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 29 for “"investment horizon"”.
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Analyst Herding, Shareholder Investment Horizon, and Management Earnings Guidance
This dissertation examines the characterization of transient investors by financial analysts. Transient investors have been portrayed in the literature as either 1) informed investors or 2) poor monitors. No research to date, however, has examined how financial analysts, who are important …
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Does Investment Horizon Matter? Disentangling the Effect of Institutional Herding on Stock Prices
… with herding over one- to three-quarter horizons. The literature also shows that short-term institutions are better informed than long-term institutions. Motivated by heterogeneity in the level of informed trading between short-term and long-term institutions, this study disentangles the …
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Portfolio diversification for long holding periods: how many stocks do Canadian investors need?
… American data with a focus on the short-term investment horizon. Cleary and Copp's (1999) paper is the only study that utilized Canadian data with an emphasis on the short-term investment horizon. To fill this void, this thesis examines the cumulative rates of return over a 20-year investment …
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Three essays in semi-parametric modelling of time-varying distribution
… apply the spatial distribution analysis to rank investment strategies by comparing their time aggregated utilities over the investment horizon. To this end, we use a spatial dominance test. Since a classical stochastic dominance approach considers only the return distribution at the terminal time …
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Long term portfolio construction
… commonly advice individual investors with a long investment horizon to invest in portfolios comprised more of equities. This advice is usually coupled with the practice of shifting the investor's portfolio from risky asset holdings towards bonds and cash as the investor's target date gets closer. …
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The optimal asset allocation for South African real return investors
… real returns over short, medium and long-term investment horizons. The joint returns are modelled with data-centric methods that are empirical and non-parametric in nature, and are able to capture the dependencies of returns over time. The asset classes that are considered are South African …
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Two Essays on Executive Compensation
… compensation channel to align managerial horizon with their investment horizon. We utilize a newly emerged empirical measure, pay duration, to measure managerial horizon. For shareholder horizon, we use the fraction of long-term institutional ownership in the firm. Results show that there …
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An investigation into the characteristics of equity volatility and its implications for derivative strategies
… is carried out over a number of forecasting horizons using regression analysis as well as robust pairwise tests. The second part of this thesis uses semi-parametric techniques to examine the long-run dynamics of UK equity volatility. The nature of volatility persistence found in both the …
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Millennial Attitudes Towards Financial Advisors and Emerging Investment Technologies
… their portfolios, as well as their desired investment horizon. These clusters further differed in their desire for a traditional financial advisor as opposed to emerging investment algorithms; namely, Cluster 2 prefers the conjunction of an experienced advisor with advanced algorithms as …
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What about the equity? : a qualitative analysis of governance provisions and return structures for equity investments in joint venture real estate projects
… primary document used to formalize joint equity investments in real estate projects. Through the author's observation of a collection of operating agreements (primarily at the institutional level) governing both operating real estate projects and ground-up development projects, the paper …
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German public real estate open-ended funds in Japan
… open-ended fund, a major indirect real estate investment vehicle for German individual investors, is now suffering a strong pressure of globalization from its investors because of the sluggish German domestic real estate market. In order to deal with such pressure, many funds have begun to …
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Essays in financial engineering
… portfolios of options that mimic certain dynamic investment policies, e.g., asset-allocation rules. We explore this possibility by solving the following problem: given an optimal dynamic investment policy, find a set of options at the start of the investment horizon which will come closest to the …
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The impact of sovereign wealth investment on the commercial real estate investment market
… operate under an effective "indefinite" time horizon. Finally, as government entities, there may be non-economic strategic goals when informing the investment decision. Combining these issues of limited transparency, preferential taxation, limited discloser requirements, indefinite investment …
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An empirical analysis of quantitative trading strategies
… costs and heating-up competition in financial investment industry, quantitative trading strategies or quantitative trading rules have been evolving rapidly in a few decades. They challenge the Efficient Market Hypothesis by trying to forecast future price movements of risky assets from the …
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The case of inclusive gentrification in Casco Viejo : when long-term investment and community interests align
… pose a risk to property values. With a long-term investment horizon, mitigating this risk using a range of methods including building affordable housing or investing in employment programs becomes a strategic business need. Transferring part of the value created through this premium on diversity …
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Office leases & landlord investment in energy efficiency
… the relationship between leases and landlord investment in energy efficiency, and if there is any way to increase such investment. The most significant finding of this study is that the lease does not determine the way the market works, rather the market determines the way the leases are …
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ESG and corporate financial performance: evidence from JSE listed firms
… evidence suggests that over a nine-year investment horizon, higher ESG disclosure performance detracts from firm fundamental and market performance. Further interpretation of the results in conjunction with the literature may suggest that ESG ought to be seen as an insurance policy …
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An Empirical Investigation of Portfolios with Little Idiosyncratic Risk
… can be substantially higher if, for example, the investment horizon length, the benchmark portfolio, and/or the cost of investing in the benchmark portfolio are changed. The active diversification strategy considered in this study, which consists of optimizing randomly selected portfolios, does …
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A comparison of potential agricultural and forestry investment returns for Virginia's marginal lands
… marginal agricultural lands to forestry investments. A technique was developed to compare possible financial returns between prevalent cropping systems and forestry investments on marginal soil series throughout Virginia. Crops and tree species used in the study include the following: …
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Estimate-related disclosures, investor mindset, and the illusion of precision in financial statement estimates
… psychology theory, results reveal that short horizon investors adopt a relatively concrete mindset and long horizon investors adopt a relatively abstract mindset. As a consequence, disclosing that the recognized fair value of an impaired asset was derived from unobservable (i.e., level 3) …
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