Browsing Department of Finance and Real Estate by Title
Now showing items 33-45 of 45
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Rational Expectations or Behaviorally Inefficient Markets
(2020-06-05)In this dissertation, I examine the rational investment hypothesis, postulated by classical theories, in mutual fund and portfolio management settings. My first two essays focus on mutual fund investors. I study whether ... -
Reassessing Anomalies And Puzzles
(Finance & Real Estate, 2014-07-14)While standard asset pricing models assume a frictionless environment and investors are risk-averse individuals who maximize their utility based on all the available information in real time. The asset pricing literature ... -
Stock Options: To Expense Or Not To Expense. A Comparison Of Economic Determinants, Firm Payoffs, And Pay-performance Sensitivity Of Executive Stock Option Compensation
(Finance & Real Estate, 2007-08-23)Until June 2005, firms had a choice in accounting for stock option compensation. The majority of firms elected to disclose option compensation expense in the footnotes of their financial statements. However, after the ... -
Strategic Exercise Of Options On Non-traded Assets And Stochastic Volatility In An Incomplete Market: Indifference Pricing And Entropy Methods
(Finance & Real Estate, 2007-08-23)The first study explores optimal investment policies for strategic option exercise when the underlying project is not traded. A duopoly model captures strategic interactions, while a partial spanning asset models market ... -
THE EFFECT OF INVESTOR SENTIMENT ON EARNINGS MANAGEMENT
(2020-08-10)The association between investor sentiment and corporate reporting decisions/outcomes has been recently examined in the accounting and finance literature. As an important outcome of corporate reporting decisions, earnings ... -
THE IMPACT OF FRESH EYES: HOW A CHANGE IN THE ENGAGEMENT TEAM IMPACTS THE REPORTING OF INTERNAL CONTROL MATERIAL WEAKNESSES
(2021-05-07)Regulators have repeatedly debated mandatory auditor rotation. Proponents emphasize the benefits that a new auditor brings, specifically, improved independence and a fresh perspective, leading to higher quality audits. ... -
Three essays on international mutual fund flows
(2022-06-13)In this dissertation, I investigate the comprehensive relationship of international mutual fund flows among markets. While my first essay presents the unprecedent findings of commonality in mutual fund flows and global ... -
Three essays on leverage, informative trading, and option implied information
This study will take a three-prong approach to examine the role high-leveraged option trades have in determining the informational content of options market trading. First, I closely observe the structure of the volatility ... -
Three Essays On Market Anomalies And Efficient Market Hypothesis
(Finance & Real Estate, 2014-03-10)This dissertation consists of three distinct essays. The first essay investigates the risk interpretation of the investment premium by empirically examining the fundamental view versus the sentimental view. I use VAR to ... -
Three Essays on Political Contributions and Firm Performance
(2022-08-12)The interaction of politics with financial markets and the macroeconomy has received increasing attention in recent years. Extant literature identifies the significant impact of political connections on firm value. However, ... -
Three Essays On Real Estate Equities And Real Estate Investment Trusts
(Finance & Real Estate, 2010-11-01)This dissertation consists of three distinct essays. The first essay provides initial empirical evidence on the usefulness of consumer confidence index and investor optimism index in predicting REIT price movements. I find ... -
Threshold Effects In Volatility Spillovers: The Case Of Equity, Bond And Foreign Exchange Markets
(Finance & Real Estate, 2012-07-25)Most research on volatility spillovers across countries and various asset class returns model volatility as conditional variance and assume a linear relationship in spillovers. The risk measured as conditional variance is ... -
TWO ESSAYS ON HOW DO INVESTORS PERCEIVE THE OPTIMAL CAPITAL STRUCTURE AND AN ESSAY ON MUTUAL FUND VOLATILITY DECOMPOSITION AND MANAGER SKILL
(2021-08-02)This dissertation explores the rational investment hypothesis proposed by classical theories at the stock and portfolio (mutual fund) level. My first two essays focus on the risk associated with the composition of debt and ...