View All Items

Title: Operating Leverage’s Role in Stock Returns, The Value Premium, and the Profitability Premium: International Evidence.
Creator: Jansen, Benjamin A., Garcia-Feijoo, Luis, Florida Atlantic University, College of Business, Department of Finance
Abstract/Description: This dissertation investigates the association of operating leverage with stock returns, the value premium, and the profitability premium. Results in the first essay support the hypothesis that operating leverage is related to stock returns and the value premium across the sampled countries. Results are robust to cross-country differences, typical controls, multiple definitions of operating and financial leverage, and while controlling for the endogeneity of operating and financial leverage....
Show moreThis dissertation investigates the association of operating leverage with stock returns, the value premium, and the profitability premium. Results in the first essay support the hypothesis that operating leverage is related to stock returns and the value premium across the sampled countries. Results are robust to cross-country differences, typical controls, multiple definitions of operating and financial leverage, and while controlling for the endogeneity of operating and financial leverage. This suggests that the rational explanation for the presence of the value premium lies in the underlying risk exposure of fixed asset risk of operating leverage which is expressed through the value premium. Results further support the hypothesis of strengthening labor protection increasing operating leverage. In turn, increased labor protection marginally negatively associated with the value premium, suggesting that labor protection reduces the value premium through financial leverage. However, because operating and financial leverage are oppositely affected by employment protection, the joint effect of this association may be cumulatively washed out in estimating value premium with employment protection legislation. Results in the second essay further support the hypothesis that operating leverage is related to stock returns and additionally support the hypothesis of operating leverage being associated to the profitability premium. The profit premium tends to be insignificant when generated within operating leverage portfolios, and the profit premium only tends to be significantly positive in the higher operating leverage portfolios. Furthermore, once operating leverage and profitability are orthogonalized from one another, the estimated coefficient of profitability is reduced by a magnitude of roughly 10. These results provide evidence in support of the profit premium being based on the riskiness of the firm through operating leverage, and therefore the profit premium is a rationally priced risk factor in stock returns.
Show less
Date Issued: 2018
PURL: http://purl.flvc.org/fau/fd/FA00013074
Subject Headings: Operating leverage., Stocks., Financial leverage., Corporations--Valuation., Labor--Protection.
Format: Document (PDF)

Title: On Mutual Fund Family Diversification, Performance, Persistence and Flows.
Creator: Kaprielyan, Margarita, Agapova, Anna, Florida Atlantic University, College of Business, Department of Finance
Abstract/Description: The first essay introduces a portfolio theory motivated approach to measuring mutual fund family-level diversification and hedging strategies. Diversification of idiosyncratic risk (systematic risk) is measured by the average cross-fund correlation in idiosyncratic returns (predicted returns from the multifactor model). Using new methodology, I find evidence of cross-sectional variation in family-level diversification and examine several fund families’ characteristics as the determinants of...
Show moreThe first essay introduces a portfolio theory motivated approach to measuring mutual fund family-level diversification and hedging strategies. Diversification of idiosyncratic risk (systematic risk) is measured by the average cross-fund correlation in idiosyncratic returns (predicted returns from the multifactor model). Using new methodology, I find evidence of cross-sectional variation in family-level diversification and examine several fund families’ characteristics as the determinants of this crosssectional variation. On average, fund families that offer more objectives are more diversified in terms of both idiosyncratic and systematic risks; however, in the subsample of larger fund families, greater number of objectives is associated with increase (decrease) in idiosyncratic (systematic) risk diversification. Families that concentrate in the retail sector are more diversified. I also find that less diversification of idiosyncratic risk on the family level is associated with better risk-adjusted performance, while greater diversification of systematic risk is associated with greater performance during an economic downturn. The second essay examines whether new measures of diversification are additional determinants of fund family flows and flow volatility. I find that fund family capital flows increase in systematic risk focus, as more of the fund family’s assets are held by institutional investors. Family flow volatility decreases in diversification of systematic risk during market downturn, increase in market uncertainty and during recession. I further find that families with greater concentration in the retail sector (institutional sector) exhibit less family capital flow volatility as the diversification of systematic risk (idiosyncratic risk) increases. Fund-level volatility of focused and concentrated funds within diversified families is greater than in less diversified families, signaling that diversification on the family level may decrease participation costs for the investors. Moreover, in support of participation cost hypothesis, I find that the performance of worst performing funds within fund families increases in the family-level diversification; thus, family-level diversification affects the convexity in the fund flowperformance relation documented in the previous studies. On the family-level, diversification is associated with convexity in flow-performance relation, while family focus with more direct flow-performance relation.
Show less
Date Issued: 2017
PURL: http://purl.flvc.org/fau/fd/FA00004990
Subject Headings: Dissertations, Academic -- Florida Atlantic University
Format: Document (PDF)

