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41 Resources for

hypothesis

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Stock Options and Reserve Errors: Stock options create an incentive for managers of companies to maximize the value of their company's stock. The current study tests whether the awarding of stock options to insurance company executives is associated with the accuracy of reserve estimates. We test two competing hypotheses. The first hypothesis is that the...; Tags: Stock options, Investment, Benefits, Financial accounting, stock option, hypothesis, insurance company, stock, incentive, insurance; White papers
Group Affiliation And The Performance Of Initial Public Offerings In The Indian Stock Market: The effects of group affiliation on the initial performance of the 2,713 Initial Public Offerings IPOs in India under three regulatory regimes during the period 1990-2004 are documented. This paper distinguishes between two competing hypotheses regarding group affiliation and a firm's initial stock market performance: the certification hypothesis and the...; Tags: Investment, Financial Planning, Monash University, affiliation, hypothesis, stock market, IPO, performance, stock; White papers 2006-11-09
Valuation Uncertainty, Overreaction, And IPO Underpricing: Internet related firms experienced an extremely high degree of underpricing in the year 1999 and 2000. Two explanations for this phenomenon are examined, the changing-risk composition hypothesis and the overreaction hypothesis. Empirical tests are conducted in three stages: first trading day, short-run, and long-run performances. The results suggest that the...; Tags: Investment, hypothesis, valuation, IPO, Internet, performance; White papers 2006-09-28
Productivity, Exporting And The Learning-By-Exporting Hypothesis: Direct Evidence From UK Firms: Case study evidence suggests that exporting firms learn from their clients. But econometric evidence, mostly using exporting and TFP growth, is mixed. We use a UK panel data set with firm-level information on exporting and productivity. Our innovation is that we also have direct data on the sources of learning...; Tags: hypothesis, U.K.; White papers 2006-05-01
The Special Credit Guarantee Program in Japan: This paper examines the effect of the special credit guarantee program introduced by the Japanese government between 1998 and 2001. To alleviate the credit crunch faced by small businesses, the program provided 30 trillion yen of loan guarantees which was more than 10% of total small business loans outstanding. The...; Tags: hypothesis, small business; White papers 2005-09-08

