Money Left on the Table: An Analysis of Participation in Employee Stock Purch…

We analyze participation decisions in employee stock purchase plans. These plans allow employees to buy company stock at a discount from the market price and resell it immediately for a sure profit. Although an average employee stands to gain $3,079 annually, only 30% of individuals take advantage of this risk-free opportunity. Participation is more likely among employees who are familiar with …

Does Media Coverage of Stocks Affect Mutual Funds? Trading and Performance?

We study the relation between mutual fund trades and mass media coverage of stocks. We find that funds exhibit persistent differences in their propensity to buy media-covered stocks. Moreover, this propensity is negatively related to their future performance. Funds in the highest propensity decile underperform funds in the lowest propensity decile by 1.1% to 2.8% per year. These results do not …

Learning from Stock Prices and Economic Growth

A competitive stock market is embedded into a neoclassical growth economy to analyze the interplay between the acquisition of information about firms, its partial revelation through stock prices, capital allocation, and income. The stock market allows investors to share their costly private signals in a cost-effective incentive-compatible way. It contributes to economic growth by raising total …

Stocks for the long run : the definitive guide of financial market return and…

Edisi

3rd

ISBN/ISSN

-

Deskripsi Fisik

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Judul Seri

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No. Panggil

TAN 332.63 Sie s

The Effect of World Uncertainty Index on Stock Market Index in Emerging Asian…

Penelitian ini mengkaji pengaruh ketidakpastian global yang direpresentasikan oleh World Uncertainty Index (WUI) terhadap kinerja pasar saham di enam negara Asia berkembang, yaitu China, Indonesia, Thailand, Vietnam, Malaysia, dan Filipina, selama periode 2008 hingga 2023. Dengan menggunakan fixed-effect panel threshold model, penelitian ini mengidentifikasi hubungan non-linear antara ketidakpa…

Capital stock growth: a micro-econometric approach

Includes bibliographies and index

A Better Way to Assess Managerial Performance

Total shareholder return (TSR) has become the definitive metric for gauging performance. Unlike accounting measures such as revenue growth or earnings per share that reflect the past, TSR is based on share price and thus captures investor expectations of what will happen in the future, which is its chief attraction. The problem is that TSR conflates performance associated with strategy and oper…

The New options advantage : gaining a trading edge over the markets

Includes index

Technical analysis for the trading professional

Includes bibliographies and index

Engaging with Your Investors

To create long-term value, corporate boards must focus on managing talent, strategy, and risk. But they also have to satisfy their shareholders, who often have competing demands. Activists, for example, might press for short-term profits, while index funds and other long-term shareholders are more concerned with the company’s longevity. Drawing on years of work with boards, top executives, an…

Daily Data is Bad for Beta: Opacity and Frequency-Dependent Betas

A stock?s market exposure, beta, varies across return frequencies. Sorting stocks on the difference between low- and high-frequency betas (Δβ) yields large systematic mispricings relative to the CAPM at high frequencies, but significantly smaller mispricings at low frequencies. We provide a risk-based explanation for this frequency dependence by introducing uncertainty about the effect of sys…

The New options market 4th ed

Includes index

High-flying adventures in the stock market

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Analysis of Herding Behavior in the Stock Market: A Case Study of the ASEAN-5…

We construct a new dataset to examine herding behavior in the ASEAN-5 (Indonesia, Singapore, Malaysia, the Philippines and Thailand) and the US stock market. Our dataset consists of daily closing prices on the most liquid stock indices in the ASEAN-5 and the US stock market. Based on the Newey–West estimator, we show that the dominant global factor influencing herding behavior is the US feder…

Trading on volume

Includes index and tables

Consumer Sentiment and Indonesia's Stock Returns

This paper examines whether consumer sentiment predicts the excess returns of the aggregate market and nine industries from the Indonesia equity market. We discover evidence of predictability for three industries; however, the magnitude of predictability are heterogeneous. Some sectors are predictable during expansions, whereas others are only predictable during recessions. There is no evidence…

International commodity trading : physical and derivative markets

Includes bibliographies and index

The Ultimate mutual fund guide : 19 experts pick the 33 top funds you should own

Includes index

The Market that beats the market : how to profit in technology stocks and funds

Includes bibliographies and index

The Great unraveling : losing our way in the new century

No one has more authority to call the shots the way they really are than award-winning economist Paul Krugman, whose provocative New York Times columns are keenly followed by millions. One of the world's most respected economists, Krugman has been named America's most important columnist by the Washington Monthly and columnist of the year by Editor and Publisher magazine. A major bestseller,…