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Dunbar, Paul Lawrence. "Prince Hall Freemasonry: The other invisible institution of the black community." Thesis, University of North Texas, 2006. https://digital.library.unt.edu/ark:/67531/metadc5325/.
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The black church and Prince Hall Freemasonry both played important roles in the black experience in America. Freemasonry and the black church; one secular, the other spiritual, played equally important, interrelated roles in the way the black community addressed social, political, and economic problems in the eighteenth and nineteenth centuries.
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Gendre, Xavier. "L'image du prince aux XVIe et XVIIe siècles. Transformations du concept de miroir des princes." Electronic Thesis or Diss., Université Paris Cité, 2019. http://www.theses.fr/2019UNIP5111.
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Cette thèse vise à expliquer l'évolution de l'image du prince, aux XVIe et XVIIe siècles, au travers notamment des transformations du concept de « miroir des princes ». Issu du symbolisme de l'objet-miroir en morale et de sa métaphorisation en politique comme objet de représentation de l'idéal vertueux, le terme « miroir des princes » a évolué jusqu'à désigner, durant la période médiévale, un genre de littérature adressée au représentant du régime politique monarchique. Le genre littéraire des miroirs des princes - difficile à définir et à établir selon des critères fixes - s'est vu remettre en cause au XVIe siècle par la pensée machiavélienne. D'un caractère idéal et idéel et forgée sur les bases vertueuses de la morale chrétienne, l'image du prince s'est transformée par son inscription dans la réalité des faits politiques et historiques. Il s'agit alors d'observer l'évolution de l'utilisation de la métaphore du miroir des princes ainsi que du concept théorique de représentation de l'image idéale du gouvernant, dans la littérature politique des XVIe et XVIIe siècles en France, jusqu'à l'invalidation de la figure vertueuse du prince par la réflexion des théoriciens de la souveraineté à l'époque moderneThis thesis aims to explain the evolution of the image of the prince in the 16th and 17th centuries, in particular through the transformations of the concept of the "mirror of princes". The term "mirror of princes", derived from the symbolism of the mirror-object in morality and its metaphorization in politics as an object of representation of the virtuous ideal, evolved to designate, during the medieval period, a kind of literature addressed to the representative of the monarchical political regime. The literary genre of "mirror of princes" - difficult to define and establish according to fixed criteria - was challenged in the 16th century by Machiavellian thought. Of an ideal character and forged on the virtuous foundations of Christian morality, the image of the prince has been transformed by its inscription in the reality of political and historical facts. It is then a question of observing the evolution of the use of the metaphor of the mirror of princes as well as the theoretical concept of representation of the ideal image of the ruler, in the political literature of the 16th and 17th centuries in France, until the invalidation of the virtuous figure of the prince by the reflection of the theorists of sovereignty in the modern era
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Charton, Fabrice. "« Vetat Mori » : une institution au service du Prince, de la Petite Académie à l’Académie royale des Inscriptions et Belles-Lettres (1663-1742)." Paris, EHESS, 2011. http://www.theses.fr/2011EHES0030.
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En 1663, Jean-Baptiste Colbert, surintendant des bâtiments du roi, réunit une petite équipe composée de membres de l’Académie française : la Petite Académie est née. Chargée de rédiger l’histoire du Roi-Soleil par les devises, les inscriptions et les médailles, elle va rapidement devenir un acteur incontournable de la politique publicitaire royale. En 1701, elle reçoit un règlement qui l’institutionnalise et devient Académie royale des Inscriptions et Belles-Lettres. Dès le début du XVIIIe siècle, l’institution va diversifier ses activités, passant de tâches panégyriques à des études historiques plus fines. L’Académie, institution royale, devient alors le reflet de la figure du prince lettré. Elle est un maillon essentiel de la République des Lettres. Le fonctionnement de cette Académie sur une période de cent ans est le reflet d’un monde qui change, coincé entre les valeurs du Grand Siècle et les innovations du Siècle des LumièresIn 1663, Jean-Baptiste Colbert, Superintendant of the King’s Buildings, gathered a small team composed of members of the Académie Française: the petite Académie was born. Entrusted with the responsibility of writing the history of the Roi Soleil (Louis xiv) in tokens, inscriptions and medals, it soon became an essential actor of royal propaganda. In 1701, it was institutionalised and became the Académie Royale des Inscriptions et Belles Lettres (Royal Academy of Inscriptions and Letters). In the early 18th century, the institution started to add some finer historical studies to its panegyric task. The Académie, a royal institution, then became a reflection of the figure of the Lettered Prince. It thus became an essential link in the Republic of Letters. The way this academy functioned during a century reflects a changing world, between the values of the Grand Siècle (17th century) and the innovations of the period of Enlightment in the 18th century
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Ding, Lei. "Financial institutions and asset prices." Thesis, Imperial College London, 2014. http://hdl.handle.net/10044/1/27230.
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This thesis analyses the role of financial institutions in determining asset prices both theoretically and empirically, and consists of three papers. Chapter 1 provides the motivation and a detailed summary of the three papers. Chapter 2 focuses on the hedge fund industry that has come to play a prominent role in today's financial markets due to its explosive growth. Fierce competition for funds generates relative performance objectives for managers. This paper studies how a hedge-fund manager's investment decision is affected by her tournament concern, incentive contract and liquidation threat. Chapter 3 examines the impact of both managerial capital and delegated capital on asset-market equilibrium by generalising the marginal investor to be a portfolio manager who is paid a relative performance fee. This chapter studies whether it is possible to stabilise financial markets by adopting a less centralized approach based on the idea of altering institutional incentives before a crisis rather than remedial actions after a crisis. Given that the model in Chapter 3 is an example of equity risk-capital models that fit the facts surrounding bank-based intermediaries, Chapter 4 investigates the characteristics of banks' balance sheets and also suggest that banks' balance sheets convey information on predicting subsequent asset-market variations. Chapter 5 concludes.
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James, Duncan Ross. "Institutions, contracts, and asset market prices." Diss., The University of Arizona, 1998. http://hdl.handle.net/10150/288814.
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Tournament incentives have been extensively analyzed, and recommended as policy, by economists and compensation consultants alike. Analysis of tournaments typically looks at the effect of tournament contracts for individuals on individual behavior in non-market settings (public good provision, team tasks, etc.). In contrast, this work investigates the effect of tournament contracts for individual agents on market performance. In particular, this work investigates the effect on asset market performance of individual contracts that reward "beating the market". To this end, both theory and laboratory experiments are employed. The theoretical prediction that the rational expectations equilibrium is destroyed by the introduction of "beat the market" contracts is overwhelmingly supported by the experimental data.
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MacDonald, Heidi. "The Sisters of St. Martha and Prince Edward Island social institutions, 1916-1982." Thesis, National Library of Canada = Bibliothèque nationale du Canada, 2000. http://www.collectionscanada.ca/obj/s4/f2/dsk2/ftp03/NQ68169.pdf.
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Dejan, Austin J. "Credit Supply, Price and Financial Stability in Markets and Institutions." ScholarWorks@UNO, 2018. https://scholarworks.uno.edu/td/2453.
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In Chapter 1, the staggered nature of the adoption of interstate bank branching deregulation in the United States is utilized as an exogeneous shock to investigate the managerial incentives involved in corporate socially responsible (CSR) activities. Using Kinder, Lydenberg, and Domini Research & Analytics, Inc. for our CSR measures, we find a significant negative relation between the extent of deregulation and CSR practices, which implies that deregulation-led rising competition in product market makes the non-financial firms more concerned about protecting interests of shareholders than other stakeholders. Specifically, firms with low pricing power tend to significantly reduce their CSR activities. Our results are robust using alternative empirical specifications and CSR measures.
Chapter 2 investigates the interaction between price stability and financial stability for “Fragile Five” countries. In the first step, we investigate the causation linkage between price stability and financial stability indicators. In the second step, we analyze the effect of financial stability instruments, lending rate and required reserve ratio, on price stability. We then test the price stability instrument policy rate on financial stability. Empirical findings, in the first step, indicate that there is no meaningful relationship between policy objectives in the short run, while the relation between financial stability and price stability occurs in the longer time frequencies. However, the situation is not valid for all economies. In the second step, we measure the effects of monetary policy tools employed by the central bank of each of the Fragile Five countries. The findings from the analysis that investigates the effects of each policy instrument imply that the policy rate instrument implemented to achieve the inflation target does not affect the financial stability goal. Similarly, the reserve requirement ratio instrument to achieve the financial stability goal does not affect the price stability goal. On the other hand, results give some implication about the negative effects of the lending rate instrument on the inflation targeting objective.
