate their commitment to sustainable business practices. In a comparison of environmental and social fac- tors of US and UK firms among three industries, the British outperform their American counter- parts. The degree of disclosure regulation by their respective financial authoritative bodies ac- counts for this discrepancy.


Drag, Drugs, And Demonstrations: Cultural Subversion Under Capitalism, Nicholas Kade Edwards Sep 2022

Drag, Drugs, And Demonstrations: Cultural Subversion Under Capitalism, Nicholas Kade Edwards

Dissertations, Theses, and Capstone Projects

In this essay, I will define cultural institutionalization and articulate the ways in which the phenomenon modulates subversive countercultural movements and integrates them into Western, capitalist cultural structures. I will then illustrate my theory of cultural institutionalization by analyzing three historical case studies of subversive countercultural movements in the United States. The first of which will be the drag queen phenomenon, which provides the most convincing case for the theory in the artistic sphere. Secondly, I will address a more explicitly political movement, the black liberation movement and its various permutations: the civil rights movement, the black power movement and …


Essays On Futures Market And Machine Learning, Jonathan J. Lopez Camara Sep 2022

Essays On Futures Market And Machine Learning, Jonathan J. Lopez Camara

Dissertations, Theses, and Capstone Projects

Chapter 1 - Big Data And Machine Learning To Predict Overnight Interest Rates. This paper is a brief introduction to the two main pieces I have elaborated as part of the dissertation. Here, I explain the reasons why I have done my research about predicting the overnight interest rates for Mexico and the United States using big data and machine learning models. I explain the connection between the two research papers, I define some basic concepts such as future contracts and the overnight funding rate for Mexico. There is a summary about the data I use, and the machine learning …


Past Actions And Expertise: How States Infer Enemy Intentions, Yu Aoki Sep 2022

Past Actions And Expertise: How States Infer Enemy Intentions, Yu Aoki

Dissertations, Theses, and Capstone Projects

Whether and how a state’s past military (in)actions affect perceptions of its resolve and intentions has been disputed. This dissertation argues that non-experts and experts in governments use enemy past actions differently to infer enemy resolve and intentions. Experts are those who have rich knowledge about enemies (e.g., country specialists and intelligence analysts), whereas non-experts are those who do not (e.g., top policymakers). The theory argues that non-experts are influenced by what psychologists call the “negativity bias,” which compels them to pay more attention to negative information than positive information concerning enemies. On the other hand, building on experimental findings …


Water Insecurity And Gender-Based Violence: A Global Review Of The Evidence, Paula S. Tallman, Shalean Collins, Gabriela Salmon-Mulanovich, Binahayati Rusyidi, Aman Kothadia, Stroma Cole Sep 2022

Water Insecurity And Gender-Based Violence: A Global Review Of The Evidence, Paula S. Tallman, Shalean Collins, Gabriela Salmon-Mulanovich, Binahayati Rusyidi, Aman Kothadia, Stroma Cole

Anthropology: Faculty Publications and Other Works

We reviewed the existing literature documenting the association between water insecurity and gender-based violence to (1) describe the characteristics and contexts of available studies, and (2) identify and classify documented gender-based violence across domains of water insecurity (access, affordability, adequacy, reliability, and safety). 18 peer-reviewed articles mentioned associations between water insecurity and gender-based violence. All studies were conducted in sub-Saharan Africa and South Asia and were published in English. The most common manifestation of the relationship between water insecurity and gender-based violence was an increased risk of sexual and physical violence for women who walked long distances to access water. …


The Asymmetric Effects Of External Debt On Economic Growth In Selected Mena Countries: Some Insights From A Panel Quantile Regression, Mahmoud Haddad, Refk Selmi, Shawkat Hammoudeh Sep 2022

The Asymmetric Effects Of External Debt On Economic Growth In Selected Mena Countries: Some Insights From A Panel Quantile Regression, Mahmoud Haddad, Refk Selmi, Shawkat Hammoudeh

Topics in Middle Eastern and North African Economies

The increased level of debt is a major risk for the financial stability and questions the ability of countries to balance fiscal vulnerabilities with development goals. With the rising debt wave and additional pressures induced by the pandemic and the Russian/Ukrainian war on sources of development finance, this study uses a panel quantile regression to re-examine the asymmetric relationship between the external debt and economic growth in six highly indebted MENA countries, namely, Bahrain, Egypt, Jordan, Lebanon, Morocco and Tunisia over the period 2006-2019. The outcomes support the main hypothesis that high debt reduces economic growth, yet this effect seems …


