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 9 of 9 for “"value effect"”.
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The time-variation in style effects in the UK stock market
… most previous studies on static version of style effects in the overall period to their time-varying properties in the dynamic macroeconomic conditions and market states in the UK Stock Market. It deals with four research questions on style effects in the UK Stock Market in four empirical …
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Crude Oil and Crude Oil Derivatives Transactions by Oil and Gas Producers.
… the risk and return profile of crude oil, the value effect of crude oil derivatives transactions, and the systematic risk exposure effect of crude oil derivatives transactions. In contrast with previous studies, this study applies the Goldman Sachs Commodity Index (GSCI) methodology to measure …
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Sources of Value in Mergers and Acquisitions
This PhD thesis investigates sources of value in mergers and acquisitions, using a discounted cash-flow valuation method to develop a model that explains sources of economic gains. The model identifies three major sources of value in mergers, each of which can reduce or contribute to the combined …
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Political Economy of Immigration and Lobbying
… in a comparable static model. Two antagonistic effects are the ""option value effect"" that is similar to the real option effect in the theory of investment decisions under uncertainty; and a ""defender discouragement effect"" that often makes change cheaper to achieve than in a comparable …
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An Investigation of Overreaction via Implied Volatility and a Comparison between Tracking Stocks and Carve-Outs as a Restructuring Choice
… compares the degree of overreaction between value stocks and growth stocks using the implied volatility from option prices. Applying Stein's (1989) mean reversion model and Heynen, Kemna, and Vorst's (1994) GARCH and EGARCH methods, I compare the theoretical and empirical measures of reaction …
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The effect of corporate diversification on firm value : an emphirical assessment of the JSE securities exchange listed companies
This paper examines the value effect corporate diversification on firms listed on the JSE Exchange. The value gain or loss for the diversified firms is measured using Berger and Ofek's (1995) model that estimates the value of diversified companies' segments as though they were independent …
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Investing in REITs: A value-based approach
… purpose of this study is to test whether a value-based investment strategy will outperform a growth-based investment strategy when applied to SAREIT investment. The secondary purpose is to assess whether the SAREIT investor can discriminate between strong and weak value-REITs through sound …
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Reasoning about effectful programs and evaluation order
… optimizations. These transformations are often effect-dependent: replacing one program with another relies on some restriction on the side-effects of subprograms. For example, we cannot eliminate a dead computation that raises an exception, or a duplicated computation that prints to the screen. …
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Three Essays on Firm Value and Firm Risk and their Relation to IT-Exposure, Corporate Social Responsibility, and Religiosity
1. IT-Exposure and Firm Value: We analyze the joint influence of a firm’s information technology (IT)-Exposure and investment behavior on firm value. Estimating a firm’s (partial) IT-Exposure allows for distinguishing between firms with a business model that is challenged by IT above and below …