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Artaud-Vignollet, Stéphanie. "Le principe de l'équilibre institutionnel dans l'Union européenne." Toulouse 1, 2003. http://publications.univ-tlse1.fr/707/.
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Le principe de l'équilibre institutionnel est la clé de voûte d'un système en constante évolution. Inspiré de la théorie de la séparation des pouvoirs, il s'en distingue du fait que son objet n'est pas de garantir une répartition stricte des pouvoirs entre institutions, mais de protéger un équilibre entre logiques supranationale et intergouvernementale. Il en résulte une répartition atypique des compétences que symbolise ce principe, qui a pour but de régler les relations entre les institutions dans l'exercice de leurs pouvoirs respectifs. Très vite cet équilibre se développe au profit d'un processus intergouvernemental, et ce n'est qu'avec le traité de Maastricht qu'un rééquilibrage des relations interinstitutionnelles s'opère. L'équilibre institutionnel s'inverse donc et montre qu'il est soumis à l'importance donnée à tel ou tel intérêt politique et que, s'il a vocation à régir l'organisation institutionnelle communautaire, il est fortement conditionné par son évolutionThe principle of the institutional balance is the keystone of a system in constant evolution. Inspired from the theory of the separation of powers, it distinguishes owing to the fact that its function is not to guarantee a strict distribution of powers between institutions, but to protect a balance between supranational and intergovernmental logics. It results an atypical distribution of competences, which this principle symbolizes, the purpose of which is to regulate the relationship between the institutions in the exercice of their respective powers. Very quickly this balance develops in favor of an intergovernmental process, and it is only with the treaty of Maastricht that a rebalancing of the inter-institutional relations occurs. The institutional balance reverses thus, and shows that it is subjected to the importance given to such or such political interest and that, if it has vocation to govern the Community institutional organization, it is strongly conditioned by its evolution
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Vincent, Schneider Robert J. "Vincenti Belvacensis De morali principis institutione." Turnholti : Brepols, 1995. http://catalog.hathitrust.org/api/volumes/oclc/32647198.html.
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Nieżychowski, Maciej. "The institution of bridewealth and making of Tswana marriage." Theological Research Exchange Network (TREN), 1997. http://www.tren.com.
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Yuksel, Hasan Zafer. "Does Investment Horizon Matter? Disentangling the Effect of Institutional Herding on Stock Prices." Diss., The University of Arizona, 2012. http://hdl.handle.net/10150/232474.
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Existing studies document that institutional herding has a stabilizing effect on stock prices, as stock returns are positively correlated with herding over one- to three-quarter horizons. The literature also shows that short-term institutions are better informed than long-term institutions. Motivated by heterogeneity in the level of informed trading between short-term and long-term institutions, this study disentangles the herding effect of short-term and long-term institutions on stock prices. Our results show that herding by short-term institutions promotes price discovery. In contrast, herding by long-term institutions drives stock prices away from fundamentals. Taken together, our findings suggest that the stabilizing effect documented in the existing literature is mainly driven by short-term institutions, and herding by long-term institutions has a destabilizing effect on stock prices.
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Flandrois, Isabelle. "L'institution du prince au début du XVIIème siècle." Paris 4, 1991. http://www.theses.fr/1991PA040071.
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A partir d'un corpus de textes reste inexploité, on tente de donner une définition de l'idée d'institution du prince, au tout début du dix-septième siècle. Il s'agit tout d'abord d'identifier les auteurs et de les replacer dans la tradition, en mettant en évidence ce qu'ils doivent au Moyen Age, mais également à l'humanisme de la Renaissance ainsi qu'à Machiavel. Le corpus théorique, limité aux textes qui ont une intention éducative manifeste, est confronté à un autre document, très révélateur des conditions mentales dans lesquelles s'effectue l'éducation du Prince: le journal de Jean Héroard, premier médecin du dauphin fils d'Henri IV. Ainsi peut-on mettre en évidence les rapports entre morale et politique, tels qu'ils sont conçus par les auteurs de l'institution du prince, et le rôle réel que joue cette littérature spécialeEssay on political and educational unknown literature at the beginning of the seventeenth century, in France. By confrontation of theoretical treatises and the diary of Jean Héroard, physician of the young son of Henri the fourth, we can see what is the thought of the education of the prince. Influenced by middle ages treatises, and also by Erasmus and Machiavelli, the authors of the beginning of the seventeenth century try to define relations between politics and moralities
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Guitard-Morel, Josiane. "La relation éducative au cours du XVIIIème siècle." Thesis, Dijon, 2013. http://www.theses.fr/2013DIJOL017/document.
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Du collège d'Ancien Régime tel qu'il est reconsidéré dans le Traité des études de Charles Rollin en 1726 à l'éducation familiale consentie aux enfants d'Almane dans Adèle et Théodore (1782) de Stéphanie de Genlis en passant par l'anthropologie éducative, Émile ou de l’Éducation (1762) de Rousseau et l'institution princière du Cours d'étude (1776) selon Condillac, les écrits d'éducation du XVIIIe siècle semblent avoir réservé une part importante à la relation éducative. De fait, le rapport établi entre maître et disciple pose question dans un monde en pleine effervescence intellectuelle où l'idée de perfectibilité humaine s'empare des esprits. Le corpus établi forme un ensemble de modalités éducatives variées, oscillant entre éducation domestique et éducation publique puis entre vision idéale et représentation d’une certaine réalité dans une société qui manifeste un intérêt renouvelé pour le monde de l'enfance et de la famille. Ainsi, on cherche à comprendre la qualité et la nature du lien établi entre maître et disciple et à inscrire sa conception dans les champs des savoirs et de leur transmission. On tente avant tout d'examiner comment s'édifie la pensée pédagogique au cours du XVIIIe siècle. La réflexion, souvent conduite par des lettrés extérieurs au monde éducatif, se fonde sur des aspirations et valeurs généralement controversées, tantôt nouvelles tantôt tirant leur légitimité d'un héritage ancien christianisé. Puis est abordé le contrat éducatif du collège noué dans la relation éducative selon Charles Rollin. Le discours pédagogique du Traité des études évoque les idées de reconnaissance et d’élévation du maître dans le respect du caractère et de l'authenticité de l'élève. Se dévoile alors un lien d’âme nourri de pouvoir et d'affection, proche du concept de filiation. Suit une étude de la relation éducative dans les variables du préceptorat. Si Rousseau entend conduire Émile à l'état d'homme dans une rêverie prométhéenne où dominent l'être et la reconnaissance de l'altérité, Condillac rejette toute immédiateté éducative pour Ferdinand de Parme. Cette relation éducative, conçue au nom de l'idéal pédagogique des Lumières, pour former un prince éclairé, interdit la rencontre humaine du gouverneur et de son disciple. Enfin, follement éprise de l'idée d'éducation, Genlis met en lumière toute l'ambivalence du lien éducatif confiné au microcosme familial. Là rien n'est jamais laissé au hasard et la passion d'éduquer consume l'individu en devenir. Les différentes formes de relations éducatives qui apparaissent dans les écrits de Rollin, Rousseau, Condillac et Genlis font poindre l'idée neuve, dès le XVIIIe siècle, qu'est nécessaire une liaison particulière entre maître et élève pour que s'épanouisse toute situation d’éducation18th century writing on education seems to give an important place to the relationship between master and pupil.This is first seen in the way the Ancien Regime school is discussed in 1726 in Charles Rollin’s Traité des études, also in the educational anthropology in Rousseau’s Émile ou de l’Éducation (1762) and the royal institution in Condillac’s Cours d’étude (1776) ; and finally in the upbringing, home education Alman’s children receive in Stéphanie de Genlis’ Adèle et Théodore (1782). Indeed, the relationship between master and pupil raises several questions at this time of intellectual ferment, when minds were filled with ideas of man’s perfectibility. Our corpus brings together various educational modalities, shifting between home education and public education, and between an idealized vision and the representation of a social reality with people taking a new interest in childhood and the family. So we have striven to grasp the quality and the nature of the bond between master and pupil, and to see how knowledge is gained and transmitted in this relationship. First, we attempt to examine how educational thinking develops in the 18th century. It is often scholars who do not belong to the world of education who are involved in this thinking, which is based on generally controversial aspirations and values, some of which are new, and some of which stem from an old Christian heritage. The next aspect tackled is the way Charles Rollin sees the educational relationship in the school educational contract. The approach to education discussed in Traité des études puts forward the idea that a master gains recognition and grandeur in respecting his pupil’s authentic character. In this instance, a spiritual bond is apparent, which is nurtured by affection and power and is thus close to the concept of filiation. Then we study the educational relationship in the light of the variable forms of tutorship. Rousseau intends to lead Emile to manhood in a Promethean daydream in which the human being and the recognition of otherness are dominant. On the other hand, Condillac rejects any idea of educational immediacy for Ferdinand de Parme. For him, if a prince is to be well-educated in accordance with the educational ideal of the Enlightenment, there should be no human dimension in the encounter between master and pupil. Finally, Genlis, who is so passionate about education, brings out the ambivalence present when the educational relationship is confined within the family unit. Here, nothing happens by chance, and the passion to educate prevents the pupil from growing and becoming an individual in his own right. In the 18th century, the different forms of educational relationship found in the writings of Rollin, Rousseau, Condillac and Genlis lead to a new idea emerging : a special bond is necessary between master and pupil for an educational situation to bear fruit
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Zhang, Jihong, and 張繼紅. "Land prices in transitional economies." Thesis, The University of Hong Kong (Pokfulam, Hong Kong), 2003. http://hub.hku.hk/bib/B3016865X.
