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 25 for “"Wealth Effect"”.
-
An analysis of wealth effect to shareholders of the lodging industry in mergers and acquisitions
… from the question of whether additional wealth gains from merger and acquisition activities accrued to shareholders of both acquiring and target hotel firms since there is no enough evidence related to the hospitality industry; The result indicated that corporate takeovers generate, on …
-
The effect of mergers and acquisitions on shareholder returns
… firms but also generate a positive or negative wealth effect for shareholders of firms involved. The Hubris theory hypothesises that mergers and acquisitions affect the value of the firms as well as shareholder wealth. This theory predicts that as a result of mergers and acquisitions, the value …
-
The Stock Market, the Housing Market and Consumption
… the relationship between consumption and wealth. The recent subprime mortgage crisis in the US and the European sovereign debt crisis associated with the remarkable fluctuations in both stock and housing markets have brought new concerns over the response of consumer spending to asset …
-
Personal Savings as a Function of Permanent Income
… approaches except during periods in which a wealth effect occurs. During such periods, additional variables need to be added to the model to account for a wealth effect. This analysis therefore serves to further validate the PIH and shows that it can be applied to studying household savings …
-
Essays in incomplete markets
… of incomplete markets. Chapter 1 studies the effects of capital taxation in a dynamic heterogeneous-agent economy with uninsurable entrepreneurial risk. Unlike either the complete-markets paradigm or Bewley-type models where idiosyncratic risk impacts only labor income, here it is shown that …
-
Impact of monetary policy rate on money supply in Zambia (2012-2020).
… the results showed the absence of pass-through effect from monetary policy rate to exchange rate. In the short run, monetary policy rate has no impact on money supply while exchange rate has both positive (i.e. wealth effect) and negative (i.e. currency substitution effect) impacts, with …
-
Impact of monetary policy rate on money supply in Zambia (2012-2020).
… the results showed the absence of pass-through effect from monetary policy rate to exchange rate. In the short run, monetary policy rate has no impact on money supply while exchange rate has both positive (i.e. wealth effect) and negative (i.e. currency substitution effect) impacts, with …
-
Essays In Health Economics
… investigate the impacts of housing and financial wealth on healthcare spending. The results indicate significant housing and financial wealth effects and relatively large housing wealth effects for the pooled sample. Results for each survey years of the Survey of Consumer Finances further suggest …
-
Deal Innovations In Mergers And Acquisitions: Do Go-Shop Provisions Create Real Benefits?
… of the target shareholder. I investigate the effectiveness of go-shop provisions by empirically testing two competing hypotheses: (a) the window-dressing hypothesis, and (b) the shareholder interest hypothesis. </p> <p> This is the first study to shed light on the impact of go-shop provisions …
-
How do changes in housing prices affect consumer spending? : evidence from Iceland
… predominant component of Icelandic households' wealth. Thus, it is important to understand if fluctuations in the housing market affect consumption and then to what extent. Multiple studies have been conducted on the effect of housing prices on consumption, but this is most likely the first one …
-
Monetary policy and the stock market in South Africa: how do South African equity prices respond to expected and unexpected changes in the repo rate?
… relationship, two main views have emerged. The wealth effect suggests that monetary policy changes have an indirect effect on the stock market, via changes in the value of private portfolios. On the other hand, it has been argued that the stock market is an independent source of macroeconomic …
-
Essays on Labour Supply, Retirement, and Consumption
… state pension income amount just has a limited effect on older people's work incentives, and the vast amount of intrafamily resource sharing could be partly caused by high elderly poverty. The second chapter builds and estimates a dynamic model of older people's joint decisions of labour supply, …
-
Managerial Risk-Taking and Secured Debt: Evidence from REITS
… hypotheses have different predictions for the wealth effect of secured debt ratio change. That is how I distinguish them to find out what drives the positive relation between secured debt ratio and managerial risk-taking incentive. Overall, this research extends literature in several ways, …
-
Information Environment and Gains from Corporate Takeovers
… in understanding the determinants of takeover wealth creation, as well as the theoretical and practical importance of information environment in the takeover market, this thesis examines the wealth effects of information environment on UK takeovers. It regards information dissemination as a …
-
Portfolio choices with taxes
… I show that tax-deferred accounts have only a wealth effect on overall portfolio decisions through the effective tax subsidy provided, and the optimal location decision of where to place an asset is separable from the allocation decision of overall portfolio composition among different assets. …
-
Wealth Effects of the Gramm-Leach-Bliley Act on Financial Services Industry
… of this study is to determine and analyze the wealth effects of the GLBA on U.S. and foreign banks and insurance companies. This dissertation is composed of four separate essays. In the first two chapters I investigate the wealth effects of the GLBA on domestic banks and insurance companies. I …
-
Transmission of US monetary policy to the world economies. A time varying multi-country factor augmented vector autoregressive approach
… transmission in this region suggests that the wealth effects along with the world interest rate channel do explain the negative propagation of the US shock in in the GDP of Hong Kong, Philippines and Singapore. On the other hand, the exchange rate channel is suitable in explaining the GDP …
-
Valstybės taupymo politikos poveikis: Lietuvos atvejis /
… of the Master’s thesis is to evaluate the effects of fiscal consolidation in Lithuania. Fiscal consolidation is understood as the reduction of government spending and the incensement of government taxation. The work is consisted of three main parts: literature overview, introduction to the …
-
Essays on Executive Compensation and Managerial Entrenchment.
… in the USA. It specifically examines the effects of the market for corporate control and governance on CEO turnover and CEO pay, and the effect of risk of dismissal on CEO pay. Using data on CEO pay, CEO turnover and acquisitions in the US, we analyze the risk of CEO turnover in the period …
Page 1 of 2