Research classified by Journal of Economic Literature (JEL) codes

2003

• Luca Casolaro & Dario Focarelli & Alberto F. Pozzolo, 2003, "The pricing effect of certification on bank loans: evidence from the syndicated credit market," Proceedings, Federal Reserve Bank of Chicago, number 864.
• Michael J. Fleming, 2003, "Measuring treasury market liquidity," Economic Policy Review, Federal Reserve Bank of New York, issue Sep, pages 83-108.
• Joshua V. Rosenberg, 2003, "Nonparametric pricing of multivariate contingent claims," Staff Reports, Federal Reserve Bank of New York, number 162.
• Matthew J. Clayton & Jay C. Hartzell & Joshua V. Rosenberg, 2003, "The impact of CEO turnover on equity volatility," Staff Reports, Federal Reserve Bank of New York, number 166, May.
• John Y. Campbell & Tuomo Vuolteenaho, 2003, "Bad Beta, Good Beta," Harvard Institute of Economic Research Working Papers, Harvard - Institute of Economic Research, number 2016.
• Owen A. Lamont & Jeremy C. Stein, 2003, "Aggregate Short Interest and Market Valuations," Harvard Institute of Economic Research Working Papers, Harvard - Institute of Economic Research, number 2027.
• Martin D.D. Evans, H. Henry Cao, Richard K. Lyons, 2003, "Inventory Information," Working Papers, Georgetown University, Department of Economics, number gueconwpa~03-03-33, Mar.
• Gunther Capelle-Blancard, 2003, "Marchés dérivés et « trading » de volatilité," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers), HAL, number halshs-00265674.
• Fabrice Hervé, 2003, "La persistance de la performance des fonds de pension individuels britanniques : une étude empirique sur des fonds investis en actions et des fonds obligataires," Post-Print, HAL, number hal-00488374.
• Jean-François Casta, 2003, "La comptabilité en " juste valeur " permet-elle une meilleure représentation de l'entreprise ?," Post-Print, HAL, number halshs-00170460.
• Gunther Capelle-Blancard, 2003, "Marchés dérivés et « trading » de volatilité," Post-Print, HAL, number halshs-00265674.
• Jean-Paul Decamps & Stefano Lovo, 2003, "Market Informational Inefficiency, Risk Aversion and Quantity Grid," Working Papers, HAL, number hal-00592016, Jan.
• Marc Flandreau, 2003, "Crises and Punishment : Moral Hazard and the pre-1914 international financial architecture," Working Papers, HAL, number hal-01065035, Feb.
• Lütje, Torben & Menkhoff, Lukas, 2003, "Risk Management, Rational Herding and Institutional Investors: A Macro View," Hannover Economic Papers (HEP), Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät, number dp-285, Oct.
• Brozynski, Torsten & Menkhoff, Lukas & Schmidt, Ulrich, 2003, "The Use of Momentum, Contrarian and Buy-&-Hold Strategies: Survey Evidence from Fund Managers," Hannover Economic Papers (HEP), Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät, number dp-290, Dec.
• Lidén, Erik R., 2003, "Swedish Stock Recommendations: Information Content or Price Pressure?," Working Papers in Economics, University of Gothenburg, Department of Economics, number 98, May, revised 19 Nov 2004.
• Lidén, Erik R., 2003, "Stock Recommendations in Swedish Printed Media: Leading or Misleading?," Working Papers in Economics, University of Gothenburg, Department of Economics, number 99, May, revised 17 Nov 2004.
• Ericsson, Johan & González, Andrés, 2003, "Is Momentum Due to Data-Snooping?," SSE/EFI Working Paper Series in Economics and Finance, Stockholm School of Economics, number 536, Sep.
• Byström, Hans, 2003, "Estimating Default Probabilities Using Stock Prices: The Swedish Banking Sector During the 1990s Banking Crisis," Working Papers, Lund University, Department of Economics, number 2003:1, Mar.
• Byström, Hans, 2003, "The Market’s View on the Probability of Banking Sector Failure: Cross-Country Comparisons," Working Papers, Lund University, Department of Economics, number 2003:2, Mar.
• Byström, Hans & Kwon, Oh Kang, 2003, "A Simple Continuous Measure of Credit Risk," Working Papers, Lund University, Department of Economics, number 2003:14, Oct, revised 18 Jan 2005.
• Andersson, Magnus & Lomakka, Magnus, 2003, "Evaluating Implied RNDs by some New Confidence Interval Estimation Techniques," Working Paper Series, Sveriges Riksbank (Central Bank of Sweden), number 146, Jan.
• Francis, Jennifer & LaFond, Ryan & Olsson, Per & Schipper, Katherine, 2003, "Accounting Anomalies and Information Uncertainty," SIFR Research Report Series, Institute for Financial Research, number 13, Jun.
• Brännäs, Kurt & Simonsen, Ola, 2003, "Discretized Time and Conditional Duration Modelling for Stock Transaction Data," Umeå Economic Studies, Umeå University, Department of Economics, number 610, May.
• Brännäs, Kurt, 2003, "Temporal Aggregation of the Returns of a Stock Index Series," Umeå Economic Studies, Umeå University, Department of Economics, number 614, Sep.
• Y.L. Cheung & Y.W. Cheung & K.C. Ng, 2003, "East Asian Equity Markets, Financial Crises, and the Japanese Currency," Working Papers, Hong Kong Institute for Monetary Research, number 032003, Feb.