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Dickson. "Institutions affecting integration between Chinese and international steel prices 1992-1996 /." Title page, table of contents and abstract only, 1998. http://web4.library.adelaide.edu.au/theses/09ECM/09ecmd554.pdf.
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Debbasch, Roland. "Le Principe révolutionnaire d'unité et d'indivisibilité de la République essai d'histoire politique /." Lille 3 : ANRT, 1988. http://catalogue.bnf.fr/ark:/12148/cb37604304j.
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Wu, Zheng. "Price discovery, ownership structure and portfolio diversification by investor categories." Thesis, The University of Sydney, 2019. http://hdl.handle.net/2123/21008.
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This thesis contains three stand-alone studies that relate to price discovery, ownership structure and portfolio diversification by investor categories. The first study uses a data set of 77 million trades from Finland to provide new market-wide evidence on which of the two dominant investor categories, foreign institutional or domestic retail investors, contributes most to price discovery. The study finds that foreign institutional investors dominate price discovery, and that the key factor that explains foreign institutions’ information contribution is buy and sell initiated trading volume. The second study offers a global view of what attracts international institutions to invest in corporations around the world. The study finds that institutional investors have a strong preference for stocks in larger firms with higher levels of foreign business operations with greater revenue and higher leverage. Institutions invest in firms in countries with a more volatile macroeconomic environment that operate under a common law system and have tax benefits on dividends. The presence of foreign institutions enhances shareholder value, and firms have better profitability and future growth opportunities. The third study shows that Finnish individual investors hold under-diversified portfolios. In particular, female investors are less diversified than male investors. The average diversification level improves over 20 years of data. The level of under-diversification is greater among younger, low income, less educated and less sophisticated investors. The level of under-diversification is correlated with investment choices that are consistent with overconfidence. As the level of diversification increases, both male and female investors’ performance measures increase.
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Frosteby, Martin, and Silviu Iliesiu. "Does herding among Swedish institutional investors stabilize or destabilize stock prices?" Thesis, Uppsala universitet, Företagsekonomiska institutionen, 2016. http://urn.kb.se/resolve?urn=urn:nbn:se:uu:diva-298134.
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Empirical findings on herding behavior among institutional investors suggest that those market participants speed up the price adjustment to new information and as such stabilize stock prices. Other findings indicate the opposite, that institutional herds drive stock prices away from fundamental values, and thus destabilize stock prices. This study examines the effect that Swedish institutional investors have on the stock prices on the Stockholm Stock Exchange. More precisely, we analyze the relationship of institutional herding with future excess stock returns. Major findings from this paper suggest that persistent herding among Swedish institutional investors leads to future long-term return reversals, which to some extent indicates a destabilizing influence at long horizons.
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Ruano, Lorena. "Institutions, the Common Agricultural Policy, and the European Community's enlargement to Spain, 1977-1986." Thesis, University of Oxford, 2001. http://ora.ox.ac.uk/objects/uuid:373a1b83-4ec7-4e81-b270-898729a5bafc.
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Why did EC enlargement negotiations with Spain take so long? This thesis argues that agricultural issues dominated negotiations despite the political and strategic aims of stabilizing Western Europe's southern flank that underpinned the raison d'être of this enlargement. The framework of Historical New Institutionalism is used to argue that several 'biases' operating at three levels account for the length and nature of these negotiations. At the first level, the 'bilateral' format of the negotiation procedure between Spain and the EC favoured existing EC members and protected the acquis communautaire. The Community's negotiating positions, as bargains in themselves, tended to be inflexible, and reduced Spain's input in the discussions and in the agenda-setting process. At the EC level, the CAP exhibited an unusual capacity to withstand the changes required by enlargement. This was because the EC's decisionmaking structure was fragmented into sectors and levels which allowed a closely knit 'policy community' to run the CAP in a way that was relatively insulated from other issue-areas. Change in the CAP occurred to cope with enlargement, but in a path-dependent way, passing the cost of adaptation on to Spain. At the national level, member states' so-called national interests with regard to enlargement were mixed, with no clear priority, and conflicting sectoral views. This resulted from the mechanisms of interest intermediation and inter-departmental co-ordination, which shaped the formulation and representation of national views in Brussels. Spain's accession was finally made possible when new redistributive policies for the Mediterranean and fresh budgetary resources were agreed. These were approved as part the wider package-deals surrounding the Single Market project and the Single European Act. HNI provides a new and persuasive framework with which to understand the difficulties of institutional change associated with enlargement negotiations.
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Luo, Yan, and 罗妍. "Three essays on noise and institutional trading." Thesis, The University of Hong Kong (Pokfulam, Hong Kong), 2010. http://hub.hku.hk/bib/B44549246.
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Wenlan, Zhang. "Essays on overlapping institutional investors along a supplier: customer relationship." HKBU Institutional Repository, 2014. https://repository.hkbu.edu.hk/etd_oa/80.
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This study consists of two essays. In the first essay, I examine whether the overlap in institutional investors between the supplier and its customer can be an efficient monitoring mechanism in the product market. Using a large sample of supplier–customer relationships for the period 1980–2011, I provide the following evidence. First, a high level of overlapping institutional ownership mitigates the adverse effect of asymmetric interdependence between supplier and customer on their firm performance. Second, relationship-specific investments and partnership duration are identified as underlying channels through which overlapping institutional ownership mitigates the adverse effect of asymmetric interdependence on partners’ performance. Third, overlapping institutional ownership is negatively associated with accounts receivable when the supplier is more financially constrained than the customer, suggesting that overlapping institutional ownership improves the efficiency of trade credit allocation. These findings survive out of a series of robustness checks. The findings of this study highlight that the overlap in institutional investors between supplier and customer plays as an efficient monitoring mechanism in the product market. In the second essay, I examine the informational role of overlapping transient institutional investors who hold stocks of both the firm and its customers in disseminating customer information to the firm’s bond market and document four findings. First, I find that overlapping transient institutional ownership significantly alleviates the prediction of lagged customer-portfolio bond returns to supplier bond returns even after controlling for the interaction effect between stock market and bond market. This finding survives out of a series of robustness checks. The alleviation effect is more pronounced for firms with high customer concentration and low customer industry competition, or with non-investment grade. Second, I find that overlapping transient institutional ownership represents more than a mere proxy for investor attention and leads to information advantage over overlapping institutional bondholders. Third, I find that current customer-portfolio return is significantly associated with the trading volume of overlapping transient institutional investors in the bond market, suggesting that overlapping transient institutional investors indeed take customer information into account when they trade bonds of suppliers. Fourth, I examine the real effect of customer information on bondholders and find that customer bond return is significantly related to the supplier’s future operating performance, which is an important predictor of credit risk. Overall, my results show that overlapping transient institutional shareholders take economically linked information into account when they trade in the bond market and improve the informativeness of bond price. Keywords: supplier–customer relationships, overlapping institutional investors, monitoring mechanism, bond price informativeness
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Steele, Patricia E. "The effect of state merit-based financial aid on college price an analysis of Florida postsecondary institutions /." College Park, Md. : University of Maryland, 2007. http://hdl.handle.net/1903/7203.
