Glucksman Fellowship Program Student Research Reports

73 Pages Posted: 2 May 2012

See all articles by Samuel Welt

Samuel Welt

affiliation not provided to SSRN

Karen Shortt

affiliation not provided to SSRN

Oren Livne

affiliation not provided to SSRN

Ismael Orenstein

affiliation not provided to SSRN

William L. Silber

New York University (NYU) - Leonard N. Stern School of Business; New York University (NYU) - Department of Finance

Date Written: April 2013

Abstract

Shourya Ghosh, under the supervision of Edward Altman, does a statistical comparison of credit ratings from Moody’s and Standard & Poor’s to see whether there are any consistent biases between the two rating agencies. Kenneth McDermid, under the direction of Jeffrey Wurgler, investigates the performance of hedge funds and confirms that institutions with fewer assets and more concentrated portfolios outperform the others and that the out-performance is the result of selection ability. Joe Mellet, under the supervision of David Yermack, examines the market’s reaction to 320 special dividend announcements made in October, November, and December of 2012 in response to the looming tax increases and finds significant Cumulative Abnormal Returns (CARs) in the days surrounding the dividend announcement. T

Suggested Citation

Welt, Samuel and Shortt, Karen and Livne, Oren and Orenstein, Ismael and Silber, William L., Glucksman Fellowship Program Student Research Reports (April 2013). NYU Working Paper No. 2451/31768, Available at SSRN: https://ssrn.com/abstract=2049718

Samuel Welt (Contact Author)

affiliation not provided to SSRN

No Address Available

Karen Shortt

affiliation not provided to SSRN

No Address Available

Oren Livne

affiliation not provided to SSRN

Ismael Orenstein

affiliation not provided to SSRN

No Address Available

William L. Silber

New York University (NYU) - Leonard N. Stern School of Business ( email )

44 West 4th Street
Suite 9-160
New York, NY NY 10012
United States

New York University (NYU) - Department of Finance ( email )

Stern School of Business
44 West 4th Street
New York, NY 10012-1126
United States

Do you have negative results from your research you’d like to share?

Paper statistics

Downloads
33
Abstract Views
777
PlumX Metrics