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Your search keyword '"Wyatt, Steve B."' showing total 17 results
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17 results on '"Wyatt, Steve B."'

4. The cross-sectional behavior of trading volume

Author

Ma, Guohua and Wyatt, Steve B.

Subjects
Stock redemption -- Research, Securities trading -- Research, Business, Business, general, Economics, Government
Abstract

We examine the cross-sectional behavior of trading volume for an extended period from 1963 to 2004 on all stocks listed on NYSE/AMEX/NASDAQ markets. The cross-sectional analysis shows that trading volume is not linearly related to market capitalization and stock beta. Specially, an inverted U-shape relation represents the relation between stock turnover and market capitalization. Keywords: Trading Volume, Firm Size, Risk, 1. INTRODUCTION Researchers have long been focusing on the behavior of stock returns, but paid less attention to trading volume, an important stochastic process closely related to returns. Numerous theoretical [...]

Published
2009

9. Dividends, dividend policy and option valuation: a new perspective

Author

Adams, Paul D., Wyatt, Steve B., and Walker, Michael C.

Subjects
Dividends -- Accounting and auditing, Banking, finance and accounting industries, Business
Abstract

The Divident Adjusted Merton (DAM) model is a new paradigm for valuing options and dividends. Unlike previous models, DAM does not assume arbitrary continuous dividends and does not utilize specialized methods to adjust for discrete dividend payments. Consequently, the model provides more accurate valuations of both American and European puts and calls. A discussion of how the model operates is presented.

Published
1994

10. Did Black Monday have a permanent effect?

Author

Albert, Robert L., Smaby, Timothy R., and Wyatt, Steve B.

Subjects
Stock Market Crash, 1987 -- Influence, Stock-exchange -- Research, Banking, finance and accounting industries, Business
Abstract

Research has investigated the long-term impact of the stock market crash, Oct 19, 1987 on index futures and stock index prices. Susceptibility to disruption could effect a permanent change in the relationship between futures and stock market. However, evidence suggests Black Monday has had little long-term significance although stock market operational changes following the crash hinder analysis. The index futures market is still the principal market for price discovery.

Published
1993

11. The effects of international joint ventures on shareholder wealth

Author

Lee, Insup and Wyatt, Steve B.

Subjects
Stocks -- Prices and rates, Joint ventures -- Research, Stockholders -- Joint ventures, Banking, finance and accounting industries, Business
Abstract

US firms can gain access to markets, exploit market imperfections, or export oligopolistic advantages through the use of joint ventures. Joint ventures are increasingly popular with US firms due to the globalization of the world economy. A study of 211 firms over 13 years conducted to examine the effects of joint ventures on shareholders' wealth indicates that investor reactions to joint ventures with foreign firms is negative overall. Only joint ventures with lesser developed countries display positive effects on shareholders' wealth, contradicting earlier studies that found increases in stock prices due to international and domestic joint ventures.

Published
1990

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