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Thesis (Ph. D.) -- University of Maryland, College Park, 2007.Thesis research directed by: Education Policy, and Leadership. Title from t.p. of PDF. Includes bibliographical references. Published by UMI Dissertation Services, Ann Arbor, Mich. Also available in paper.
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Ben, slimane Mehdi. "Investissements directs étrangers et sécurité alimentaire dans les pays en développement." Thesis, Rennes, Agrocampus Ouest, 2016. http://www.theses.fr/2016NSARE042/document.
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Les pays en développement (PED) enregistrent un taux de croissance démographique particulièrement élevé et une forte demande alimentaire. Par ailleurs, l’investissement direct étranger (IDE) est au centre des politiques d’investissement de ces pays. Les PED attirent l’IDE pour améliorer la croissance économique. Cette vision optimiste est contredite par des effets négatifs sur leur économies. En se basant sur trois facteurs que nous jugeons très importants pour la sécurité alimentaire (SA) : la production agricole, la qualité institutionnelle et la dépendance en importation alimentaires, nous investiguons les effets de l’IDE sur la SA.Les résultats montrent que l’IDE agricole améliore la SA et l’IDE secondaire améliore la production agricole grâce au transfert technologique et du savoir-faire avec des effets nuisibles qui peuvent apparaitre comme la pollution de l’environnement. L’IDE tertiaire a tendance à baisser la main d’œuvre dans l’agriculture et à augmenter la demande alimentaire dans les zones urbaines. En ajoutant l’institution locales à l’analyse, les résultats montrent qu’à partir de certains seuils de qualité institutionnelle, l’IDE primaire et secondaire améliorent la SA. L’intérêt des PED est d’améliorer leur qualité institutionnelle et de cibler l’attraction de l’IDEDeveloping countries (DCs) have a high population growth and food demand. Moreover, foreign direct investment (FDI) is in the heart of investment policy. DCs attract FDI to improve their economic growth. This optimistic view is contradicted by negative effects on their economies. We based our analysis on three important factors: agricultural production, institutional quality and the food import dependency, we investigate the effects of desegregated and aggregated FDI on the food security. The results show that agricultural FDI improves food security and secondary FDI improves agricultural production through technology transfer and know-how with harmful effects that may occur as the environmental pollution.The tertiary IDE tends to decrease labor in agriculture and increasing food demand in urban areas. By adding the local institution to the analysis, the results show that from certain institutional quality thresholds, primary and secondary IDE improves food security. Our recommendation is that DCs has the interest to improve their institutional quality and targeting the attraction of FDI. Finally, aggregated FDI tends to deteriorate the ability to import food in countries with low and lower middle income. These countries have an interest to attract export-oriented FDI
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Debbasch, Roland. "Le principe révolutionnaire d'unité et d'indivisibilité de la république : essai d'histoire politique." Aix-Marseille 3, 1987. http://www.theses.fr/1987AIX32052.
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Le principe d'unite et d'indivisibilite de la republique constitue l'une des bases essentielles de la constitution francaise. Il est l'heritier d'une vieille tradition monarchique, mais c'est la revolution francaise qui lui a donne sa forme et sa consistance actuelles. L'histoire de ce principe revolutionnaire n'avait jusqu'alors jamais ete realisee. Tel est l'objet de la presente these. Centree sur la periode revolutionnaire, elle prend egalement en compte les apports des periodes suivantes et s'efforce de mettre la methode historique au service de l'explication et de l'approfondissement du droit positif. Apres avoir alimente la lutte entre girondins et jacobins, le principe d'unite et d'indivisibilite s'est maintenu a travers une longue succession de regimes. Il constitue un element permanent du discours politique et de l'edifice juridique. En depit de quelques modifications constitutionnelles, il demeure aujourd'hui fidelement attache a ses origines revolutionnaires. Impliquant l'unite de la souverainete et celle du territoire, il se revele riche de consequences sur l'ensemble de notre droit publicThe principle of a one and indivisible republic constitutes one of mainstays of the french constitution. It is the heritage of a long monarchic tradition but it was the french revolution that did give it its present form and consistency. A history of this revolutionary principle had, so far, never been achieved. Such was the object of the present thesis. Mainly focused upon the revolutionary period, it also takes into account the contributions of the following periods and endeavours to have the historical method applied to the appreciation and investigation of positive law. After providing fuel to the conflict between the girondins and the jacobins, the principle of this one and indivisible character was maintained through a long succession of political regimes. It constitutes a permanent element of the political discourse and of the juridical structure. In spite of a few constitutional changes it remains today faithfully linked to its revolutionary origins. Involving the unity of the sovereignty and that of the country, it evinces a wealth of consequences on the whole of our public law
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Zhang, Jie. "An analysis of the tuition price elasticity of international undergraduates at four-year institutions in the United States." Thesis, University of Missouri - Columbia, 2017. http://pqdtopen.proquest.com/#viewpdf?dispub=10157766.
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The purpose of this study is to examine how out-of-state tuition and fees affects international undergraduate enrollment at U.S. four-year institutions. This study adopts the student demand theory as the theoretical framework to guide the quantitative design of the research. The data source was the Delta Cost Project version of IPEDS. The dependent variable of this study was the total number of international undergraduate enrollment at a four-year institution. The key independent variable was the out-of-state tuition and fees charged by an institution. Additionally, three vectors of variables for measuring the quality of institutional inputs, process, and outputs respectively were added as controls. Analytically, fixed effects regression was conducted to both a full sample data range from 1991 to 2010 and a shorter sample focused on the specific period of 2005-2010. The results of this study suggest international undergraduate students are generally inelastic to the changes of tuition and fees during the last two decades (1991- 2010), but tend to become less inelastic in recent years (2005-2010). However, this general inelastic relationship between international undergraduate enrollment and tuition and fees can vary significantly across different institution types. The findings of this study have important implications to student demand theory, institutional policy-making and future research.
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Lo, Chun Yin. "The Effect of Institutional Shareholding on the Informational Efficiency of Stock Prices: Evidence from the Hang Seng Index." Scholarship @ Claremont, 2015. http://scholarship.claremont.edu/cmc_theses/1029.
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This paper uses survey data by the Hong Kong Stock Exchange (HKEx) from 1991-2013 to test the role that institutional ownership has on the relative informational efficiency of stock prices in the Hang Seng Index, using the R2 of stock prices as a measurement of efficiency. This paper finds that on the aggregate level, the presence of institutional ownership is positively associated with R2, reflecting a negative effect on the level of information incorporated into stock prices. However, in isolating foreign institutions, the relationship with R2 reverses, and I find a positive correlation with the informational efficiency of stock prices. Moreover, this paper finds that a period characterized by high growth in institutional shareholding does not necessarily correspond to a greater level of improvement in the informational environment of stock markets. The results however, lack significance, perhaps due to the shortcomings of the survey data which is limited to 21 annual observations when incorporating a t-1 year lag. With more observations we would expect a substantial increase in the significance of the coefficient on our explanatory variables.
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Choy, Hung-tat Lennon, and 蔡鴻達. "Pricing under information asymmetry: an analysis of the housing presale market from the new institutionaleconomics perspective." Thesis, The University of Hong Kong (Pokfulam, Hong Kong), 2007. http://hub.hku.hk/bib/B37908133.
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The Best PhD Thesis in the Faculties of Architecture, Arts, Business & Economics, Education, Law and Social Sciences (University of Hong Kong), Li Ka Shing Prize, 2006-2007.published_or_final_version
abstract
Real Estate and Construction
Doctoral
Doctor of Philosophy
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Mokbel, Rita. "Systemic risk in financial economic institutions." Thesis, Besançon, 2016. http://www.theses.fr/2016BESA2080.
