[PDF] Top 20 Two Essays on Investment

... the two indexes over the sample ...the two indices have similar patterns of general movement, but they do experience ups and downs differently as well as differences in ... See full document

... Two value-weighted return portfolios (Islamic and conventional) are formed and three common risk- adjusted performance measures (Sharpe, Treynor, and Jensen alpha) are calculated for each portfolio in order to ... See full document

... from two to ...as investment banks, private equity firms, hedge funds, and other institutional investors have frequently participated as syndicate members and, in some cases, act as loan arrangers (Boot, ... See full document

... The sub-period results further confirm that H-shares have relatively more informed trading based on better analysis because insider trading should not have increased, and therefore the substantial C2 increase is further ... See full document

... the investment choice ...the investment choice ...the investment choice problem as deferred compensation increase but seem to trigger the investment choice problem adversely by changing their ... See full document

... The presence of international asset in momentum returns is also observed. Rouwenhorst (1998) reports the findings of momentum in international assets, using 12 European countries during the period 1980 to 1995. His ... See full document

... Phillips (1995) examines how sudden increases in debt level impact the firm’s strategic decisions in terms of pricing and/or production. The study concludes that, in general, debt level is positively related to product ... See full document

... An important limitation of the sorting methodology is that it becomes cum- bersome and challenging to perform sorts along more dimensions than 2 (as in the original FF3 model) due to the increased number of permutations ... See full document

... of two essays on corporate ...and investment opportunities compared to propensity-matched single-class ...or investment opportunities than those in single-class ...corporate investment ... See full document

... The creation of Figure 2 was based on a very simple strategy. TENDER is a strategy where an inves- tor starts with $1. He invests the same amount a NON_TENDER can put in every deal (this ensures the exact same dollar ... See full document

... It is in this context, we develop some testable hypotheses. To begin with, we focus on the fluctuations in the estimated beta coefficients. More specifically, we will compare the time series and cross sectional variation ... See full document

... as investment of the economy, we find a significant quantitative ...firm’s investment expenditure is almost entirely deducted from their taxable ...their investment spending, eliminating dividend tax ... See full document

... In addition to adjusting for non-recurring items, managers and analysts also exclude recurring items (i.e., depreciation and amortization, stock-based compensation) in their non-GAAP calculation. In spite of the ... See full document

... In the model, parents care about different characteristics of primary schools, such as the school’s socioeconomic composition, quality, religious affiliation, location, type of administration (i.e., public, subsidized ... See full document

... Our rich data allow us to rule out that key sources of common shocks affect our results. Specifically, we non-parametrically control for time-invariant differences across affiliates as well as common shocks to all ... See full document

... of Rochet and Tirole (2006) and introduced a model of linear externalities but heteroge- neous users. He derived platform’s imperfect internalization over heterogeneous agents in two-sided markets. I study the ... See full document

... I find the results are less clear among microcap stocks. The performance of the top two thirds of the microcaps by size is similar to that of the 10% to 40% group. The alphas and returns are large regardless of ... See full document

... new investment project and thus to the extent that managers control sufficient internal funds to finance all profitable investment projects, investment demand models based on a representative firms ... See full document

... national investment promotion programme to transmit specific messages to targeted source ...national investment promotion programmes. Investment conferences and missions were designed mainly to focus ... See full document

... In a similar vein, Riedl (2010) examines the location patterns of foreign investors in manufacturing and services for 8 CEEC over the period 1998 to 2004. Using FDI stock data she applies a dynamic panel design to her ... See full document