Title: Managerial reputation and Non-GAAP earnings disclosures.
Creator: Cheng, Yun, Kohlbeck, Mark, Florida Atlantic University, College of Business, School of Accounting
Abstract/Description: I examine how managerial reputation affects the quality of non-GAAP earnings disclosures and how the market reacts to non-GAAP earnings disclosures associated with managerial reputation. Although there was an initial dip in the frequency of non-GAAP earnings disclosures after SOX and Regulation G, the frequency of non-GAAP earnings disclosures has increased in recent years (Brown, Christensen, Elliott and Mergenthaler 2012). Motivated by the efficient contracting theory and managerial...
Show moreI examine how managerial reputation affects the quality of non-GAAP earnings disclosures and how the market reacts to non-GAAP earnings disclosures associated with managerial reputation. Although there was an initial dip in the frequency of non-GAAP earnings disclosures after SOX and Regulation G, the frequency of non-GAAP earnings disclosures has increased in recent years (Brown, Christensen, Elliott and Mergenthaler 2012). Motivated by the efficient contracting theory and managerial reputation incentives, I investigate whether reputable managers are associated with higher quality non-GAAP earnings disclosures. I also investigate whether the market is more responsive to non-GAAP earnings disclosed by reputable managers. Using empirical models modified from prior research, I find that reputable managers are less likely to disclose non-GAAP earnings, which is consistent with the efficient contracting explanation. I also find that reputable managers exclude more recurring items that are related to future operating earnings when they disclose non-GAAP earnings, which is consistent with the rent extraction explanation in prior research. Finally, I find that managerial reputation has an incremental effect on the market reaction and that the market is more responsive to non-GAAP earnings disclosed by reputable managers if the unexpected earnings are positive. The study contributes to both non-GAAP earnings disclosures literature and managerial reputation incentives literature. It also has implications for investors, managers, and regulators.
Show less
Date Issued: 2014
PURL: http://purl.flvc.org/fau/fd/FA00004185, http://purl.flvc.org/fau/fd/FA00004185
Subject Headings: Capital productivity -- Measurement, Disclosure in accounting, Industrial management, Investment analysis, Risk management
Format: Document (PDF)

Title: Linking institutional, economic, technological and cultural context to entrepreneurship in regions of Europe.
Creator: Kara, Aycan, Peterson, Mark F., Florida Atlantic University, College of Business, Department of Management
Abstract/Description: Researchers and policy makers consider entrepreneurship to be a major source of economic development and competitiveness. Determinants of entrepreneurship have been studied at individual, regional and national levels. Even though research indicates that variation in the levels of entrepreneurship across regions within nations is greater than the national differences and that these differences persist over time (Bosma & Schutjen 2009, 2011; Fritsch & Mueller 2006; Sternberg 2004; Tamásy 2006),...
Show moreResearchers and policy makers consider entrepreneurship to be a major source of economic development and competitiveness. Determinants of entrepreneurship have been studied at individual, regional and national levels. Even though research indicates that variation in the levels of entrepreneurship across regions within nations is greater than the national differences and that these differences persist over time (Bosma & Schutjen 2009, 2011; Fritsch & Mueller 2006; Sternberg 2004; Tamásy 2006), we still do not know the full range of regional level determinants of entrepreneurship. I drew from Wennekers’ (2006) framework and link two lines of research (international entrepreneurship and international management) to examine the effects of institutional, economic, technological and cultural contexts on entrepreneurship across within-country regions developed ten hypotheses regarding the relationship of institutional, economic, technological and cultural context to entrepreneurship. I tested these hypotheses within Europe using the regional classification scheme developed by the European Union. Data for the variables came from the European Values Survey, European Social Survey, Eurostat, World Bank, International Social Security Association, Eurobarometer and the Global Competitiveness Report. To test the hypothesized relationships, I use Hierarchical Linear Modeling (HLM 6.0.) The results indicate that there is a positive relationship between institutional trust, Long Term Orientation and entrepreneurship levels across regions. In conclusion, examination of region-level predictors of entrepreneurship must include different measures of entrepreneurship to provide more accurate understanding and to inform policy makers.
Show less
Date Issued: 2014
PURL: http://purl.flvc.org/fau/fd/FA00004295, http://purl.flvc.org/fau/fd/FA00004295
Subject Headings: Business enterprises, Entrepreneurship -- Europe -- Research, Ethnopsychology, Management -- Cross cultural studies, Success in business, Values -- Cross cultural studies
Format: Document (PDF)