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Les crises financières et les problèmes se formaient mais les indicateurs ne sont pas précis pour permettre une intervention réglementaire. La thèse propose un modèle dynamique pour le système bancaire avec une banque centrale afin de calculer un indicateur de faillite en fonction de la probabilité qu'une banque soit en faillite et les pertes rencontrées dans le réseau financier, une méthodologie qui peut améliorer la mesure, le suivi et la gestion du risque systémique.La thèse propose également des mécanismes de compensation : 1- avec un modèle considérant l'ancienneté du passif et avec un type d'actif liquide dont la vente excessive conduit à un impact sur le marché, 2 - avec un modèle considérant les participations croisées entres les banques dont les engagements interbancaires sont de différentes séniorités et avec un type d'actif liquide dont la vente excessive conduit à un impact sur le marchéFinancial crisis pose important theoretical problems on creating reliable indicator of stability of financial systems on which basis the regulators could intervene. The thesis proposes a dynamic model of banking system were the central bank can calculate an indicator of potential defaults taking into consideration the probability for a bank to default and the losses encountered in the financial network, a methodology that can improve the measurement, monitoring, and the management of the systemic risk. The thesis also suggests a clearing mechanisms : 1- in a model with seniority of liabilities and one type of liquid asset whose fire sale has a market impact, 2 - in a model with crossholdings among the banks whose interbank liabilities may be senior and junior and with one liquid asset whose firing sale has a market impact
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Magee, Edward. "The net prices of attendance at public institutions of higher learning and their relationships to family incomes." Morgantown, W. Va. : [West Virginia University Libraries], 2009. http://hdl.handle.net/10450/10164.
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Thesis (Ed. D.)--West Virginia University, 2009.Title from document title page. Document formatted into pages; contains x, 369 p. : ill. (some col.). Includes abstract. Includes bibliographical references (p. 316-318).
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Hernandez, Jose Carlos. "Student price response the effect of tuition deregulation in Texas on student enrollment trends in Texas public institutions of higher education /." To access this resource online via ProQuest Dissertations and Theses @ UTEP, 2009. http://0-proquest.umi.com.lib.utep.edu/login?COPT=REJTPTU0YmImSU5UPTAmVkVSPTI=&clientId=2515.
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Khalid, Haniza. "An econometric analysis of the effects of institutions and economic transformation on agricultural land prices : case of Malaysia." Thesis, University of Nottingham, 2011. http://eprints.nottingham.ac.uk/12252/.
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This thesis seeks to investigate key drivers of the agricultural land market in a country undergoing economic structural transformation. The Ricardian land price model is extended to reflect different scenarios with regards to flexibility of land supply and competition for alternative uses for land. In addition, the study examined various non-market influences on price: (i) state intervention to determine and stabilise land supply for competing uses; (ii) transaction costs in land exchange and utilisation, and (iii) imperfect market competition arising from excess surplus situations and differences in buyer and seller characteristics. Their impacts on the agricultural land market are described via an estimation of a hedonic price model using parcel-level data (n = 2222) taken from a period of 7 years for four states in the Central West coast of Peninsular Malaysia. The data covers agricultural land with and without strong development potential. The latter comprise of land with continued oil palm, rice, rubber cultivation potentials. An additional category is vacant or idled agricultural land with relative small development potential. Results show that estimated coefficients of all land attributes in the model (road frontage, proximity to urban centres, population growth, land restrictions and year of sale) are significant. However their individual implicit value differs across different land categories. The spatial econometrics exercise was inconclusive in identifying the type and degree of spatial bias present in the data. The effect of economic transformation and expectations in the economy is further examined via a moving correlation analysis using hedonic price indexes constructed from a longer set of sales data (15 years). Price of farmland with clear development potential appears to correlate positively with value and volatility of development rent (which is proxied by the stock market property index), while price of farmland with pure agricultural potential is correlated with value and volatility of agricultural rent (proxied by the stock market plantation index).
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Woolverton, Andrea Elizabeth. "Institutional effects on grain producer price-risk management behavior a comparative study across the United States and South Africa /." Diss., Columbia, Mo. : University of Missouri-Columbia, 2007. http://hdl.handle.net/10355/4735.
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Thesis (Ph. D.)--University of Missouri-Columbia, 2007.The entire dissertation/thesis text is included in the research.pdf file; the official abstract appears in the short.pdf file (which also appears in the research.pdf); a non-technical general description, or public abstract, appears in the public.pdf file. Title from title screen of research.pdf file (viewed on December 18, 2007) Vita. Includes bibliographical references.
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Le, Bot Fabien. "Le principe de l'équilibre institutionnel en droit de l'Union européenne." Thesis, Paris 2, 2012. http://www.theses.fr/2012PA020107.
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Le principe de l’équilibre institutionnel a été utilisé par la Cour de justice depuis les origines de la construction européenne afin de réguler la répartition des pouvoirs entre les institutions des Communautés européennes puis de l’Union européenne. Cette thèse vise à établir une définition du principe en identifiant ses éléments constitutifs. La détermination de son champ d’application, tant matériel qu’organique, et de ses fonctions dans la jurisprudence permet d’y voir un principe général du droit s’appliquant à l’ensemble des institutions et organes de l’Union dotés d’un pouvoir de décision. Principe structurel, l’équilibre institutionnel garantit les éléments fondamentaux du système institutionnel de l’Union européenne, en particulier l’indépendance organique et la collaboration fonctionnelle des institutions. Il ne constitue pourtant pas un frein à l’évolution du système. Utilisé dans un nombre limité d’affaires, le principe pourrait être exploité de façon plus systématique par la Cour de justice. En tant qu’élément structurant de l’organisation horizontale des pouvoirs, il donne une clé de compréhension du système institutionnel de l’Union et de ses évolutions. Il pourrait s’appliquer à des problématiques nouvelles issues notamment du traité de Lisbonne, telles que la délimitation entre actes législatifs, actes délégués et actes d’exécution. Apte à appréhender l’ensemble des rapports de pouvoir entre institutions, le principe de l’équilibre institutionnel,entendu dans un rapport de compatibilité avec le principe de séparation des pouvoirs, pourrait constituer un fondement théorique du régime politique de l’Union européenneThe principle of institutional balance has been used by the European Court of Justice in order to solve conflicts between European institutions about the distribution of powers. This dissertation elaborates a legal definition of the principle. This first includes an approach of its scope of application. The study of the functions of institutional balance in the Court’s caselaw allows understanding the normative impact of this principle. It is a general principle of law which applies to all institutions and organs having a role in the decision-making procedures established by the Treaties. As a structural principle, institutional balance is useful to understand the institutional system of the EU as a whole. It could be used by the Court in amore systematic way and applied to new issues of institutional law, brought for instance by the Lisbon Treaty. The new distinction between legislative acts, delegated acts and executive acts offers new grounds for legal hostilities that the principle could help to solve. As a general institutional principle, institutional balance can be compared to the principle of separation of powers and understood as a founding principle of the European Union political regime
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Santos, Yona dos. "Dom Sebastião antes do sebastianismo: pensamento político português humanista no De Regis Institutione et Disciplina de Jeronimo Osório." Universidade de São Paulo, 2009. http://www.teses.usp.br/teses/disponiveis/8/8131/tde-11082009-144132/.
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Sob a análise de uma obra escrita em 1572, o De Regis Institutione et Disciplina, e de um contexto histórico-politico crucial para a Dinastia de Avis, nos referimos aqui ao segundo quartel do século XVI, este trabalho tem como propósito esboçar o pensamento político humanista de Jerónimo Osório. Partindo do pressuposto que os fatos históricos, não são meramente ilustrativos, mas se entrecruzam com as idéias políticas, primeiramente enfocaremos como Osório pensava algumas questões que marcaram o reinado de D. Sebastião, como por exemplo: a Batalha em Alcácer Quibir, a necessidade do casamento do Rei e a sua educação ministrada pelo Padre Gonçalves da Câmara. Em segundo lugar, esboçaremos o seu pensamento político abordando temas como: o ofício do Rei, a melhor forma de governo e a ação dos aduladores. Na relação entre pedagogia e política, esboçaremos o seu modelo de príncipe cristão, pertencente ao gênero dos espelhos de príncipes, através das disciplinas necessárias para a educação do Rei.Based in a work written in 1572, the De Regis Institutione et Disciplina, and in a historic and politic context that is decisive to the Avis Dynasty, we refer here to the second period of the 16th century. This works objective is to plan the humanist political thought of Jeronimo Osório. By the purpose that the historic facts will not be just an illustration, but a meeting with political ideas, first of all we will discuss about how Osório thought about some point that determined the reign of Dom Sebastião, as for example, the battle in Alcácer Quibir, the need of the kings marriage and his education, which the priest Gonçalvez da Câmara was responsible. Secondly, we will plan his political though, talking about themes like the kings function and the best governing form and the actions of the kings adulators. In the pedagogy and political relation, we will plan the Christian princes model, concerning the princes mirror, by subjects which were necessary to the kings education.
