Price and Earnings Momentum, Transaction Costs and Financial Crisis

2012 ◽  
Author(s):  
Reza Tajaddini ◽  
Timothy Falcon Crack ◽  
Helen Roberts
Keyword(s):  
Financial Crisis ◽  
Transaction Costs ◽  
Earnings Momentum

Price and Earnings Momentum, Transaction Costs, and an Innovative Practitioner Technique

2015 ◽  
Vol 15 (4) ◽  
pp. 555-597 ◽  
Author(s):  
Reza Tajaddini ◽  
Timothy Falcon Crack ◽  
Helen Roberts
Keyword(s):  
Transaction Costs ◽  
Earnings Momentum

scholarly journals Cost of Sending Remittances from the UK in the Aftermath of the Financial Crisis

2017 ◽  
Vol 2 (1) ◽  
pp. 47-56 ◽  
Author(s):  
Ibrahim Sirkeci ◽  
Andrej Přívara
Keyword(s):  
Sustainable Development ◽  
Developing Countries ◽  
Financial Crisis ◽  
Transaction Costs ◽  
Sustainable Development Goals ◽  
Source Country ◽  
The Sustainable Development ◽  
The United Kingdom ◽  
Development Goals ◽  
The Uk

Reducing cost of remittances is among the sustainable development goals and leading institutions and figures in the field advocate for cheaper transaction costs. Remittances remained resilient during the financial crisis overall and growth continues in the aftermath. In this paper, cost of sending remittances from the United Kingdom, a major remittances source country, to a selected group of 10 developing countries is examined to understand the trends in prices. Results show that overall, in selected countries there is a declining tendency, while in certain corridors and by certain operators, the prices of remittances did not decline as desired. Hence, possibly billions of remittances pounds did not reach to those in grave need. 

scholarly journals Vertical integration and profitability of the agrifood industry in an economic crisis context

2015 ◽  
Vol 13 (4) ◽  
pp. e0107 ◽  
Author(s):  
Alfredo J. Grau ◽  
Araceli Reig
Keyword(s):  
Financial Crisis ◽  
Transaction Costs ◽  
Economic Crisis ◽  
Vertical Integration ◽  
Separate Analysis ◽  
Specific Product ◽  
Determining Factors ◽  
Integration Strategies ◽  
Integrated Or ◽  
Economic And Financial Crisis

<p>In a setting of economic and financial crisis, most companies experienced a reduction in their profitability. Thus, our study allows us to identify vertical integration strategies developed by companies to overcome the crisis. This paper is aimed at unveiling the determining factors of the profitability of Spanish agrifood firms, depending on whether they are backwards vertically integrated or not. In order to attain our objective, we implemented a first difference regression model. The main contributions of the article lie in the incorporation of a variable that distinguishes integrated firms from the rest and the separate analysis of the two groups of firms. The results suggest that firms that seek to differentiate themselves, either through offering a specific product or through providing higher quality with a view to maintaining their reputation, are more likely to adopt vertical integration due to the higher transaction costs of relations with suppliers. The grouping carried out in this study is shown to be highly relevant as asset structure implies different strategies for actions aimed at increasing profitability.</p>

scholarly journals Arbitrage potential in the Eurex order book – evidence from the financial crisis in 2008

2015 ◽  
Vol 5 (4) ◽  
pp. 300-313
Author(s):  
Peter Schober ◽  
Martin Wagener
Keyword(s):  
Financial Crisis ◽  
Transaction Costs ◽  
Stock Options ◽  
Short Selling ◽  
Order Book

In this paper we investigate the valuation efficiency of the Eurex market for DAX single stock options. As a measure of arbitrage potential we use an adapted version of Stoll’s put-call parity model. By calculating deviations from the theoretical fair put and call prices before and during the financial crisis in 2008, we find evidence for a decrease in market’s valuation efficiency. Valuation efficiency is even worse for German financial stocks for which short selling was restricted. Although considerable profit opportunities are found, only a small number turn out to be profitable after transaction costs are considered. Our research complements the existing research by investigating American type stock options on a fully electronic exchange in both, volatile and stable markets.

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