scholarly journals The Effect Of Managerial Overconfidence On Leverage

2011 ◽  
Vol 8 (12) ◽  
Author(s):  
Cheonsik Park ◽  
Hyunseok Kim
Keyword(s):  
Stock Market ◽  
The Past ◽  
Korean Stock Market ◽  
Proxy Measure ◽  
Business Survey ◽  
Managerial Overconfidence ◽  
The Relationship

In this paper, we examine the relationship between managerial overconfidence and leverage. Analyzing a sample of firms listed on Korean Stock Market during the period from 1985 to 2007, we use the average of the past 12 months Business Survey Index (BSI) from Bank of Korea as proxy measure of managerial overconfidence. We find that managers tend to issue more debts when they have overconfidence and this result is consistent with Oliver (2009) and Yu et al. (2006).

scholarly journals Sustainability Managed against Downside Risk and the Cost of Equity: Evidence in Korea

2018 ◽  
Vol 10 (11) ◽  
pp. 3969
Author(s):  
Truong Thuy ◽  
Jungmu Kim
Keyword(s):  
Stock Market ◽  
Stock Returns ◽  
Cross Section ◽  
Cost Of Capital ◽  
Downside Risk ◽  
Cost Of Equity ◽  
Cross Sectional ◽  
Korean Stock Market ◽  
The Cost ◽  
The Relationship

This study examines the relationship between sustainability managed against downside risk and the cost of equity in the Korean stock market during the 2000–2016 period. We employ downside co-skewness and downside beta as a measure of downside risk, to analyze the cross-sectional relationship between them and average portfolio stock returns. We have also carried out Fama–MacBeth regressions to find the required return for bearing downside risk. The results show that downside co-skewness can be used more effectively than downside beta to explain a cross-section of stock returns or cost of equity. The required premium for bearing downside risk, as measured by downside co-skewness, is approximately 19% per annum in the Korean stock market. This finding suggests that sustainable companies can raise their capital in the form of equity at 19% lower costs, and also implies that increasing sustainability can reduce the cost of capital.

Connections and Crossovers: Cinema and Theatre in Hong Kong

1998 ◽  
Vol 14 (53) ◽  
pp. 63-74 ◽  
Author(s):  
Frank Bren
Keyword(s):  
Hong Kong ◽  
Stock Market ◽  
Stock Market Crash ◽  
Kung Fu ◽  
The Past ◽  
Cantonese Opera ◽  
Run Up ◽  
Post War ◽  
Production Company ◽  
The Relationship

From the run-up to its return to Chinese rule in July 1997 to the stock-market crash in October, Hong Kong has seldom been out of the news during the past year. But the attention paid to its political and economic provenance has not been matched by much interest in its cultural output – despite the existence in Hong Kong of a cinema industry with a prodigious output now approaching ten thousand films. Although a professional theatre has been a relatively more recent development, the connections between film and theatre in Hong Kong have always been close – from the film adaptations of Cantonese opera in the 1930s, through the ‘female’ films of the post-war period and the western following for Bruce Lee's kung fu movies, to the present dominance of the cross-generic production company, Springtime, in the 1990s, with a creative interest in its own past which verges on the metatheatrical. Frank Bren, who is presently living and working in Hong Kong, here captures something of the history and the distinctive flavour of the overlapping movie and theatre industries, and assesses why the relationship remains mutually profitable in artistic as well as economic terms.

The Relationship between Asymmetric Downside Beta and Stock Returns : Evidence from the Korean Stock Market

2021 ◽  
Vol 34 (4) ◽  
pp. 1-40
Author(s):  
Seung Hyun Jeong ◽  
◽  
Hoon Cho ◽  
Jihun Kim ◽  
Dohyun Chun
Keyword(s):  
Stock Market ◽  
Stock Returns ◽  
Korean Stock Market ◽  
The Relationship

Poor Acceptance of the Past is Related to Depressive Symptoms in Older Adults

GeroPsych ◽  
2020 ◽  
Vol 33 (4) ◽  
pp. 246-251
Author(s):  
Gozde Cetinkol ◽  
Gulbahar Bastug ◽  
E. Tugba Ozel Kizil
Keyword(s):  
Older Adults ◽  
Regression Analysis ◽  
Depressive Symptoms ◽  
Death Anxiety ◽  
Geriatric Depression ◽  
Ego Integrity ◽  
The Past ◽  
Depressed Group ◽  
Total Death ◽  
The Relationship

Abstract. Depression in older adults can be explained by Erikson’s theory on the conflict of ego integrity versus hopelessness. The study investigated the relationship between past acceptance, hopelessness, death anxiety, and depressive symptoms in 100 older (≥50 years) adults. The total Beck Hopelessness (BHS), Geriatric Depression (GDS), and Accepting the Past (ACPAST) subscale scores of the depressed group were higher, while the total Death Anxiety (DAS) and Reminiscing the Past (REM) subscale scores of both groups were similar. A regression analysis revealed that the BHS, DAS, and ACPAST predicted the GDS. Past acceptance seems to be important for ego integrity in older adults.

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