THE REAL PROPERTY TAX AND K-12 EDUCATION

Public Economics,

The New Hampshire, Vol. 67, No. 20 (Nov. 19, 1976)

An independent student produced newspaper from the University of New Hampshire

An Empirical Study on Malaysian IPOS and Their Profit Forecasts

This paper is divided into two parts. The first part examines the trend of IPO's premiums and accuracy of profits forecasting in short run and long run. The second part examines the reputation of underwriters and size of auditors as possible determination of IPO's premium and accuracy of profits forecasting. Two hundred and forty-five new issues were analysed for the period 1993-1996. There are significant excess returns on the first day of trading with an average premium of 88 per cent. The first day IPO's premiums have a significant effect of two difference economy period. The average first day premium is about 104 per cent in the economy boom period (93-94) compared to 66 per cent in the post boom period. The results on profit forecast error showed reasonable accuracy of forecasts with an error of -2.72 per cent. Looking at the reputation of underwriters, size of auditors and the first day IPO's premium. The size of auditors and reputation of underwriters are not the determinate of the first day IPO's premium. From a sample of 137 companies after screening for outliers, 62 companies under-estimated and 75 over-estimated their profit forecasting. There is no statistically significant relationship between reputation of underwriter and size of auditor with the accuracy of profit forecasts

Do prices drive commercial trader positions in grains and oilseeds markets?

We examine the impacts of futures price changes on commercial traders’ aggregate net positioning in grains and oilseeds markets during the pre-harvest period from 2007-2019. We proceed in two steps. First, we modify and extend the analysis of optimal hedging proposed by Jacobs, Li, and Hayes (AJAE 2018) to: (i) confirm its applicability for the two largest agricultural markets (soybeans and corn) over a longer period of time than previously tested (13-year period vs. 5); (ii) provide evidence regarding the relevance of the Chicago Board Options Exchange (CBOE) Volatility Index-VIX in determining commercial hedging decisions; (iii) provide evidence that the Disaggregated Commitment of Traders Reports (DCOT) data can be used as a benchmark for examining hedging behavior. Second, we develop a Structural Vector Auto-Regressive Model (SVAR) to account for endogeneity issues in the analysis of the effects of futures prices and of the VIX on commercial positioning in grains and oilseeds markets. The results from Impulse Response Functions (IRFs) retrieved from the SVAR confirm the role of futures price changes in driving position changes, shedding new light on whether commercial traders hedge or instead speculate

Spartan Daily, February 15, 1993

Volume 100, Issue 12https://scholarworks.sjsu.edu/spartandaily/8369/thumbnail.jp

Spartan Daily, February 15, 1993

Volume 100, Issue 12https://scholarworks.sjsu.edu/spartandaily/8369/thumbnail.jp

Teen Appeal, Memphis, 13.07, 2010

Issue 13.7 of the Teen Appeal published by the University of Memphis Journalism Department and Commercial Appeal, Memphis, Tennessee, on April 6, 2010.https://digitalcommons.memphis.edu/speccoll-mss-teenappeal1/1094/thumbnail.jp