A total of eleven papers in this volume represent recent research
on important topics in finance. The contributions include analyses
of issues relating to asset prices, the behavior of stock returns,
and capital-raising activities. Hodges, et al. employ stochastic
dominance arguments to show that the efficiency of time
diversification depends on the degree of autocorrelation in
security returns. In their study of the announcement effects of
ninety-three minority equity investments, Chan, et. al. find a
neutral stock price response on average for acquiring firms but a
significantly positive response for selling firms. Nguyen, et al.
provide evidence on the returns structure of U.S. information
technology stocks surrounding the bursting of the internet bubble
in early 2000. In a study of the informational effects of auditor
reputation, Godby and Mahar, Jr. find that implied volatilities for
firms audited by Andersen have increased relative to those for
firms audited by other Big Five firms. Charaput and Chang find that
the usage of installment receipts enhances liquidity in Canadian
secondary equity offerings.
The contributions to this volume also examine important issues in
international finance and financial institutions. Brailsford, et
al. use a VECM technique to examine Purchasing Power Parity and
causality between the yen and the dollar. Sarmas studies the impact
of Hong Kong's fixed exchange rate system and Singapore's floating
exchange rate system on the correlation between the US and the two
respective countries' stock markets. Povel develops a theoretical
model to explain multiple banking as a commitment device. Baer, et
al. develop a model and empirically examine how thecreation of a
futures clearinghouse can reduce the need for margin in bilateral
and multilateral settings. Roberts and Siddiqi provide an empirical
analysis of the link between collateralization and the number of
lenders in private debt contracts. Finally, Tripp et al.
empirically examine the relative efficiency of single versus
multiple common bond credit unions.
General
Is the information for this product incomplete, wrong or inappropriate?
Let us know about it.
Does this product have an incorrect or missing image?
Send us a new image.
Is this product missing categories?
Add more categories.
Review This Product
No reviews yet - be the first to create one!
Welcome to Loot.co.za!
Sign in / Register |Wishlists & Gift Vouchers |Help | Advanced search
