東華大學圖書館 |

語系: 繁體中文

說明(常見問題)

回圖書館首頁

手機版館藏查詢

登入

回首頁

切換: 標籤 | MARC模式 | ISBD

Essays on the interface between fina...

Wu, Di.

FindBook

Google Book

Amazon

博客來

Essays on the interface between finance and technology.

紀錄類型:	書目-電子資源 : Monograph/item
正題名/作者:	Essays on the interface between finance and technology./
作者:	Wu, Di.
出版者:	Ann Arbor : ProQuest Dissertations & Theses, : 2016,
面頁冊數:	138 p.
附註:	Source: Dissertation Abstracts International, Volume: 77-12(E), Section: A.
Contained By:	Dissertation Abstracts International77-12A(E).
標題:	Finance. -
電子資源:	http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=10134936
ISBN:	9781339928692

Essays on the interface between finance and technology.
Wu, Di.

Essays on the interface between finance and technology. - Ann Arbor : ProQuest Dissertations & Theses, 2016 - 138 p.

Source: Dissertation Abstracts International, Volume: 77-12(E), Section: A.

Thesis (Ph.D.)--University of Pennsylvania, 2016.

In the first chapter "Shock Spillover and Financial Response in Supply Chain Networks: Evidence from Firm-Level Data", using machine learning methods on firm-level textual disclosures, I construct a large-scale dataset featuring firm-specific shocks to production. I map these shocks into a unique, hand-built network of firm-level supply chain connections to empirically quantify how these localized shocks affect remote firms along the chains. Surprisingly, contrary to prediction by typical network theories, these firm-specific shocks impact the revenue of firms even up to 4 connections away from the origins. This pronounced spillover effect is explained by three features--uneven distribution of monopolistic power, variations in supplier substitutability, and different inventory levels--that are salient in the data but usually not present in existing models. In addition, firms seem to respond to these spillovers by increasing their working capital and financial leverage. Moreover, the stock market reacts to shock spillovers from distant connections with slower speeds: post-shock abnormal returns are persistently negative for up to 40 days.

ISBN: 9781339928692Subjects--Topical Terms:

542899
Finance.

Essays on the interface between finance and technology.
LDR:02835nmm a2200289 4500 001 2122246
005 20170912094017.5
008 180830s2016 ||||||||||||||||| ||eng d
020 $a 9781339928692
035 $a (MiAaPQ)AAI10134936
035 $a AAI10134936
040 $a MiAaPQ $c MiAaPQ
100 1 $a Wu, Di. $3 1018601
245 1 0 $a Essays on the interface between finance and technology.
260 1 $a Ann Arbor : $b ProQuest Dissertations & Theses, $c 2016
300 $a 138 p.
500 $a Source: Dissertation Abstracts International, Volume: 77-12(E), Section: A.
500 $a Advisers: Itay Goldstein; Amir Yaron.
502 $a Thesis (Ph.D.)--University of Pennsylvania, 2016.
520 $a In the first chapter "Shock Spillover and Financial Response in Supply Chain Networks: Evidence from Firm-Level Data", using machine learning methods on firm-level textual disclosures, I construct a large-scale dataset featuring firm-specific shocks to production. I map these shocks into a unique, hand-built network of firm-level supply chain connections to empirically quantify how these localized shocks affect remote firms along the chains. Surprisingly, contrary to prediction by typical network theories, these firm-specific shocks impact the revenue of firms even up to 4 connections away from the origins. This pronounced spillover effect is explained by three features--uneven distribution of monopolistic power, variations in supplier substitutability, and different inventory levels--that are salient in the data but usually not present in existing models. In addition, firms seem to respond to these spillovers by increasing their working capital and financial leverage. Moreover, the stock market reacts to shock spillovers from distant connections with slower speeds: post-shock abnormal returns are persistently negative for up to 40 days.
520 $a In the second chapter "Deciphering Fedspeak: The Information Content of FOMC Meetings", we present a new approach to quantify the economic and policy content of Federal Reserve communications by dissecting the Federal Open Market Committee (FOMC) meeting minutes into distinct economic topics, and simultaneously extract the tone and uncertainty level of each topic. We use market reaction to objectively assess the relative informativeness of each topic, and we find significant incremental informational value from the topic contents, despite that the minutes are released several weeks after the original meetings. Furthermore, we find evidence consistent of the Fed possessing superior information, which is then transmitted to the market through the language of the minutes.
590 $a School code: 0175.
650 4 $a Finance. $3 542899
690 $a 0508
710 2 $a University of Pennsylvania. $b Finance. $3 2095393
773 0 $t Dissertation Abstracts International $g 77-12A(E).
790 $a 0175
791 $a Ph.D.
792 $a 2016
793 $a English
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=10134936