Concept

Capital market

Related publications (47)

IT Investment and its impacts

This thesis empirically explored the impacts of IT investment on three different scenarios under the common denominator / threads of IT investments. It comprises three different essays on the impacts of IT investments. IT investments and its impact on many ...

EPFL2018

Acquirers and Financial Constraints - Theory and Evidence from Emerging Markets

How does the presence of financial constraints influence which firms become acquirers, and average ownership structures and divestiture rates of acquisitions? To address these questions, we develop a tractable model of M&As in financially underdeveloped ma ...

2018

Three Essays on Predictability and Seasonality in the Cross-Section of Stock Returns

Vincent Jean Bogousslavsky

This thesis examines predictability and seasonality in the cross-section of stock returns. The first chapter, titled ``Infrequent Rebalancing, Return Autocorrelation, and Seasonality,'' shows that a model of infrequent rebalancing can explain specific pred ...

EPFL2017

Credit Supply and the Macroeconomy

Abhik Mukherjee

The policy response to the recent financial crisis has broadly focused on two themes: 1) Increasing the banking sectorsâ resilience to future financial shocks: 2) Improving credit availability to households and firms via lowering both short and long-term ...

EPFL2016

Why Don't All Banks Practice Regulatory Arbitrage? Evidence from Usage of Trust-Preferred Securities

Rüdiger Fahlenbrach

We investigate why only some banks use regulatory arbitrage. We predict that banks wanting to be riskier than allowed by capital regulations (constrained banks) use regulatory arbitrage, while others do not. We find support for this hypothesis using trust- ...

Oxford Univ Press Inc2016

Location choice with longitudinal WiFi data

Michel Bierlaire, Matthieu Marie Cochon de Lapparent, Antonin Danalet, Loïc Tinguely

Location-aware data collection technologies provide new insights about location choices. Only a few dynamic models of location choice exist in scientific literature. To our knowledge, none of them correct for serial correlation. In this paper, we model cho ...

University of Leeds2016

Multi-Period Portfolio Optimization: Translation of Autocorrelation Risk to Excess Variance

Napat Rujeerapaiboon, Byung-Geun Choi

Growth-optimal portfolios are guaranteed to accumulate higher wealth than any other investment strategy in the long run. However, they tend to be risky in the short term. For serially uncorrelated markets, similar portfolios with more robust guarantees hav ...

2016

The Impact of Sharing Markets on Product Durability

Thomas Alois Weber, Maryam Razeghian Jahromi

This paper studies the effects of sharing markets on the prices for new products and on product design in terms of durability. In a dynamic economy with overlapping generations, consumers take strategic purchasing decisions, anticipated by a durable-goods ...

2016

Location choice with longitudinal WiFi data

Michel Bierlaire, Matthieu Marie Cochon de Lapparent, Antonin Danalet, Loïc Tinguely

While moving from diary survey to location-aware technologies, recent data collection techniques provide new insights about location choices. Only few dynamic models of location choice exist in the literature, and none of them to our knowledge correct for ...

Transport and Mobility Laboratory, ENAC, EPFL2015

Destination choice with longitudinal data

Michel Bierlaire, Matthieu Marie Cochon de Lapparent, Antonin Danalet, Loïc Tinguely

Panel data and habits are often observed in travel behavior research, in route choice and car ownership. While moving from diary survey to location-aware technologies, recent data collection techniques provide panel data about location choice. Only few dyn ...

2015

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