Ditapis dengan
Do Dark Pools Harm Price Discovery?
Dark pools are equity trading systems that do not publicly display orders. Dark pools offer potential price improvements but do not guarantee execution. Informed traders tend to trade in the same direction, crowd on the heavy side of the market, and face a higher execution risk in the dark pool, relative to uninformed traders. Consequently, exchanges are more attractive to informed traders, and…
- Edisi
- Vol. 27 No. 3, Mar 2014
- ISBN/ISSN
- 1465-7368
- Deskripsi Fisik
- 956 p.
- Judul Seri
- The Review of Financial Studies
- No. Panggil
- TRFS2703
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…
- Edisi
- Vol. 27 No. 3, Mar 2014
- ISBN/ISSN
- 1465-7368
- Deskripsi Fisik
- 956 p.
- Judul Seri
- The Review of Financial Studies
- No. Panggil
- TRFS2703
When There Is No Place to Hide: Correlation Risk and the Cross-Section of Hed…
Using a novel data set on correlation swaps, we study the relation between correlation risk, hedge fund characteristics, and their risk-return profile. We find that the ability of hedge funds to create market-neutral returns is often associated with a significant exposure to correlation risk, which helps to explain the large abnormal returns found in previous models. We also estimate a signific…
- Edisi
- Vol. 27 No. 2, Feb 2014
- ISBN/ISSN
- 1465-7368
- Deskripsi Fisik
- 661 p.
- Judul Seri
- The Review of Financial Studies
- No. Panggil
- TRFS2702
The Growth and Limits of Arbitrage: Evidence from Short Interest
We develop a novel methodology to infer the amount of capital allocated to quantitative equity arbitrage strategies. Using this methodology, which exploits time-variation in the cross-section of short interest, we document that the amount of capital devoted to value and momentum strategies has grown significantly since the late 1980s. We provide evidence that this increase in capital has result…
- Edisi
- Vol. 27 No. 4, Apr 2014
- ISBN/ISSN
- 1465-7368
- Deskripsi Fisik
- 1286 p.
- Judul Seri
- The Review of Financial Studies
- No. Panggil
- TRFS2704
Opaque Trading, Disclosure, and Asset Prices: Implications for Hedge Fund Reg…
We investigate the effect of ambiguity about hedge fund investment strategies on asset prices and aggregate welfare. We model some traders (mutual funds) as facing ambiguity about the equilibrium trading strategies of other traders (hedge funds). This ambiguity limits the ability of mutual funds to infer information from prices and has negative effects on market outcomes. We use this analysis t…
- Edisi
- Vol. 27 No. 4, Apr 2014
- ISBN/ISSN
- 1465-7368
- Deskripsi Fisik
- 1286 p.
- Judul Seri
- The Review of Financial Studies
- No. Panggil
- TRFS2704
Liquidity Shocks and Stock Market Reactions
We find that the stock market underreacts to stock-level liquidity shocks: liquidity shocks are not only positively associated with contemporaneous returns, but they also predict future return continuations for up to six months. Long-short portfolios sorted on liquidity shocks generate significant returns of 0.70% to 1.20% per month that are robust across alternative shock measures and after co…
- Edisi
- Vol. 27 No. 5, May 2014
- ISBN/ISSN
- 1465-7368
- Deskripsi Fisik
- 1614 p.
- Judul Seri
- The Review of Financial Studies
- No. Panggil
- TRFS2705
Wisdom of Crowds: The Value of Stock Opinions Transmitted Through Social Media
Social media has become a popular venue for individuals to share the results of their own analysis on financial securities. This paper investigates the extent to which investor opinions transmitted through social media predict future stock returns and earnings surprises. We conduct textual analysis of articles published on one of the most popular social media platforms for investors in the Unit…
- Edisi
- Vol. 27 No. 5, May 2014
- ISBN/ISSN
- 1465-7368
- Deskripsi Fisik
- 1614 p.
- Judul Seri
- The Review of Financial Studies
- No. Panggil
- TRFS2705
Investor Networks in the Stock Market
We study the trading behavior of investors in an entire stock market. Using an account level dataset of all trades on the Istanbul Stock Exchange in 2005, we identify investors with similar trading behavior as linked in an empirical investor network (EIN). Consistent with the theory of information networks, we find that central investors earn higher returns and trade earlier than peripheral inv…
- Edisi
- Vol. 27 No. 5, May 2014
- ISBN/ISSN
- 1465-7368
- Deskripsi Fisik
- 1614 p.
- Judul Seri
- The Review of Financial Studies
- No. Panggil
- TRFS2705
Do Security Analysts Speak in Two Tongues?
Why do security analysts issue overly positive recommendations? We propose a novel approach to distinguish strategic motives (e.g., generating small-investor purchases and pleasing management) from nonstrategic motives (genuine overoptimism). We argue that nonstrategic distorters tend to issue both positive recommendations and optimistic forecasts, while strategic distorters "speak in two tongu…
- Edisi
- Vol. 27 No. 5, May 2014
- ISBN/ISSN
- 1465-7368
- Deskripsi Fisik
- 1614 p.
- Judul Seri
- The Review of Financial Studies
- No. Panggil
- TRFS2705
Pengaruh Efisiensi Intellectual Capital Terhadap Profitabilitas Bank Pada Ind…
Penelitian ini bertujuan untuk menganalisis bagaimana pengaruh efisiensi intellectual capital terhadap performa bank di Indonesia, dengan melihat pengaruh variabel kontrol seperti resiko pinjaman, ukuran bank, dan umur firma. Penelitian ini menggunakan sampel 47 perusahaan perbankan yang terdaftar di Bursa Efek Indonesia pada periode tahun 2019 hingga 2022. Hasil penelitian menunjukkan bahw…
- Edisi
- -
- ISBN/ISSN
- -
- Deskripsi Fisik
- 101 p. : il. ; 30 cm.