Title: Maturity of IT risk management practices and reporting structure: an it manager perspective.
Creator: Vincent, Surani, Higgs, Julia, Florida Atlantic University, College of Business, School of Accounting
Abstract/Description: In December 2009, the Securities Exchange Commission (SEC) approved enhanced proxy disclosure rules requiring companies to disclose the board’s leadership structure and the board’s role in risk oversight. Apart from general business risks, boards are increasingly interested in Information Technology (IT) risks as it affects all aspects of the organization (PricewaterhouseCoopers [PwC], 2013). Since the effectiveness of IT risk management depends on senior managers’ actions, this dissertation...
Show moreIn December 2009, the Securities Exchange Commission (SEC) approved enhanced proxy disclosure rules requiring companies to disclose the board’s leadership structure and the board’s role in risk oversight. Apart from general business risks, boards are increasingly interested in Information Technology (IT) risks as it affects all aspects of the organization (PricewaterhouseCoopers [PwC], 2013). Since the effectiveness of IT risk management depends on senior managers’ actions, this dissertation attempts to answer the question of whether the maturity of IT risk management practices (the extent to which management performs particular activities to identify, assess, monitor and respond to IT-related risks) in organizations depends on the Chief Information Office (CIO) reporting structure and the board’s leadership structure.
Show less
Date Issued: 2014
PURL: http://purl.flvc.org/fau/fd/FA00004336, http://purl.flvc.org/fau/fd/FA00004336
Subject Headings: Corporate governance, Decision making, Information technology -- Management, Information technology -- Social aspects, Management information systems, Risk management, Strategic planning
Format: Document (PDF)

Title: THREE ESSAYS ON CEO-BOARD SOCIAL CONNECTIONS AND CORPORATE POLICIES: AN INTERNATIONAL PERSPECTIVE.
Creator: Bhuyan, Md Nazmul Hasan, Javakhadze, David, Florida Atlantic University, Department of Finance, College of Business
Abstract/Description: The proposed study examines the effect of CEO-board social connections on corporate policies. Motivated by the independent board view and collaborative board view, I propose two opposing hypotheses explaining the effect of CEO-board connections on corporate policies: monitoring hypothesis and advising hypothesis. In my first essay, I validate the two competing hypotheses of CEO-board connections by investigating the effect of CEO-board connections on monitoring and advising role of the board,...
Show moreThe proposed study examines the effect of CEO-board social connections on corporate policies. Motivated by the independent board view and collaborative board view, I propose two opposing hypotheses explaining the effect of CEO-board connections on corporate policies: monitoring hypothesis and advising hypothesis. In my first essay, I validate the two competing hypotheses of CEO-board connections by investigating the effect of CEO-board connections on monitoring and advising role of the board, and firm valuation. I find that CEO-board connections have a negative effect on board monitoring and positive effect on board advising and firm valuation. The results are robust to endogeneity concerns and different model specifications. Disentangling the Channels, I also show that the predicted effect of CEO-board connections on board monitoring and advising have opposite effects on firm valuation. Lastly, I provide evidence that the effect of CEO-board connections on firm performance is stronger in firms with high growth opportunities.
Show less
Date Issued: 2020
PURL: http://purl.flvc.org/fau/fd/FA00013515
Subject Headings: Chief executive officers, Boards of directors, International perspectives
Format: Document (PDF)

