Document Type
Dissertation
Degree
Doctor of Philosophy (PhD)
Major/Program
Economics
First Advisor's Name
Xiaoquan Jiang
First Advisor's Committee Title
Committee Chair
Second Advisor's Name
Brice Dupoyet
Second Advisor's Committee Title
Committee Member
Third Advisor's Name
Mihaela Pintea
Third Advisor's Committee Title
Committee Member
Fourth Advisor's Name
Cem Karayalcin
Fourth Advisor's Committee Title
Committee Member
Fifth Advisor's Name
Sheng Guo
Fifth Advisor's Committee Title
Committee Member
Keywords
Empirical Asset Pricing, Stock Price Fluctuation, Corporate Bonds, Interest Rates
Date of Defense
5-26-2017
Abstract
The first paper revisits the link between interest rates and corporate bond credit spreads by applying Rigobon’s (2003) heteroskedasticity identification methodology. The second paper investigates the assumption that financial asset prices including stocks and bonds, reflect intrinsic value. The third paper decomposes the stock price into fundamental permanent, fundamental transitory, and non-fundamental shocks in order to explore the determinants of stock price fluctuations.
Identifier
FIDC001912
Recommended Citation
Zhang, Qianying, "Three Essays in Financial Economics" (2017). FIU Electronic Theses and Dissertations. 3482.
https://digitalcommons.fiu.edu/etd/3482
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