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Showing 1 to 3 of 3 for “"price drift"”.

  1. Do Investors Over-react to Patterns of Past Financial Performance Measures?

    … this thesis examines whether an intermediate price drifts (e.g. Jegadeesh and Titman [1993]) and subsequent long-horizon price reversal (e.g. DeBondt and Thaler (1985)] are manifestations of a market over-reaction as suggested in recent studies (e.g. Lee and Swaminathail [2000]).Annual data on …

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  2. Essays in International Finance

    … firms and evaluates how their stock prices respond to analysts' recommendations. The first chapter investigates the relationship between ownership structures and the mode of acquisition. I find that targets with controlling shareholders are more likely to be engaged in a 'control …

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  3. Essays on Water Quality Management for the Chesapeake Bay Watershed

    … nutrient credit trading behavior when facing the price uncertainty given the credits are allowed to be banked for future use. A two-step decision model is used in this study. For the first step, we determine the landowner's application level of a BMP on working land in the initial time period. The …

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