Title: THE IMPACT OF CEO PAST PROFESSIONAL EXPERIENCE AND SOCIAL CAPITAL ON CORPORATE POLICIES AND FIRM PERFORMANCE.
Creator: Faulkner, Matthew, Garcia-Feijoo, Luis, Florida Atlantic University, College of Business, Department of Finance
Abstract/Description: Increasing evidence suggests the personal traits of chief executive officers (CEOs) can influence corporate policies. We examine how one dimension, past professional experiences, can affect corporate payout policy. Exploiting exogenous CEO turnovers and future employment, we hypothesize that CEOs experiencing a distress event in their past career alter the corporate payout policy at their subsequent firm of employment. We discover that CEOs having experienced prior professional career...
Show moreIncreasing evidence suggests the personal traits of chief executive officers (CEOs) can influence corporate policies. We examine how one dimension, past professional experiences, can affect corporate payout policy. Exploiting exogenous CEO turnovers and future employment, we hypothesize that CEOs experiencing a distress event in their past career alter the corporate payout policy at their subsequent firm of employment. We discover that CEOs having experienced prior professional career distress are less likely to pay dividends and use repurchases and pay out lower levels for each type of payout. Additionally, when CEOs with distress do have a payout policy greater than zero dollars, there exists a preference toward the use of repurchases in the payout policy, adding to the literature of substitution and differences between the two forms of payout. We find that dividend smoothing is reduced by CEOs that have past professional distress.
Show less
Date Issued: 2019
PURL: http://purl.flvc.org/fau/fd/FA00013305
Subject Headings: Chief executive officers, Social capital (Sociology), Experience, Dividends, Payouts
Format: Document (PDF)

Title: Strategic information disclosure when there is fundamental disagreement: an empirical investigation.
Creator: Volkov, Nikanor, Agapova, Anna, Florida Atlantic University, College of Business, Department of Finance
Abstract/Description: I empirically investigate the managements’ decision to voluntarily disclose strategic information. While carrying a benefit of reduced information asymmetry, strategic information disclosure carries a cost of investors disagreeing with managements’ strategy and thus refusing to provide funding to the firm. Using a hand- collected sample of information releases, I identify firm characteristics that affect the likelihood of strategic information disclosure.
Date Issued: 2015
PURL: http://purl.flvc.org/fau/fd/FA00004473, http://purl.flvc.org/fau/fd/FA00004473
Subject Headings: Corporate governance, Corporations -- Auditing, Disclosure of information, Management information systems, Social responsibility of business, Strategic planning
Format: Document (PDF)

Title: THE CAPITAL ASSET PRICING MODEL.
Creator: Ayala, Mary D., Florida Atlantic University, Stronge, William B., College of Business, Department of Economics
Abstract/Description: This thesis reviews the majot' literature associated with the Capital Asset Pricing Model with emphasis on related controversial issues. The model's underlying theories, developed by Harry Markowitz and James Tobin, are presented first. This is followed by themathematicalderivation, developed by William Sharpe. Special attention is given to the controversial assumptions imposea by Markowitz and Tobin, which emerge in the CAPM. Major tests of the CAPM are reviewed next: and the empirical...
Show moreThis thesis reviews the majot' literature associated with the Capital Asset Pricing Model with emphasis on related controversial issues. The model's underlying theories, developed by Harry Markowitz and James Tobin, are presented first. This is followed by themathematicalderivation, developed by William Sharpe. Special attention is given to the controversial assumptions imposea by Markowitz and Tobin, which emerge in the CAPM. Major tests of the CAPM are reviewed next: and the empirical problems associated with test design are highlighted. It is shown that variations in test design produce controversial test results. The specific tests reviewed here fail to provide strong support for the nodel; nevertheless it becomes evident that such tests fostered a vast outpouring of new and extended models. The CAPM remains a breakthrough in financial and economic literature which deserves to be explored even more intensely in the future.
Show less
Date Issued: 1981
PURL: http://purl.flvc.org/fcla/dt/14067
Subject Headings: Capital assets pricing model
Format: Document (PDF)