• Biais, Bruno & Bisière, Christophe & Spatt, Chester, 2003, "Imperfect Competition in Financial Markets: ISLAND versus NASDAQ," IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse, number 220, revised Dec 2006.
• Décamps, Jean-Paul & Lovo, Stefano, 2003, "Market Informational Inefficiency, Risk Aversion and Quantity Grid," IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse, number 177.
• Décamps, Jean-Paul & Lovo, Stefano, 2003, "Risk Aversion and Herd Behavior in Financial Markets," IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse, number 246.
• Faure-Grimaud, Antoine & Laffont, Jean-Jacques & Martimort, David, 2003, "Collusion, Delegation and Supervision with Soft Information," IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse, number 167.
• Susana Menéndez & Silvia Gómez-Ansón, 2003, "Stock splits: motivations and valuation effects in the Spanish market," Investigaciones Economicas, Fundación SEPI, volume 27, issue 3, pages 459-490, September.
• J. Carlos Gómez Sala & Jorge Yzaguirre, 2003, "Presión sobre los precios en las revisiones del índice IBEX35," Investigaciones Economicas, Fundación SEPI, volume 27, issue 3, pages 491-531, September.
• Dupont, Dominique Y. & Lee, Gabriel S., 2003, "Effects of Securities Transaction Taxes on Depth and Bid-Ask Spread," Economics Series, Institute for Advanced Studies, number 132, May.
• Gerardo Dubcovsky & Francisco Venegas-Martínez, 2003, "The Kalman Filter In The Event-Study Methodology," Remef - Revista Mexicana de Economía y Finanzas Nueva Época REMEF (The Mexican Journal of Economics and Finance), Instituto Mexicano de Ejecutivos de Finanzas, IMEF, volume 2, issue 1, pages 81-93, Marzo 200.
• Adrián Hernández-del-Valle & Federico Reina Sosa & Héctor Allier Campuzano, 2003, "La Eficiencia En Forma Débil Y El Poder Predictivo De Los Modelos Arma-Garch," Remef - Revista Mexicana de Economía y Finanzas Nueva Época REMEF (The Mexican Journal of Economics and Finance), Instituto Mexicano de Ejecutivos de Finanzas, IMEF, volume 2, issue 2, pages 95-125, Junio 200.
• Alejandra Cabello & Edgar Ortíz, 2003, "Day Of The Week And Month Of The Year Anomalies In The Mexican Stock Market," Remef - Revista Mexicana de Economía y Finanzas Nueva Época REMEF (The Mexican Journal of Economics and Finance), Instituto Mexicano de Ejecutivos de Finanzas, IMEF, volume 2, issue 3, pages 217-241, Septiembr.
• Amit Goyal & Ivo Welch, 2003, "Predicting the Equity Premium with Dividend Ratios," Management Science, INFORMS, volume 49, issue 5, pages 639-654, May, DOI: 10.1287/mnsc.49.5.639.15149.
• Carlos Forner & Joaquín Marhuenda, 2003, "El Efecto Momentum En El Mercado Español De Acciones," Working Papers. Serie EC, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie), number 2003-14, Jul.
• Carl Chiarella & Mauro Gallegati & Roberto Leombruni & Antonio Palestrini, 2003, "Asset Price Dynamics among Heterogeneous Interacting Agents," Computational Economics, Springer;Society for Computational Economics, volume 22, issue 2, pages 213-223, October, DOI: 10.1023/A:1026137931041.
• Armin Shmilovici & Yael Alon-Brimer & Shmuel Hauser, 2003, "Using a Stochastic Complexity Measure to Check the Efficient Market Hypothesis," Computational Economics, Springer;Society for Computational Economics, volume 22, issue 2, pages 273-284, October, DOI: 10.1023/A:1026198216929.
• Robert Neumann & Torben Voetmann, 2003, "Demand Curves for European Stocks Slope Down Too," Review of Finance, Springer, volume 7, issue 3, pages 437-457.
• Kabir, Rezaul & Roosenboom, Peter, 2003, "Can the stock market anticipate future operating performance? Evidence from equity rights issues," Journal of Corporate Finance, Elsevier, volume 9, issue 1, pages 93-113, January.
• Luo, Guo Ying, 2003, "Evolution, efficiency and noise traders in a one-sided auction market," Journal of Financial Markets, Elsevier, volume 6, issue 2, pages 163-197, April.
• Caballe, Jordi & Sakovics, Jozsef, 2003, "Speculating against an overconfident market," Journal of Financial Markets, Elsevier, volume 6, issue 2, pages 199-225, April.
• Massa, Massimo & Simonov, Andrei, 2003, "Reputation and interdealer trading: a microstructure analysis of the Treasury Bond market," Journal of Financial Markets, Elsevier, volume 6, issue 2, pages 99-141, April.
• Dominguez, Kathryn M. E., 2003, "The market microstructure of central bank intervention," Journal of International Economics, Elsevier, volume 59, issue 1, pages 25-45, January.
• Payne, Richard & Vitale, Paolo, 2003, "A transaction level study of the effects of central bank intervention on exchange rates," Journal of International Economics, Elsevier, volume 61, issue 2, pages 331-352, December.
• Brandt, Loren & Li, Hongbin, 2003, "Bank discrimination in transition economies: ideology, information, or incentives?," Journal of Comparative Economics, Elsevier, volume 31, issue 3, pages 387-413, September.
• Westerhoff, Frank H., 2003, "Expectations driven distortions in the foreign exchange market," Journal of Economic Behavior & Organization, Elsevier, volume 51, issue 3, pages 389-412, July.
