Chronicles of Oklahoma

Notes and Document section from Volume 86, Number 4, Winter 2008-09. It includes "The Meta Chestnutt Sager Collection," which highlights the Meta Chestnutt Collection held by the Oklahoma Historical Society Research Division that contains documents and items from the life of Meta Chestnutt Sager, who participated in the 1889 land run and then established El Meta Bond College in Silver City. It also includes "Lincoln's Legacy in Oklahoma" which celebrates the legacy of Abraham Lincoln as it relates to Oklahoma and details the programs launched by the Oklahoma Lincoln Bicentennial Committee to celebrate the former president during the bicentennial of his birth

Chronicles of Oklahoma

Notes and Documents section from Volume 87, Number 2, Summer 2009. It includes a document honoring Michael Wallis and Quintus and Mary Herron, who were inducted into the Oklahoma Historians Hall of Fame in 2009. It also includes a document celebrating the bicentennial of Abraham Lincoln's birth and lists a selection of articles exploring the history of Black Oklahomans in the journey from slavery to empowerment

Chronicles of Oklahoma

Notes and Documents Section from Volume 87, Number 1, Spring 2009. It includes "Oklahoma Historians Hall of Fame" which honors two of the 2009 inductees of the Oklahoma Historians Hall of Fame, Donald E. Green and Marvin E. Kroeker. It also includes "Lincoln's Legacy in Oklahoma" which provides a list of publications to celebrate the legacy of Abraham Lincoln in relation to Oklahoma as part of the Oklahoma Historical Society's celebration of the bicentennial of his birth

Institutional Herding

Institutional investors' demand for a security this quarter is positively correlated with their demand for the security last quarter. We attribute this to institutional investors following each other into and out of the same securities ("herding") and institutional investors following their own lag trades. Although institutional investors are "momentum" traders, little of their herding results from momentum trading. Moreover, institutional demand is more strongly related to lag institutional demand than lag returns. Results are most consistent with the hypothesis that institutions herd as a result of inferring information from each other's trades. Copyright 2004, Oxford University Press.

Hedge fund politics and portfolios

Consistent with the well-documented relation between political orientation and psychological traits, hedge funds' political orientations are related to their portfolio decisions. Relative to politically conservative hedge funds, politically liberal hedge funds exhibit a preference for smaller stocks, less mature companies, volatile stocks, unprofitable companies, non-dividend paying companies, and lottery-type securities. Politically liberal hedge funds are also more likely to enter new positions or fully exit existing positions, and make larger adjustments to their U.S. equity market exposure. Our results suggest that psychological characteristics can influence the portfolio decisions of even those at the very top of the financial sophistication ladder.36 month embargo; Available online 9 November 2016This item from the UA Faculty Publications collection is made available by the University of Arizona with support from the University of Arizona Libraries. If you have questions, please contact us at [email protected]

The Fault in Our Stars: Molecular Genetics and Information Technology Use

There is a growing interest in understanding the role of genetics in explaining heterogeneity in behaviors, including those related to information systems (IS). The majority of the recent genetics research focuses on searching the entire genome in genome-wide association studies (GWASs) to link DNA to human traits. The results of GWASs can be used on datasets to compute a measure of genetic propensity known as a polygenic score, or PGS. PGSs are widely viewed as the future of genetics research. We conducted an exploratory study, in the context of information technology (IT) use, to examine if the PGS approach can be used to better understand the role of genetics in IS research. Consistent with our hypotheses, genetic endowments associated with Educational Attainment and General Cognition positively predict technology use, and genetic endowments associated with Neuroticism, Depressive Symptoms, Myocardial Infarction, and Coronary Artery Disease negatively predict technology use more than half a century later (genetic endowments are established at conception and our sample consists of individuals aged 50 to 80). Many of the characteristics known to be associated with heterogeneity in IT use (e.g., trust, education) appear to be mediators linking PGSs to IT use. Nonetheless, a number of PGSs maintain meaningful direct effects

Insider Trades and Demand by Institutional and Individual Investors

There is a strong inverse relation between insider trading and institutional demand the same quarter and over the previous year. Our analysis suggests a combination of factors contribute to this relation. First, institutional investors are more likely to provide the liquidity necessary for insiders to trade. Second, insiders are more likely to buy low valuation and low lag return stocks while institutions are attracted to the opposite security characteristics. Last, the results are consistent with the hypothesis that insiders are more likely to view their securities as overvalued (undervalued) following a period when institutions were net buyers (sellers). The Author 2010. Published by Oxford University Press on behalf of The Society for Financial Studies. All rights reserved. For Permissions, please e-mail: [email protected]., Oxford University Press.

Institutional industry herding

We examine whether institutional investors follow each other into and out of the same industries. Our empirical results reveal strong evidence of institutional industry herding. The cross-sectional correlation between the fraction of institutional traders buying an industry this quarter and the fraction buying last quarter, for example, averages 40%. Additional tests suggest that correlated signals primarily drive institutional industry herding. Our results also provide empirical support for "style investing" models.Herding Institutional investors Style investing

The negativity bias and perceived return distributions: Evidence from a pandemic

We hypothesize that the well-documented negativity bias, the psychological tendency to asymmetrically emphasize negative over positive aspects, can help explain several financial market phenomena: why most individuals hold strongly bearish views of both short- and long-term equity return distributions, why individuals exhibit heterogeneous beliefs, and the stock market participation puzzle. Using variation in the perceived risk of mortality from the swine flu pandemic as our primary proxy for an individual's negativity bias, we find strong support for our hypothesis even when controlling for alternative mechanisms including optimism, risk aversion, ambiguity aversion, and anxiety.24 month embargo; first published 16 February 2023This item from the UA Faculty Publications collection is made available by the University of Arizona with support from the University of Arizona Libraries. If you have questions, please contact us at [email protected]