Results 331 to 340 of about 1,500,223 (351)
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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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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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Indonesian Stock Market’s Dynamic Integration with Asian Stock Markets and World Stock Markets
Jurnal Pengurusan, 2018ABSTRACT The study examines the relationship and integration of stock markets by using a DCC-GARCH from the period of January 1999 to September 2015. The period of January 1999 to September 2015 is chosen because in this period there has been a revocation of foreign ownership restrictions on the Indonesia Stock Exchange. By using this dynamic approach,
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The Journal of Business, 2006
We present theory and evidence of stock price manipulation. Manipulators trade in the presence of other traders seeking information about the stock’s true value. More information seekers imply greater competition for shares, making it easier for manipulators to trade and potentially worsening market efficiency.
Rajesh K. Aggarwal, Guojun Wu
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We present theory and evidence of stock price manipulation. Manipulators trade in the presence of other traders seeking information about the stock’s true value. More information seekers imply greater competition for shares, making it easier for manipulators to trade and potentially worsening market efficiency.
Rajesh K. Aggarwal, Guojun Wu
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SSRN Electronic Journal, 2020
We investigate the influence of public companies on their local economies through the spending of their employees on local goods and services. Using the taxicab industry in New York City as a laboratory, we find that tips paid for taxis taken near firms’ headquarters are higher on the days their stock returns are higher.
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We investigate the influence of public companies on their local economies through the spending of their employees on local goods and services. Using the taxicab industry in New York City as a laboratory, we find that tips paid for taxis taken near firms’ headquarters are higher on the days their stock returns are higher.
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Marketable Securities and the Stock Market
1984Fortunately, Fred Daly’s setback and decline as reported in chapter 2 was entirely mythical, and in fact his early success was merely the start of a long term trend of continually rising profits, deriving largely from an expansion in the number of his shop outlets, and diversification into records, toys, games and miscellaneous goods.
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