Browsing by Author "LUCEY, BRIAN MICHAEL"
Now showing items 1-20 of 22
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Ascribed Versus Achieved Social Status of CEOs and its Relationship with M&A Activities
(2011)Using a sample of CEOs of FTSE companies during a ten-year period from 2001 to 2010, we explore merger and acquisition activities from the perspective of social status theory. It investigates the influence of CEO social ... -
Comovements in Government Bond Markets: A Minimum Spanning Tree Analysis
(Elsevier, 2010)The concept of a minimum spanning tree (MST) is used to study patterns of comovements for a set of twenty government bond market indices for developed North American, European, and Asian countries. We show how the MST and ... -
Determinants of capital structure in Irish SMEs
(Springer, 2010)This paper presents an empirical examination of determinants of the capital structure of a sample of 299 Irish small and medium-sized enterprises (SMEs). Results suggest that age, size, level of intangible activity, ownership ... -
Does cultural distance matter in international stock market comovement? Evidence from emerging economies around the world
(2010)Prior research suggests an inverse relationship between geographic distance and financial market linkages. In this paper, we examine whether and how cultural distance between countries mitigates this finding. We find that ... -
The Effect of Gender on Stock Price Reaction to the Appointment of Directors: The Case of the FTSE 100
(2011)We examine the effect of the appointment of directors on the share price of FTSE companies. We find that the share price reaction to the appointment of Directors suggests that gender is not an issue in the appointment of ... -
Financial integration and emerging markets capital structure
(2011)This paper investigates the impact of country-level financial integration on corporate financing choices in emerging economies. Examining 4477 public firms from 24 countries, we find that corporate leverage is positively ... -
Global Stock Market Interdependencies and long-term Portfolio Diversification
(2011)In this paper, we examine the scope for international stock portfolio diversification, from the viewpoint of a United States representative investor, in regard to both the Asian and the European stock markets. Our findings ... -
Gravity and Culture in Foreign Portfolio Investment
(2011)Using panel regression estimates from the IMF?s CPIS survey of foreign debt and equity portfolios across 174 originating and 50 destination countries from 2001 to 2007, we clarify the role of culture and extend the set of ... -
Hedges and Safe Havens An Examination of Stocks, Bonds, Oil, Gold and the Dollar
(2011)We investigate five major financial asset classes, examining how and under what circumstances each may act as a hedge or a safe haven to each other. Using the approach of Baur and Lucey (2010) and Baur and McDermott (2010) ... -
International financial integration
(2009)Institutions and institutional structures are boundary conditions for finance. Since the pioneering work of La Porta et al., 1998 R. La Porta, F. Lopez-de-Silanes, A. Shleifer and R.W. Vishny, Law and finance, Journal of ... -
International portfolio diversification, skewness and the role of gold
(ESC Lille, 2007)The paper examines the optimal allocation of assets in well diversified equity based portfolio where the investor is concerned not only with mean and variance but also with the skewness of the returns. -
International portfolio diversification: Is there a role for the Middle East and North Africa?
(Elsevier, 2007)We examine the issue of possible portfolio diversification benefits into seven Middle East and North African (MENA) stock markets. We construct international portfolios in dollars and local currencies. Ex ante weights are ... -
Investigating the Determinants of Banking Coexceedances in Europe in the Summer of 2008
(2010)We examine the nature, extent and possible causes of bank contagion in a high frequency setting. Looking at six major European banks in the summer and autumn of 2008, we model the lower coexceedances of these banks returns. ... -
The Irish Economy: Three Strikes and You're Out?
(2011)We examine the three interlinked Irish crises : the competitiveness, fiscal and banking crises, showing how all three combined to lay a lethal trap for Ireland. Starting from a point of economic balance, a series of poor ... -
Is Wine a Premier CRU Investment?
(2011)We investigate the case for Bordeaux and Rhone wine as an investment. The raw data analysed comprises of approx. 335,000 observations of wine sales prices and is analysed using the repeat sales regression method. General ... -
The Microstructure of the Irish Stock Market
(Rutgers University, 2008)This is the first paper to examine the microstructure of the Irish Stock Market empirically and is motivated by the adoption, on June 7th of Xetra the modern pan European auction trading system. Prior to this the exchange ... -
Profits, efficiency and Irish banks
(Statistical and Social Inquiry Society of Ireland, 1994)This paper looks at the interaction between profits and efficiency in a sample of 17 Irish banks, for the years 1988 - 1991 inclusive. By contrast with previous techniques used for assessing economic models of efficiency, ... -
A promising timing strategy in equity markets
(Statistical and Social Inquiry Society of Ireland, 2002)In a working paper, Jacobsen and Bouman (2001) claim that that the old stock market saying of ?sell in May and go away but buy back by St. Leger Day? produces statistically significant profit when tested on a large ... -
Real Estate and the Stock Market: A Meta?Regression Analysis
(2011)The real estate finance literature provides diverse and contradictory findings regarding the relationship between the real estate market and the stock market. Despite the importance of this relationship to the economy in ... -
Robust Global Stock Market Interdependencies
(Elsevier, 2011)In this paper, we examine the scope for international stock portfolio diversification, from the viewpoint of a United States representative investor, in regard to both the Asian and the European stock markets. Our findings ...