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Blalock, James Gaddis III. "Postsecondary Institutional Use of a Yearly Academic Quality Improvement Program and Its Relationship with Enrollment Price and Student Persistence through Graduation." Thesis, The George Washington University, 2018. http://pqdtopen.proquest.com/#viewpdf?dispub=10785222.
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To address the issues of affordability and student persistence through graduation, some institutions of higher education have embraced the Malcolm Baldrige National Quality Award (MBNQA) program. The fact that several of these institutions have subsequently shown improvements in affordability and student retention suggests that other colleges and universities that have adopted the Baldrige framework or a Baldrige style approach to institutional management may also be making improvements in the same institutional outcomes. However, to date, little research has been conducted to measure whether these institutions are improving in affordability and retention. To help close this gap in research, the present study investigated to what extent participating in a Malcolm Baldrige National Quality Award (MBNQA) based program improves affordability and degree completion. The study’s four research questions asked whether an institution’s participation in a MBNQA-based program was associated with the institution’s first-year, full-time, degree/credential-seeking undergraduate students’ (a) net enrollment cost, (b) student debt, (c) the likelihood of degree completion, and (d) the institution’s educational expense per degree.
Data for the period 2000 to 2013 were gathered for 870 colleges and universities accredited by the Higher Learning Commission. Of these institutions, 167 AQIP/Baldrige-participating institutions were compared by regression analysis to 703 non-participating institutions concerning several dependent variables related to student costs or student retention and graduation.
After controlling for year, institutional characteristics, and student demographics, results indicated that an institution’s participation in a MBNQA based program was associated with lower in-state tuition and fees (-$187), decreased student first-year student retention (-1.1%), increased student persistence (.9%), and decreased 150% graduation rates (-2.1%) or students graduating on or before 3yrs for 2-year intuitions and 4yrs for 4-year institutions. However, MBNQA based program participation was not statistically significantly associated with out-of-state tuition and fees, percentage of students receiving loans, average student loan amount, and institutional expense per degree.
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Jeanclaude, Catherine. "Le principe de la séparation des pouvoirs en Russie : théorie et pratique de 1990 à 2005." Paris, Institut d'études politiques, 2006. http://www.theses.fr/2006IEPP0031.
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La thèse a pour objectif de chercher si la reconnaissance du principe de la séparation des pouvoirs en Russie a permis de faire avancer les réformes vers l'Etat de droit et l'économie de marché. La première partie consacrée à la reconnaissance formelle du principe de la séparation des pouvoirs en Russie a pour objectif d’étudier le rôle de l’un des principes fondamentaux de la théorie libérale de l’Etat - le principe de la séparation des pouvoirs - dans la construction de l’Etat russe. Pour ce faire, nous avons étudié les principaux amendements à la Constitution brejnévienne de 1977 et les principales étapes des réformes constitutionnelles russes de 1990 à 1993. Cela nous a conduit à analyser les causes politiques et juridiques de la crise constitutionnelle entre le pouvoir exécutif et législatif dans les années 1992-1993, à étudier la définition du principe de la séparation des pouvoirs dans la Constitution de la Fédération de Russie du 12 décembre 1993 et son application dans l’élaboration de plusieurs articles de même que l’influence des constitutions étrangères ( françaises et américaines ) et des normes du Conseil de l’Europe dans les travaux préparatoires à l’adoption de la constitution de 1993. La seconde partie consacrée au renforcement du pouvoir présidentiel nous a conduit à étudier l’exercice du pouvoir dans la Fédération de Russie depuis l’adoption de la Constitution au niveau des mécanismes de formation des organes du pouvoir d’Etat et au niveau de l’élaboration de la législationThe aim of the thesis is to find out if the recognition of the power separations principle in Russia allowed to promote reforms toward a law State and market economy. The first part, dedicated to the formal recognition of power separations principle, targets to study the fundamental principles of the State liberal theory - the principle of power separations - in the construction of the russian State. In order to do that, we studied the main amendments to the brejnevian 1977 Constitution and the main steps of russian constitutional reforms between 1990 and 1993. This leads us to analyse the causes of political and juridical constitutional crisis between executive and legislative powers in the years 1992-1993, to study the definition of the power separations principle in the Constitution of the Russian Federation of the 12 december 1993 and its application in the elaboration of some articles as well as the influence of foreign constitutions ( french and American ) and of the European Council norms in the preparatory works to the adoption of the 1993 constitution. The second part is dedicated to the enforcement of presidential power, leads us to study the power exercice in the Russian Federation since the Constitution adoption at the level of the formation mecanisms of State power organisms and at the level of the law elaboration
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Costa, Diulinda Pavão. "O CENÁRIO EDUCACIONAL NA PRINCESA DA BAIXADA (1920-1960)." Universidade Federal do Maranhão, 2012. http://tedebc.ufma.br:8080/jspui/handle/tede/222.
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Previous issue date: 2012-08-30Study of the educational institutions, the level of education offered, practices and subjects, which, in diverse time and places have contributed to the process of education in Pinheiro, State of Maranhao, between 1920 and 1960. Is adopted as procedure methodological research literature using a theoretical studies of Dallabrida (2007, 2009), Horta (1994), Souza (1998, 2004, 2008) and others. Os estudos de Martina (1996) and others, who provided subsides to understanding the changes that occur in Catholic Church history and the role played by the Church in education Field. As the of Castro (2007), Coutinho (2005), Fernandes (2003), Motta (2006), Rodrigues (1993) and Saldanha (2008) also contributed to understanding of polical and cultural history of educacional in Maranhão. Was use of the work of Alvim (2006), Gomes (2004), Leite (2000, 2006), Soares (2006) and Viveiros (2007) on the sociopolitical and economical city of Pinheiro. Extensive use is also the document analysis in which the newspaper Cidade de Pinheiro constituted the main document for the organization on the History of Education of the city, along with analysis of the educational legislation, messages, government publications, education regulations. Spear hand to the internal regulations, disciplines schedules, serial ata, employee and students framework, student‟s grade, reports, tumble book and photographs. Use has been made in this walk, Oral History the subjects who experienced the process of schoolling, as students, faculy and staff who, through their memories contributed to the reconstruction of past educational institutions. It appears pinheirense different ways of schooling, being this fact related to the places from which these institutions were organized and the involvement of actors who participated in this process. It is noticed that the school as a producer of its own culture, a historically specific moment, in which subjects have appropriated this cultural environment and reelaboraram in their daily lives, producing social and educational practices in different ways. It is concluded that the current process of schooling in the city went through situations of advances and setbacks, and was contibuted by various social actors who significantly contributed to the formation of youth in the city.
Estudo acerca das instituições escolares, o grau de ensino oferecido, as práticas e os sujeitos, que em tempos e lugares diversos contribuíram para o processo de escolarização de Pinheiro, Estado do Maranhão, no período de 1920 a 1960. Adota-se como procedimentos metodológicos a pesquisa bibliográfica utilizando um referencial teórico os estudos de Dallabrida (2007, 2009), Horta (1994), Souza (1998, 2004, 2008) e outros. Os estudos de Martina (2001), De Certeau (2008), Burke (2005) e outros forneceram subsídios para o entendimento das mudanças ocorridas na História da Igreja Católica e o papel por ela desempenhado no campo educacional, enquanto as interpretações de Castro (2007), Coutinho (2005), Fernandes (2003), Motta (2006), Rodrigues (1993) e Saldanha (2008) contribuíram para o entendimento dos aspectos políticos e culturais sobre a história da educação maranhense. Fez-se uso dos trabalhos realizados por Alvim (2006), Gomes (2004), Leite (2000, 2006), Soares (2006) e Viveiros (2007) sobre o contexto sociopolítico e econômico do município de Pinheiro. Recorre-se também à análise documental em que o jornal Cidade de Pinheiro se constituiu o principal documento para a tessitura da História da Educação da cidade, juntamente com a análise da legislação educacional, mensagens, publicações governamentais, regulamentos de ensino. Lança-se mão dos regimentos internos, programa das disciplinas, ata de matrícula, quadro demonstrativo de funcionários e alunos, nota dos discentes, relatórios, livro de tombo e fotografias. Fez-se uso, neste caminhar, da História Oral tendo como sujeitos aqueles que vivenciaram o processo de escolarização, como alunos, professores e funcionários, que, através de suas memórias contribuíram para a reconstituição do passado das instituições de ensino. Constata-se diferenciadas maneiras de escolarização pinheirense, estando esse fato relacionado aos lugares a partir dos quais essas instituições foram organizadas e ao envolvimento dos atores que participaram desse processo. Percebe-se que a escola como produtora de uma cultura própria, num momento historicamente determinado, no qual os sujeitos se apropriaram deste ambiente cultural e o reelaboraram no seu cotidiano, produzindo práticas sociais e escolares de diferentes modos. Conclui-se que o processo de constituição da escolarização no município passou por situações de avanços e retrocessos e teve a contribuição de diversos atores sociais que colaboraram de forma significativa para a formação da juventude do município.
