Research ArticleOpen accessPhrase in the titleImpact of Information Asymmetry on Municipal Bond Yields: An Empirical AnalysisKenneth Daniels, Demissew Diro EjaraProblem statement: There is a significant difference between the interest rates on the GO and the RV municipal bonds. We sought explanation for this difference in differences in information asymmetry between the two types of municipal bonds. GO bonds finance general municipality expenditures and repayment is from general tax revenues. RV bonds finance special projects and repayment is from cash … …American Journal of Economics and Business Administration, Vol. 1, Issue 1 · 31 Mar 2009 · 8,033 accessesView PDFCite
Research ArticleOpen accessIn the keywordsOpportunistic Behavior as Behavior ManipulationsElena Yakovleva, Natalia Grigoryeva, Olga GrigoryevaThe study of opportunistic behavior in relation with manipulation techniques is important because it directly affects the efficiency of agent's relationship. We identified two forms of opportunistic behavior that depend on the subject composition of the contractual relationship. In the article we attempt to identify significant techniques of manipulation of information. It is important to understand real nature of opportunism … …American Journal of Applied Sciences, Vol. 13, Issue 9 · 27 Sep 2016 · 7,995 accessesView PDFCite
Review ArticleOpen accessIn the keywordsThe Dependence of Opportunistic Behavior from Economic GrowthNatalia Grigoryeva, Olga GrigoryevaThe study of opportunistic behavior is important because it directly affects the efficiency of economic systems. We conducted qualitative and correlation analysis. The dependence between the manifestations of opportunistic behavior and economic growth was proved. In the article we attempt to identify significant correlation between the rate of economic growth and opportunistic behavior. The study proved the high importance, because … …American Journal of Applied Sciences, Vol. 12, Issue 3 · 26 May 2015 · 7,038 accessesView PDFCite
Research ArticleOpen accessIn the abstractReversal of Attitude: The Influence of Counter-Attitudinal InformationPauline Dibbets, Laura Adolphs, Ingeborg Close et al.Problem statement: Research has shown that both positive and negative information can alter a neutral attitude towards an unknown person, with negative information having, in general, a larger impact. Though this positive-negative asymmetry has received considerable attention, it has, to our knowledge, not been tested in more current and powerful social media, such as youtube. Although attitudes are not fixed, … …Journal of Social Sciences, Vol. 8, Issue 3 · 12 Jun 2012 · 9,017 accessesView PDFCite
Research ArticleOpen accessIn the abstractAre There Smaller Leverage Effects in Less-Developed Markets? Evidence from an Oil Exporting CountryMosayeb Phalavani, Parinaz EzzatiProblem statement: This study uses daily data from the Tehran Stock Market (TSM) to illustrate the nature of stock market volatility in an undeveloped and young stock market. Although most studies suggest that a negative shock to stock prices will generate more volatility than a positive shock of equal magnitude but there is no evidence of asymmetric effect in TSM. … …American Journal of Applied Sciences, Vol. 7, Issue 1 · 31 Jan 2010 · 7,519 accessesView PDFCite
Research ArticleOpen accessIn the abstractA Theory of the Risks of Venture Capital FinancingEdmund H. MantellProblem statement: There is no general theory analyzing how the time-varying cash flows of venture capitalist financing affect the likelihood of success of a new venture. This research addressed that lacuna in the literature. Approach: Research in the area of venture capital financing was needed because of the importance of new ventures as germinators of technological innovation. The research in … …American Journal of Economics and Business Administration, Vol. 1, Issue 2 · 30 Jun 2009 · 7,760 accessesView PDFCite
Research ArticleOpen accessIn the abstractModelling and Forecasting Volatility of Returns on the Ghana Stock Exchange Using Garch ModelsFrimpong Joseph Magnus, Oteng-Abayie Eric FosuThis paper models and forecasts volatility (conditional variance) on the Ghana Stock Exchange using a random walk (RW), GARCH(1,1), EGARCH(1,1), and TGARCH(1,1) models. The unique ‘three days a week’ Databank Stock Index (DSI) was used to study the dynamics of the Ghana stock market volatility over a 10-year period. The competing volatility models were estimated and their specification and forecast … …American Journal of Applied Sciences, Vol. 3, Issue 10 · 31 Oct 2006 · 7,551 accessesView PDFCite