Other documents - Page 9 of 14 - Free Standards Download

Alliance capability, stock market response, and long‐term alliance success the role of the alliance function pdf download

This paper addresses two key questions: (1) what factors influence firms’ ability to build alliance capability and enjoy greater alliance success, where firm-level alliance success is measured in two ways: (a) abnormal stock market gains following alliance...

03-26

Twitter mood predicts the stock market pdf download

Abstract- _Behavioral economics tells us that emotions can profoundly affect individual behavior and decision-making. Does this also apply to societies at large, i.e. can societies experience mood states that affect their collective decision making? By extension is...

03-26

Trusting the Stock Market pdf download

We study the effect that a general lack oftrust can have on stock market participation.In deciding whether to buy stocks, investors factor in the risk of being cheated. The perception of this risk is a function of...

03-26

The information content of stock markets why do emerging markets have synchronous stock price movements pdf download

Stock prices move together more in poor economies than in rich economies. This finding is not due to market size and is only partially explained by higher fundamentals correlation in low-income economies. However, measures of property rights...

03-26

Stock Market Prices Do Not Follow Random Walks Evidence from a Simple Specification Test pdf download

In tbis article we test the random walk bypotbesis for weekly stock market returns by comparing vari-ance estimators derived. from data sampled at dif-ferent frequencies. Tbe random walk model is strongly rejectedfor tbe entire sample period (1962-1985)...

03-26

Stock market driven acquisitions pdf download

We present a model ofmergers and acquisitions based on stock market misvaluations of the combining firms. The key ingredients of the model are the relative valuations of the merging firms and the market’s perception of the synergies...

03-26

No Contagion, Only Interdependence Measuring Stock Market Comovements pdf download

Heteroskedasticity biases tests for contagion based on correlation coefficients. When contagion is defined as a significant increase in market comovement after a shock to one country, previous work suggests contagion occurred during recent crises.This paper shows that...

03-26

Investor Sentiment in the Stock Market pdf download

The first assumption, laid out in Delong, Shleifer, Summers, and Waldmann (1990)，is that investors are subject to sentiment. Investorsen timent, defined broadly, is a belief about future cash flows and investment risks that is not justified by...

03-26

Giving Content to Investor Sentiment The Role of Media in the Stock Market pdf download

I quantitatively measure the interactions between the media and the stock market using daily content from a popular Wall Street Journal column. I find that high media pessimism predicts downward pressure on market prices followed by a...

03-26

Financial literacy and stock market participation pdf download

Individuals are increasingly put in charge of their financial security after retirement.Moreover, the supply of complex financial products has increased considerably over the years. However, we still have little or no information about whether individuals have the...

03-26