Dino Shindig 2022, Carter County Museum, Megan Tanner Schultz Sep 2022

Dino Shindig 2022, Carter County Museum, Megan Tanner Schultz

Institute for Tourism and Recreation Research Publications

This study was conducted for the Carter County Museum to provide insight into the characteristics of attendees of the 2022 Dino Shindig. Surveys on site implemented via a tablet and iForm survey software were collected and a post-event web survey were completed by a total of 84 attendees and/or participants of the event. Results show that 54% of respondents were residents of Montana and of those Montana residents, 18% were from Carter County. Results provide event organizers and the Carter County Museum with useful data for future event planning, making improvements to the event, event marketing/promotion, and understanding the visitor …


Montana Travel Experience Survey: Summary Report, Kara Grau Sep 2022

Montana Travel Experience Survey: Summary Report, Kara Grau

Institute for Tourism and Recreation Research Publications

This summary report highlights select findings from the nonresident 2021-2022 Montana Travel Experience Survey. Data included here were collected from late May, 2021 through June, 2022. 1,327 surveys were collected. Questions included topics related to visitors’ use of public lands, trip planning, and questions for first time and repeat visitors.


Montana Trends: Montanans' Consumer Confidence & Expectations For Income, Travel, And Recreation, Carter Bermingham, Matthew Pettigrew, Megan Schultz, Josh Martin Sep 2022

Montana Trends: Montanans' Consumer Confidence & Expectations For Income, Travel, And Recreation, Carter Bermingham, Matthew Pettigrew, Megan Schultz, Josh Martin

Institute for Tourism and Recreation Research Publications

This report is a summary of Montana residents and their expectations related to spending, personal income, travel, and recreation over the next 12 months. ITRR conducted a similar study in 2019, aimed at understanding the current trends of consumer confidence in addition to residents' expectations for travel plans over a one year time horizon. Since that time, much has changed, including the COVID-19 pandemic and increased demand for the MT tourism industry, rising gas prices, and inflation at historic levels. This report highlights residents' sentiments regarding fuel prices, personal income, and travel.


The Impact Of Information-Seeking Self-Efficacy And Online Learning Self-Efficacy On Students’ Performance Proficiency, Yingqi Tang, Hungwei Tseng, Xingyi Tang Sep 2022

The Impact Of Information-Seeking Self-Efficacy And Online Learning Self-Efficacy On Students’ Performance Proficiency, Yingqi Tang, Hungwei Tseng, Xingyi Tang

Research, Publications & Creative Work

This study surveyed 359 online undergraduate and graduate students regarding their information-seeking self-efficacy, online learning self-efficacy, and performance proficiency. A mediation model was conducted to examine the direct effect of students' online learning self-efficacy on their performance proficiency and the mediation effect of information-seeking self-efficacy. Multivariate correlational analysis showed that all three variables significantly correlated. Of the three variables, online learning self-efficacy has the strongest correlation to performance proficiency, while the variable with the least amount of correlation is between online-learning and information-seeking efficacies. Moreover, a significant regression equation showed that students' average performance proficiency increased by 0.359 for each …


Development Of A Personalized Shared Decision-Making Tool For Knee Osteoarthritis And User-Testing With African American And Latina Women, Lynne C Jones, Anne M Maurer, Michael L Parks, Philip C Noble, Carla Harwell, Melvyn Harrington, Katherine G Bay, Charles L Nelson, Mary I O'Connor Sep 2022

Development Of A Personalized Shared Decision-Making Tool For Knee Osteoarthritis And User-Testing With African American And Latina Women, Lynne C Jones, Anne M Maurer, Michael L Parks, Philip C Noble, Carla Harwell, Melvyn Harrington, Katherine G Bay, Charles L Nelson, Mary I O'Connor

Faculty, Staff and Student Publications

BACKGROUND: Patients with chronic knee pain are often unaware of treatment options and likely outcomes-information that is critical to decision-making. A consistent framework for communicating patient-personalized information enables clinicians to provide consistent, targeted, and relevant information. Our objective was to user-test a shared decision-making (SDM) tool for chronic knee pain.