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Tayal, Jitendra. "Three Essays on Market Efficiency and Limits to Arbitrage." Diss., Virginia Tech, 2016. http://hdl.handle.net/10919/64985.
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This dissertation consists of three essays. The first essay focuses on idiosyncratic volatility as a primary arbitrage cost for short sellers. Previous studies document (i) negative abnormal returns for high relative short interest (RSI) stocks, and (ii) positive abnormal returns for low RSI stocks. We examine whether these market inefficiencies can be explained by arbitrage limitations, especially firms' idiosyncratic risk. Consistent with limits to arbitrage hypothesis, we document an abnormal return of -1.74% per month for high RSI stocks (>=95th percentile) with high idiosyncratic volatility. However, for similar level of high RSI, abnormal returns are economically and statistically insignificant for stocks with low idiosyncratic volatility. For stocks with low RSI, the returns are positively related to idiosyncratic volatility. These results imply that idiosyncratic risk is a potential reason for the inability of arbitrageurs to extract returns from high and low RSI portfolios.
The second essay investigates market efficiency in the absence of limits to arbitrage on short selling. Theoretical predictions and empirical results are ambiguous about the effect of short sale constraints on security prices. Since these constraints cannot be eliminated in equity markets, we use trades from futures markets where there is no distinction between short and long positions. With no external constraints on short positions, we document a weekend effect in futures markets which is a result of asymmetric risk between long and short positions around weekends. The premium is higher in periods of high volatility when short sellers are unwilling to accept higher levels of risk. On the other hand, riskiness of long positions does not seem to have a similar impact on prices.
The third essay studies investor behaviors that generate mispricing by examining relationship between stock price and future returns. Based on traditional finance theory, valuation should not depend on nominal stock prices. However, recent literature documents that preference of retail investors for low price stocks results in their overvaluation. Motivated by this preference, we re-examine the relationship between stock price and expected return for the entire U.S. stock market. We find that stock price and expected returns are positively related if price is not confounded with size. Results in this paper show that, controlled for size, high price stocks significantly outperform low price stocks by an abnormal 0.40% per month. This return premium is attributed to individual investors' preference for low price stocks. Consistent with costly arbitrage, the return differential between high and low price stocks is highest for the stocks which are difficulty to arbitrage. The results are robust to price cut-off of $5, and in different sub-periods.Ph. D.
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Côté, Sophie. "DE L'HOSPICE SAINT-THOMAS DE MONTMAGNY AU FOYER D'YOUVILLE, 1885-1971. Évolution de la charité comme principe moteur du fonctionnement d'une institution pour personnes âgées au Québec." Thesis, Université Laval, 2007. http://www.theses.ulaval.ca/2007/24933/24933.pdf.
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Ce mémoire étudie l’évolution de la charité comme principe moteur du fonctionnement d’une institution hébergeant des personnes âgées entre 1885 et 1971 à Montmagny, soit l’Hospice Saint-Thomas/Foyer d’Youville. Cette évolution est analysée à travers le rôle joué par les principaux acteurs que sont les résidants, le personnel, la communauté magnymontoise, l’État et le Service social de l’Enfance et de la Famille. Il montre que des phénomènes tels que l’affaiblissement de l’influence de l’Église catholique allant de pair avec l’intensification des interventions de l’État dans le champ du social, l’accélération de la laïcisation du personnel, la syndicalisation des employés et la disparition des interactions entre des membres de la communauté locale et les résidants des institutions affaiblissent progressivement le caractère charitable de l’institution magnymontoise de telle sorte que, en 1971, son fonctionnement ne se définit plus par son caractère charitable et ce, bien que certaines traces en subsistent encore.
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Côte, Sophie. "De l'Hospice Saint-Thomas de Montmagny au Foyer d'Youville, 1885-1971 : évolution de la charité comme principe moteur du fonctionnement d'une institution pour personnes âgées au Québec." Master's thesis, Université Laval, 2007. http://hdl.handle.net/20.500.11794/19719.
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Ce mémoire étudie l'évolution de la charité comme principe moteur du fonctionnement d'une institution hébergeant des personnes âgées entre 1885 et 1971 à Montmagny, soit l'Hospice Saint-Thomas/Foyer d'Youville. Cette évolution est analysée à travers le rôle joué par les principaux acteurs que sont les résidants, le personnel, la communauté magnymontoise, l'État et le Service social de l'Enfance et de la Famille. Il montre que des phénomènes tels que l'affaiblissement de l'influence de l'Église catholique allant de pair avec l'intensification des interventions de l'État dans le champ du social, l'accélération de la laïcisation du personnel, la syndicalisation des employés et la disparition des interactions entre des membres de la communauté locale et les résidants des institutions affaiblissent progressivement le caractère charitable de l'institution magnymontoise de telle sorte que, en 1971, son fonctionnement ne se définit plus par son caractère charitable et ce, bien que certaines traces en subsistent encore.
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Polito, Gabriele Maria. "Le principe de solidarité et la gestion des crises dans le secteur bancaire." Thesis, Strasbourg, 2017. http://www.theses.fr/2017STRAA006/document.
Full textAbstract:
Cette thèse est destinée à démontrer l’existence d’un principe de solidarité dans le cadre de l’Union bancaire européenne (UBE). Ce travail est divisé en trois chapitres. Le premier chapitre vise à retracer les différentes nuances qui caractérisent la sémantique du mot ‘solidarité’. Le deuxième chapitre est consacré à l’évaluation des dispositions des traités qui se réfèrent à la notion de solidarité. Le troisième chapitre analyse la façon dont le principe de solidarité est développé dans l’UBE. En conclusion, la thèse tente de prouver que dans ce nouveau cadre juridique européen, la « règle » continue d’être la non-solidarité; en revanche, l’ « exception » continue d’être la solidarité, comme cela a été confirmé par les nouveaux outils, qui pourraient être déclenchées par l’autorité compétente uniquement en présence de difficultés sérieuses dans le secteur bancaireThe thesis is intended to demonstrate the existence of a principle of solidarity in the European Banking Union (EBU). This work is divided into three chapters. The first chapter aims to retraces which are the various nuances that characterize the semantics of the word ‘solidarity’. The second chapter is devoted to the assessment of the provisions of the Treaties which refer to the concept of solidarity. The third chapter analyses how it is declined the principle of solidarity in the EBU, which has introduced innovative methods to manage the resolution of the banks in distress. In conclusion, the thesis tries to prove that also in this renewed EU legal framework, the ‘rule’ continues to be the non-solidarity; by contrast, the ‘exception’ continues to be the solidarity as confirmed by the new tools, which could be activated by the competent authority only in presence of serious difficulties in the banking sector
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Shu, Tao 1975. "Institutional trading and stock price efficiency." Thesis, 2007. http://hdl.handle.net/2152/3491.
Full textAbstract:
My dissertation finds that the effects of institutional trading on stock price efficiency are significant and complicated. On one hand, I present evidence that institutional trading in general improves price efficiency. In particular, major stock market anomalies such as stock return momentum, post earnings announcement drift, and the book-to-market effect are much stronger in stocks with lower institutional trading volume. On the other, some institutional trading behaviors could hamper stock price efficiency even though institutions are generally rational arbitrageurs. Specifically, I show that when institutions act as positive-feedback traders, their trading contributes to stock return momentum and hampers prices efficiency.
