Author: Ward R. Kangas
Publisher: Universal-Publishers
ISBN: 1581120044
Category : Business & Economics
Languages : en
Pages : 144
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
Author: Ward R. Kangas
Publisher: Universal-Publishers
ISBN: 1581120044
Category : Business & Economics
Languages : en
Pages : 144
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.
Publisher: Universal-Publishers
ISBN: 1581120044
Category : Business & Economics
Languages : en
Pages : 144
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
Author: Donald I. Bosshardt
Publisher:
ISBN:
Category : Finance
Languages : en
Pages : 252
Book Description
Publisher:
ISBN:
Category : Finance
Languages : en
Pages : 252
Book Description
Essays in finance
Author: Sir Robert Giffen
Publisher:
ISBN:
Category : Currency question
Languages : en
Pages : 374
Book Description
Publisher:
ISBN:
Category : Currency question
Languages : en
Pages : 374
Book Description
Essays in Finance
Author: Robert Giffen
Publisher:
ISBN:
Category : Currency question
Languages : en
Pages : 370
Book Description
Publisher:
ISBN:
Category : Currency question
Languages : en
Pages : 370
Book Description
Essays in Finance, 1st Ser
Author: Robert Giffen
Publisher:
ISBN:
Category : Currency question
Languages : en
Pages : 388
Book Description
Publisher:
ISBN:
Category : Currency question
Languages : en
Pages : 388
Book Description
Two Essays on Macroeconomics and Finance
Author: Sami Alpanda
Publisher:
ISBN:
Category :
Languages : en
Pages : 202
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages : 202
Book Description
Macroeconomics, Finance and Money
Author: Giuseppe Fontana
Publisher: Springer
ISBN: 0230285589
Category : Business & Economics
Languages : en
Pages : 363
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.
Publisher: Springer
ISBN: 0230285589
Category : Business & Economics
Languages : en
Pages : 363
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
Author:
Publisher:
ISBN:
Category : English literature
Languages : en
Pages : 1352
Book Description
A weekly review of politics, literature, theology, and art.
Publisher:
ISBN:
Category : English literature
Languages : en
Pages : 1352
Book Description
A weekly review of politics, literature, theology, and art.
The Saturday Review of Politics, Literature, Science, Art, and Finance
Author:
Publisher:
ISBN:
Category : Art
Languages : en
Pages : 1104
Book Description
Publisher:
ISBN:
Category : Art
Languages : en
Pages : 1104
Book Description
Coercion and Social Welfare in Public Finance
Author: Jorge Martinez-Vazquez
Publisher: Cambridge University Press
ISBN: 1107052785
Category : Business & Economics
Languages : en
Pages : 369
Book Description
This book explores the role that coercion plays in the establishment and evolution of the public economy.
Publisher: Cambridge University Press
ISBN: 1107052785
Category : Business & Economics
Languages : en
Pages : 369
Book Description
This book explores the role that coercion plays in the establishment and evolution of the public economy.