Research in Finance, Volume 21 -23(Research in Finance)

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Research in Finance, Volume 21 (Research in Finance)

 

By Andrew H. Chen (Editor)

Publisher:   JAI Press
Number Of Pages:   253
Publication Date:   2005-03-24
Sales Rank:   4045148
ISBN / ASIN:   0762311614
EAN:   9780762311613
Binding:   Hardcover
Manufacturer:   JAI Press
Studio:   JAI Press

A total of eleven papers in this volume represent recent research on important topics in finance. The contributions include analyses of issues relating to asset prices, the behavior of stock returns, and capital-raising activities. Hodges, et al. employ stochastic dominance arguments to show that the efficiency of time diversification depends on the degree of autocorrelation in security returns. In their study of the announcement effects of ninety-three minority equity investments, Chan, et. al. find a neutral stock price response on average for acquiring firms but a significantly positive response for selling firms. Nguyen, et al. provide evidence on the returns structure of U.S. information technology stocks surrounding the bursting of the internet bubble in early 2000. In a study of the informational effects of auditor reputation, Godby and Mahar, Jr. find that implied volatilities for firms audited by Andersen have increased relative to those for firms audited by other Big Five firms. Charaput and Chang find that the usage of installment receipts enhances liquidity in Canadian secondary equity offerings.

 

The contributions to this volume also examine important issues in international finance and financial institutions. Brailsford, et al. use a VECM technique to examine Purchasing Power Parity and causality between the yen and the dollar. Sarmas studies the impact of Hong Kong's fixed exchange rate system and Singapore's floating exchange rate system on the correlation between the US and the two respective countries' stock markets. Povel develops a theoretical model to explain multiple banking as a commitment device. Baer, et al. develop a model and empirically examine how the creation of a futures clearinghouse can reduce the need for margin in bilateral and multilateral settings. Roberts and Siddiqi provide an empirical analysis of the link between collateralization and the number of lenders in private debt contracts. Finally, Tripp et al. empirically examine the relative efficiency of single versus multiple common bond credit unions.pass: gigapedia.org

 

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Research in Finance Volume 22 (Research in Finance) 

By A.H. Chen

Publisher:   JAI Press
Number Of Pages:   366
Publication Date:   2006-07-12
Sales Rank:   3100214
ISBN / ASIN:   0762312777
EAN:   9780762312771
Binding:   Hardcover
Manufacturer:   JAI Press
Studio:   JAI Press

This volume contains contributions on important topics in current finance research. Topics inlcude the impact of recent reform in corporate governance, the stock price reactions to the joint venture announcements, the temperature, and the financial signals, the pricing of SPARQs, the incentive effects in project finance with government financial guarantees, the option pricing models with price limits and market illiquidity, the benefits of financial competition and regulation, the banking theories on the required reserves and the impact of mid-loan bank lending, and the new tests PPP and the cointegration test of foreign exchange rates with regime shifts.pass: gigapedia.org

 

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Research in Finance, Volume 23 (Research in Finance) 

By Andrew H. Chen (Editor)

Publisher:   JAI Press
Number Of Pages:   322
Publication Date:   2006-12-11
Sales Rank:   4166497
ISBN / ASIN:   0762313455
EAN:   9780762313457
Binding:   Hardcover
Manufacturer:   JAI Press
Studio:   JAI Press

This volume contains contributions on a range of important issues in current financial research. Topics include the performance of fixed income mutual funds in different economic states, the determinants of long-term excess performance of the ADRs on the NYSE, the models for forecasting the Euro/US Dollar exchange rates and the U.S. mutual funds movements, the fragmentation in day and night markets, the market reactions of the U.S.-listed foreign banks to the passage of the GLB Act of 1999, the upper bounds for American options, the spread-based models for the valuation of credit derivatives, the empirical evidence on the evolution of corporate borrowers, the determinants of private debt source, and the underlying causes and resolution policies for the systematic banking crises.

*A valuable addition to the research of finance
*Contains contributions from key figures the world of finance
*Offers broad coverage.pass: gigapedia.org

 

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