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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 ...
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, ...
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 ...
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 ...