Two Essays in Finance

Two Essays in Finance PDF Author: Ward R. Kangas
Publisher: Universal-Publishers
ISBN: 1581120044
Category : Business & Economics
Languages : en
Pages : 144

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Book Description
Based on data on publicly traded insurance firms, the first essay examines questions about the effect of large catastrophic events on insurance firms. Rather than looking at a single event, thirty catastrophic events were aggregated into quintiles and the cumulative abnormal returns around these events were found to be significantly positive over a 25 day trading window. There is no significant evidence that post-catastrophic stock returns are correlated to the magnitude of the catastrophe. The second essay analyzes the effect of a large land grant university, the University of Illinois, on the State Treasury of Illinois. If the State Treasury were acting as its own agent trying to maximize revenues, would it choose higher education as an investment versus other alternative investments. While it is true the State makes large expenditures for the operations of the University, it is also true that individuals receiving degrees on average receive higher incomes. Taxes or higher incomes offset the cost of operating the University. The study is broken out by the level of student: undergraduate, masters, doctorate, medical professional, and by function of the University. It was found that all levels of education have a positive return not only for the individual, but also for the State Treasury. This is in excess of any non-pecuniary benefits to the State of having a better educated population, or the local taxation effects on the county or city where the campus is located. These returns are found to be higher than other types of investments.

Two Essays in Finance

Two Essays in Finance PDF Author: Ward R. Kangas
Publisher: Universal-Publishers
ISBN: 1581120044
Category : Business & Economics
Languages : en
Pages : 144

Get Book Here

Book Description
Based on data on publicly traded insurance firms, the first essay examines questions about the effect of large catastrophic events on insurance firms. Rather than looking at a single event, thirty catastrophic events were aggregated into quintiles and the cumulative abnormal returns around these events were found to be significantly positive over a 25 day trading window. There is no significant evidence that post-catastrophic stock returns are correlated to the magnitude of the catastrophe. The second essay analyzes the effect of a large land grant university, the University of Illinois, on the State Treasury of Illinois. If the State Treasury were acting as its own agent trying to maximize revenues, would it choose higher education as an investment versus other alternative investments. While it is true the State makes large expenditures for the operations of the University, it is also true that individuals receiving degrees on average receive higher incomes. Taxes or higher incomes offset the cost of operating the University. The study is broken out by the level of student: undergraduate, masters, doctorate, medical professional, and by function of the University. It was found that all levels of education have a positive return not only for the individual, but also for the State Treasury. This is in excess of any non-pecuniary benefits to the State of having a better educated population, or the local taxation effects on the county or city where the campus is located. These returns are found to be higher than other types of investments.

Two Essays in the Theory of Finance

Two Essays in the Theory of Finance PDF Author: Donald I. Bosshardt
Publisher:
ISBN:
Category : Finance
Languages : en
Pages : 252

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Book Description


Essays in finance

Essays in finance PDF Author: Sir Robert Giffen
Publisher:
ISBN:
Category : Currency question
Languages : en
Pages : 374

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Book Description


Essays in Finance

Essays in Finance PDF Author: Robert Giffen
Publisher:
ISBN:
Category : Currency question
Languages : en
Pages : 370

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Essays in Finance, 1st Ser

Essays in Finance, 1st Ser PDF Author: Robert Giffen
Publisher:
ISBN:
Category : Currency question
Languages : en
Pages : 388

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Two Essays on Macroeconomics and Finance

Two Essays on Macroeconomics and Finance PDF Author: Sami Alpanda
Publisher:
ISBN:
Category :
Languages : en
Pages : 202

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Book Description


Macroeconomics, Finance and Money

Macroeconomics, Finance and Money PDF Author: Giuseppe Fontana
Publisher: Springer
ISBN: 0230285589
Category : Business & Economics
Languages : en
Pages : 363

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Book Description
This volume focuses on current issues of debate in the area of modern macroeconomics and money, written from (a broadly interpreted) post Keynesian perspective. The papers connect with Philip Arestis' contributions to macroeconomics and money, and pay tribute to his distinguished career.

The Spectator

The Spectator PDF Author:
Publisher:
ISBN:
Category : English literature
Languages : en
Pages : 1352

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Book Description
A weekly review of politics, literature, theology, and art.

The Saturday Review of Politics, Literature, Science, Art, and Finance

The Saturday Review of Politics, Literature, Science, Art, and Finance PDF Author:
Publisher:
ISBN:
Category : Art
Languages : en
Pages : 1104

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Book Description


Coercion and Social Welfare in Public Finance

Coercion and Social Welfare in Public Finance PDF Author: Jorge Martinez-Vazquez
Publisher: Cambridge University Press
ISBN: 1107052785
Category : Business & Economics
Languages : en
Pages : 369

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Book Description
This book explores the role that coercion plays in the establishment and evolution of the public economy.