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Fisher, Lance

Overview
Works: 13 works in 14 publications in 1 language and 101 library holdings
Classifications: HB1, 339.530993
Publication Timeline
Key
Publications about Lance Fisher
Publications by Lance Fisher
Most widely held works by Lance Fisher
Financial deregulation and the dynamics of money, prices and output : evidence from New Zealand and Australia by David Orden( Book )
1 edition published in 1990 in English and held by 17 libraries worldwide
Sources of exchange rate and price level fluctuations in two commodity exporting countries : Australia and New Zealand by Lance Fisher( Book )
2 editions published in 1995 in English and held by 13 libraries worldwide
Interest rates linkages between the French, German and U.S.A. interst rates : econometric evidence for the 'German and US dominance' hypothesis by Lance Fisher( Book )
1 edition published in 1997 in English and held by 11 libraries worldwide
Stochastic trends in economic time series and the term structure of interest rates by Lance Fisher( Book )
1 edition published in 1989 in English and held by 10 libraries worldwide
Box-Tiao and Johansen canonical estimators of cointegrating vectors by Ronald Bewley( Book )
1 edition published in 1991 in English and held by 9 libraries worldwide
Predicting the monthly and annual current account balance from provisional data by Ronald Bewley( Book )
1 edition published in 1988 in English and held by 9 libraries worldwide
Multi co-integrating equations and parameter reduction techniques in vector autoregressive modelling by Ronald Bewley( Book )
1 edition published in 1988 in English and held by 8 libraries worldwide
Long-run identifying restrictions for an error-correction model of New Zealand money, prices and output by Lance Fisher( Book )
1 edition published in 1992 in English and held by 8 libraries worldwide
Bond option valuation in general equilibrium by Lance Fisher( Book )
1 edition published in 1994 in English and held by 7 libraries worldwide
Australian business cycle facts ( Book )
1 edition published in 1994 in English and held by 5 libraries worldwide
Corporate Governance, Investment Activity and Future Excess Returns by Lance Fisher( file )
1 edition published in 2007 in English and held by 2 libraries worldwide
In this dissertation, I investigate whether corporate governance affects the negative association between investment and future excess returns. Shareholders are concerned with the effectiveness of the firm's governance regime as a tool to reduce agency costs. In the absence of strong control over firm assets, managers may choose to invest in value-decreasing projects. The probability that managers select value-decreasing projects is an increasing (decreasing) function in investment activity (governance regime). At the time of investment, the capital market prices expected returns to the investment activity conditioned on the governance regime in place. This study examines future risk-adjusted returns to investment activities conditioned on low and high governance regimes. If the market correctly prices the governance environment and the expected returns to expenditures at time t, there should be no future risk-adjusted returns to either governance or expenditure information. I find that for firms with low external monitoring, and separately, for firms with high shareholder rights, lower (higher) investment activity results in positive (negative) future risk-adjusted returns. Implementing a trading strategy which holds low investment firms and shorts high investment firms results in 7.1% and 5.6% annual risk-adjusted returns when conditioned on low institutional holdings and high shareholder right, respectively. This study also provides preliminary evidence that outside blockholder and activist ownership is effective in mitigating the negative association between investment activity and future excess returns through the shareholder rights mechanism. Finally, I provide evidence that the diversification discount associated with multi-segment firms is generally invariant to investment activity levels
Financial indexation for Australia by Lance Fisher( Book )
1 edition published in 1976 in English and held by 1 library worldwide
Interest rates linkages between the French, German and USA interest rates: econometric evidence for the "German and US Dominance" hypothesis by Lance Fisher( Book )
1 edition published in 1997 in English and held by 1 library worldwide
 
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Alternative Names
Fisher, Lance A
Languages
English (14)
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