• Cordella, Tito, 2003, "Can short-term capital controls promote capital inflows?," Journal of International Money and Finance, Elsevier, volume 22, issue 5, pages 737-745, October.
• Hon, Mark T. & Tonks, Ian, 2003, "Momentum in the UK stock market," Journal of Multinational Financial Management, Elsevier, volume 13, issue 1, pages 43-70, February.
• G. Glenn Baigent, 2003, "Competitive Markets and Aggregate Information," Eastern Economic Journal, Eastern Economic Association, volume 29, issue 4, pages 593-606, Fall.
• Kolodyazhny Georgy & Medvedev Alexey, 2003, "Russian stock market: participants and their strategies," EERC Working Paper Series, EERC Research Network, Russia and CIS, number 01-060e, Jul.
• Frank Westerhoff, 2003, "Heterogeneous traders and the Tobin tax," Journal of Evolutionary Economics, Springer, volume 13, issue 1, pages 53-70, February, DOI: 10.1007/s00191-003-0140-5.
• Ralf Schremper, 2003, "Kapitalmarktrelevanz deutscher Aktienrückkaufprogramme," Schmalenbach Journal of Business Research, Springer, volume 55, issue 6, pages 578-605, September, DOI: 10.1007/BF03372716.
• Giulio Bottazzi & Maria Giovanna Devetag, 2003, "Expectations Structure in Asset Pricing Experiments," LEM Papers Series, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy, number 2003/19, Dec.
• Laura Veldkamp, 2003, "Media Frenzies in Markets for Financial Information," Working Papers, New York University, Leonard N. Stern School of Business, Department of Economics, number 03-20.
• Chakrabarty, Debajyoti, 2003, "Growth and Business Cycles with Imperfect Credit Markets," Working Papers, University of Sydney, School of Economics, number 7, Jul.
• Philippe Bacchetta & Eric van Wincoop, 2003, "Can Information Heterogeneity Explain the Exchange Rate Determination Puzzle?," Working Papers, Swiss National Bank, Study Center Gerzensee, number 03.02, Feb.
• Kurt Brannas & Niklas Nordman, 2003, "Conditional skewness modelling for stock returns," Applied Economics Letters, Taylor & Francis Journals, volume 10, issue 11, pages 725-728, DOI: 10.1080/1350485032000139015.
• Kurt Brannas & Niklas Nordman, 2003, "An alternative conditional asymmetry specification for stock returns," Applied Financial Economics, Taylor & Francis Journals, volume 13, issue 7, pages 537-541, DOI: 10.1080/0960310022000020889.
• Jan Bo Jakobsen & Torben Voetmann, 2003, "Post-acquisition performance in the short and long run. Evidence from the Copenhagen Stock Exchange 1993-1997," The European Journal of Finance, Taylor & Francis Journals, volume 9, issue 4, pages 323-342, DOI: 10.1080/1351847031000074475.
• Cars Hommes & Joep Sonnemans & Jan Tuinstra & Henk van de Velden, 2003, "Coordination of Expectations in Asset Pricing Experiments," Tinbergen Institute Discussion Papers, Tinbergen Institute, number 03-010/1, Jan.
• Albert J. Menkveld & Siem Jan Koopman & André Lucas, 2003, "Round-the-Clock Price Discovery for Cross-Listed Stocks: US-Dutch Evidence," Tinbergen Institute Discussion Papers, Tinbergen Institute, number 03-037/2, May, revised 13 Oct 2003.
• Alan B. Krueger & Kenneth N. Fortson, 2003, "Do Markets Respond More to More Reliable Labor Market Data? A Test of Market Rationality," Journal of the European Economic Association, MIT Press, volume 1, issue 4, pages 931-957, June.
• Giulio Bottazzi & Giovanna Devetag, 2003, "Expectations Structure in Asset Pricing Experiments," ROCK Working Papers, Department of Computer and Management Sciences, University of Trento, Italy, number 022, Jan, revised 12 Jun 2008.
• James Dow, 2003, "Informed Trading, Investment, and Welfare," The Journal of Business, University of Chicago Press, volume 76, issue 3, pages 439-454, July, DOI: 10.1086/375254.
• Owen A. Lamont & Richard H. Thaler, 2003, "Can the Market Add and Subtract? Mispricing in Tech Stock Carve-outs," Journal of Political Economy, University of Chicago Press, volume 111, issue 2, pages 227-268, April, DOI: 10.1086/367683.
• Matías Tapia & Andrea Tokman, 2003, "Efectos de las intervenciones en el mercado cambiario: el caso de Chile," Estudios de Economia, University of Chile, Department of Economics, volume 30, issue 1 Year 20, pages 21-53, June.
• Javier DePeña & Luis A. Gil-Alana, 2003, "Serial and cross-correlation in the Spanish Stock Market returns," Faculty Working Papers, School of Economics and Business Administration, University of Navarra, number 02/03, Jan.
• Javier De Peña & Luis A. Gil-Alana, 2003, "Testing of Nonstationary Cycles in Financial Time Series Data," Faculty Working Papers, School of Economics and Business Administration, University of Navarra, number 15/03, Dec.
• Al-Rjoub, Samer & Hassan, M. Kabir & Varela, Oscar Albert, 2003, "January reversal in the US weekend effect," Working Papers, University of New Orleans, Department of Economics and Finance, number 2003-05, Oct.
