Finance Commons^™

Mortgage Crisis: Exploring Incentives Prevalent During The Boom And Bust Of The 2001–2007 Mortgage Market, Justin P. Nowicki

Electronic Theses and Dissertations

The purpose of this thesis is to explain the mortgage market's behavior from 2001 through the first quarter of 2007 by discussing the economic incentives key market participants faced. By exploring incentives faced by key participants, a multifaceted yet logical explanation for the aggressive economic expansion and contraction appears. Throughout this paper I argue that the simultaneous acting upon of such incentives was fundamental to the market behavior and that the actions of each participant are, for the most part, understandable given the incentives that each faced. The paper will describe the monetary and cultural incentives underlying this behavior and …

The Evolution Of The Federal Reserve's Mandate In Response To The Global Financial Crisis: The Case For Financial Stability, Laurel Celastine Mazur

Electronic Theses and Dissertations

This thesis looks at the evolution of the Federal Reserve’s mandate and regulatory responsibilities as a result of the Global Financial Crisis. The onset of the crisis exposed the financial system to risks that had yet to be identified by the traditional microprudential regulatory framework, necessitating a rapid and unconventional response in order to prevent widespread financial collapse. Now, in 2015, as most of the scourges of the crisis are in the recent past, practitioners are beginning to not only pick up the pieces but attempting to reform the system to increase resilience in the future. One of the proposals …

A Comment On Christofferson, Jacobs, And Ornthanalia (2012), "Dynamic Jump Intensities And Risk Premiums: Evidence From S&P 500 Returns And Options", Garland Durham, John Geweke, Pulak Ghosh

Finance

No abstract provided.

Nova Southeastern University 2015 Annual Report, Nova Southeastern University

NSU Annual Reports

No abstract provided.

تأثير المزيج الترويجي للخدمات المصرفية في تحقيق رضا الزبون دراسة تحليلية لأراء عينة من الزبائن في بعض المصارف الاهلية في مدينة الديوانية, حيدر حمزه صالح

Muthanna Journal of Administrative and Economics Sciences

لقد تناول البحث الحالي احد العناصر الاساسية والحيوية في العمل التسويقي للمنظمات المصرفية من خلال استعراض احد الانشطة المهمة والمؤثرة في تحقيق اهدافها التسويقية والمتمثل بالمزيج الترويجي الذي يشتمل على خمسة متغيرات هي ( الاعلان، البيع الشخصي، تنشيط المبيعات، العلاقات العامة والنشر) وهدف البحث الى دراسة واقع المزيج الترويجي في المصارف الاهلية . واعتمد البحث جمع البيانات من عينة شملت (5) مصارف اهلية في مدينة الديوانية ، ولتحقيق هدف البحث قام الباحث بتوزيع استبانة عدت لهذا الغرض على مجتمع البحث المكون من الزبائن التابعة لهذه المصارف وشملت (78 ) زبون. وفي ضوء دلك جرى جمع و تحليل البيانات و اختيار …

Three Essays On Bond Trading, Brittany Cole

Electronic Theses and Dissertations

In Part 1, we study the impact of bond exchange listing in the US publicly traded corporate bond market. Overall, we find that listed corporate bonds have lower bid-ask spreads than unlisted corporate bonds. We specifically show that listed bond spreads are $0.14 lower than unlisted bond spreads. We find that execution venue matters for listed bonds, and that listed bond trades that execute on the NYSE have higher trading costs than listed bond trades that execute off-NYSE. We show that listed bonds are more volatile than unlisted bonds. Lastly, we study bond trading around earnings announcements. We find no …

Three Essays On Financial Econometrics, Jiang Liang

Dissertations and Theses Collection (Open Access)

This dissertation develops several econometric techniques to address three issues in financial economics, namely, constructing a real estate price index, estimating structural break points, and estimating integrated variance in the presence of market microstructure noise and the corresponding microstructure noise function. Chapter 2 develops a new methodology for constructing a real estate price index that utilizes all transaction price information, encompassing both single-sales and repeat-sales. The method is less susceptible to specification error than standard hedonic methods and is not subject to the sample selection bias involved in indexes that rely only on repeat sales. The methodology employs a model …

إشكالية العلاقة بين التنمية الاقتصادية وعدم الاستقرار السياسي في البلاد النامية (العراق أنموذجا), رشيد باني الظالمي, غسان طارق ظاهر

