Zobrazeno 1 - 10
of 61
pro vyhledávání: '"L. Lenkey"'
Publikováno v:
Solid Earth, Vol 6, Iss 1, Pp 93-102 (2015)
Numerical modeling has been carried out in a 2-D cylindrical shell domain to quantify the evolution of a primordial dense layer around the core–mantle boundary. Effective buoyancy ratio, Beff was introduced to characterize the evolution of the two-
Externí odkaz:
https://doaj.org/article/26ec7b0294024b74a5aeba92e0c5c557
Autor:
Stephen L. Lenkey, Timothy T. Simin
Publikováno v:
Journal of Finance and Data Science, Vol 9, Iss , Pp 100111- (2023)
We analyze a multi-period model of capital gains taxation with endogenous prices. Relative to an economy without taxation, a capital gains tax tends to lower prices and increase returns. Abstracting from tax redistribution policies, we find that a ta
Externí odkaz:
https://doaj.org/article/04e4722209a84b148d518de0e87bdb17
Autor:
Stephen L. Lenkey
Publikováno v:
Management Science. 67:1803-1824
Using a rational expectations equilibrium framework, I evaluate the effects of a short-sale prohibition in an economy with asymmetrically informed investors who are identical except for their information sets. Relative to an economy in which short se
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::af49f94d8d9de33f0a33bdf7f4291c6a
https://doi.org/10.1287/mnsc.2019.3501
https://doi.org/10.1287/mnsc.2019.3501
Publikováno v:
Economics Letters. 182:78-81
We derive a parametric restriction necessary and sufficient for an equilibrium to exist in the model of Lenkey (2014). Given this restriction, the equilibrium is unique, correcting findings in the original article that multiple equilibria may exist w
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::62274be7c26640f989c069fd08d3a08b
https://doi.org/10.1016/j.econlet.2019.06.004
https://doi.org/10.1016/j.econlet.2019.06.004
Autor:
Stephen L. Lenkey
Publikováno v:
The Review of Financial Studies. 32:4947-4996
Rule 10b5-1 enables insiders to preplan future trades before becoming informed. Within a strategic rational expectations equilibrium framework, I characterize an insider’s unique optimal trading plan, which balances portfolio diversification agains
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::5d69dee9afc0ff6add7a70fd3bd445e6
https://doi.org/10.1093/rfs/hhz035
https://doi.org/10.1093/rfs/hhz035
Autor:
Stephen L. Lenkey, Ivan Ivanov
Publikováno v:
Journal of Financial Markets. 41:36-56
The design of leveraged and inverse exchange-traded funds (ETFs) has raised concerns that they may exacerbate volatility in financial markets by mechanically rebalancing their portfolios in the same direction as contemporaneous returns. We show theor
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::511c702184ad7ea96bc20af810ce11b6
https://doi.org/10.1016/j.finmar.2018.09.001
https://doi.org/10.1016/j.finmar.2018.09.001
Autor:
Stephen L. Lenkey
Publikováno v:
Journal of Economic Theory. 169:517-545
The short-swing profit rule is a federal statute that requires insiders to forfeit any trading profit earned from a combined purchase and sale that occurs within a six-month period. Using a multi-period strategic rational expectations equilibrium fra
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::045c6f6aef4470b155b4baba09602eda
https://doi.org/10.1016/j.jet.2017.03.004
https://doi.org/10.1016/j.jet.2017.03.004
Akademický článek
Tento výsledek nelze pro nepřihlášené uživatele zobrazit.
K zobrazení výsledku je třeba se přihlásit.
K zobrazení výsledku je třeba se přihlásit.
Autor:
Stephen L. Lenkey
Publikováno v:
Journal of Business Finance & Accounting. 43:1280-1296
I model the effect of disclosure on the tradeoff between information risk, liquidity risk, and price risk for a well-informed, risk-averse insider. Revealing some information before trading decreases the variability of the insider's information advan
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::fe71ecf1848efb61c5dde3e0c297784c
https://doi.org/10.1111/jbfa.12224
https://doi.org/10.1111/jbfa.12224
Autor:
Stephen L. Lenkey, Fenghua Song
Publikováno v:
SSRN Electronic Journal.
We examine how an informational feedback loop between bilateral security trading and firm investment endogenously affects information production. A trader's acquisition of information about a firm's investment opportunity can create an endogenous tra
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::06aa8f255799c66343913699caf986f5
https://doi.org/10.2139/ssrn.3089981
https://doi.org/10.2139/ssrn.3089981