UNT Libraries - 2 Matching Results

Search Results

Results: 1 - 2
open access

An Empirical Investigation of Portfolios with Little Idiosyncratic Risk

Description: The objective of this study is to answer the following research question: How large is a diversified portfolio? Although previous work is abundant, very little progress has been made in answering this question since the seminal work of Evans and Archer (1968). This study proposes two approaches to address the research question. The first approach is to measure the rate of risk reduction as diversification increases. For the first approach, I identify two kinds of risks: (1) risk that portfolio … more
Date: May 2004
Creator: Benjelloun, Hicham
Item Type: Refine your search to only Thesis or Dissertation
open access

Which version of the equity market timing affects capital structure, perceived mispricing or adverse selection?

Description: Baker and Wurgler (2002) define a new theory of capital structure. In this theory capital structure evolves as the cumulative outcome of past attempts to time the equity market. Baker and Wurgler extend market timing theory to long-term capital structure, but their results do not clearly distinguish between the two versions of market timing: perceived mispricing and adverse selection. The main purpose of this dissertation is to empirically identify the relative importance of these two explanati… more
Date: August 2004
Creator: Chazi, Abdelaziz
Item Type: Refine your search to only Thesis or Dissertation
Back to Top of Screen