Muthanna Journal of Administrative and Economics Sciences

تناول موضوع البحث إثبات العلاقة القوية بين مشاريع التنمية والوضع السياسي في أي بلد. إن البلدان التي تعيش استقرارا سياسياً يمكنها أن تطبق برامج تنموية ناجحة، أما البلدان التي تعيش فوضى سياسية فإن مشاريعها التنموية سوف يصيبها الفشل وهذا ما تم إثباته في العراق من خلال البحث.منذ تأسيس الدولة العراقية والانقلابات العسكرية والحرب الأهلية لم تعرف الركود، وكانت فترة الحرب العراقية الإيرانية وحرب الكويت حتى هذا اليوم من أسوء الفترات التي عاشها المجتمع العراقي. إن عدم الاستقرار السياسي في العراق يعني غياب القانون وفوضى الأمن وتبديد الثروة، وهجرة أصحاب رؤوس الأموال، وكذلك يعني كما جاء في البحث غياب الخطط والبرامج …

التمكين النفسي: ثروة لتعزيز السلوك الريادي دراسة تحليلية لآراء عينة من تدريسي جامعة المثنى, كمال كاظم طاهر الحسني

Muthanna Journal of Administrative and Economics Sciences

تهدف الدراسة الى تمييز الدور الذي يمارسه التمكين النفسي في السلوك الريادي . تضمن التمكين النفسي اربعة ابعاد هي : المقدرة، المعنى، الكفاءة الذاتية والاثر. تمثلت عينة الدراسة بـ (80) تدريسي في ثلاث كليات في جامعة المثنى . اظهرت نتائج الدراسة وجود مستوى جيد من التمكين النفسي المدرك من قبل عينة الدارسة في كل الكليات المبحوثة وكانت القيمة العليا للتأثير ، المقدرة ، المعنى والاستقلالية . السلوك الريادي ايضا بلغ مستوى عالي للمتوسط الحسابي . اما اهم الاستنتاجات التي توصلت لها الدراسة هو وجود تأثير مهم للتمكين النفسي على السلوك الريادي .

Market Microstructure And Abnormal Returns: An Analysis Of Nyse And Sgx Securities, Alex Ng

Honors Theses

This paper investigates the differences in the abnormal returns of securities in the context of the earnings announcement in both the United States (NYSE) and Singapore (SGX) markets[1]. Despite the similarities between both exchanges, there exist two key market microstructure differences: the free float factor (i.e. the portion of listed share capital that is freely traded on the market) and lot size (i.e. the minimum number of shares that an investor can trade in a single transaction). While the difference in the lot size can be attributed to the intrinsic institutional differences between both exchanges, the involvement of …

Stock Market Theories, Anwar Shaikh Phd

Archives of Anwar Shaikh

This collection includes:

• Stock market theories folder notes by Anwar Shaikh, PhD (23-34_Stoc... p. 1)
• Interest rate nominal & real manuscript notes by Anwar Shaikh, PhD (23-34_Stoc... p. 4)
• Interest rates & inflation manuscript notes by Anwar Shaikh, PhD (23-34_Stoc... pp. 6, 9)
• Capitalism: real competition, turbulent dynamics, and global crises book outline and draft chapters by Anwar Shaikh, PhD (23-34_Stoc... pp. 11-12, 14, 16, 19)
• The new palgrave: a dictionary of economics excerpt by John Eatwell, Murray Milgate, and Peter Newman (23-34_Stoc... p. 29)
• Warranted price-earnings ratio charts and notes by Anwar Shaikh, PhD (23-34_Stoc... p. 42)
• Faculty course …

Three Essays On Merger Outcomes: Corporate Strategy, Bargaining Power, And Valuation Waves, Stephen N. Jurich

Electronic Theses and Dissertations

This dissertation consists of three essays on merger outcomes. In the first essay I classify mergers as value-increasing, neutral, or value-decreasing by measuring the change in the combined wealth of acquiring- and target-firm shareholders at the merger announcement date. I then test the role that strategic objectives and negotiation procedures play in driving value-increasing mergers. The results indicate that geographic expansion creates the largest combined increase in wealth. One-on-one negotiations correspond to greater increases in combined wealth, when compared to mergers that begin with auctions, third-party bids, or mutual discussions. The results of my study support both the strategic-alignment and …

مدى موازنة السلطة المالية بين إجراءات الفحص الضريبي وسرية المعلومات الضريبية ( دراسة تحليلية لآراء عينة من موظفي الهيئة العامة لضرائب ), مصطفى عبد الحسين علي المنصوري

Muthanna Journal of Administrative and Economics Sciences

يسعى البحث الى بيان مدى نجاح السلطة المالية في ضمان التزامها بالحفاظ على سرية المعلومات المتعلقة بالمكلفين في ضوء التزامها بتطبيق إجراءات الفحص الضريبي . لغرض تحقيق هدف البحث تم دراسة وتحليل اجراءات الفحص في القسم الشركات وقسم الرقابة والتدقيق واخذ حالات عملية للمكلفين , فضلا عن تصميم استبانة كأداة لجمع المعلومات وتم اختيار عينة من موظفي الهيئة العامة لضرائب . واعتمد الباحث في تحليل النتائج على الوسط الحسابي والانحراف المعياري والارتباط بيرسون لتحليل فقرات الاستبانة باستعمال البرنامج الاحصائي ( ssps ) . وتوصل البحث الى ان الهيئة العامة لضرائب ملتزمة بسرية المعلومات الضريبية المتعلقة بالمكلفين في الحدود التي اجازه …