• He, Wei & Wei, Peihwang P., 2003, "Is overreaction an explanation for the value effect? A study using implied volatility from option prices," Working Papers, University of New Orleans, Department of Economics and Finance, number 2003-11.
• José Mª Corcuera & Peter Imkeller & Arturo Kohatsu & David Nualart, 2003, "Additional utility of insiders with imperfect dynamical information," Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra, number 675, Apr.
• Joachim Grammig & Erik Theissen, 2003, "Estimating the Probability of Informed Trading - Does Trade Misclassification Matter?," University of St. Gallen Department of Economics working paper series 2003, Department of Economics, University of St. Gallen, number 2003-01, Jan.
• Hans Byström & Oh-Kang Kwon, 2003, "A Simple Continuous Measure of Credit Risk," Research Paper Series, Quantitative Finance Research Centre, University of Technology, Sydney, number 111, Oct.
• Hans Byström, 2003, "Estimating Default Probabilities Using Stock Prices: The Swedish Banking Sector During the 1990s Banking Crisis," Research Paper Series, Quantitative Finance Research Centre, University of Technology, Sydney, number 92, Feb.
• Hans Byström, 2003, "The Market's View on the Probability of Banking Sector Failure: Cross-Country Comparisons," Research Paper Series, Quantitative Finance Research Centre, University of Technology, Sydney, number 93, Feb.
• A. Colin Cameron & Anthony D. Hall, 2003, "A Survival Analysis of Australian Equity Mutual Funds," Research Paper Series, Quantitative Finance Research Centre, University of Technology, Sydney, number 94, Jun.
• R. M. Eldridge & Maurice Peat & Max Stevenson, 2003, "The Role of Intra-Day and Inter-Day Data Effects in Determining Linear and Nonlinear Granger Causality Between Australian Futures and Cash Index Markets," Working Paper Series, Finance Discipline Group, UTS Business School, University of Technology, Sydney, number 122, Jan.
• Marcos Álvarez-Díaz & Alberto Álvarez, 2003, "Predicción No-Lineal De Tipos De Cambio: Algoritmos Genéticos, Redes Neuronales Y Fusión De Datos," Working Papers, Universidade de Vigo, Departamento de Economía Aplicada, number 0301, Feb.
• Marcos Álvarez-Díaz & Lucy Amigo Dobaño, 2003, "Métodos No-Lineales De Predicción En El Mercado De Valores Tecnológicos En España. Una Verificación De La Hipótesis Débil De Eficiencia," Working Papers, Universidade de Vigo, Departamento de Economía Aplicada, number 0303, Mar.
• Lucy Amigo Dobaño & Francisco Rodríguez de Prado, 2003, "Alteraciones en el comportamiento bursátil de las acciones de empresas tecnológicas inducidas por el vencimiento de derivados," Working Papers, Universidade de Vigo, Departamento de Economía Aplicada, number 0308, Jun.
• Raquel Arévalo Tomé & José María Chamorro Rivas, 2003, "A Quality Index for Spanish Housing," Working Papers, Universidade de Vigo, Departamento de Economía Aplicada, number 0309, Oct.
• Steven Block & Burkhard N. Schrage & Paul M. Vaaler, 2003, "Democratization???s Risk Premium: Partisan and Opportunistic Political Business Cycle Effects on Sovereign Ratings in Developing Countries," William Davidson Institute Working Papers Series, William Davidson Institute at the University of Michigan, number 546, Feb.
• Steven A. Block & Burkhard N. Schrage & Paul M. Vaaler, 2003, "DEMOCRACY???S SPREAD: Elections and Sovereign Debt in Developing Countries," William Davidson Institute Working Papers Series, William Davidson Institute at the University of Michigan, number 2003-575, May.
• Solomon Tadesse, 2003, "The Allocation and Monitoring Role of Capital Markets: Theory and International Evidence," William Davidson Institute Working Papers Series, William Davidson Institute at the University of Michigan, number wp881, Mar.
• Changyun Wang, 2003, "The behavior and performance of major types of futures traders," Journal of Futures Markets, John Wiley & Sons, Ltd., volume 23, issue 1, pages 1-31, January.
• Ying‐Foon Chow & Haynes H. M. Yung & Hua Zhang, 2003, "Expiration day effects: The case of Hong Kong," Journal of Futures Markets, John Wiley & Sons, Ltd., volume 23, issue 1, pages 67-86, January.
• Peng Sun & Charles Sutcliffe, 2003, "Scheduled announcements and volatility patterns: The effects of monetary policy committee announcements on LIBOR and short sterling futures and options," Journal of Futures Markets, John Wiley & Sons, Ltd., volume 23, issue 8, pages 773-797, August.
• Lamon Rutten, 2003, "New types of non-trade related participation in commodity futures markets," Finance, University Library of Munich, Germany, number 0301004, Jan.
• Thomas Schuster, 2003, "Fifty-Fifty. Stock Recommendations and Stock Prices. Effects and Benefits of Investment Advice in the Business Media," Finance, University Library of Munich, Germany, number 0303002, Mar.
• Abdelhamid El Bouhadi, 2003, "Conditional Volatility Of Most Active Shares Of Casablanca Stock Exchange," Finance, University Library of Munich, Germany, number 0305007, May, revised 02 Feb 2004.
• Thomas Schuster, 2003, "News Events and Price Movements. Price Effects of Economic and Non-Economic Publications in the News Media," Finance, University Library of Munich, Germany, number 0305009, May.