Title: Bayesian econometrics: Analysis and illustrations.
Creator: Giakoumatos, Gerasimos S., Florida Atlantic University, Stronge, William B., College of Business, Department of Economics
Abstract/Description: This thesis presents the theory and an application of Bayesian econometrics. The classical theory of econometrics is also presented for a comparison study. In the Bayesian case the theory of the prior information, which is the distinguishing characteristic of the Bayesian approach, is presented by considering the cases of informative and non-informative priors. The classical and Bayesian approach represent the two fundamental, although opposite in the concept of probability, schools of...
Show moreThis thesis presents the theory and an application of Bayesian econometrics. The classical theory of econometrics is also presented for a comparison study. In the Bayesian case the theory of the prior information, which is the distinguishing characteristic of the Bayesian approach, is presented by considering the cases of informative and non-informative priors. The classical and Bayesian approach represent the two fundamental, although opposite in the concept of probability, schools of thought in statistics and econometrics. An application to the estimation of standard macroeconomic equations is also included where both classical and Bayesian techniques are employed.
Show less
Date Issued: 1988
PURL: http://purl.flvc.org/fcla/dt/14484
Subject Headings: Bayesian statistical decision theory
Format: Document (PDF)

Title: COST FUNCTIONS FOR FLORIDA HOSPITALS: AN ECONOMETRIC STUDY.
Creator: PIKE, STEVEN WESLEY., Florida Atlantic University, Stronge, William B., College of Business, Department of Economics
Abstract/Description: The theoretical specification of empirical issues associated with statistical cost functions are reviewed. This is followed by a review of the major works in the field of hospital cost function estimation. The final chapter contains an econometric estimation of cost functions for Florida hospitals in 1976. Included are estimations of total and average cost functions specified as functions of output alone. Additional variables are added to the specification of the average cost function...
Show moreThe theoretical specification of empirical issues associated with statistical cost functions are reviewed. This is followed by a review of the major works in the field of hospital cost function estimation. The final chapter contains an econometric estimation of cost functions for Florida hospitals in 1976. Included are estimations of total and average cost functions specified as functions of output alone. Additional variables are added to the specification of the average cost function including: speed of production; product heterogeneity; urbanization; control of the hospital and the interactions of control with speed of production; and product complexity. These variables significantly improve the explanatory power of the function which results in an inverted L-shaped curve.
Show less
Date Issued: 1980
PURL: http://purl.flvc.org/fcla/dt/14012
Subject Headings: Hospitals--Florida--Cost of operation
Format: Document (PDF)

Title: American lookback options: Early exercise.
Creator: Abramov, Viatcheslav Alexander., Florida Atlantic University, Yuhn, Ky-hyang, College of Business, Department of Economics
Abstract/Description: Lookback options are path dependent contingent claims whose payoff depend on the extrema of a given security's price over a given period. Some of these options are already traded on specialized markets (such as foreign exchange) and mostly in over-the-counter market alongside with other path dependent options (knock-ins, knock-outs, etc.). This thesis examines the existing pricing models of conventional options as well as standard European lookback options and provides some results about...
Show moreLookback options are path dependent contingent claims whose payoff depend on the extrema of a given security's price over a given period. Some of these options are already traded on specialized markets (such as foreign exchange) and mostly in over-the-counter market alongside with other path dependent options (knock-ins, knock-outs, etc.). This thesis examines the existing pricing models of conventional options as well as standard European lookback options and provides some results about early exercise of their American counterparts with the use of notions from the theory of optimal stopping.
Show less
Date Issued: 1995
PURL: http://purl.flvc.org/fcla/dt/15177
Subject Headings: Options (Finance), Derivative securities
Format: Document (PDF)

Title: ECONOMIC DETERMINANTS OF URBAN CRIME RATES.
Creator: FRASER, RUSSELL EDWARD., Florida Atlantic University, McPheters, Lee R., College of Business, Department of Economics
Abstract/Description: This study explains variation in urban crime incidence as a function of a number of socio-economic variables, including income, education, and urban blight. Ordinary least squares regression analysis is applied to cross-section data from the 60 largest Standard Metropolitan Statistical Areas, for 19 70. Various extensions of the basic model are presented, using log variables, a lagged endogenous variable, and indices derived from factor analysis of a large matrix of socio-economic variables.
Date Issued: 1972
PURL: http://purl.flvc.org/fcla/dt/13533
Subject Headings: Crime--United States, Criminals--United States
Format: Document (PDF)