Reverse Line Movements In Nfl Gambling: Parallels To Financial Market Biases And The Imitation Of Informed Bettor Strategies, Philip S. Crawford

CMC Senior Theses

Participants in the NFL gambling market can largely be divided into two distinct groups: informed bettors (“Sharps”) and uninformed bettors (“Squares”). Empirical and anecdotal evidence suggest that the dynamic between Sharp and Square bettors is very similar to that between institutional and retail investors. Professionals tend to be far better informed and utilize rational betting/investing strategies while individuals exhibit biases which perpetuate irrational strategies and therefore pricing inefficiencies. This study finds that uninformed participants in financial markets and the NFL betting market do share similar biases, and that these biases can be exploited by informed participants to generate positive excess …

Promoting Bold Investment In Renewable Energy Research And Development, Melanie C. Paty

CMC Senior Theses

This thesis discusses the potential for private investment to fund ambitious renewable energy research and development to help mitigate climate change. I begin by discussing the threat of global warming and a brief history of renewable energy development in the United States. Next, I discuss existing avenues for private investment in renewable energy, potential methods of increasing corporate participation, and the belief that businesses must maximize only financial profits. Then I perform an in-depth case study of pension funds that have incorporated a social or environmental mission, existing environmentally focused mutual funds, and liquidated clean energy mutual funds. Finally, I …

The Effects On Shareholder Wealth For Companies That Invest In Their Employees, Alison M. Threlfall

HIM 1990-2015

Companies have been known to reduce their costs by reducing their spending on employee benefits, but in the last decade there has been an increasing interest on how these decisions affect not just employee productivity and turnover, but also overall shareholder wealth and company profitability. This thesis seeks to answer whether companies that have a greater focus on their employee welfare and satisfaction are more financially stable and profitable than their competitors. The research and analysis consists of 40 companies, 20 highly rated by their employees paired with 20 of the worst companies according to employee opinion and benefits. Each …

The Case For Women In Financial Services, Thao Thanh Nguyen

Undergraduate Research Awards

Finance literature has been studying the gender gap and the roles of women in business and finance. Focusing on mutual fund management, this study revisits the idea by investigating the impact of gender-specific investing styles on the level of volatility involved with the funds. The initial hypothesis is that the performance of funds managed by females is less volatile compared to funds managed by males. If we have statistical evidence to show this hypothesis is valid, gender diversification should be encouraged in asset management. The empirical results show evidence that the participation of women in fund management lowers the ten …

Sustainable Microfinancing: Improving Microenterprise's Traditional Measures Of Success, Stephen R. Watson

Graduate Research Papers

Microfinance has over three decades of experience serving the needs of the poor on earth. Unfortunately, academia and the secular world are divided on its effectiveness to lift the impoverished from the bottom of the economic pyramid. India is the focus of this paper, but measures of microfinace success are essentially universal. This paper examines the metrics used to evaluate programs and their benefit to India's poor. Current estimates find 2.8 billion people survive on less than $2 per day. Subsistence living impacts nutrition, shelter, sanitation, transportation and access to healthcare and education. India's caste system creates discrimination and overpopulation …

The Impact Of Securitization And Bank Liquidity Shocks On Bank Lending: Evidence From The U.S., Peter V. Egly, Dave Jackson, David W. Johnk

School of Economics and Finance Faculty Publications

The securitization expansion preceding the 2007-2009 financial crisis introduced alternative liquidity sources and increased bank lending capacity. During the securitization expansion there was a rise and subsequent collapse of the subprime mortgage market. We investigate the impact of securitization and the subprime mortgage collapse on bank lending during the crisis. The results suggest that securitization, for the large and money-center bank, is a cost effective liquidity source since traditional bank funding costs play a diminished role in the supply of bank lending. We find that for the small and medium bank samples increases in REPO rates fostered lending during the …

Successfully Financing Classical Music Kickstarter Projects, Sarah Chung

Scripps Senior Theses

With the rise of technology and finance, crowdfunding has been uprising as a popular method of financing projects. Kickstarter provides an online platform in which anyone with Internet access can upload their own project “pitch” to gain funding for their idea on an all-or-nothing model. My thesis explores financial trends and factors that potentially contribute to a successful Kickstarter campaign within the classical music projects subcategory. I use a logistic regression and the Ordinary Least Squares model to examine a dataset of already successfully funded projects and a second dataset that contains both successfully and unsuccessfully funded projects that were …