ABSTRACT This research investigates the stock market reaction to the February 2011 announcement o... more ABSTRACT This research investigates the stock market reaction to the February 2011 announcement of a new financial product: credit event binary options (CEBOs). The CEBOs could be an alternative to credit default swaps for hedging or speculating on default. These credit options, traded on the Chicago Board Options Exchange (CBOE), pay-off only in the event of default by the underlying firm. Options were initially introduced for 10 firms from various sectors of the economy. In April 2011, additional CEBOs were introduced for five large banks. This study finds that the announcement of the binary options did not have a significant negative effect on the stock prices of the underlying firms. These firms did have a significant negative cumulative abnormal return over the entire event window surrounding option announcement. Analysis of trading volume finds that the majority of the CEBOs did not trade at all during the first 110 days after listing. Results indicate that market participants are not utilizing exchange-traded credit options for hedging credit exposure or speculating on credit default.
This study addresses the factors that contribute to dishonest behavior by business majors. It als... more This study addresses the factors that contribute to dishonest behavior by business majors. It also looks at how today's students define academic dishonesty. Special emphasis is given to whether enrollment in religion and ethics classes and attendance at religious activities influence a student's definitions of and participation in dishonest behavior. The authors have surveyed students enrolled in business courses at
MBA programs search for ways to identify candidates who will be successful in their programs. Sev... more MBA programs search for ways to identify candidates who will be successful in their programs. Several studies have been done that have analyzed the relationship between graduate grade point average and factors that contribute to academic performance, such as Graduate Management Aptitude Test (GMAT) scores, undergraduate GPA, gender and business experience. This paper addresses the relationship between graduate GPA and the traditional variables; however, it will use actual years of business experience instead of a proxy, the method used in other papers. This paper will also look at how enrollment in a one semester prerequisite course for students without undergraduate business degree impacts graduate GPA. A second goal of the study is to analyze students who withdrew from the MBA program before completion. The authors will compare data of these students to students who successfully completed the program to look for potential risk indicators. The analysis shows a significant positive ...
ABSTRACT This research investigates the stock market reaction to the February 2011 announcement o... more ABSTRACT This research investigates the stock market reaction to the February 2011 announcement of a new financial product: credit event binary options (CEBOs). The CEBOs could be an alternative to credit default swaps for hedging or speculating on default. These credit options, traded on the Chicago Board Options Exchange (CBOE), pay-off only in the event of default by the underlying firm. Options were initially introduced for 10 firms from various sectors of the economy. In April 2011, additional CEBOs were introduced for five large banks. This study finds that the announcement of the binary options did not have a significant negative effect on the stock prices of the underlying firms. These firms did have a significant negative cumulative abnormal return over the entire event window surrounding option announcement. Analysis of trading volume finds that the majority of the CEBOs did not trade at all during the first 110 days after listing. Results indicate that market participants are not utilizing exchange-traded credit options for hedging credit exposure or speculating on credit default.
... RELIGIOUSITY incorporates the number of times per typical week the student participates in a ... more ... RELIGIOUSITY incorporates the number of times per typical week the student participates in a religious activity (such as a worship service or small group study) plus the student's rating of the importance of religion in his or her life. ... 2.293 0.937 Religiousity 5.270 2.446 Gender ...
ABSTRACT This research investigates the stock market reaction to the February 2011 announcement o... more ABSTRACT This research investigates the stock market reaction to the February 2011 announcement of a new financial product: credit event binary options (CEBOs). The CEBOs could be an alternative to credit default swaps for hedging or speculating on default. These credit options, traded on the Chicago Board Options Exchange (CBOE), pay-off only in the event of default by the underlying firm. Options were initially introduced for 10 firms from various sectors of the economy. In April 2011, additional CEBOs were introduced for five large banks. This study finds that the announcement of the binary options did not have a significant negative effect on the stock prices of the underlying firms. These firms did have a significant negative cumulative abnormal return over the entire event window surrounding option announcement. Analysis of trading volume finds that the majority of the CEBOs did not trade at all during the first 110 days after listing. Results indicate that market participants are not utilizing exchange-traded credit options for hedging credit exposure or speculating on credit default.
This study addresses the factors that contribute to dishonest behavior by business majors. It als... more This study addresses the factors that contribute to dishonest behavior by business majors. It also looks at how today's students define academic dishonesty. Special emphasis is given to whether enrollment in religion and ethics classes and attendance at religious activities influence a student's definitions of and participation in dishonest behavior. The authors have surveyed students enrolled in business courses at
MBA programs search for ways to identify candidates who will be successful in their programs. Sev... more MBA programs search for ways to identify candidates who will be successful in their programs. Several studies have been done that have analyzed the relationship between graduate grade point average and factors that contribute to academic performance, such as Graduate Management Aptitude Test (GMAT) scores, undergraduate GPA, gender and business experience. This paper addresses the relationship between graduate GPA and the traditional variables; however, it will use actual years of business experience instead of a proxy, the method used in other papers. This paper will also look at how enrollment in a one semester prerequisite course for students without undergraduate business degree impacts graduate GPA. A second goal of the study is to analyze students who withdrew from the MBA program before completion. The authors will compare data of these students to students who successfully completed the program to look for potential risk indicators. The analysis shows a significant positive ...
ABSTRACT This research investigates the stock market reaction to the February 2011 announcement o... more ABSTRACT This research investigates the stock market reaction to the February 2011 announcement of a new financial product: credit event binary options (CEBOs). The CEBOs could be an alternative to credit default swaps for hedging or speculating on default. These credit options, traded on the Chicago Board Options Exchange (CBOE), pay-off only in the event of default by the underlying firm. Options were initially introduced for 10 firms from various sectors of the economy. In April 2011, additional CEBOs were introduced for five large banks. This study finds that the announcement of the binary options did not have a significant negative effect on the stock prices of the underlying firms. These firms did have a significant negative cumulative abnormal return over the entire event window surrounding option announcement. Analysis of trading volume finds that the majority of the CEBOs did not trade at all during the first 110 days after listing. Results indicate that market participants are not utilizing exchange-traded credit options for hedging credit exposure or speculating on credit default.
... RELIGIOUSITY incorporates the number of times per typical week the student participates in a ... more ... RELIGIOUSITY incorporates the number of times per typical week the student participates in a religious activity (such as a worship service or small group study) plus the student's rating of the importance of religion in his or her life. ... 2.293 0.937 Religiousity 5.270 2.446 Gender ...
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Papers by Kristin Stowe