• Ananth Rao, 2003, "Analysis of UAE Bank Stocks," Finance, University Library of Munich, Germany, number 0306001, Jun.
• Thomas Schuster, 2003, "Meta-Communication and Market Dynamics. Reflexive Interactions of Financial Markets and the Mass Media," Finance, University Library of Munich, Germany, number 0307014, Jul.
• Robert A. Korajczyk & Ronnie Sadka, 2003, "Are Momentum Profits Robust to Trading Costs?," Finance, University Library of Munich, Germany, number 0308004, Aug.
• Erdinc Altay, 2003, "Cross-Autocorrelation between Small and Large Cap Portfolios in the German and Turkish Stock Markets," Finance, University Library of Munich, Germany, number 0308005, Aug.
• Gil Mehrez & Daniel Kaufmann, 2003, "Transparency, Liberalization and Financial Crises," Finance, University Library of Munich, Germany, number 0308008, Aug.
• Tara Vishwanath & Daniel Kaufmann, 2003, "Towards Transparency in Finance and Governance," Finance, University Library of Munich, Germany, number 0308009, Aug.
• Michael Boguslavsky & Elena Boguslavskaya, 2003, "Optimal Arbitrage Trading," Finance, University Library of Munich, Germany, number 0309012, Sep.
• Kian-Ping Lim & Venus Khim-Sen Liew & Hock-Tsen Wong, 2003, "Weak-form Efficient Market Hypothesis, Behavioural Finance and Episodic Transient Dependencies: The Case of the Kuala Lumpur Stock Exchange," Finance, University Library of Munich, Germany, number 0312012, Dec.
• Frank Westerhoff, 2003, "Bubbles And Crashes: Optimism, Trend Extrapolation And Panic," International Journal of Theoretical and Applied Finance (IJTAF), World Scientific Publishing Co. Pte. Ltd., volume 6, issue 08, pages 829-837, DOI: 10.1142/S0219024903002237.
• Gina Nicolosi & Liang Peng & Ning Zhu, 2003, "Do Individual Investors Learn from Their Trading Experience?," Yale School of Management Working Papers, Yale School of Management, number ysm439, Nov, revised 01 Sep 2009.
• Oehler, Andreas & Häcker, Mirko, 2003, "Kurseinfluss mittlerer und großer Transaktionen am deutschen Aktienmarkt," Discussion Papers, University of Bamberg, Chair of Finance, number 20.
• Takalo, Tuomas & Toivanen, Otto, 2003, "Equilibrium in financial markets with adverse selection," Bank of Finland Research Discussion Papers, Bank of Finland, number 6/2003.
• Dufour, Jean-Marie & Beaulieu, Marie-Claude & Khalaf, Lynda, 2003, "Testing mean-variance efficiency in CAPM with possibly non-gaussian errors: an exact simulation-based approach," Discussion Paper Series 1: Economic Studies, Deutsche Bundesbank, number 2003,01.
• Franzke, Stefanie A. & Grohs, Stefanie & Laux, Christian, 2003, "Initial public offerings and venture capital in Germany," CFS Working Paper Series, Center for Financial Studies (CFS), number 2003/26.
• Hess, Dieter E., 2003, "Determinants of the relative price impact of unanticipated information in US macroeconomic releases," Frankfurt School - Working Paper Series, Frankfurt School of Finance and Management, number 46.
• Stolpe, Michael, 2003, "Learning and signalling in the French and German venture capital industries," Kiel Working Papers, Kiel Institute for the World Economy, number 1156.
• Pierdzioch, Christian & Stadtmann, Georg, 2003, "The effectiveness of the interventions of the Swiss National Bank: an event-study analysis," Kiel Working Papers, Kiel Institute for the World Economy, number 1160.
• Vajda, István, 2003, "Bennfentes kereskedelem
  [Insider trading]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), volume 0, issue 3, pages 235-253.
• Rasmus Fatum & Barry Scholnick, 2003, "Do Exchange Rates Respond to Day-to-Day Changes in Monetary Policy Expectations? Evidence from the Federal Funds Futures Market," EPRU Working Paper Series, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics, number 03-18, May, revised Aug 2003.
• Marco Ottaviani & Peter Norman Sørensen, 2003, "Late Informed Betting and the Favorite-Longshot Bias," Discussion Papers, University of Copenhagen. Department of Economics, number 03-33, Jul.
• Maxime Merli & Alain Schatt, 2003, "Contagion effects of successive bond rating downgrades," Working Papers of LaRGE Research Center, Laboratoire de Recherche en Gestion et Economie (LaRGE), Université de Strasbourg, number 2003-02.
• Georges Dionne & Florence Giuliano & Pierre Picard, 2003, "Optimal Auditing for Insurance Fraud," Cahiers de recherche, CIRPEE, number 0329.
• Kathryn M. E. Dominguez, 2003, "When Do Central Bank Interventions Influence Intra-Daily and Longer-Term Exchange Rate Movements?," Working Papers, Research Seminar in International Economics, University of Michigan, number 506.
• Costanza Torricelli & Marianna Brunetti, 2003, "The Put-Call Parity in the Index Options Markets: Further results for the Italian Mib30 Options market," Department of Economics, University of Modena and Reggio E., Faculty of Economics "Marco Biagi", number 0436, Jul.
• V. Moriggia & S. Muzzioli & C. Torricelli, 2003, "Call and put implied volatilities and the derivation of option implied trees," Department of Economics, University of Modena and Reggio E., Faculty of Economics "Marco Biagi", number 0448, Nov.
