I empirically test how online information seeking behavior of investors leads to an impact on asset prices. Various theoretical models assume that information seeking behavior of investors has an impact on asset prices. However, it is very difficult to empirically test this, since the actual informa[r]
Dimson, Nagel and Quigley (2003) tested for a value premium effect in the UK market. They used a new defined dataset of accounting information spanning the period 1955 to 2001 to cover the whole population of stocks ever listed[r]
3 ABSTRACT Business cycle synchronization can be understood as the symmetric movements of business fluctuations over a timeframe. In the event of economic shocks, the degree of business cycle synchronization will indicate if a country[r]
This paper investigates the existence of noise trader risk in Vietnam’s stock market and its effect on the daily returns of stock prices. The methodologies contain the estimation of GARCH (1,1) model to filter the residuals using the moving average method to calculate the impact of information trade[r]
This study empirically examines the correlation among the returns of six select Asian stock market indices of India, China, Japan, Hong Kong, Singapore, and Taiwan. The study is conducted over a longer time period of 2000 – 2012. The correlation results provide useful information for foreign institu[r]
Difficulties in speaking with foreign suppliers the case of Purchasing Department staff in Red River Manufacturing Joint Stock Company Difficulties in speaking with foreign suppliers the case of Purchasing Department staff in Red River Manufacturing Joint Stock Company Difficulties in speaking with[r]
The objective of the study was to relate the overall stock market returns to the individual returns of trading days (Monday, Tuesday, Wednesday, Thursday and Friday). The aim was to establish whether returns of trading days were statistically different from each other. The ordinary least square regr[r]
The amazing proliferation of product choices as well as remarkable improvements in innovation activities during recent decades have become key driving forces of product differentiation, which is deemed as a sustainable competitive advantage of firms in technological-driven economy.
Employing a panel data set including 37 joint-stock commercial banks covering the period from 2006 to 2013, this paper investigates the impact of income diversification on bank risk and returns. Our results show that increased income diversification results in higher rates of bank returns.
Because they engage in maturity transformation, a steepening of the yield curve should, all else equal, boost bank profitability. We re-examine this conventional wisdom by estimating the reaction of bank intraday stock returns to exogenous fluctuation[r]
The stock market returns are known to be significantly correlated with both inflation and money growth. Nevertheless, the impact of real macroeconomic variables on aggregate equity returns has been difficult to establish, perhaps, because their effects are neither linear nor time-invariant. Therefor[r]
The determinants of merger withdrawals’ abnormal returns in the australian market. This paper examines the abnormal returns in merger withdrawals in Australia, especially distinguishing the market response between private and public targets. We also study the determinants of those abnormal returns,[r]
First, the ASEAN economies should continue to promote bilateral trade among its members. This mean that beside major trading partners such as the United States, the EU, China or Japan, the ASEAN economies should encourage intra-region trade. This is in[r]
This paper also assesses outcomes of S&T policies in that period and suggests some implications to developing countries. Underlying tone of S&T policy during this period was put in institution building of domestic R&D capability building to provide the driving forces for fast S&T advancement.
This study examined the impact of stock market liquidity on herding behaviour of investors in Nigerian stock market with focus on Conglomerate and Consumer goods sectors. Monthly data of stock returns and market capitalization for fifteen years from 2001 – 2015 were used and 28 companies'' stocks fr[r]
Features of Microfactory: • Decreased driving energies • Decreased inertial forces • Flexibility in manufacturing • Fine positioning accuracy and smooth movement • Precision manufacturing • Eco and User friendly
Combining of views, however, should be done only if the relationship be- tween the views is strong and straightforward. Otherwise, putting multiple views in one diagram will clutter the view and make it confusing. The objec- tive of reveal multiple vi[r]
Based on Johnson and So [11], we construct a portfolio based on the ratio of trading volume of the stock option to its underlying stock (O/S). We compare the profitability of the OS strategy with those of 52-week highs, trading volume, and price momentum strategies to examine whether OS investment r[r]
This does not mean that stock prices never move together, just that they do not have to. To continue with the example, suppose that there is a general increase in the demand for automobiles in the United States. This would positively affect the sto[r]
subsequent years, the ARCH and GARCH models have been extended and their applications have expanded from macroeconomics to financial fields. For example, they are instrumental in option pricing, portfolio selection and risk management. However, both of