Risk based explanation for intervalling effect
Intervalling effect bias and evidences for competition policy
... We utilise the methodologies proposed by Scholes and Williams (1977), Dimson (1979), Cohen et al. (1983a) and the market model with simple returns 7 in order to measure the securities’ beta systematic risk of the ...
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Modelling Intervalling Effect of High Frequency Trading on Portfolio Volatility
... provided a theoretical explanation of intervalling based on iid multiplicative re- turns. There are many other contributions including [6] [7] and [8]. 1.2. High Frequency Trading Literature HFT is ...
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International risk-based capital standard: history and explanation
... the risk assets standard on the grounds that it was arbitrary and did not consider factors such as management, liquidity, asset quality, or earnings ...use risk assets as the denominator in its capital ...
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Explanation for the Mpemba Effect
... the effect always occur? In this study, this unique effect is defined as the phenomenon wherein, under certain conditions, hot water cools faster than cold water that is, it reaches faster a temperature ...
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Issuances and Repurchases: An explanation based on CEO risk-taking incentives
... Over-leverage based on Target debt ratio estimated from firm fundamentals This table presents the logistic regression results for hypothesis 1b, 2b, 3b, and 4b based on target debt ratio which is estimated ...
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Why do servitized firms fail? A risk-based explanation
... bankruptcy risk factors examined in this study reflect variables identified in previous studies of corporate performance ...are based on bankruptcy data and the analysis of a number of risk factors ...
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A Simple Explanation for the Border Effect
... (2002), the distribution of technologies in all four regions is modeled as a Frechét distribution. There are two key parameters in the Frechét, one governing the “average” level of technology, and one governing the ...
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What Drives the Disposition Effect? An Analysis of a Long-Standing Preference-Based Explanation
... hypothesis based on prospect theory has gained ...under risk proposed by Kahneman and Tversky (1979) and refined in Tversky and Kahneman (1992), posits that people evaluate gambles by thinking about gains ...
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A Non Relativistic Explanation of the Sagnac Effect
... DOI: 10.4236/jmp.2019.105035 506 Journal of Modern Physics Figure 3. proposed experiment. the majority of scientists, this would demonstrate the validity of the theory of Relativity, but for some others it invalidates ...
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A Spatial Explanation for the Balassa-Samuelson Effect
... powerful explanation of this fact based on the observation that the productivity growth of tradables, such as manufacturing, tends to be faster than the pro- ductivity growth of non-tradables, such as ...
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Ontology-based explanation of classifiers
... The rise of data mining and machine learning use in many ap- plications has brought new challenges related to classification. Here, we deal with the following challenge: how to interpret and understand the reason behind ...
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Explanation-Based Feature Construction
... The second challenge is usually associated with the “model selection” problem. Consider the task of distinguishing a pair (or more generally, a set) of mutually-similar Chinese characters, where the differences among ...
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A flow-based explanation for return predictability
... out manager ability, a difficult task if at all possible. In addition to performance persistence and the “smart money” effect, the flow-based mechanism introduced in this paper has broad implications for ...
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Is spoken duration a sufficient explanation of the word length effect?
... main effect for both syllable length and duration would be ...main effect for syllable length should be ...are based on the assumption that reliable differences can be observed in duration measures ...
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An Alternative Explanation for the Resource Curse: The Income Effect Channel
... alternative explanation for the “resource curse” based on the income effect resulting from high government current spending in resource rich ...
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An Alternative Explanation for the Fed Information Effect * Online Appendix
... Appendix B performs extensive robustness analysis for the omitted variables regressions in Tables 2, 3, and 4 in the main text, including for different samples. Appendix C shows that Blue Chip survey forecast errors for ...
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A flexible explanation system for case based reasoning
... case-based explanation lies in ensuring th a t the case presented to the end user seems relevant and the argum ent posed by the presented case is ...the effect of any feature-value differences th a t ...
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A sentiment-based explanation of the forward premium puzzle
... an explanation based upon a distortion in investors’ beliefs about the interest rate ...an explanation based on investor overconfidence on ...long-run risk under recursive preferences, ...
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A Consumption-Based Explanation of Expected Stock Returns
... Panel A of Table 9 reports two estimates of the conditional Euler equation (9) for the durable consumption model, using excess stock returns and instruments. The first estimate is based on 30 moment restrictions, ...
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The Future of Telecoms Risk Management An explanation of the changing nature of Risk in Next Generation Networks
... be based on a monthly flat fee for items such as broadband access, VoIP and IPTV, Skype, local call plans ...and risk detec- tion that can be seen as either a revenue assur- ance or fraud control activity ...
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