METHODS: A cross-functional team developed a Markov-based health economics model and tested the model outputs with patient panels, patient and clinician focus groups, and clinical specialists. The resulting SDM tool was user-tested in a parallel-designed, randomized controlled study with 52 African American and 52 Latina women from geographically representative areas …


Multimodel Order Independent Component Analysis: A Data-Driven Method For Evaluating Brain Functional Network Connectivity Within And Between Multiple Spatial Scales, Xing Meng, Armin Iraji, Zening Fu, Peter Kochunov, Aysenil Belger, Judith Ford, Sara Mcewen, Daniel H Mathalon, Bryon A Mueller, Godfrey Pearlson, Steven G Potkin, Adrian Preda, Jessica Turner, Theo Van Erp, Jing Sui, Vince D Calhoun Sep 2022

Multimodel Order Independent Component Analysis: A Data-Driven Method For Evaluating Brain Functional Network Connectivity Within And Between Multiple Spatial Scales, Xing Meng, Armin Iraji, Zening Fu, Peter Kochunov, Aysenil Belger, Judith Ford, Sara Mcewen, Daniel H Mathalon, Bryon A Mueller, Godfrey Pearlson, Steven G Potkin, Adrian Preda, Jessica Turner, Theo Van Erp, Jing Sui, Vince D Calhoun

Faculty, Staff and Student Publications

Background:

While functional connectivity is widely studied, there has been little work studying functional connectivity at different spatial scales. Likewise, the relationship of functional connectivity between spatial scales is unknown.

Methods:

We proposed an independent component analysis (ICA)-based approach to capture information at multiple-model orders (component numbers), and to evaluate functional network connectivity (FNC) both within and between model orders. We evaluated the approach by studying group differences in the context of a study of resting-state functional magnetic resonance imaging (rsfMRI) data collected from schizophrenia (SZ) individuals and healthy controls (HC). The predictive ability of FNC at multiple spatial scales …


Epigenetic Grimage Acceleration And Cognitive Impairment In Bipolar Disorder, Camila N C Lima, Robert Suchting, Giselli Scaini, Valeria A Cuellar, Alexandra Del Favero-Campbell, Consuelo Walss-Bass, Jair C Soares, Joao Quevedo, Gabriel R Fries Sep 2022

Epigenetic Grimage Acceleration And Cognitive Impairment In Bipolar Disorder, Camila N C Lima, Robert Suchting, Giselli Scaini, Valeria A Cuellar, Alexandra Del Favero-Campbell, Consuelo Walss-Bass, Jair C Soares, Joao Quevedo, Gabriel R Fries

Faculty, Staff and Student Publications

Bipolar disorder (BD) has been previously associated with clinical signs of premature aging, including accelerated epigenetic aging in blood and brain, and a steeper age-related decline in cognitive function. However, the clinical drivers and cognitive correlates of epigenetic aging in BD are still unknown. We aimed to investigate the relationship between multiple measures of epigenetic aging acceleration with clinical, functioning, and cognitive outcomes in patients with BD and controls. Blood genome-wide DNA methylation levels were measured in BD patients (n = 153) and matched healthy controls (n = 50) with the Infinium MethylationEPIC BeadChip (Illumina). Epigenetic age estimates were calculated …


Revisiting Sex Differences In The Acquisition And Extinction Of Threat Conditioning In Humans, Zhenfu Wen, Jamie Fried, Edward F Pace-Schott, Sara W Lazar, Mohammed R Milad Sep 2022

Revisiting Sex Differences In The Acquisition And Extinction Of Threat Conditioning In Humans, Zhenfu Wen, Jamie Fried, Edward F Pace-Schott, Sara W Lazar, Mohammed R Milad

Faculty, Staff and Student Publications

Findings pertaining to sex differences in the acquisition and extinction of threat conditioning, a paradigm widely used to study emotional homeostasis, remain inconsistent, particularly in humans. This inconsistency is likely due to multiple factors, one of which is sample size. Here, we pooled functional magnetic resonance imaging (fMRI) and skin conductance response (SCR) data from multiple studies in healthy humans to examine sex differences during threat conditioning, extinction learning, and extinction memory recall. We observed increased functional activation in males, relative to females, in multiple parietal and frontal (medial and lateral) cortical regions during acquisition of threat conditioning and extinction …


Burn On, Don't Burn Out: Factors That Promote Longevity In Ministry, Gary William Simpson Sep 2022

Burn On, Don't Burn Out: Factors That Promote Longevity In Ministry, Gary William Simpson

Electronic Theses and Dissertations

Abstract

Scientific literature in the social sciences is rife with studies on burnout and how this phenomenon affects those in various occupations, especially the helping professions. Clergy members are not immune to the influence and effects of burnout. The rate at which clergy members are affected by burnout is evidenced in the documented shortage of clergy currently serving churches and the paucity of ministers going into ministry. The purpose of this study was not to reiterate the effects of burnout on clergy members, but to discover and to explore those factors which promote longevity in ministry. This study used an …


