EBookClubs

Read Books & Download eBooks Full Online

EBookClubs

Read Books & Download eBooks Full Online

Book The Quarterly Review of Economics and Finance

Download or read book The Quarterly Review of Economics and Finance written by and published by . This book was released on 1999 with total page 516 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Working Paper Series

Download or read book Working Paper Series written by and published by . This book was released on 2000 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Time Present and Time Past   a Duration Analysis of IMF Program Spells

Download or read book Time Present and Time Past a Duration Analysis of IMF Program Spells written by Joseph P. Joyce and published by . This book was released on 2001 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book The Fed in Print

Download or read book The Fed in Print written by and published by . This book was released on 1996 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Estimating the Euler Equation for Output

Download or read book Estimating the Euler Equation for Output written by Jeffrey C. Fuhrer and published by . This book was released on 2002 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book An Optimizing Model for Monetary Policy Analysis

Download or read book An Optimizing Model for Monetary Policy Analysis written by Jeffrey C. Fuhrer and published by . This book was released on 1998 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Transition Dynamics in Vintage Capital Models

Download or read book Transition Dynamics in Vintage Capital Models written by Simon Gilchrist and published by . This book was released on 2001 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Price Discrimination in the Airline Market

Download or read book Price Discrimination in the Airline Market written by Joanna Stavins and published by . This book was released on 1996 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Book Are  Deep  Parameters Stable

Download or read book Are Deep Parameters Stable written by Arturo Estrella and published by . This book was released on 1999 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: Shows that some forward-looking models from the recent literature may be less stable than their better-fitting backward-looking counterparts.

Book Managers  Opportunistic Trading of Their Firm s Shares

Download or read book Managers Opportunistic Trading of Their Firm s Shares written by John Scott Jordan and published by . This book was released on 1997 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: Providing managers with stock in the firm may help ensure that managers act in the shareholders' interest. The level of managerial stock ownership, however, is not generally controlled by the firm's compensation committee. Rather, managers themselves determine the level of their stock holdings. To date, though, little evidence exists on managers' personal transactions and how these trades affect their overall equity holdings. This analysis provides insight on the trading practices of bank managers. I find that managers do not rely solely on the actions of a compensation committee to set their stock holdings. The assumption that managerial stock holdings are determined solely by the firm's compensation committee is shown to be inaccurate. I provide evidence that managerial open market purchases and sales are both primary determinants of the level of managerial stock holdings. I also show that managers alter their holdings in an opportunistic manner. In general, managers alter their stock holdings when their firm's prospects change. Managers consistently take advantage of private firm-specific information, earning positive abnormal returns on open market purchases while avoiding negative abnormal returns by making open market sales. Evidence suggests that opportunistic trading is most prevalent among managers who face the greatest exposure to their firm's nonsystematic risk. In general, managers appear to "fine tune" the proportion of their wealth that is sensitive to changes in firm value. In effect, this trading increases the rate of return and reduces the riskiness o.