Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
Results
Showing 1 to 20 of 21 for “"Trading behavior"”.
-
The announcement waiting game : holding costs, trading, and returns around earnings announcements
… to identify (i) how holding costs influence the trading behavior of sophisticated investors and (ii) whether holding costs contribute to the concentration in returns around earnings releases through their effects on trading behavior. In sum, this paper hopes to highlight the importance of …
-
Three Essays On: Cancelling Liquidity, Information Generation And Learning By Holding Privately Placed Securities, And Information Generation, Learning And The Trading Dynamics Of Institutional Traders During The 2007-2008 Financial Crisis
… and information generation, learning and the trading dynamics of institutional traders during the 2007-2008 financial crisis. The first essay examines cancellation activity of limit orders. We document a two-fold increase in limit order cancellation activity over the last decade, and study the …
-
Communication, confidence and asset pricing.
… ability to explain the observed enormous trading activity in financial markets. Yet, a growing literature documents that social communication affects individual trading behavior and market trading patterns, and over- and underconfident traders may coexist. The dissertation thus has two …
-
Pricing and arbitrage in cryptocurrency markets
… for real-time data collection of pricing and trading activity for four cryptocurrencies across three exchanges. Using the data collected for the US Dollar to cryptocurrency order books from May 4, 2018 to May 9, 2018 we find that arbitrage opportunities exist in 0.03% to 40.38% of five-second …
-
Information quantity, information consistency, and the confidence of unsophisticated investors
… quality constant) on the judgments and trading behavior of unsophisticated investors. I find that increasing the quantity and the consistency of information causes unsophisticated investors to show greater confidence and trading aggressiveness. This relation is not explained by an …
-
Agency conflicts in financial contracting with applications to venture capital and CDO markets
… packages. I develop a model of manager trading behavior and quantify under-investment and asset substitution problems, calibrating to market parameters.
-
Monopolistic insider trading in a stationary market
This paper examines trading behavior of market participants and how quickly private information is revealed to the public. in a stationary financial market with asymmetric information. We establish reasonable assumptions, under which the market is not efficient in the strong form. in contrast to …
-
Essays on Water Quality Management for the Chesapeake Bay Watershed
… incentives when participating in water quality trading programs. Chapter 1 investigates landscape targeting of best management practices (BMPs) based on topographic index (TI) to determine how targeting would affect costs of meeting nitrogen (N) loading goals for Mahantango watershed, …
-
Three Essays on the Effect of Overconfidence on Economic Decision Making
… the relationship between overconfidence and the behavior in the other tasks. The data from this experiment show that an alcohol level of 0.08 does not have a systemic effect on behavior and more importantly it does not affect one’s level of overconfidence. I also show that overconfidence is not …
-
Essays on institutional investors, central banks and asset pricing
… to beat a benchmark may induce institutional trading behavior that exposes retail investors to tail risk. In our model, institutional investors are different from a retail investor because they derive higher utility when they outperform the benchmark. This forces institutions to take on …
-
Three Essays on Performance and Behavior of Agricultural Market Advisory Services in Corn and Soybeans
This dissertation investigates trading behavior and performance of agricultural market advisory services. The data employed consist of advisory programs tracked by the AgMAS project at the University of Illinois for 1995 through 2004 corn and soybean crops. The first essay develops measures of …
-
Essays on Investor Attention
… firm-specific information attenuates and their trading behavior is also affected. My evidence suggests that investors actively allocate their attention in response to information shocks and prioritize their information processing to large firms and systematic shocks, as suggested by models of …
-
Essays in Asset Pricing
… with Andrea Hamaui, we study mutual funds’ trading behavior. In particular, we introduce the concept of "core" vs "satellite" holdings and we characterize positions depending on their longevity and interim re- turn in a fund’s portfolio. We show that core positions are relatively protected …
-
Dynamic trading and behavioral finance
… the buy-and- hold policy due to excessive trading costs. Outperformance is possible for stocks with sufficiently high serial correlation in returns. Certain strategies succeed at reducing downside risk, but not substantially. We also look at optimizing the stop-loss level for a class of …
-
The influence of specific trader groups on price discovery in the live cattle futures market
… to act on that expectation results in a trading behavior. It is the interaction between the behaviors of all traders that determines price. A quantitative measure of the pressure exerted on price by six distinct groups of traders was developed from daily data on reporting traders in live …
-
ESSAYS ON CORPORATE GOVERNANCE
… CEOs engage more in opportunistic insider trading relative to other types of CEOs. By using a numeric measure of CEO narcissism based on textual analysis, we find that CEOs with a higher level of narcissism engage in opportunistic insider trading more intensely, which is consistent with the …
-
The Political Economy of Alternative Investments
… profound insights into organizational and human behavior, holding significant implications for policymaking and financial investment. Rather than viewing political uncertainty as mere chaos, a systematic review of its patterns can enhance my understanding of asset pricing and inform public policy …
-
Multiple-Target Tracking in Complex Scenarios
… fusion: DF). Our approach is inspired by the trading behavior of economic agents in commercial markets. We model the sensors and the sensor manager as economic agents, and the interaction among them as a double sided market with both consumers and producers. We propose an iterative double …
-
Analyzing Volatility and Policy Changes in the Financial Market: Three Essays in Applied Finance
… in financial markets from changes in investors' trading behavior as well as studying the characteristics of forecast error of various financial securities. Often, the accuracy of these forecasts rely on the estimates made for future volatility.In my first chapter, we\footnote{This is joint work …
-
The behavioral economics of foreign exchange markets - a psychological view on human expectation formation in foreign exchange markets
… are often attributed to an excessive speculative trading behavior of foreign exchange market participants. In this study we deal with psychological factors, which may be important for understanding the observable exchange rate movements. Thus, our study belongs to the new research field of …
Page 1 of 2