• Casolaro, Luca & Focarelli, Dario & Pozzolo, Alberto Franco, 2003, "The Pricing Effect of Certification on Bank Loans: Evidence from the Syndicated Credit Market," Economics & Statistics Discussion Papers, University of Molise, Department of Economics, number esdp03010, Jul.
• Rachel Campbell & Catherine S. Forbes & Kees Koedijk & Paul Kofman, 2003, "Diversification Meltdown or the Impact of Fat tails on Conditional Correlation?," Monash Econometrics and Business Statistics Working Papers, Monash University, Department of Econometrics and Business Statistics, number 18/03, Nov.
• George Woodward & Heather Anderson, 2003, "Does Beta React to Market Conditions? Estimates of Bull and Bear Betas using a Nonlinear Market Model with an Endogenous Threshold Parameter," Monash Econometrics and Business Statistics Working Papers, Monash University, Department of Econometrics and Business Statistics, number 9/03, Apr.
• DUFOUR, Jean-Marie & KHALAF, Lynda & BEAULIEU, Marie-Claude, 2003, "Finite-Sample Diagnostics for Multivariate Regressions with Applications to Linear Asset Pricing Models," Cahiers de recherche, Universite de Montreal, Departement de sciences economiques, number 2003-08.
• DUFOUR, Jean-Marie & KHALAF, Lynda & BEAULIEU, Marie-Claude, 2003, "Exact Skewness-Kurtosis Tests for Multivariate Normality and Goodness-of-fit in Multivariate Regressions with Application to Asset Pricing Models," Cahiers de recherche, Universite de Montreal, Departement de sciences economiques, number 2003-09.
• DUFOUR, Jean-Marie & KHALAF, Lynda & BEAULIEU, Marie-Claude, 2003, "Finite-Sample Diagnostics for Multivariate Regressions with Applications to Linear Asset Pricing Models," Cahiers de recherche, Centre interuniversitaire de recherche en économie quantitative, CIREQ, number 06-2003.
• DUFOUR, Jean-Marie & KHALAF, Lynda & BEAULIEU, Marie-Claude, 2003, "Exact Skewness-Kurtosis Tests for Multivariate Normality and Goodness-of-Fit in Multivariate Regressions with Application to Asset Pricing Models," Cahiers de recherche, Centre interuniversitaire de recherche en économie quantitative, CIREQ, number 07-2003.
• Philippe Bacchetta & Roger Gordon, 2003, "Trans-Atlantic Public Economics Seminar (TAPES), Taxation of Financial Income," NBER Books, National Bureau of Economic Research, Inc, number bacc03-1, January.
• Randolph B. Cohen & Christopher Polk & Tuomo Vuolteenaho, 2003, "The Price is (Almost) Right," NBER Working Papers, National Bureau of Economic Research, Inc, number 10131, Dec.
• Steven D. Levitt, 2003, "How Do Markets Function? An Empirical Analysis of Gambling on the National Football League," NBER Working Papers, National Bureau of Economic Research, Inc, number 9422, Jan.
• Eli Ofek & Matthew Richardson & Robert F. Whitelaw, 2003, "Limited Arbitrage and Short Sales Restrictions: Evidence from the Options Markets," NBER Working Papers, National Bureau of Economic Research, Inc, number 9423, Jan.
• William N. Goetzmann & Ning Zhu, 2003, "Rain or Shine: Where is the Weather Effect?," NBER Working Papers, National Bureau of Economic Research, Inc, number 9465, Feb.
• Rodolfo Martell & Rene M. Stulz, 2003, "Equity market liberalizations as country IPOs," NBER Working Papers, National Bureau of Economic Research, Inc, number 9481, Feb.
• John Y. Campbell & Tuomo Vuolteenaho, 2003, "Bad Beta, Good Beta," NBER Working Papers, National Bureau of Economic Research, Inc, number 9509, Feb.
• Louis K. C. Chan & Jason Karceski & Josef Lakonishok, 2003, "Analysts' Conflict of Interest and Biases in Earnings Forecasts," NBER Working Papers, National Bureau of Economic Research, Inc, number 9544, Mar.
• Edward J. Kane, 2003, "Continuing Dangers of Disinformation in Corporate Accounting Reports," NBER Working Papers, National Bureau of Economic Research, Inc, number 9634, Apr.
• Scott Weisbenner & Zoran Ivkovich, 2003, "Local Does as Local Is: Information Content of the Geography of Individual Investors' Common Stock Investments," NBER Working Papers, National Bureau of Economic Research, Inc, number 9685, May.
• Kathryn M.E. Dominguez, 2003, "When Do Central Bank Interventions Influence Intra-Daily and Longer-Term Exchange Rate Movements?," NBER Working Papers, National Bureau of Economic Research, Inc, number 9875, Jul.
• Robert P. Flood & Andrew K. Rose, 2003, "Financial Integration: A New Methodology and an Illustration," NBER Working Papers, National Bureau of Economic Research, Inc, number 9880, Aug.
• H. Henry Cao & Richard K. Lyons & Martin D.D. Evans, 2003, "Inventory Information," NBER Working Papers, National Bureau of Economic Research, Inc, number 9893, Aug.
• Kenjiro Hirayama & Yoshiro Tsutsui, 2003, "Market Efficiency and International Linkage of Stock Prices: An Analysis with High Frequency Data," Discussion Papers in Economics and Business, Osaka University, Graduate School of Economics, number 03-04, Jan.