Exports, Foreign Direct Investment, And Productivity: Evidence From German Firm Level Data: This paper presents the first empirical test with German establishment level data of a hypothesis derived by Helpman, Melitz and Yeaple in a model that explains the decision of heterogeneous firms to serve foreign markets either trough exports or foreign direct investment: only the more productive firms choose to serve...; Tags: Foreign direct investment (FDI), Currency & Foreign exchange, Investment, foreign direct investment, hypothesis; White papers 2005-03-10
Digital Music Distribution and the Market Needs: An Investigation of the Digital Music Distribution and the Unsatisfied Demands on the Present Market: This paper describes the digital music distribution and the market needs for related products and services. Five hypothesis regarding critical issues for the future downloading industry are stated. It continues with an extensive market research throughout the value chain from record labels to the end consumer, where advantages and disadvantages...; Tags: Digital media, hypothesis, digital music, market research, value chain, industry; White papers 2005-01-25
Local Financial Development and the Aid-Growth Relationship: This white paper investigates a new hypothesis regarding this relationship: those deeper financial markets in aid-recipient countries facilitate the management of aid flows, thereby enhancing aid effectiveness. The paper further reveals that an empirical analysis, using a panel data set, finds robust support for the hypothesis. An increasing number of...; Tags: Financial accounting, IMF, hypothesis, financial market, analysis, financial; White papers 2004-12-01
Fair Pricing: This paper suggests that consumers see a firm as fair if they cannot reject the hypothesis that the firm is somewhat benevolent towards them. Consumers that can reject this hypothesis become angry, which is costly to the firm. The paper show that firms that wish to avoid this anger will...; Tags: Pricing, Harvard University, hypothesis, pricing strategy; White papers 2004-11-03
Method of Export Strategy Formulation for Manufacturing or Trading Company: The objective of the paper is to present one method that solves the problem of election of a suitable export strategy using method of multi criteria evaluation. The initial hypothesis assumes limited financial and personal resources of a company generating necessity of incremental penetration to export markets with dependence on...; Tags: formulation, strategy, manufacturing, financial; White papers 2004-10-14
The Adaptive Markets Hypothesis: Market Efficiency From An Evolutionary Perspective: One of the most influential ideas in the past few years of the Journal of Portfolio Management is the Efficient Markets Hypothesis, the idea that market prices incorporate all information rationally and instantaneously. However, the emerging discipline of behavioral economics and finance has challenged this hypothesis, arguing that markets are...; Tags: Financial accounting, Massachusetts Institute of Technology, hypothesis, financial, finance; White papers 2004-08-15
The Agency Structure of Loan Syndicates: The aim of this paper is to analyze the agency structure of loan syndicates in light of two alternative hypotheses. This alternative explanations induce different correlations between the agency structure of the syndicate (measured by the number and the financial participation of co-agents) and observable characteristics of the syndicated loan...; Tags: Advertising & Promotion, hypothesis, agency, competitive advantage, monitoring, financial, agreement, database; White papers 2004-06-22
The Rational Locator Reexamined: Are Travel Times Still Stable?: This paper concentrates on the rational locator hypothesis, which posits that individuals can maintain approximately steady journey-to-work travel times by adjusting their home and workplace. This hypothesis was coupled with the observation of long-term stability in drive alone journey-to-work times in metropolitan Washington (those times were unchanged from 1957 through...; Tags: University of Minnesota, hypothesis, workplace; White papers 2004-04-06
International Market Integration for Natural Gas? A Cointergration Analysis of Prices in Europe, North America, and Japan: This paper examines the degree of natural gas market integration in Europe, North America and Japan, between the mid 1990's and 2002. The hypothesis is that there was a certain split of prices between Europe and North America. The relationship between the international gas marker prices and their relation to...; Tags: Massachusetts Institute of Technology, North America, natural gas, Europe, Japan, integration, analysis; White papers 2004-01-23
More Reliable Oximetry Reduces the Frequency of Arterial Blood Gas Analyses and Hastens Oxygen Weaning After Cardiac Surgery: While pulse oximetry is an accepted standard of care, among the complaints against pulse oximetry, high failure rates in monitoring the seriously ill and high frequency of false alarms predominate. These researchers tested Masimo SET, a new, "innovative" technology claiming to have remedied the problems long associated with pulse oximetry,...; Tags: Masimo, hypothesis, patient, monitoring; White papers 2004-01-05
Whole-Body Dynamic Behavior and Control of Human-Like Robots: With the increasing complexity of humanoid mechanisms and their desired capabilities, there is a pressing need for a generalized framework where a desired whole-body motion behavior can be easily specified and controlled. The hypothesis is that human motion results from simultaneously performing multiple objectives in a hierarchical manner, and we...; Tags: formulation, robot; White papers 2003-12-19
The Price Is (Almost) Right: Most previous research tests market efficiency and asset pricing models using average abnormal trading profits on dynamic trading strategies, and typically rejects the joint hypothesis. This article measures the ability of a simple risk model and the efficient-market hypothesis to explain the level of stock prices. First, it finds that...; Tags: Asset management, Financial accounting, Investment, National Bureau of Economic Research, hypothesis, asset pricing, earnings, stock price, asset, stock, strategy; White papers 2003-12-01
Shareholder Rights and CEO Compensation: The paper analyzes the empirical relationship between shareholder rights and the compensation contracts of executives. Two opposite hypotheses of this relationship have been discussed in the literature: the incentive substitution hypothesis and the managerial entrenchment hypothesis. In the former, shareholders' ability to remove managers provides implicit incentives to managers. Weak...; Tags: Benefits, Financial accounting, University of Pennsylvania, compensation, hypothesis, shareholder, incentive, equity; White papers 2003-11-01
The Efficient Market Hypothesis And Identification In Structural VARs: Structural vector auto regression SVAR models are commonly used to investigate the effect of structural shocks on economic variables. The identifying restrictions imposed in many of these exercises have been criticized in the literature. This paper extends this literature by showing that if the SVAR includes one or more variables...; Tags: Federal Reserve Bank of St. Louis, hypothesis, analysis; White papers 2003-10-01
Rental Expectations and the Term Structure of Lease Rates: This paper analyzes the relationship between rental expectations and the term structure of lease rates. An important question is whether the term structure contains information regarding expectations of future rents. That is, can an expectations hypothesis similar to that of interest rates to hold be expected? In a rigorous form...; Tags: interest rate; White papers 2003-10-01