Two Essays in Finance: Analyzing the Value of Cash to U.S. and Non-U.S. Firms and Institutional Trading in Stock Index Futures

In the first chapter, we analyze the role of market development, risk premium, and transparency as factors influencing the value of cash in firms listed as American Depository Receipts. Based on the method by Pinkowitz and Williamson (2002), our primary results are as follows. The market value of ca...

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Bibliographic Details
Main Author: Xu, Li
Format: Others
Published: ScholarWorks@UNO 2014
Subjects:
ADR
Online Access:http://scholarworks.uno.edu/td/1840
http://scholarworks.uno.edu/cgi/viewcontent.cgi?article=2913&context=td