Perceived Burdensomeness And Thwarted Belongingness Influence The Childhood Polyvictimization And Suicide Ideation Association Among Hispanic Undergraduates, Claire Hsieh, Ruby Charak, Ines Cano-Gonzalez, Leo Gonzalez, Michelle E. Roley, Joseph D. Hovey Sep 2022

Perceived Burdensomeness And Thwarted Belongingness Influence The Childhood Polyvictimization And Suicide Ideation Association Among Hispanic Undergraduates, Claire Hsieh, Ruby Charak, Ines Cano-Gonzalez, Leo Gonzalez, Michelle E. Roley, Joseph D. Hovey

Psychological Science Faculty Publications

The present study examined the mediating effect of perceived burdensomeness (PB) and thwarted belongingness (TB) in the association between childhood polyvictimization and suicide ideation (past week) among 528 Hispanic college students. Nearly 10% reported polyvictimization, 19.8% had suicide ideation, and polyvictimization was a risk factor of suicide ideation through PB and TB. The indirect effect through PB was stronger than the indirect effect through TB. Interventions should focus on PB and TB to alleviate suicide ideation among Hispanic undergraduate students.


Clinical And Demographic Differences By Sex In Autistic Venezuelan Children: A Cross-Sectional Study, Andy Torres, Cecilia Montiel-Nava Sep 2022

Clinical And Demographic Differences By Sex In Autistic Venezuelan Children: A Cross-Sectional Study, Andy Torres, Cecilia Montiel-Nava

Psychological Science Faculty Publications

Background

Sex differences in symptom severity and adaptive function in children with ASD have been historically inconsistent and studies are predominantly from American- and European-residing populations. Alike, there is limited information on the complex interplay between sex, intelligence, adaptive function, and autism symptom severity; this is crucial to identify given their predictive value for health outcomes in autism

Aim

This study aimed to identify sex differences in autism symptom severity and adaptive function in a sample of Venezuelan children.

Method

One-hundred-and-three Venezuelan children ages 3–7 completed a comprehensive assessment for symptom severity, adaptive functioning, and intelligence.

Results

Sex differences were …


Contextualizing The Organizational Mindset, Joseph A. Carpini, Burak Oc Sep 2022

Contextualizing The Organizational Mindset, Joseph A. Carpini, Burak Oc

Research Collection Lee Kong Chian School Of Business

Although Schneider and Pulakos (2022, p. 2) call for scholars to adopt an “organizational mindset,” which includes “an increased organizational frame of reference on variables of interest,” the authors have overlooked the importance of contextualizing such a mindset. Contextualizing “entails linking observations to a set of relevant facts, events, or points of view that make possible research and theory that form part of a larger whole” (Rousseau & Fried, 2001, p. 1). Contextualizing is essential because it provides a common vernacular that facilitates the valid and reliable extension of the industrial-organizational (I-O) mindset to the study of organizational differences and …


Overnight Returns, Daytime Reversals, And Future Stock Returns, Ferhat Akbas, Ekkehart Boehmer, Chao Jiang, Paul D. Koch Sep 2022

Overnight Returns, Daytime Reversals, And Future Stock Returns, Ferhat Akbas, Ekkehart Boehmer, Chao Jiang, Paul D. Koch

Research Collection Lee Kong Chian School Of Business

A higher frequency of positive overnight returns followed by negative trading day reversals during a month suggests a more intense daily tug of war between opposing investor clienteles, who are likely composed of noise traders overnight and arbitrageurs during the day. We show that a more intense daily tug of war predicts higher future returns in the cross section. Additional tests support the conclusion that, in a more intense tug of war, daytime arbitrageurs are more likely to discount the possibility that positive news arrives overnight and thus overcorrect the persistent upward overnight price pressure.


Corporate Actions And The Manipulation Of Retail Investors In China: An Analysis Of Stock Splits, Sheridan Titman, Chi Shen Wei, Bin Zhao Sep 2022

Corporate Actions And The Manipulation Of Retail Investors In China: An Analysis Of Stock Splits, Sheridan Titman, Chi Shen Wei, Bin Zhao

Research Collection Lee Kong Chian School Of Business

We identify a group of “suspicious” firms that use stock splits, perhaps along with other activities, to artificially inflate their share prices. Following the initiation of suspicious splits, share prices temporarily increase, and subsequently decline below their presplit levels. Using account level data from the Shanghai Stock Exchange, we find that small retail investors acquire shares in firms initiating suspicious splits, while more sophisticated investors accumulate positions before suspicious split announcements and sell in the postsplit period. We also find that insiders sell large blocks of shares and obtain loans using company stock as collateral around the initiation of suspicious …