Three Essays on Financial Markets

Three Essays on Financial Markets PDF Author: Min Hwang
Publisher:
ISBN:
Category :
Languages : en
Pages : 322

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Three Essays on Financial Markets

Three Essays on Financial Markets PDF Author: Min Hwang
Publisher:
ISBN:
Category :
Languages : en
Pages : 322

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Book Description


Three Essays in Financial Economics

Three Essays in Financial Economics PDF Author: Eric Neis
Publisher:
ISBN:
Category : Municipal bonds
Languages : en
Pages : 618

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Three Essays in Financial Markets. The Bright Side of Financial Derivatives: Options Trading and Firm Innovation

Three Essays in Financial Markets. The Bright Side of Financial Derivatives: Options Trading and Firm Innovation PDF Author: Iván Blanco
Publisher: Ed. Universidad de Cantabria
ISBN: 8481028770
Category : Business & Economics
Languages : en
Pages : 90

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Book Description
Do financial derivatives enhance or impede innovation? We aim to answer this question by examining the relationship between equity options markets and standard measures of firm innovation. Our baseline results show that firms with more options trading activity generate more patents and patent citations per dollar of R&D invested. We then investigate how more active options markets affect firms' innovation strategy. Our results suggest that firms with greater trading activity pursue a more creative, diverse and risky innovation strategy. We discuss potential underlying mechanisms and show that options appear to mitigate managerial career concerns that would induce managers to take actions that boost short-term performance measures. Finally, using several econometric specifications that try to account for the potential endogeneity of options trading, we argue that the positive effect of options trading on firm innovation is causal.

The Theory of Money and Financial Institutions

The Theory of Money and Financial Institutions PDF Author: Martin Shubik
Publisher: MIT Press
ISBN: 9780262693110
Category : Business & Economics
Languages : en
Pages : 472

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Book Description
This first volume in a three-volume exposition of Shubik's vision of "mathematical institutional economics" explores a one-period approach to economic exchange with money, debt, and bankruptcy. This is the first volume in a three-volume exposition of Martin Shubik's vision of "mathematical institutional economics"--a term he coined in 1959 to describe the theoretical underpinnings needed for the construction of an economic dynamics. The goal is to develop a process-oriented theory of money and financial institutions that reconciles micro- and macroeconomics, using as a prime tool the theory of games in strategic and extensive form. The approach involves a search for minimal financial institutions that appear as a logical, technological, and institutional necessity, as part of the "rules of the game." Money and financial institutions are assumed to be the basic elements of the network that transmits the sociopolitical imperatives to the economy. Volume 1 deals with a one-period approach to economic exchange with money, debt, and bankruptcy. Volume 2 explores the new economic features that arise when we consider multi-period finite and infinite horizon economies. Volume 3 will consider the specific role of financial institutions and government, and formulate the economic financial control problem linking micro- and macroeconomics.

Three essays on empirical finance

Three essays on empirical finance PDF Author: Tse-Chun Lin
Publisher: Rozenberg Publishers
ISBN: 9036101514
Category :
Languages : en
Pages : 146

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Three Essays in Finance

Three Essays in Finance PDF Author: Feifei Li
Publisher:
ISBN:
Category : Consolidation and merger of corporations
Languages : en
Pages : 322

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Three Essays on the Industrial Organization of Financial Markets

Three Essays on the Industrial Organization of Financial Markets PDF Author: David F. Andrade
Publisher:
ISBN:
Category :
Languages : en
Pages : 236

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Three Essays on

Three Essays on PDF Author: Moonsuk Oh
Publisher:
ISBN:
Category :
Languages : en
Pages : 362

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Three Essays on Financial Liberalization, Financial Market, and Economic Growth

Three Essays on Financial Liberalization, Financial Market, and Economic Growth PDF Author: Rong-Chang Wu
Publisher:
ISBN:
Category : Capital investments
Languages : en
Pages : 304

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Three Essays on Behavioral Finance

Three Essays on Behavioral Finance PDF Author: Gabriele M. Lepori
Publisher:
ISBN:
Category : Efficient market theory
Languages : en
Pages : 342

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