The More, the Merrier? How the Number of Partners in a Standard-Setting Initiative Affects Shareholder's Risk and Return
نویسندگان
چکیده
Date Ticker FIRMCOUNT Risk Adjusted Return (γ) Change in Market Risk (β ́) Change in Idiosyncratic Risk (σ2 after – σ2 before) 2/20/1996 FDC 2 -0.006087476 0.02552937 6.32225E-05 5/7/1996 ISLI 2 0.0243426 -1.892630856 -0.002437866 5/7/1996 SUNW 2 -0.007177306 -1.025868233 -0.000912965 5/20/1996 NSCP 6 0.017395648 0.827543911 -0.000930735 5/20/1996 ORCL 6 0.00570959 -1.492743834 -0.000170551 5/20/1996 SUNW 6 0.010269372 -0.741954827 -0.000735972 5/20/1996 AAPL 6 -0.011087047 0.453908597 0.000461451 5/20/1996 IBM 6 0.008333754 -0.783104337 -0.000173145 7/23/1996 MSFT 1 -0.01014626 0.109996717 3.65691E-06 7/26/1996 MSFT 1 -0.000402748 0.030131026 -2.24841E-06 9/3/1996 ISLI 1 0.002197317 -0.187824693 -0.000458735 6/7/2005 APA 9 -0.002690234 0.238221825 0.000109512 6/7/2005 SAP 9 0.007471843 0.133098243 -4.35429E-05 6/7/2005 ORCL 9 0.003635138 -0.678397138 -8.57553E-05 6/7/2005 IBM 9 -0.000961421 -0.32067959 -6.28663E-05 6/29/2005 COL 3 -0.00357972 -0.371034951 -4.96182E-05 6/29/2005 RTN 3 -0.000414139 -0.108476688 -6.52509E-06 7/22/2005 VSNT 1 0.055943344 0.618384879 -0.000278402 9/22/2005 KEYW 3 -0.023036531 0.11372799 -1.67123E-05 10/3/2005 PHG 5 0.001534706 -0.169006842 -9.90286E-06 10/3/2005 SNE 5 0.011567974 -0.353971047 -2.09123E-05 10/3/2005 MC 5 0.010582315 1.003300833 0.00022589
منابع مشابه
Effect of Exchange Rate Change Shocks on Systemic Risk Index Among Mutual Funds
Financial stability is amongst the issues that have been increasingly considered over the past two decades. Today, money and capital markets play a substantial role in the development of societies, but at the same time, this development will be problematic if it is not accompanied by a program, control, and supervision. The main reason is that, due to the correlation between the real and financ...
متن کاملExtreme Makeover: Home Edition, Setting the American Dream’s Homeownerships Standard of Living and its Costs
This article discusses how the Extreme Makeover: HomeEditionUStelevision reality program, which focuses on rebuilding houses for those in need,sets unrealistic boundaries for the American Dream’s standard of living oflow-income homeowners in the United States. Passing through economic hardshipin the past several years, it is important to study how this program can meet thereal expectations of t...
متن کاملGlobal information hub on integrated medicine: Malaysia strategic initiative
The increasing global interest on traditional and complementary medicine (T/CM) and a need of a centralised and validated information on T/CM, added with a noble mission of optimally integrating the practice of T/CM into the mainstream healthcare system, revolutionised this Commonwealth health minister’s initiative project. Combined with strong government support and strength in ICT infrastruct...
متن کاملThe Impact of Asymmetric Risk on Expected Return
The main goal of the present study is testing asymmetric risk pricing and comparing it with pricing of traditional risk measures in Tehran Stock Market. Accordingly, a sample consisting of 101 companies listed in Tehran Stock Market during 2002-2013 went under investigation. In order to test asymmetric risk pricing, regression model of panel data was applied. The results revealed a positive and...
متن کاملFirm Specific Risk and Return: Quantile Regression Application
The present study aims at investigating the relationship between firm specific risk and stock return using cross-sectional quantile regression. In order to study the power of firm specific risk in explaining cross-sectional return, a combination of Fama-Macbeth (1973) model and quantile regression is used. To this aim, a sample of 270 firms listed in Tehran Stock Exchange during 1999-2010 was i...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید
ثبت ناماگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید
ورودعنوان ژورنال:
- MIS Quarterly
دوره 35 شماره
صفحات -
تاریخ انتشار 2011