• Yoshiro Tsutsui & Kenjiro Hirayama, 2003, "Market Efficiency and International Linkage of Stock Prices: An Analysis with High-Frequency Data," Discussion Papers in Economics and Business, Osaka University, Graduate School of Economics, number 03-04-Rev, Jan, revised Oct 2004.
• Antoine Faure-Grimaud & Jean-Jacques Laffont & David Martimort, 2003, "Collusion, Delegation and Supervision with Soft Information," The Review of Economic Studies, Review of Economic Studies Ltd, volume 70, issue 2, pages 253-279.
• Robert Neumann & Torben Voetmann, 2003, "Demand Curves for European Stocks Slope Down Too," Review of Finance, European Finance Association, volume 7, issue 3, pages 437-457.
• Alan Morrison & Nir Vulkan, 2003, "Making Money out of Publicly Available Information," Economics Series Working Papers, University of Oxford, Department of Economics, number 2003-FE-07, Feb.
• Chenchuramaiah T. Bathala & Oswald D. Bowlin & William P. Dukes, 2003, "Corporate Governance, Illiquidity, and Valuation Issues in Privately-Owned Corporations," Journal of Entrepreneurial Finance, Pepperdine University, Graziadio School of Business and Management, volume 8, issue 1, pages 1-30, Spring.
• Peter Chen & Kasing Man & Chunchi Wu, 2003, "The Information Content in Trades of Inactive Nasdaq Stocks," Journal of Entrepreneurial Finance, Pepperdine University, Graziadio School of Business and Management, volume 8, issue 2, pages 25-53, Summer.
• Maria Rosa Borges, 2003, "Fiscal effect in dividend distributions," Portuguese Journal of Management Studies, ISEG, Universidade de Lisboa, volume 0, issue 1, pages 73-85.
• Jorge Farinha & Francisco Miranda, 2003, "Run-up, toeholds, and agency effects in mergers and acquisitions: evidence from an emerging market," CEF.UP Working Papers, Universidade do Porto, Faculdade de Economia do Porto, number 0311, Nov.
• Brekalo, Miljenko & Marković, Branimir & Matić, Branko, 2003, "Quality of the Information System as the Prequisite for the Realization of Concession Income in Telecommunications," MPRA Paper, University Library of Munich, Germany, number 11017.
• Mlambo, Chipo & Biekpe, Nicholas, 2003, "The consequences of online information dissemination on stock market liquidity and efficiency: Implications on African markets," MPRA Paper, University Library of Munich, Germany, number 24971, Oct, revised Nov 2003.
• Palombini, Edgardo, 2003, "Volatility and liquidity in the Italian money market," MPRA Paper, University Library of Munich, Germany, number 42699, Mar.
• Azzopardi, Paul & Silvio John, Camilleri, 2003, "The Relevance of Short Sales to the Maltese Stock Market," MPRA Paper, University Library of Munich, Germany, number 84566, Jan.
• Miloslav Vošvrda & Lukáš Vácha, 2003, "Heterogeneous agent model with memory and asset price behaviour," Prague Economic Papers, Prague University of Economics and Business, volume 2003, issue 2, pages 155-168, DOI: 10.18267/j.pep.212.
• Michal Hlaváček & Adam Geršl & Tomáš Cahlík & Michael Berlemann, 2003, "Predikce využívající experimentální trhy
  [Predictions using experimental markets]," Politická ekonomie, Prague University of Economics and Business, volume 2003, issue 6, pages 838-850, DOI: 10.18267/j.polek.441.
• Alan B. Krueger & Kenneth N. Forston, 2003, "Do Markets Respond More to More Reliable Labor Market Data? A Test of Market Rationality," Working Papers, Princeton University, Department of Economics, Center for Economic Policy Studies., number 114, Jan.
• Burton G. Malkiel, 2003, "The Efficient Market Hypothesis and Its Critics," Working Papers, Princeton University, Department of Economics, Center for Economic Policy Studies., number 111, Apr.
• Karine Michalon, 2003, "Impact des interruptions de cotation sur la microstructure du marché boursier français," Revue d'Économie Financière, Programme National Persée, volume 70, issue 1, pages 253-259, DOI: 10.3406/ecofi.2003.4838.
• Jean-François Casta, 2003, "La comptabilité en « juste valeur » permet-elle une meilleure représentation de l’entreprise ?," Revue d'Économie Financière, Programme National Persée, volume 71, issue 2, pages 17-31, DOI: 10.3406/ecofi.2003.4842.
• David Tweedie, 2003, "Le rôle de la juste valeur dans la comptabilisation des instruments financiers," Revue d'Économie Financière, Programme National Persée, volume 71, issue 2, pages 53-61, DOI: 10.3406/ecofi.2003.4844.
• René Ricol & Sonia Bonnet-Bernard, 2003, "La juste valeur : un serpent de mer depuis bientôt quinze ans," Revue d'Économie Financière, Programme National Persée, volume 71, issue 2, pages 63-69, DOI: 10.3406/ecofi.2003.4845.
• Gwénaëlle Flandrin-Le Maire, 2003, "L'impact macroéconomique de la norme IAS 39," Revue d'Économie Financière, Programme National Persée, volume 71, issue 2, pages 123-138, DOI: 10.3406/ecofi.2003.4850.
• François Mouriaux, 2003, "La juste valeur : quels enjeux en termes de politique monétaire et de stabilité financière ?," Revue d'Économie Financière, Programme National Persée, volume 71, issue 2, pages 139-154, DOI: 10.3406/ecofi.2003.4851.
