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.
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Showing 1 to 16 of 16 for “"information advantage"”.
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Rational expectations, money announcements, and the bond market
… unless the central monetary authority holds an information advantage over the general public. In defining rational expectations, John Muth wrote that "public predictions" or announcements do not affect markets since no new information is provided. This paper examines the question of whether …
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Defeating eavesdropping with quantum illumination
… for using entanglement to gain a performance advantage-in comparison with classical-state systems of the same optical power-over lossy, noisy channels that destroy entanglement. Previous work has shown how it can be used to defeat passive eavesdropping on a two-way Alice-to-Bob-to-Alice …
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Essays in Financial Economics
… with a model in which rational traders have an information advantage over noise traders. Chapter 3, “Price-based Momentum and Earnings-based Momentum,” compares momentum strategies based on firms’ stock prices with momentum strategies based on their earnings surprises in order to test whether …
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Post-9/11 US civil-military relations and control of military strategy during Operation Iraqi Freedom
… civilian unity; military unity; and information advantage. In presenting a comprehensive analysis of civil-military power relations throughout OIF, the thesis offers a more nuanced response to the question of who controls US military strategy and demonstrates which independent …
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Essays in Household and Behavioral Finance
… these differences in forecasting accuracy into information, forecast bias, and forecast noise. We find that noise and bias strongly increase with forecast horizon, while equity analysts’ information advantage decays rapidly. We show that noise increasing with the forecasting horizon generates a …
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Essays on Financial Economics
… Management is assumed to have an initial information advantage over investors. However, when a firm's decision in the first stage can change investors' beliefs and, consequently, impact the security issuance in the second stage, its optimal choice differs significantly from the strict …
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ESSAYS IN EMPIRICAL CORPORATE FINANCE
… model of ambiguity aversion wherein the family’s information advantage in their firm allows them to more accurately estimate value-at-risk in tail events relative to the diversified portfolio. Using an index of macroeconomic uncertainty, we find a strong, negative relation between the uncertainty …
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Three essays on corporate acquisitions, bidders' liquidity, and monitoring
… bundling two publicly held claims reduces the information advantage of informed traders. In essay two, “Liquidity and Market Monitoring: An Examination of Changes in Market Monitoring for Successful Bidders”, I use takeover as a liquidity-changing event to examine empirically the relation …
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Real-time operations planning and control of high-frequency transit
… and current practice limit the utility of this information. This research develops new concepts, frameworks, and models for real-time optimization of operations, utilizing both historical and real-time information originating from connected data collection devices, including automated vehicle …
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ESSAYS ON FINANCIAL INTERMEDIARIES IN CAPITAL MARKET
… consists of three chapters that examine how information production by financial intermediaries impacts on the capital market.My first chapter investigates whether extreme but rare events, i.e., major climatic disasters, influence the productivity of professional financial analysts, whose …
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Examining Combat Effectiveness in Asymmetric Engagements with Balanced Forces Using the Information Age Combat Model
… as Network-Centric Operations (NCO), which puts information superiority on the frontline. Moreover, the information advantage that is gained through information superiority is translated into a tactical war-fighting advantage.</p> <p>A research gap has been identified in the investigation of …
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Classification of Trading Strategies for the Early Detection of Poor Traders
… to apply these methodologies to provide the information advantage sought.<br/>The work described in this thesis derives from an industrial collaboration between the University of South Wales and OSTC Wales Ltd., a trading company specialising in the trading of interest rates, commodity …
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Three Essays In Finance
… the cross section of stock returns. With private information about their customers' prospects, suppliers extend trade credit to capture future profitable business. We show that this information advantage generates significant return predictability. After controlling for major firm characteristics, …
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The Corporate-Level Allocation of Resources in Multi-Business Firms
… chapter, drawing on the concept of private information, I develop and test theory of why some multi-business firms show stronger tendencies to inertia in their resource allocation than others. Results indicate that firms with high levels of unrelated diversification act less dynamically in …
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Essays on financial econometrics : variance and covariance estimation using price durations
… time-domain high-frequency estimators. The information advantage of the duration based approach is demonstrated through two empirical applications, a volatility forecasting exercise and an out-of-sample globalminimum-variance portfolio allocation problem. The duration based estimators are …
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Bounded Rationality in Real Estate Investment Decisions
… cognitive errors by processing the available information in a selective and biased manner and rely on additional emotional heuristics to take mental shortcuts. Instead of making optimal decisions, they seek satisfactory solutions. Overall, they can muster bounded rationality only. Real estate …