Disagreement After News PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Disagreement After News PDF full book. Access full book title Disagreement After News by Anastassia Fedyk. Download full books in PDF and EPUB format.
Author: Anastassia Fedyk
Publisher:
ISBN:
Category :
Languages : en
Pages : 46
Get Book Here
Book Description
This paper explores the long-standing empirical fact of increased trading volume around news releases through the lens of canonical models of gradual information diffusion and differences of opinion. I use a unique dataset of clicks on news by key finance professionals to distinguish between trading among investors who see the news at different times and trading among investors who see the same news but disagree regarding its interpretation. Consistent with gradual information diffusion, dispersion in the timing of investors' attention is strongly predictive of daily volume around earnings announcements and volume within minutes of individual news articles. Furthermore, delayed attention is predictive of minute-level return continuation, daily-level post-earnings-announcement drift, and monthly-level return momentum. Differences of opinion, measured as heterogeneity in the investors clicking on the news, is generally weaker in explaining trading volume around news, but plays a larger role when the news is more textually ambiguous.
Author: Anastassia Fedyk
Publisher:
ISBN:
Category :
Languages : en
Pages : 46
Get Book Here
Book Description
This paper explores the long-standing empirical fact of increased trading volume around news releases through the lens of canonical models of gradual information diffusion and differences of opinion. I use a unique dataset of clicks on news by key finance professionals to distinguish between trading among investors who see the news at different times and trading among investors who see the same news but disagree regarding its interpretation. Consistent with gradual information diffusion, dispersion in the timing of investors' attention is strongly predictive of daily volume around earnings announcements and volume within minutes of individual news articles. Furthermore, delayed attention is predictive of minute-level return continuation, daily-level post-earnings-announcement drift, and monthly-level return momentum. Differences of opinion, measured as heterogeneity in the investors clicking on the news, is generally weaker in explaining trading volume around news, but plays a larger role when the news is more textually ambiguous.
Author: Bret Stephens
Publisher:
ISBN: 9780648018902
Category :
Languages : en
Pages :
Get Book Here
Book Description
2017 Lowy Institute Media Lecture
Author: Farhad Rezaei
Publisher: Springer
ISBN: 3319767895
Category : Political Science
Languages : en
Pages : 261
Get Book Here
Book Description
The book offers the first systematic account of Iran’s foreign policy following the nuclear agreement (JCPOA) of July 14, 2015. The author evaluates in what ways the JCPOA, in conjunction with the dramatic changes taking shape in the international order, have affected Iran’s foreign policy. Known as Normalizers, the moderate leadership under President Hassan Rouhani had planned to normalize Iran’s foreign relations by curtailing terrorism and reintegrate Iran into the community of nations. Their hardline opponents, the Principalists, rejected the JCPOA as a tool of subjection to the West and insisted on exporting the Islamist revolution, a source of much destabilization and terror in the region and beyond. The project also analyzes the struggle between Normalizers and their hardline opponents with regards to global and regional issues and Iran’s foreign policy towards global powers including the U.S., Russia, EU, and regional countries including Iraq, Syria, Israel, Saudi Arabia and Turkey.
Author: Michelle Alexander
Publisher: The New Press
ISBN: 1620971941
Category : Law
Languages : en
Pages : 434
Get Book Here
Book Description
Named one of the most important nonfiction books of the 21st century by Entertainment Weekly‚ Slate‚ Chronicle of Higher Education‚ Literary Hub, Book Riot‚ and Zora A tenth-anniversary edition of the iconic bestseller—"one of the most influential books of the past 20 years," according to the Chronicle of Higher Education—with a new preface by the author "It is in no small part thanks to Alexander's account that civil rights organizations such as Black Lives Matter have focused so much of their energy on the criminal justice system." —Adam Shatz, London Review of Books Seldom does a book have the impact of Michelle Alexander's The New Jim Crow. Since it was first published in 2010, it has been cited in judicial decisions and has been adopted in campus-wide and community-wide reads; it helped inspire the creation of the Marshall Project and the new $100 million Art for Justice Fund; it has been the winner of numerous prizes, including the prestigious NAACP Image Award; and it has spent nearly 250 weeks on the New York Times bestseller list. Most important of all, it has spawned a whole generation of criminal justice reform activists and organizations motivated by Michelle Alexander's unforgettable argument that "we have not ended racial caste in America; we have merely redesigned it." As the Birmingham News proclaimed, it is "undoubtedly the most important book published in this century about the U.S." Now, ten years after it was first published, The New Press is proud to issue a tenth-anniversary edition with a new preface by Michelle Alexander that discusses the impact the book has had and the state of the criminal justice reform movement today.
Author: Daewon Kim
Publisher:
ISBN:
Category :
Languages : en
Pages :
Get Book Here
Book Description
This study analyzes temporal trading volume surge associated with a firm's public announcement of its spinoff divesture. Combining Miller's (1977) static difference-of-opinion (DO) model with Banerjee and Kremer's (2010) dynamic DO model, this study investigates the effects of investors' differential interpretations of spinoff announcements on price changes for 221 corporate spinoffs in the U.S from 1964 to 2005. We measure the ex-ante level of DO as the degree of DO about a firm's value in a typical trading day prior to a spinoff announcement, and the event level of DO as the changed level of DO triggered by investors' differential interpretations of its spinoff announcement. We find that spinoff announcements spark a sudden and sharp increase in the level of DO. This increase is positively correlated with abnormal returns generated by the announcements. Consistent with the notion of investors' limited attention, the ex-ante level of DO is negatively related to disagreement shock. Further, defining the ex-ante level of DO as disagreement factor, we validate its statistical significance after controlling for other known determinants for these returns in the entire study period. For the first study period between 1964 and 1991, we confirm the results of prior studies on the effects of a change in industrial focus and the relative size of a spun-off on the abnormal returns. For the second study period from 1992 to 2005, all these factors are found insignificant. Only variable that consistently accounts for the cross-sectional variation in the abnormal returns is disagreement factor. .
