Results 271 to 280 of about 1,719,001 (314)
Some of the next articles are maybe not open access.
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
openaire +1 more source
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
openaire +1 more source
THE OUTLOOK FOR THE STOCK MARKET
The Journal of Finance, 1963ATTEMPTING TO ANTICIPATE the future trend of stock prices is a perilous and usually unrewarding business. Yet there is probably no more fascinating problem facing the student of finance and economics. The search for reliable results is greatly complicated by the fact that one is often in doubt as to where the market is now, as well as being uncertain ...
openaire +1 more source
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
openaire +1 more source
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.
openaire +1 more source
The Review of Economic Studies, 1983
Suppose that a perfectly competitive firm wishes to determine its intertemporal production-and-investment plan in accordance with its shareholders' interests. Will it be able to satisfy this desideratum? And if so, what course should it pursue? In a general equilibrium model with many periods, uncertainty, incomplete markets, and trading through time ...
openaire +1 more source
Suppose that a perfectly competitive firm wishes to determine its intertemporal production-and-investment plan in accordance with its shareholders' interests. Will it be able to satisfy this desideratum? And if so, what course should it pursue? In a general equilibrium model with many periods, uncertainty, incomplete markets, and trading through time ...
openaire +1 more source
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
openaire +1 more source
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
openaire +1 more source
The IT Revolution and the Stock Market. [PDF]
, 1999 A new technology or product is often developed by the single entrepreneur. Whether he reaches the initial public offering stage or is acquired by a listed firm, it takes time for the innovator to add value to the stock market. Indeed, the innovation may, at first, reduce the market's value because some firms--usually large or old--will cling to old ...
Greenwood, J., Jovanovic, B.
openaire +2 more sources
Inflation and the Stock Market. [PDF]
American Economic Review, 1978 This paper discusses a crucial cause of the failure of share prices to rise during a decade of substantial inflation. Indeed, the share value per dollar of pretax earnings actually fell from 10.82 in 1967 to 6.65 in 1976. The analysis here indicates that this inverse relation between higher inflation and lower share prices during the past decade was ...
openaire
The Market for Borrowing Stock
Journal of Financial Economics, 2002To short a stock, an arbitrageur must first borrow it. This paper describes the market for borrowing and lending U.S. equities, with an emphasis on the conditions generating and sustaining short sales constraints. Eighteen months (4/2000-9/2001) of daily data provided by a large institutional lending intermediary establish a rich set of facts on loan ...
openaire +1 more source
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
openaire +1 more source