Welcome to IFS
当前位置: 首页->SEMINAR&LECTURES->2015->正文

Claremont McKenna College professor Mitch Warachka

2019年10月18日 13:16  点击:[]

The twelve International Symposium on Financial Research Institute of the 2015 summer
Southwest University of Finance and Economics Institute of Finance (Institute of financial studies, SWUFE) invite famous scholars of Claremont McKenna College (Claremont McKenna college professor Mitch Warachka to our school for academic exchanges, during in the Institute of Finance Conference Room 202 were academic speech. Invite teachers and students to participate in!
The lecture introduces as follows:
Subject: The Impact of Information Technology on the Equity Premium and Price Efficiency
Speaker: Mitch Warachka professor at Claremont Mckenna College
Time: July 31, 2015 (Friday) morning 10:30-12:00
Location: Institute of Finance Conference Room 202 (Guanghua campus north door near the basketball court)
Organizer: Department of scientific research, Financial Research Institute
Speaker introduction:
Mitch Warachka is associate professor at the Clement Mckenna College professor. From 2009 to 2012 he was as associate professor at Singapore Management university. He received the PhD degree from Cornell University of Finance in 2000. Mitch Warachka is Professor of research in the field of asset pricing, corporate governance and derivatives. Mitch Warachka Journal of Financial Econometrics professor in the International Journal of Financial of, Journal Economics, published many academic papers.
Mitch Warachka professor of resumes and other details see:
Https://www.cmc.edu/academic/faculty/profile/mwarachka
Abstract:
We examine the impact of information technology on systematic risk, the equity premium, and return predictability using national and state level NYSE ticker subscriptions that disseminate public firm-specific information. Annual variation in stock ticker subscriptions is not attributable to demographics, economic activity, or stock returns. Instead, this variation is positively associated with variation in trading volume. After controlling for liquidity, an increase in the number of stock tickers lowers both the average pairwise correlation between individual stock returns, hence systematic risk, and the equity premium (Pollet and Wilson, 2010). An increase in the number of stock tickers also reduces return predictability. We conclude that The adoption of information technology lowers systematic risk and the equity premium while enhancing price efficiency.
Contact: ye Dan, Zhang Bohuai
Tel: 8709904687099047
E-mail:yedan1220@126.com, wyattzh@163.com


上一条:Jialin Yu, professor at the Hong Kong University School 下一条:University of Washington professor Lee Jeongmin

关闭