Title: AN ECONOMETRIC MODEL OF MARTIN COUNTY, 1959-1970.
Creator: JOCHEM, DAGNEY SERVIN., Florida Atlantic University, Stronge, William B., College of Business, Department of Economics
Abstract/Description: This Thesis examines the components of the economic base of Martin County. A model is then constructed to reflect the nature of the county's economic base. Stability and multiplier analysis are applied to the model, followed by short run forecasts under various assumptions.
Date Issued: 1973
PURL: http://purl.flvc.org/fcla/dt/13563
Subject Headings: Martin County (Fla)--Economic conditions--Mathematical models
Format: Document (PDF)

Title: AN ECONOMETRIC MODEL OF FLORIDA'S GOLD COAST.
Creator: BUCCA, JANE KIRKER., Florida Atlantic University, Stronge, William B., College of Business, Department of Economics
Abstract/Description: This thesis deals with regional econometric models. The first chapter discusses static economic modeling. Chapter Two deals with models of substate regional economics. The third chapter presents an econometric model of Florida's Gold Coast including dynamic analysis of short and long run adjustment.
Date Issued: 1981
PURL: http://purl.flvc.org/fcla/dt/14049
Subject Headings: Economics--Florida--Mathematical models, Florida--Economic conditions--Mathematical models
Format: Document (PDF)

Title: AN ECONOMETRIC MODEL OF PALM BEACH COUNTY, FLORIDA.
Creator: HILTON, JOHN DAVID., Florida Atlantic University, Stronge, William B., College of Business, Department of Economics
Abstract/Description: The purpose of this thesis is to estimate an econometric model of Palm Beach County, Florida. An econometric model was chosen as the appropriate method for study as the said county is characteristic of a service based final demand economy. An underlying objective was to utilize data on income and employment variables available on a consistent bases from a Regional Economic Information System Data computer tape provided by the u.s. Department of Commerce 1983. These data distinguished among 11...
Show moreThe purpose of this thesis is to estimate an econometric model of Palm Beach County, Florida. An econometric model was chosen as the appropriate method for study as the said county is characteristic of a service based final demand economy. An underlying objective was to utilize data on income and employment variables available on a consistent bases from a Regional Economic Information System Data computer tape provided by the u.s. Department of Commerce 1983. These data distinguished among 11 industries and referred to the years 1967-1983. In conclusion the model shows that ordinary least squares estimation results were generally significant in the signas and goodness of fit. However evidence of positive serial correlation of the disturbances was detected and the results did not change substantially after applying the Cocran-Orcutt procedure.
Show less
Date Issued: 1984
PURL: http://purl.flvc.org/fcla/dt/14197
Subject Headings: Palm Beach County (Fla)--Economic conditions--Mathematical models
Format: Document (PDF)

Title: THE EFFICIENT MARKETS HYPOTHESIS AS IT APPLIES TO SECURITIES.
Creator: MCCARTHY, JOSEPH MICHAEL., Florida Atlantic University, Stronge, William B., College of Business, Department of Economics
Abstract/Description: This thesis deals with the efficient markets hypothesis as it applies to the securities market. The first chapter provides the various forms of the EMH and its theoretical basis. Chapter two analyzes the weak form of the EMH and the major empirical contributions concerning it. Chapter three presents the strong forms of the EMH. It is concluded on the basis of a substantial and consistent body of analysis that efficient is an accurate description of the securities market.
Date Issued: 1980
PURL: http://purl.flvc.org/fcla/dt/14035
Subject Headings: Investment analysis
Format: Document (PDF)

Title: Economic transition, the case of China.
Creator: Lin, Min., Florida Atlantic University, Stronge, William B., College of Business, Department of Economics
Abstract/Description: This thesis is a study of China's economic transition from the traditional Soviet type socialist command economy which existed before 1978 to a market economy which China wants to achieve. Historical comparisons are applied to see the difference between early economic development and present reform efforts in China. The problems that China has encountered during the transition period also are presented and analysis are given.
Date Issued: 1995
PURL: http://purl.flvc.org/fcla/dt/15172
Subject Headings: China--Economic policy--1976-, Capitalism--China, China--Economic conditions
Format: Document (PDF)

