Zobrazeno 1 - 10
of 95
pro vyhledávání: '"Xiangkang Yin"'
Publikováno v:
Financial Management. 51:1165-1200
Publikováno v:
Abacus. 58:523-566
This paper develops an equilibrium model featuring heterogeneity in investor risk tolerance across different risk sources. Using Australian data, it confirms the theoretical predictions of the model, by showing that a higher imputation credit yield i
Autor:
XIANGKANG YIN1
Publikováno v:
Journal of Finance (Wiley-Blackwell). Jun2005, Vol. 60 Issue 3, p1567-1590. 24p. 1 Graph.
Publikováno v:
Journal of Empirical Finance. 59:257-277
Daily returns of stocks with high program trading comove more with each other but less with others. This significant comovement is disconnected with market movements and news of fundamentals and becomes stronger when market uncertainty is higher. It
Publikováno v:
Financial Review. 56:29-53
This study documents a positive and robust effect of co-opted boards on firm innovation. This effect is mainly driven by co-opted independent directors. Firms with more co-opted independent directors are associated with lower sensitivities of CEO pay
Publikováno v:
Journal of Financial Research. 43:705-731
We detect jumps in a high‐frequency price series of exchange‐traded funds (ETFs) that track the broad indexes of U.S. equity markets. Although many jumps (43%) are related to macroeconomic news, more jumps (57%) are not. No‐news jumps are follo
Publikováno v:
Journal of Financial and Quantitative Analysis. 56:1738-1770
Institutional demand for a stock before its earnings announcement is negatively related to subsequent returns. The relation is not attributable to the price pressure of institutional demand and is stronger for stocks with higher information asymmetry
Publikováno v:
Accounting & Finance. 61:1665-1695
We examine whether corporate decisions such as share repurchases influence a firm’s intangible assets and their production. We find a significantly negative relationship between share repurchases and firm innovation. The negative relationship survi