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A Weak-Form Efficient Markets Test of the Dallas-Fort Worth Office Properties Real Estate Market

Description: Few areas of research in the finance literature have received greater attention than the efficient market hypothesis. Much of the research has been directed toward the securities market while very little research has been done in the real estate markets. The existing research on real estate market efficiency has been either descriptive or illustrative with very little empirical testing being performed. The major reason for the lack of empirical testing has been the inability to develop an adequ… more
Date: May 1987
Creator: McIntosh, Willard
Item Type: Refine your search to only Thesis or Dissertation
Partner: UNT Libraries
open access

A Test of Catastrophe Theory Applied to Corporate Failure

Description: Catastrophe theory (CT) is a relatively new mathematical theory that comprehensively describes a system exhibiting discontinuous behavior when subjected to continuous stimuli. This study tests the theory using capital-market data. The data is a time series of stock returns on firms that filed for Chapter 11 reorganization during 1980-1985. The CT model used is based on a corporate failure model suggested by Francis, Hastings and Fabozzi (1983). The model predicts 1) as the filing date approache… more
Date: August 1987
Creator: Gregory-Allen, Russell B. (Russell Brian)
Item Type: Refine your search to only Thesis or Dissertation
Partner: UNT Libraries
open access

Texas Energy Banks: Problems and Prospects

Description: The forces that shaped banking practices in the late 1970s and which fostered attempts by the banks to rapidly expand their markets are examined. Why, and to what extent, the Texas energy banks committed themselves to the oil industry in those years, as well as the effects of the oil industry's four-and-one-half year decline on the banks' financial strength is detailed. How banks structured loans to various energy borrowers and why these borrowers lost their ability to service their debts is … more
Date: August 1987
Creator: Seley, Joan Bonness
Item Type: Refine your search to only Thesis or Dissertation
Partner: UNT Libraries
open access

A Comparison of Money Demand in Four Industrialized Countries Using Seemingly Unrelated Regressions

Description: In this study, the possibility that money demand of one country might be affected by macroeconomic activities of other countries is investigated. We use the seemingly unrelated regression (SUR) technique, which takes into account all covariances between residuals of country-specific money demand equations. Efficiency of estimates using the SUR technique is enhanced because it uses information contained in the contemporaneous correlation of the error terms. The hypothesis of economic interdepend… more
Date: August 1987
Creator: Dheeriya, P. L. (Prakash Lachmandas)
Item Type: Refine your search to only Thesis or Dissertation
Partner: UNT Libraries
open access

Intra-Industry Effects of the Ten Largest United States Bank Failures: Evidence from the Capital Markets

Description: This study examines the differential effect of each of the ten largest bank failures on shareholders' wealth of non-failed banks over the period from 1973 through 1984. It examines how contagion and information effects of major bank failures have changed over time. FDIC policy for settling failures has important implications for system stability, and has changed over time. This study's purpose is to provide empirical evidence on the effects of FDIC policy. The FDIC's handling of the Penn Square… more
Date: December 1987
Creator: Choi, In Suk
Item Type: Refine your search to only Thesis or Dissertation
Partner: UNT Libraries
open access

A Test of Allocational Market Efficiency in Takeovers Using Tobin's q Theory of Investment

Description: The primary purpose of the study was to investigate whether takeover markets are allocationally efficient using Tobin's q as the variable which summarizes the investment opportunities of firms. Chapter I presented the purposes, hypotheses, methodology, and limitations of the study. The two hypotheses proposed were as follows: Acquiring firms' q should be significantly higher than that of control firms, on average, and target firms' q should be significantly lower than that of control firms, on … more
Date: May 1987
Creator: Kim, Keeho
Item Type: Refine your search to only Thesis or Dissertation
Partner: UNT Libraries
open access

Volume and Performance of Convertible Preferred Stocks Used in Mergers: 1968-1984

Description: This study provides information about convertible preferreds generally and, in particular, those used in financing mergers during the period 1968-1984. Specifically, the following topics are examined: (1) traditional corporate motives for the use of convertible preferreds as a financing means in mergers and acquisitions, (2) annual data about convertible preferreds' issuance by volume and purpose for the period 1968-1984, (3) average annual returns of merger-related convertible preferreds and a… more
Date: May 1987
Creator: Nijim, Monther M.
Item Type: Refine your search to only Thesis or Dissertation
Partner: UNT Libraries
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