Three Essays in Financial Economics

Authors

Qianying Zhang, Florida International UniversityFollow

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