Results 311 to 320 of about 1,602,045 (356)
SSRN Electronic Journal, 2012 We study an optimal contracting problem between shareholders and managers when managers’ effort choices are hidden but on which stock market prices reveal some information. When the stock market rewards winners and punishes losers within an industry, stock-based incentive generates a tournament effect and causes strategic complementarity among managers
Emre Ozdenoren +2 more
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SSRN Electronic Journal, 2008
The paper investigates the reaction of the Federal Reserve to developments in the stock market. The issue is analyzed by first constructing an Index of Stock Price Misalignement in which the fundamental value of the stocks is computed on the basis of the discounted cash flow approach and by then including this index, among the regressors, into a ...
MATTESINI, FABRIZIO, BECCHETTI, LEONARDO
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The paper investigates the reaction of the Federal Reserve to developments in the stock market. The issue is analyzed by first constructing an Index of Stock Price Misalignement in which the fundamental value of the stocks is computed on the basis of the discounted cash flow approach and by then including this index, among the regressors, into a ...
MATTESINI, FABRIZIO, BECCHETTI, LEONARDO
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Stock market aversion? Political preferences and stock market participation [PDF]
Journal of Financial Economics, 2010 We find that left-wing voters and politicians are less likely to invest in stocks, controlling for income, wealth, education, and other relevant factors. This finding from unique data sets in Finland is robust both at the zip code and at the individual level. A moderate left voter is 17-20% less likely to own stocks than a moderate right voter.
Torstila, Sami, Kaustia, Markku
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The Journal of Finance, 1996
ABSTRACTWe test whether the reaction of international stock markets to oil shocks can be justified by current and future changes in real cash flows and/or changes in expected returns. We find that in the postwar period, the reaction of United States and Canadian stock prices to oil shocks can be completely accounted for by the impact of these shocks on
Jones, Charles M, Kaul, Gautam
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ABSTRACTWe test whether the reaction of international stock markets to oil shocks can be justified by current and future changes in real cash flows and/or changes in expected returns. We find that in the postwar period, the reaction of United States and Canadian stock prices to oil shocks can be completely accounted for by the impact of these shocks on
Jones, Charles M, Kaul, Gautam
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TAKEOVERS AND THE STOCK MARKET
Contributions to Political Economy, 1987In a market economy the stock exchange has a triple role, first to pool together society’s savings dispersed among individual savers; second to channel selectively these savings to companies with the best investment prospects, and third to encourage the efficient use of assets embodying past savings. Two interrelated mechanisms are involved.
Hughes, Alan, Singh, Ajit
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College or the Stock Market, or College and the Stock Market?
FEDS Notes, 2017In this note, we document facts about the relationship between stock market participation and a predominant form of human capital investment -- formal higher education. We examine, using the Survey of Consumer Finances (SCF), the relationship between stock market participation and college enrollment and completion, with attention to the presence or ...
Kartik Athreya +2 more
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2015
The stock market crystallizes many dreams, but it is also the focus of fantasies and numerous ideological discourses. Let’s navigate these troubled waters together and try to improve our understanding in the following areas: the purpose of the stock market; the main types of transaction that are carried out on stock exchanges; the ...
Maureen Burton +2 more
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The stock market crystallizes many dreams, but it is also the focus of fantasies and numerous ideological discourses. Let’s navigate these troubled waters together and try to improve our understanding in the following areas: the purpose of the stock market; the main types of transaction that are carried out on stock exchanges; the ...
Maureen Burton +2 more
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Journalists and the Stock Market
Review of Financial Studies, 2011We use exogenous scheduling of Wall Street Journal columnists to identify a causal relation between financial reporting and stock market performance. To measure the media's unconditional effect, we add columnist fixed effects to a daily regression of excess Dow Jones Industrial Average returns.
Casey Dougal +3 more
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Physica A: Statistical Mechanics and its Applications, 2002
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Murilo S. Baptista, Iberê L. Caldas
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zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Murilo S. Baptista, Iberê L. Caldas
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The Market for Borrowing Stock [PDF]
SSRN Electronic Journal, 2002 Abstract To short a stock, an arbitrageur must first borrow it. This paper describes the market for borrowing and lending U.S. equities, emphasizing the conditions generating and sustaining short-sale constraints. A large institutional lending intermediary provided eighteen months (4/2000–9/2001) of data on loan supply (“shortability”), loan fees ...
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