Browsing Department of Finance and Real Estate by Title
Now showing items 17-36 of 45
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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 ... -
INSTITUTIONAL INVESTORS AND CROSS-BORDER MERGERS AND ACQUISITIONS: THE 2000-2012 PERIOD
(2017-05-12)Using mergers and acquisitions (M&As) from 26 countries between 2000 and 2012, I examine the role of foreign and domestic institutional investors in cross-border M&As. I have several findings. First, both foreign and ... -
INTERNATIONAL EVIDENCE ON THE EFFECT OF ECONOMIC POLICY UNCERTAINTY ON STOCK MARKET LIQUIDITY
(2021-05-12)In this dissertation, I investigate the impact of economic policy uncertainty on stock market liquidity across a broad cross-section of countries. My dissertation is composed of three distinct yet related essays. My first ... -
Investor Overconfidence And Option Trading
(Finance & Real Estate, 2013-07-22)This study examines investor overconfidence theory in the options market. The theory suggests that investors who experience high returns become overconfident in their security valuation and trading skills, and therefore ... -
MANAGERS’ POLITICAL IDEOLOGY AND DEBT
(2022-08-12)**Please note that the full text is embargoed until 8/11/2024** ABSTRACT: This dissertation investigates the effect of managers’ political ideology and their level of managerial conservatism on their firms in the credit ... -
Measurement Issues In The Capital Asset Pricing Model & Size Effect And Duration
(Finance & Real Estate, 2013-03-20)It has been observed that the value of an asset's beta varies with the frequency of the data used to generate the value, a phenomenon hereafter referred to as "time scale", or simply "scale". If the scale effect is strong ... -
Merger Means of Payment and Analyst Biases around Merger Announcement Date
(2016-04-18)I find strong evidence that analysts report downward-biased earnings estimates on acquiring firms when the earnings announcement date is within a 60-day window prior to the merger and acquisition (M&A) announcement date. ... -
Mortgage Lending In The Dallas Ft. Worth Metroplex: Screening For Racial Bias Using HMDA Data
(Finance & Real Estate, 2007-08-23)This study will look at loan data to screen for potential lending discrimination in the Dallas-Ft. Worth Metroplex. The data used for screening purposes is the 2003 Home Mortgage Disclosure Act (HMDA) Loan Application ... -
Mutual Funds: Governance and Holdings
(2020-09-02)In this dissertation I examine the role of governance and holdings within the mutual funds industry to determine if active managed fund strategies are affecting fund flows and increasing returns. My first two essays focus ... -
Penny Stocks, Market Microstructure, And Analyst Forecasts
(Finance & Real Estate, 2013-03-20)The first essay of this dissertation deals with the relationship between previous earnings, earnings forecasts, and future returns. I found that stocks with the worst previous earnings and the worst earnings forecasts ... -
Price Discovery Of Credit Risk
(Finance & Real Estate, 2009-09-16)This study investigates financial markets' price discovery for credit risk across the stock, bond, and credit derivatives markets. This study also examined what factors affect financial market's price discovery for credit ... -
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 ...