Browsing Department of Finance and Real Estate by Title
Now showing items 3-22 of 45
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Causality And Volatility Spillover Effects On Sub-sector Energy Portfolios
(Finance & Real Estate, 2013-03-20)During a time of extensive crises related to energy sources, in particular fossil fuels, IPOs for alternative energy-related companies are a common occurrence. As new industries are created or old ones are revised, ... -
The Change In Financial Analysts' Forecast Attributes For Value And Growth Stocks
(Finance & Real Estate, 2007-09-17)This research will concentrate on the changes in earnings forecasts, forecast accuracy and forecast dispersion for growth and value stocks after Reg FD. Each topic is presented in a separate essay. The first essay tests ... -
COGNITIVE BIASES, STYLE INVESTING, AND STOCK RETURN PREDICTABILITY
(2017-04-28)This dissertation consists of three distinct essays. In the first essay, “Does Credit risk explain market’s participants ‘cognitive biases - Evidence from Anchoring Bias in Analysts’ Earnings Forecasts”, using anchoring ... -
Cointegration, Causality And Price Discovery In The NAFTA Markets: A Study Of Sector Indices And Trade Flow Data From The Perspective Of US Markets
(Finance & Real Estate, 2014-09-17)This dissertation examines the long-run linkage among the equity markets and sectors of the NAFTA economies by employing Cointegration and Vector Error Correction Model (VECM) framework. In addition, I also seek to identify ... -
Comparative Determinants Of International Equity Diversification
(Finance & Real Estate, 2008-08-08)This study provides a comprehensive, simultaneous comparison of the country and sector determinants of international diversification. Specifically, it bridges the theory between the cointegration methodology and diversification ... -
Comparing Market-based And Financial Statement-based Stock Valuation Models: Implications For Growth Expectations And Differences Across Time Periods
(Finance & Real Estate, 2012-07-25)Abstract: The value of a share of common stock in a publicly-listed company should be equal to the present value of the future cash flows the company is forecast to produce, andultimately pay out to its stockholders. ... -
CORPORATE CASH HOLDINGS, FIRM PERFORMANCE, AND CEO COMPENSATION
(2020-07-17)The dissertation consists of three essays. The first essay investigates the relationship between corporate cash holdings and firm performance in new and old economy firms. Results show that firm performance increases when ... -
Default Prediction For Commercial Mortgage Backed Securities
(Finance & Real Estate, 2007-08-23)Commercial mortgage default has become a topic of interest for a large number of parties due to the emergence and continued growth of the secondary mortgage market. With the multitude of parties holding a vested interest, ... -
Determinants Of Implied Volatility Movements In Individual Equity Options
(Finance & Real Estate, 2010-11-01)In this study, I introduce a parsimonious model that explains implied volatility time series for individual stock options. The current state of risk management for individual equity options still seems to lack the presence ... -
Diversification Benefits Of Real Estate Assets And Equity Assets In A Regional And Global Perspective
(Finance & Real Estate, 2007-09-19)The primary purpose of this dissertation is to utilize recently available and reliable high frequency transactions based data provided by FTSE EPRA/NAREIT and employ modern day time series techniques and recently developed ... -
Essays On Asset Pricing And Growth Effect
(Finance & Real Estate, 2008-08-08)This dissertation comprises two essays on growth effects and opportunities experienced by companies and their implications for asset pricing models. In the first essay, I develop and test a model to explain the empirically ... -
Essays On International Corporate Dividend Policy
(Finance & Real Estate, 2012-07-25)This dissertation is comprised of two essays on dividend policy. In the first part of the first essay, I ascertain whether the outcome, the substitution, or the predation model explains the relationship between dividend ... -
Essays On Option Market Information Content, Market Segmentation And Fear
(Finance & Real Estate, 2012-07-25)This dissertation consists of three essays. The first essay tests whether stock returns can be predicted using divergence from put-call parity. Using a robust methodology that controls for the early exercise premium of ... -
Essays on product market dynamics and corporate cash holdings across countries
(2017-05-05)My dissertation is composed of two essays that investigate two related yet distinct dynamics of product market and their influence on corporate cash holdings, and both are concerned with these dynamics being determinants ... -
Executive Compensation And Idiosyncratic Risk
(Finance & Real Estate, 2014-09-17)Executive compensation is a very heavily researched area in finance, accounting and management over the last three decades. However, there are several inconclusive issues. One of them is the relationship between idiosyncratic ... -
Fear and the Housing Market
(2016-05-11)In this dissertation, I use Google search frequency to construct a new measure of housing market-level sentiment and analyze its relation with housing prices. I term this measure as the Home Price Fear Index, or Fear Index ... -
Going Green - Impact On Residential Property Values
(Finance & Real Estate, 2009-09-16)Hedonic pricing model is generally used to empirically understand the relationship between various housing characteristics and the housing values. In the past hedonic studies have looked at the relationship between the ... -
The Impact Of Property Flipping On Single Family Detached Home Prices
(Business Administration, 2007-08-23)In 2003 HUD ruled that flipped properties, which are defined as recently acquired properties that have been resold, often within days, and for a substantial profit, are ineligible for FHA insured mortgage financing. This ... -
The Impact Of The Sarbanes-Oxley Act Of 2002 On The U.S. Financial Markets
(Finance & Real Estate, 2008-09-17)This dissertation examines the impact of the Sarbanes-Oxley Act (SOX) on the U. S. financial markets by investigating three topics: security analysts' performance, security analyst monitoring activity and firm value, and ... -
In Times Of Financial Distress: Perspectives From Valuation, Information Asymmetry And Returns
The dissertation addresses unanswered questions in asset valuation through the lens of financial distress in three different asset markets namely equity market, residential property market and REITs market. The first two ...