Title: Econometric models of individual house prices.
Creator: Schuler, Frederick Gerard., Florida Atlantic University, Stronge, William B., College of Business, Department of Economics
Abstract/Description: This thesis takes a theoretical and analytical look at the implicit prices of housing characteristics in a South Florida submarket. Chapter II analyzes some of the vast body of previous studies that employ Econometric Techniques. Chapter III presents the information revealed by an examination of South Florida data. Several different models are tested and compared. Locational differences between properties are measured and accounted for. Increasing and diminishing returns of certain house...
Show moreThis thesis takes a theoretical and analytical look at the implicit prices of housing characteristics in a South Florida submarket. Chapter II analyzes some of the vast body of previous studies that employ Econometric Techniques. Chapter III presents the information revealed by an examination of South Florida data. Several different models are tested and compared. Locational differences between properties are measured and accounted for. Increasing and diminishing returns of certain house characteristics are considered. Chapter IV uses econometric models to analyze tax assessment bias and to test the efficiency of the housing market. Chapter V is a summary of the conclusions and recommendations generated by this analysis.
Show less
Date Issued: 1989
PURL: http://purl.flvc.org/fcla/dt/14522
Subject Headings: House buying--Florida, Real property--Florida--Econometric models
Format: Document (PDF)

Title: EXAMINATION OF PORTFOLIO PERFORMANCE USING DIFFERENT TRADING RULES.
Creator: HENNIGS, GABRIEL PEREZ., Florida Atlantic University, Redman, Milton, College of Business, Department of Economics
Abstract/Description: This thesis uses a fundamentalist approach to portfolio selection similar to that proposed by Benjamin Graham. The purpose is to examine the existence of undervalued securities and to test a methodology designed to identify those that could be considered superior investments. The model designed to select, combine and evaluate performance on risk adjusted basis takes into consideration fundamental principles of modern portfolio theory. Specifically, this analysis evaluates the informational...
Show moreThis thesis uses a fundamentalist approach to portfolio selection similar to that proposed by Benjamin Graham. The purpose is to examine the existence of undervalued securities and to test a methodology designed to identify those that could be considered superior investments. The model designed to select, combine and evaluate performance on risk adjusted basis takes into consideration fundamental principles of modern portfolio theory. Specifically, this analysis evaluates the informational contribution of price earnings ratios, earnings growth and dividend payments. The hypothesis tested is that undervalued securities selected under the conditions here proposed can produce performance results consistently superior than those of a strategy based on passively holding a market portfolio.
Show less
Date Issued: 1984
PURL: http://purl.flvc.org/fcla/dt/14228
Subject Headings: Portfolio management, Investment analysis
Format: Document (PDF)

FAU Theses and Dissertations (436)	+ -
FAU College Collections (45)	+ -
FAU Undergraduate Student Research (6)	+ -

Florida Atlantic University -- History (42)	+ -
Investment analysis (16)	+ -
Corporate governance (13)	+ -
Consolidation and merger of corporations (12)	+ -
Consumer behavior (11)	+ -

Stocks--Prices (11)	+ -
Associations, institutions, etc (10)	+ -
Industrial management (10)	+ -
Portfolio management (10)	+ -
Corporations (9)	+ -
Financial statements (9)	+ -
Business Administration, General (8)	+ -
Entrepreneurship (8)	+ -
Strategic planning (8)	+ -
Management (7)	+ -
Accounting (6)	+ -
College students --Research --United States. (6)	+ -
Finance (6)	+ -
Financial services industry (6)	+ -
International business enterprises (6)	+ -
Internet marketing (6)	+ -
Organizational behavior (6)	+ -
Organizational effectiveness (6)	+ -
Chief executive officers (5)	+ -
Consumption (Economics) (5)	+ -
Corporations--Finance (5)	+ -
Decision making (5)	+ -
Disclosure in accounting (5)	+ -
Economic aspects (5)	+ -
Investments (5)	+ -

United States (9)	+ -
Caribbean Area (1)	+ -
Latin America (1)	+ -

Electronic Thesis or Dissertation (436)	+ -
Program Review (42)	+ -
poster (6)	+ -
article (2)	+ -
report (1)	+ -

Search In

Pages

Pages

Sort Results By:

Narrow results by:

Collection

Topical Subject

Geographic Subject

Temporal Subject

Title as Subject

Genre

Type of Resource

Language

Creator

Format

Owner