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HSU, HAO-CHUNG, and 許浩崇. "Impacts on Institutional Management, Service Quality, Care Risk and Price from the First-line Caregiver's Technical Examination Training: A Long-term Care Institution Managers’ Perspective." Thesis, 2017. http://ndltd.ncl.edu.tw/handle/3yce6d.
Full textAbstract:
碩士國立暨南國際大學
管理學院經營管理碩士學位學程碩士在職專班
105
The impact of the less child, that the family's care function gradually decline. Family care pressure is increasing,.and then associated with social and economic problems. Therefore long-term care needs increase. At present, under the long-term care system of our country, most long-term care institutions are independent individuals. Most information of the quality of long-term care institutions are unknown. This result in customers difficult to choose long- term care institutions . And managers are unable to prove the quality of long-term care institutions to customers. And customers can not assure that it is a right choice of long-term institutions. Long-term care institution managers are the main operators of long-term care institutions. And managers’ ability is highly correlated with its proper operation and management. However, the working quality of caregivers is the key factor of the quality of long-term care institutions. Therefore, we discuss the impact in institutional management, service quality, care risk and price by the first-line caregiver's technical examination training from Long-term Care Institution Managers’ Perspective. The result of the research that the first-line caregiver's technical examination training have impacts that are (1) the institutional management is positive and indirect impact; (2) the quality of service is positive and direct impact;(3) the risk control is positive and indirect impact; (4) service price is positive and indirect impact. According to the results of the research recommend to long-term care institution managers that must pay attention to caregiver's technology. And then providing the right and comfortable and safty care service is the important rule for sustainable development of long-term institutions.
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Chiang, Yi-Min, and 江逸民. "A Study of Institutional Investors’ Price-Fixing Model." Thesis, 2013. http://ndltd.ncl.edu.tw/handle/81070129622766169646.
Full textAbstract:
碩士朝陽科技大學
財務金融系碩士班
101
In recent years, Taiwan derivative instruments are fast developing. Appling Vector Autoregressive Model analysis, this study investigates whether Institutional Investors in Taiwan use derivative instruments transactions to manipulate TAIEX spot prices or simply hedge the risk. Twelve variables of weekly transaction data of futures and options markets from July 5, 2007 to December 26, 2012 are used as the sample of empirical study. Results show that Investment Trusts are likely to use derivatives as instruments for hedge, whereas Dealers and Foreign Capital trend to behavior herding together. In addition, evidence show that Foreign Capitals manipulate spot prices in order to make the profit of their derivatives positions come true.
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Chen, Tse-min, and 陳則旻. "A Research on the Co-movements Among Taiwanese Stock Price and Institution Investors." Thesis, 2011. http://ndltd.ncl.edu.tw/handle/32788785178100891994.
Full textAbstract:
碩士雲林科技大學
財務金融系碩士班
99
Abstract In this study , Vector Autoregression (VAR) on Taiwan stock price index, the three Institutional Investors, (foreign investors, mutual funds, dealers) trading volume and retail to explore their causal relationship .I classified the sample into rising trend and falling trend to explore whether there are different results. In sum, I find the Taiwanese Stock Price and Institutional Investors enjoy a strong relationship. I expect results of this study can give investors a better understanding of the characteristics between these variables and provide a reference for the investment strategies. Keywords: Taiwan Weighted Stock Index, foreign capital, investment trusts, dealers, retail, Vector Autoregression
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Chen, Po-Yu, and 陳柏妤. "The Effect of Successive Trading of Institutional Investors on Stock Price." Thesis, 2017. http://ndltd.ncl.edu.tw/handle/85052962216938572102.
Full textAbstract:
碩士國立中興大學
財務金融學系所
105
In this paper, we took Taiwan’s stock price data from 2007 to 2016 to ex-plore the impact on stock price by the successive buy-and-sell of institutional investors. The investment strategy in this paper is to buy and hold the stock af-ter institutional investors buy or sell it. And we divide the buy-and-hold period into 1 month, 1 season, 2 seasons, 3 seasons and 4 seasons. We discover that the return of selling is better than buying, and the returns of investment trusts are better than foreign investors and dealers. Of all the investment trust’s returns, we can see the highest return is to hold the stock for 1 month after investment trusts selling for a successive three weeks. While foreign investments’ returns are not as high as investment trust’s, they have the most stable returns. And we also discover that dealers selling strategy is less valuable.
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Yang, Ting-shan, and 楊婷珊. "Institutional investor and accounting information-price relation─Non-linear model application." Thesis, 2009. http://ndltd.ncl.edu.tw/handle/28498472903750677666.
Full textAbstract:
碩士國立中正大學
會計與資訊科技研究所
97
Prior research has been investigated the relationship between accounting information and stock price by the linear model. However, the linear model cannot evaluate accurately the above relationship. This paper follows Weiss et al. (2008) and employs the SIM model, which provides higher explanatory power and the outputs can easily interpret. This paper investigates if high institutional investors’ shareholdings would affect the relationship between accounting information and stock price. The empirical result shows that non-linear model will get higher explanatory power than linear model. Additionally, after I divide the sample into high and low institutional investors’ shareholdings, high institutional investors’ shareholding will enhance the explanatory power. This result implies that institutional investors can reduce the information asymmetry between general investors and managers due to its long-term orientation. Besides, compared to the firms with high institutional investors’ shareholdings, the firms with low institutional investors’ shareholdings can be observed the relationship between accounting information and stock price, if they are evaluated by non-linear model.
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Fan, Shin-Yun, and 范馨云. "Trading Price Advantages of Institutional and Individual Investors:Evidence of the Taiwan." Thesis, 2005. http://ndltd.ncl.edu.tw/handle/62710015497661458310.
Full textAbstract:
碩士國立東華大學
國際經濟研究所
93
Many previous papers, using the models of expected returns to compare the performances of institutional and individual investors, face the controls for risk. Literature observing that foreign investors perform better than domestic investor is suspicious because of the change in β’s. This paper follows Choe, Kho, and Stulz (2004) who use price ratios to review the performance of foreign investors in Korea Stock Exchange and find that foreign money managers have inferior prices in buy and sell. The results show that the prices of buy (sell) of foreign investor are between individual investor and domestic institutional investors. Considering the price ratios in different market states, this paper shows that higher prices of buy are due to the higher aggressiveness of foreign investors, and domestic institutional investors. When high market returns happen, the foreign investors act aggressively following a price-hike occurs while domestic institutional investors dump stocks. Keyword：price ratio, foreign investors, security investment trust companies, security dealers.
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Yeh, Chun-Cheng, and 葉春呈. "Stock Price Performance of Convertible Bond Issuers and Institutional Stock Holdings." Thesis, 2013. http://ndltd.ncl.edu.tw/handle/58646152847835785561.
Full textAbstract:
碩士國立高雄第一科技大學
金融研究所
101
This study examines the relationship between stock price performances of firms issuing convertible bond and institutional ownership during 2005-2011. We use different periods of time to examine 544 convertible debts, such as three months before pricing date, pricing to date issuing date period, issuing date to lock-out period and three months after lock-out period. The empirical results are as follows： 1.Stock returns before issuing date are significantly higher than those after issuing date. 2.Stock returns after issuing date are not significantly different from zero. 3.The institutional ownership during period of pricing to issuing date and issuing date to lock-out period is significantly higher than those during three months before pricing date and after lock-out period. 4.The institutional ownership in three months before pricing date and three months after lock-out period is not significantly different. 5.There is no evidence the stock price performances are able to be explained by changes of institutional ownership.
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KuoChih, Hung, and 洪國智. "Price Momentum and Institutional Ownership： Evidence from the Taiwan Stock Market." Thesis, 2011. http://ndltd.ncl.edu.tw/handle/86329640802773850835.
Full textAbstract:
碩士開南大學
財務金融學系
99
This paper examines how the price momentum strategies in Taiwan stock market between 2001 to 2010.We find that the price momentum strategies do not exist any profits in the whole Taiwan stock market .The higher institutional ownership groups that simulate the situation of American stock market also do not earn any profits in momentum strategies. But we find that momentum profits are positively and significantly related to institutional ownership. Finally we argue that institutional ownership is one of factor of influencing momentum profits in Taiwan stock market.