The Comprehensive Optimal Business Location Model
By Mitchel Gorecki In order to ensure long run viability, a firm must understand the idea of optimal business location. In the designing of a strategy, it is important to not only evaluate the present market environment but to also account for possible future change. This paper will demonstrate the core ideas behind a comprehensive […]
Book-building versus Auctions: An investigation into which IPO pricing and selling method more effectively promotes the aims of an IPO issuer
by Amrith Krushnakumaar Abstract In recent years, book-building has emerged as a method of choice among investment banks in the U.S and around the world for pricing and selling initial public offerings (IPOs). Proponents of the book-building method argue that discriminatory share allocations, the pooling of IPOs and other standard book-building practices price new shares […]
Multi-Variable Regression Analysis For the Prediction of Equity Returns Over 10 Year Periods
by Arjun Singh Jaswal Abstract The use of 5 variables is examined in order to forecast ex ante the total return from holding equities over 10 year periods. The 5 variables are a moving average of Campbell and Shiller’s P/E ratio, Robert B. Barsky and J. Bradford De Long’s log price predictor, a function of […]
Assessing the Performance of Actively Managed Global Funds
by Luyuan Fan Abstract It has been widely debated whether managed funds outperform their index counterparts. Many scholars have carried out empirical testing for U.S. managed funds, but few have examined global funds. This study compares the total returns and risk-adjusted returns for 29 largest global funds with that of a basket of Vanguard indexes […]
The Value of Unsolicited Buy Recommendations to Investors: Can Investors Trade Profitably Based on E-mail Spam?
by Angela Nicole Aldrich Abstract This paper explores the possibility of trading profitably based on information contained in email spam messages advertising certain stock trades. Through careful analysis of a basket of sixteen stocks that were recommended to my advisor and myself via unsolicited email spam, I conclude that the most effective way for investors […]
Could the Kaminsky-Reinhart Model Have Predicted the 2002 Uruguayan Currency and Banking Crises?
by Steven R. Vickers Abstract Because currency and banking crises cause substantial and prolonged disruptions to an economy, economists have long sought ways to predict these events in advance. One recent theory advanced is the “leading indicators” approach of Kaminsky (1998) and Kaminsky and Reinhart (1999). Kaminsky (1998) presents four separate composite indicators, and Kaminsky […]
