Expectations of Returns and Expected Returns

We analyze time series of investor expectations of future stock market returns from six data sources between 1963 and 2011. The six measures of expectations are highly positively correlated with each other, as well as with past stock returns and with the level of the stock market. However, investor expectations are strongly negatively correlated with model-based expected returns. The evidence i…

Inefficient markets : An Introduction to Behavioral finance

Edisi

-

ISBN/ISSN

9780198292272

Deskripsi Fisik

viii, 216 p. ill. 23 cm

Judul Seri

-

No. Panggil

Tan 332.6 Shl i

Investor protection and corporate governance

Hardcopy

Tunneling

Hardcopy

A Survey of corporate governance

Research on corporate governance is surveyed, with special attention to the importance of legal protection of investors and of ownership concentration in corporate governance systems around the world. The perspective on corporate governance is a straightforward agency perspective, sometimes referred to as separation of ownership and control. .Hardcopy

A Survey of corporate governance

Research on corporate governance is surveyed, with special attention to the importance of legal protection of investors and of ownership concentration in corporate governance systems around the world. The perspective on corporate governance is a straightforward agency perspective, sometimes referred to as separation of ownership and control..Hardcopy

The Limits of arbitrage

Softcopy

Noise trader risk in financial markets

Hardcopy

Investor sentiment and the close-end fund puzzle

Hardcopy

The strategic Bequest motive

Edisi

-

ISBN/ISSN

-

Deskripsi Fisik

-

Judul Seri

-

No. Panggil

Anna 16a Ber s

A Model of Shadow Banking

We present a model of shadow banking in which banks originate and trade loans, assemble them into diversified portfolios, and finance these portfolios externally with riskless debt. In this model: outside investor wealth drives the demand for riskless debt and indirectly for securitization, bank assets and leverage move together, banks become interconnected through markets, and banks increase t…

A model of shadow banking

We present a model of shadow banking in which banks originate and trade loans, assemble them into diversified portfolios, and finance these portfolios externally with riskless debt. In this model: outside investor wealth drives the demand for riskless debt and indirectly for securitization, bank assets and leverage move together, banks become interconnected through markets, and banks increase t…

What works in securities laws

We examine the effect of securities laws on stock market development in 49 countries. We find little evidence that public enforcement benefits stock markets, but strong evidence that laws mandating disclosure and facilitating private enforcement through liability rules benefit stock markets..Printed Journal

Investor protection and corporate valuation

We present a model of the effects of legal protection of minority shareholders and of cash-flow ownership by a controlling shareholder on the valuation of firms. We then test this model using a sample of 539 large firms from 27 wealthy economies. Consistent with the model, we find evidence of higher valuation of firms in countries with better protection of minority shareholders and in firms wit…

Inefficient markets: an introduction to behavioral finance

Edisi

-

ISBN/ISSN

-

Deskripsi Fisik

-

Judul Seri

-

No. Panggil

Tan 332.6 Shl i