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 10 of 10 for “"overpricing"”.
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Analysis of overpricing of maintenance service contracts awarded via the 8(a)program and by formal advertising.
… and economically disadvantaged individuals. Overpricing of 8(a) contracts occurs when an award is mad above the current fair market value and the SBA does not provide business development expense funds for the price differential. Both General Accounting Office and United States Army Audit …
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Essays on Institutional Investors
… instead of selling short during the period of overpricing (2003Q1-2007Q2). The third essay finds that investor composition affect fund managers' portfolio choices. Specifically, I show that retail-oriented hedge funds invested more in overpriced real estate assets than institution-oriented …
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Two Essays on Asset Prices
… an optimism bias. Our findings indicate that the overpricing of stocks with high forecast dispersion is not due to investors' tendency to overweight optimistic expectations, but rather due to investor credulity regarding analysts' incentives. Our findings support the notion that assets may become …
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Three essays in finance and macroeconomics
… Lamont (2002), I interpret this as evidence of overpricing due to speculation. I find that investment by these companies follows both the increase and the decline in "q" before and after the introduction, suggesting that companies in this sample reacted to security over-pricing. In the next …
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The Value of Analyst Recommendations: An International Perspective
… that growth stocks show a higher level of overpricing compared to value stocks. The aggregate difference of opinion remains significantly negatively related to market returns after allowing time-varying risk exposure. However, countries with more binding short-sales constraints do not show …
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Essays in Financial Economics and Asset Pricing
… the dispersion of bidders’ values leads to overpricing of municipal bonds, and whether the price informativeness of municipal bonds decreases with the dispersion. An affiliated private value auction model is applied to estimate the variances of bidders’ values, and then regression analysis …
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Essays on monetary policy and financial markets in heterogeneous economies
… during the Great Recession. Chapter 3: Stock Overpricing, Managerial Incentives and Firm Investment: A Step Toward Firm-Level Heterogeneity This chapter examines how managerial compensation structures and market sentiment jointly influence managerial behavior and firm-level investment …
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Essays on Bubbles in Asset Market Experiments
… fundamental asset values. Bubble measures for overpricing and mispricing are smaller on average in the EFE treatment group. However, the information does not reduce the effects of short-term forecasts on trade behaviors or the proportion of myopic trades. Instead, the proportion of feedback …
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Examination of IPO mispricing in four markets
The apparent anomaly that initial public offerings (IPOs) are mispriced across time and markets has been a focus of academic research for over four decades. Previous studies on the subject have focused on the underpricing of IPOs. Using a sample of 6171 IPOs that were issued from 1995 to 2013 in …
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Mitigating negative transport externalities in industrialized and industrializing countries
… taken into account. Typically, in order to avoid overpricing, this is performed by introducing correction factors which capture the correlation effect. However, the correlation structure between, say, emission and congestion externalities changes for every congested facility over time of day. …