- Judul Seri
- -
- No. Panggil
- S 15404
Smarter faster better : the transformative power of real productivity
Includes index
- Edisi
- -
- ISBN/ISSN
- 9780812983593
- Deskripsi Fisik
- x, 380 p. ; 21 cm.
- Judul Seri
- -
- No. Panggil
- 158 DUH s
The Paradox principles : how high-performance companies manage chaos, complex…
Includes bibliographies and index
- Edisi
- -
- ISBN/ISSN
- 786304995
- Deskripsi Fisik
- xix, 282 p. : ill. ; 24 cm.
- Judul Seri
- -
- No. Panggil
- 658.406 PRI p
Measuring The Efficiency of Waqf Fund in Indonesia
This research measures the efficiency of waqf funds managed by philanthropic institutions in Indonesia using the Data Envelopment Analysis (DEA) approach over the 2013-2021 period. The unit of analysis consists of nine philanthropic waqf institutions. In the measurement of efficiency using production approach, the study takes human resource expenses, operational costs and fixed assets as inputs…
- Edisi
- Volume 8 Special Issue 2022
- ISBN/ISSN
- 2460-6618
- Deskripsi Fisik
- 174 p.
- Judul Seri
- Journal of Islamic Monetary Economics and Finance
- No. Panggil
- -
The Islamic banking and the economic integration in ASEAN
The efficiency level of the banking industry is the most important indicator to identify the soundness of banking system. This paper use non parametric frontier approach, DEA, to analyze the Islamic bank efficiency in ASEAN. We use price of deposit from customers, deposits and placements of banks, labor, and others operational expenditures as control variabel, and using financing, deposits and …
- Edisi
- Vol. 19, No. 1, Jul. 2016
- ISBN/ISSN
- 14108046
- Deskripsi Fisik
- -
- Judul Seri
- -
- No. Panggil
- -
Lean thinking : banish waste and create wealth in your corporation
Includes bibliographies and index
- Edisi
- -
- ISBN/ISSN
- 684810352
- Deskripsi Fisik
- 350 p. : ill. ; 24 cm.
- Judul Seri
- -
- No. Panggil
- 658 WOM l
Comparing the Intertemporal Efficiency of Islamic Banks in Indonesia and Mala…
This study aims to measure and compare the intertemporal efficiency of Islamic banks in Indonesia and Malaysia using data envelopment analysis (DEA) together with window (intertemporal) analysis for the period 2012–2018 and applying an intermediation approach. Window analysis is used to indicate the stability of efficiency over the study period. The findings show that the intertemporal techni…
- Edisi
- Volume 6, number 4, 2020
- ISBN/ISSN
- 2460-6618
- Deskripsi Fisik
- 934 p.
- Judul Seri
- Journal of Islamic Monetary Economics and Finance
- No. Panggil
- -
Return Seasonalities
A strategy that selects stocks based on their historical same-calendar-month returns earns an average return of 13% per year. We document similar return seasonalities in anomalies, commodities, and international stock market indices, as well as at the daily frequency. The seasonalities overwhelm unconditional differences in expected returns. The correlations between different seasonality strate…
- Edisi
- Vol. 71, Number 4, Aug. 2016
- ISBN/ISSN
- 00221082
- Deskripsi Fisik
- p. 1557-1590
- Judul Seri
- -
- No. Panggil
- The Journal of Finance
Do Regulation, Maqasid Shariah And Institutional Parameter Improve Islamic Ba…
We use a new dataset on Islamic banks to link regulation and bank efficiency. Specifically, we examine how bank efficiency is influenced by: (i) bank regulation, (ii) institutional variables, (iii) economic freedom, and (iv) Shariah law parameters. Our hypothesis attempts to prove that better regulation will produce a higher level of efficiency. We will also try to prove that the Shariah law pa…
- Edisi
- Volume 6, number 1, 2020
- ISBN/ISSN
- 2460-6618
- Deskripsi Fisik
- 242 p.
- Judul Seri
- Journal of Islamic Monetary Economics and Finance
- No. Panggil
- -
Stability Of Islamic Bank Efficiency In Indonesia And Malaysia: Has Covid-19 …
This study examines whether COVID-19 has affected the stability of Islamic banking efficiency in Indonesia and Malaysia using the Data Envelopment Window Analysis (DEWA) using data from 2017 to 2022. The findings indicate that Islamic banks in Malaysia exhibit a higher level of efficiency and stability as compared to their counterparts in Indonesia across all three efficiency measures, namely T…
- Edisi
- Volume 9, number 3, 2023
- ISBN/ISSN
- 2460-6618
- Deskripsi Fisik
- 558 p.
- Judul Seri
- Journal of Islamic Monetary Economics and Finance
- No. Panggil
- -
Bank Efficiency And Fintech-Based Inclusive Finance: Evidence From Dual Banki…
This paper examines the relation between fintech-based inclusive finance and bank efficiency using annual unbalanced data of 318 banks from 7 dual-banking countries over the period of 2011 to 2020. It measures bank efficiency using the data envelopment analysis (DEA) and then applies the Simar-Wilson bootstrapping regression to measure the influence of fintech-based financial inclusion on bank …
- Edisi
- Volume 9, number 1, 2023
- ISBN/ISSN
- 2460-6618
- Deskripsi Fisik
- 198 p.
- Judul Seri
- Journal of Islamic Monetary Economics and Finance
- No. Panggil
- -
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