Chernykh and N.V. Loktyukhina consider the scope of self-employment disclose contradictions between data reported by Federal State Statistics Service other sources, which manifests need to adjust methodology for relevant studies workforce. The article analyzes structure based on criteria relationship main job, status (demographic, professional, sectoral) presents results authors’ original analy...

A key feature of the 2007-2008 financial crisis is that for some classes of securities trade has ceased. And where trade does occur, it appears that market prices are well below what one might believe to be the intrinsic value for that class of security. This seems to be especially true for those securities where the payoff streams are particularly complex (for example, CDOs). One explanation f...

The structure and operation of today's financial markets largely reflect relatively recent advances in electronic information technology and its applications. The ability of market participants to communicate and store vast amounts of information at very high speeds has irreversibly transformed the landscape of these markets. The age of the global, twenty-four-hour-day market is at hand.' Signi...

Using a simulation model, the study examines the impact to states and national BHCs if allowed greater participation in securities (segmented into securities brokerage and investment banking), insurance (brokerage, life insurance underwriting, and property-casualty underwriting), or real estate (segmented into five industries ranging from brokerage to development). Utilizing accounting earnings...

GROWING BODY OF theoretical literature, known as the study of securities market microstructure, deals with the behavior of participants in securities markets and with the effects of information and institutional rules on the economic performance of those markets. These institutional factors may arise from technology, tradition or regulation. Microstructure and its impact are important, because ...

We consider a competitive and perfect financial market in which agents have heterogeneous cash flow valuations. Instead of assuming that agents are endowed with rational expectations, we model their behavior as the product of adaptive learning. Our results demonstrate that adaptive learning affects security design profoundly, with securities mispriced even in the long run and optimal designs tr...

III. SECURITIES MARKET INTERMEDIARIES ............................................. 283 A. Securities Analysts ....................................................................... 283 B. Auditors........................................................................................ 291 C. Proxy Advisory Services .............................................................. 294 D. Sharehold...

This paper proposes a dynamic equilibrium model to study the implications of the complexity of financial securities for investor behavior, asset prices, and welfare. The key assumption is that, unlike fund managers, non-professional investors cannot directly observe complex securities’ payoffs. In equilibrium, fund managers overinvest in complex securities as these potentially allow them to inf...

In this paper we examine whether variation in investors’ demand for risky assets is associated with recoveries on defaulted debt securities. Our examination is motivated by the prediction of standard portfolio separation theorems that an increase in aggregate investor risk aversion is associated with a decrease in the demand for the market portfolio of risky assets. Motivated by this prediction...

Since the pandemic pushed economy to its knees, India’s youth population has been fueling a boom in country’s investing environment, with millions of people switching stock trading. Millennials country have slowly buying equities, mirroring trends found United States and other major economies, as salary cuts, job losses, economic troubles, increasing time at home prompted search for new sources...