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The Effect of Trading Volume on Stock Price
Get PDFKnowledge of the relationship between trading volume and trading equities enhances investors and public policy maker’s knowledge of market structure. In this paper, we examine the effects of trading volume on stock prices using a panel of stock prices from the S&P 500 Index. We develop an ordinary least squares regression model, implementing control variables, fixed effects and an instrumental variable to minimize statistical bias. We find evidence that an increase of trading volume by its mean is associated with a $2.42 increase in average stock price. We also find stronger evidence that an increase of trading volume by its average initiates stock returns of 3.20%. Our results suggest trading volume can be a cause of higher stock prices, allowing for arbitrage opportunities in the market and disputing the efficient market hypothesis
Calculus I Companion
Get PDFA course pack for supplementing Calculus 1 with algebra, geometry, trigonometry, and precalculus topics, including reading material, activities, and practice problems assembled from various OER texts.https://cupola.gettysburg.edu/oer/1015/thumbnail.jp
Criminal Justice Update - June 2023
Get PDFThe Criminal Justice Update is a monthly newsletter created by the Adams County Bar Foundation Fellow providing updates in criminal justice policy coming from Pennsylvania\u27s courts and legislature as well as the US Supreme Court. Contents: Updates from PA Governor\u27s Office (no updates this month) Updates from the PA Legislature Updates from the Courts U.S. Supreme Court PA Supreme Court PA Superior Cour
Individual-Level Responses to Rapid Climate Change in Common Terns (Sterna hirundo) and Arctic Terns (Sterna paradisaea)
Get PDFThis study examines fine-scale environmental changes and intraspecific variation in the diet and foraging behavior of two seabirds in the Gulf of Maine, one of the fastest-warming regions of the ocean. This variation on the individual level, or behavioral plasticity, may help long-lived species to persist in rapidly changing environments. As the water warms, seabirds’ preferred prey (hake and herring) follow cooler waters deeper and farther offshore. It is unlikely that all individuals respond to changing food availability in the same way. For common terns (Sterna hirundo) and Arctic terns (Sterna paradisaea) breeding on Petit Manan Island, I hypothesized that: H1: Preferred prey decline in the diet as sea surface temperature (SST) increases; H2: Individuals vary in their response to increasing SST; H3: Individual-level diet influences fitness. In June and July of 2022, we conducted daily chick provisioning watches and recorded prey size and species. While SST did not influence average feeding rate, increased SST drove declines in the average prey size and the proportion of hake and herring in the diet at the colony level (H1 supported). Slopes were similar across nests, suggesting no individual variation in diet plasticity with increasing SST (H2 not supported). At the nest level, a higher average proportion of herring and hake was associated with higher chick mortality and a declining growth rate. A higher average feeding rate was associated with an increase in growth rate while prey size did not impact chick growth rate (H3 not supported). Our findings suggest that individuals that try to maintain a diet of preferred prey may have lower fitness in a changing climate. However, individuals that decrease their foraging distance and prey switch to maintain a sufficient feeding rate are successful in raising chicks that reach fledging age
Economic Method: The Science in Trade
Get PDFIn observing the universe, philosophers have offered their thought processes for understanding the perceivable reality, which we know as science. These thought processes are constructed into scientific methods to conquer the unknown. Economics existing through human interaction in society holds its own characteristics that scholars have sought out to outline the nature of trade. Within this book, the various approaches of science will be presented and tests across various case studies in Economics to test validity of arguments and connections between thought processes across different disciplines. This work is guided by Steven Gimbel and his work Exploring the Scientific Method and provides the base of each chapter and adventure in the book concerning philosophy and economics. Through testing six scientific approaches to the universe, one will remain victorious in confronting nature’s unknown
War on Humor: Killing Laughter in Times of Strife
Get PDFThis project explores the use of humor as a coping mechanism throughout the first World War. It focuses on three main aspects: (1) the evolution of humor prior to, contemporary to, and after WWI; (2) the contrast between Germany\u27s strict oppression of humor and France\u27s more free approach; (3) and the distinction between civilian and soldier humor