• Sylvie Mathérat, 2003, "Juste valeur et évaluation des actifs : le point de vue des autorités prudentielles," Revue d'Économie Financière, Programme National Persée, volume 71, issue 2, pages 159-172, DOI: 10.3406/ecofi.2003.4853.
• Jean-François Casta, 2003, "Does fair value accounting provide a better representation of a company?," Revue d'Économie Financière, Programme National Persée, volume 71, issue 2, pages 11-24, DOI: 10.3406/ecofi.2003.4742.
• David Tweedie, 2003, "The role of fair value in accounting for financial instruments," Revue d'Économie Financière, Programme National Persée, volume 71, issue 2, pages 43-50, DOI: 10.3406/ecofi.2003.4744.
• René Ricol & Sonia Bonnet-Bernard, 2003, "Fair value accounting : an overworked issue over the past fifteen years," Revue d'Économie Financière, Programme National Persée, volume 71, issue 2, pages 51-56, DOI: 10.3406/ecofi.2003.4745.
• Gwénaëlle Flandrin-Le Maire, 2003, "The macroeconomic impact of IAS," Revue d'Économie Financière, Programme National Persée, volume 71, issue 2, pages 107-120, DOI: 10.3406/ecofi.2003.4750.
• François Mouriaux, 2003, "Fair value accounting : what are implications for monetary and financial stability?," Revue d'Économie Financière, Programme National Persée, volume 71, issue 2, pages 121-135, DOI: 10.3406/ecofi.2003.4751.
• Sylvie Mathérat, 2003, "Fair value accounting : Regulators point of view," Revue d'Économie Financière, Programme National Persée, volume 71, issue 2, pages 141-153, DOI: 10.3406/ecofi.2003.4753.
• Jonathan Coppel & Ellis Connolly, 2003, "What Do Financial Market Data Tell Us about Monetary Policy Transparency?," RBA Research Discussion Papers, Reserve Bank of Australia, number rdp2003-05, May.
• Shahin Shojai & George Feiger, 2003, "Market Credibility and Other Dietary Fads," Journal of Financial Transformation, Capco Institute, volume 7, pages 63-70.
• Haim Kedar-Levy, 2003, "Technology shocks and financial bubbles," Journal of Financial Transformation, Capco Institute, volume 7, pages 53-62.
• Leonardo Becchetti & Michele Bagella & Fabrizio Adriani, 2003, "Observed and 'Fundamental' Price Earning Ratios: A Comparative Analysis of High-tech Stock Evaluation in the US and in Europe," CEIS Research Paper, Tor Vergata University, CEIS, number 34, Sep.
• Bruce Mizrach, 2003, "Analyst Recommendations and Nasdaq Market Making Activity," Departmental Working Papers, Rutgers University, Department of Economics, number 200307, Aug.
• A. Colin Cameron & Anthony D. Hall, 2003, "A Survival Analysis of Australian Equity Mutual Funds," Australian Journal of Management, Australian School of Business, volume 28, issue 2, pages 209-226, September, DOI: 10.1177/031289620302800201.
• Alan Morrison & Nir Vulkan, 2003, "Making Money out of Publicly Available Information," OFRC Working Papers Series, Oxford Financial Research Centre, number 2003fe07.
• Chueh-Yung Tsao & Shu-Heng Chen, 2003, "Financial Modeling based on the Trajectory Domain," Computing in Economics and Finance 2003, Society for Computational Economics, number 36, Aug.
• Giovanni Cespa, 2003, "A Comparison of Stock Market Mechanism," CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy, number 94, Apr.
• Giovanni Cespa, 2003, "Giffen Goods and Market Making," CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy, number 97, May.
• Rodolfo Martell & René M. Stulz, 2003, "Equity-Market Liberalizations as Country IPO's," American Economic Review, American Economic Association, volume 93, issue 2, pages 97-101, May.
• Robert J. Shiller, 2003, "From Efficient Markets Theory to Behavioral Finance," Journal of Economic Perspectives, American Economic Association, volume 17, issue 1, pages 83-104, Winter.
• Chipo Mlambo & Nicholas Biekpe & Eon Smit, 2003, "Testing the Random Walk Hypothesis on Thinly-Traded Markets: The Case of Four African Stock Markets," The African Finance Journal, Africagrowth Institute, volume 5, issue 1, pages 16-35.
• Izquierdo, Ricardo Server & Ronco, Alicia Mateos, 2003, "Los costes de calidad en las empresas citricolas y su identificacion en el marco del sistema de costes basado en actividades," Economia Agraria y Recursos Naturales, Spanish Association of Agricultural Economists, volume 3, issue 01, pages 1-17, DOI: 10.22004/ag.econ.28749.
• Manuela CROCI, 2003, "An empirical analysis of international equity market co-movements: implications for informational efficiency," Working Papers, Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali, number 197, Nov.
• Ariadna Dumitrescu, 2003, "Imperfect Competition and Market Liquidity with a Supply Informed Trader," UFAE and IAE Working Papers, Unitat de Fonaments de l'Anàlisi Econòmica (UAB) and Institut d'Anàlisi Econòmica (CSIC), number 591.03, Oct.
• Thilo Pausch, 2003, "The Lender-Borrower Relationship with Risk Averse Lenders," Discussion Paper Series, Universitaet Augsburg, Institute for Economics, number 244, Jul.