Author: Carmen M. Reinhart
Publisher: Princeton University Press
ISBN: 0691152640
Category : Business & Economics
Languages : en
Pages : 513
Get Book Here
Book Description
An empirical investigation of financial crises during the last 800 years.
Author: Shouyang Wang
Publisher: Springer Science & Business Media
ISBN: 3642559344
Category : Business & Economics
Languages : en
Pages : 260
Get Book Here
Book Description
In our daily life, almost every family owns a portfolio of assets. This portfolio could contain real assets such as a car, or a house, as well as financial assets such as stocks, bonds or futures. Portfolio theory deals with how to form a satisfied portfolio among an enormous number of assets. Originally proposed by H. Markowtiz in 1952, the mean-variance methodology for portfolio optimization has been central to the research activities in this area and has served as a basis for the development of modem financial theory during the past four decades. Follow-on work with this approach has born much fruit for this field of study. Among all those research fruits, the most important is the capital asset pricing model (CAPM) proposed by Sharpe in 1964. This model greatly simplifies the input for portfolio selection and makes the mean-variance methodology into a practical application. Consequently, lots of models were proposed to price the capital assets. In this book, some of the most important progresses in portfolio theory are surveyed and a few new models for portfolio selection are presented. Models for asset pricing are illustrated and the empirical tests of CAPM for China's stock markets are made. The first chapter surveys ideas and principles of modeling the investment decision process of economic agents. It starts with the Markowitz criteria of formulating return and risk as mean and variance and then looks into other related criteria which are based on probability assumptions on future prices of securities.
Author: Amy Gallo
Publisher: Harvard Business Review Press
ISBN: 1633692167
Category : Business & Economics
Languages : en
Pages : 224
Get Book Here
Book Description
While some of us enjoy a lively debate with colleagues and others prefer to suppress our feelings over disagreements, we all struggle with conflict at work. Every day we navigate an office full of competing interests, clashing personalities, limited time and resources, and fragile egos. Sure, we share the same overarching goals as our colleagues, but we don't always agree on how to achieve them. We work differently. We rub each other the wrong way. We jockey for position. How can you deal with conflict at work in a way that is both professional and productive—where it improves both your work and your relationships? You start by understanding whether you generally seek or avoid conflict, identifying the most frequent reasons for disagreement, and knowing what approaches work for what scenarios. Then, if you decide to address a particular conflict, you use that information to plan and conduct a productive conversation. The HBR Guide to Dealing with Conflict will give you the advice you need to: Understand the most common sources of conflict Explore your options for addressing a disagreement Recognize whether you—and your counterpart—typically seek or avoid conflict Prepare for and engage in a difficult conversation Manage your and your counterpart's emotions Develop a resolution together Know when to walk away Arm yourself with the advice you need to succeed on the job, with the most trusted brand in business. Packed with how-to essentials from leading experts, the HBR Guides provide smart answers to your most pressing work challenges.
Author: Pope Benedict XVI
Publisher: Ignatius Press
ISBN: 1621644146
Category : Religion
Languages : en
Pages : 150
Get Book Here
Book Description
"The priesthood is going through a dark time", according to Pope Emeritus Benedict XVI and Robert Cardinal Sarah. "Wounded by the revelation of so many scandals, disconcerted by the constant questioning of their consecrated celibacy, many priests are tempted by the thought of giving up and abandoning everything." In this book, the pope emeritus and the prefect of the Congregation for Divine Worship and the Discipline of the Sacraments give their brother priests, and the whole Church, a message of hope. They honestly address the spiritual challenges faced by priests today, while pointing to deeper conversion to Jesus Christ as the key to faithful and fruitful priestly ministry and genuine reform. Benedict XVI and Cardinal Sarah "fraternally offer these reflections to the people of God and, of course, in a spirit of filial obedience, to Pope Francis", who has said, "I think that celibacy is a gift for the Church. . . . I don't agree with allowing optional celibacy, no." Responding to calls for refashioning the priesthood, including proposals from participants in the Amazonian Synod, two wise, spiritually astute pastors explain the importance of priestly celibacy for the good of the whole Church. Drawing on Vatican II, they present celibacy as not just "a mere precept of ecclesiastical law", but as a sharing in Jesus' sacrifice on the Cross and his identity as Bridegroom of the Church.
Author: J. McAuley
Publisher: Springer
ISBN: 0230305830
Category : Political Science
Languages : en
Pages : 567
Get Book Here
Book Description
A timely assessment of loyalist history, identity and community in Northern Ireland today which provides a comprehensive picture of how loyalism has reacted to changes since the Good Friday Agreement. Challenging simplistic stereotypes of loyalism this book provides a complex multi-faceted explanation of the loyalist imagination.
