ATTENTION: The works hosted here are being migrated to a new repository that will consolidate resources, improve discoverability, and better show UTA's research impact on the global community. We will update authors as the migration progresses. Please see MavMatrix for more information.
Show simple item record
dc.contributor.author | Rivas-Aguilar, Julio Andrés | en_US |
dc.date.accessioned | 2013-03-20T19:13:17Z | |
dc.date.available | 2013-03-20T19:13:17Z | |
dc.date.issued | 2013-03-20 | |
dc.date.submitted | January 2012 | en_US |
dc.identifier.other | DISS-11790 | en_US |
dc.identifier.uri | http://hdl.handle.net/10106/11637 | |
dc.description.abstract | The first essay of this dissertation deals with the relationship between previous earnings, earnings forecasts, and future returns. I found that stocks with the worst previous earnings and the worst earnings forecasts outperform the ones with more optimistic outlooks. Value stocks also tend to outperform glamour stocks. I also found that previous earnings are the dominating factor in determining subsequent returns. The second essay deals with the Bid-Ask Spread (BAS) behavior of penny stocks throughout trading sessions. I ran the analysis by using different days of the week, months of the year, and analyst coverage. Finally, I regressed the minute-to-minute BAS against activity, risk, and information variables. | en_US |
dc.description.sponsorship | Diltz, John David | en_US |
dc.language.iso | en | en_US |
dc.publisher | Finance & Real Estate | en_US |
dc.title | Penny Stocks, Market Microstructure, And Analyst Forecasts | en_US |
dc.type | Ph.D. | en_US |
dc.contributor.committeeChair | Diltz, John David | en_US |
dc.degree.department | Finance & Real Estate | en_US |
dc.degree.discipline | Finance & Real Estate | en_US |
dc.degree.grantor | University of Texas at Arlington | en_US |
dc.degree.level | doctoral | en_US |
dc.degree.name | Ph.D. | en_US |
Files in this item
- Name:
- RivasAguilar_uta_2502D_11790.pdf
- Size:
- 1.427Mb
- Format:
- PDF
This item appears in the following Collection(s)
Show simple item record