User profiles for Gregory W. Brown
Gregory BrownProfessor of Finance, University of North Carolina Verified email at unc.edu Cited by 10057 |
Investor sentiment and the near-term stock market
GW Brown, MT Cliff - Journal of empirical finance, 2004 - Elsevier
We investigate investor sentiment and its relation to near-term stock market returns. We find
that many commonly cited indirect measures of sentiment are related to direct measures (…
that many commonly cited indirect measures of sentiment are related to direct measures (…
Investor sentiment and asset valuation
GW Brown, MT Cliff - The Journal of Business, 2005 - JSTOR
… Contact the corresponding author, Gregory W. Brown, at gregwbrown@unc.edu. … Interested
readers are referred to Brown and Cliff (2004) for a more complete discussion. 20. Neal and …
readers are referred to Brown and Cliff (2004) for a more complete discussion. 20. Neal and …
International evidence on financial derivatives usage
Theory predicts that nonfinancial corporations might use derivatives to lower financial
distress costs, coordinate cash flows with investment, or resolve agency conflicts between …
distress costs, coordinate cash flows with investment, or resolve agency conflicts between …
The effects of derivatives on firm risk and value
Using a large sample of nonfinancial firms from 47 countries, we examine the effect of derivative
use on firm risk and value. We control for endogeneity by matching users and nonusers …
use on firm risk and value. We control for endogeneity by matching users and nonusers …
Managing foreign exchange risk with derivatives
GW Brown - Journal of Financial Economics, 2001 - Elsevier
This study investigates the foreign exchange risk management program of HDG Inc. (pseudonym),
a US-based manufacturer of durable equipment. Precise examination of factors …
a US-based manufacturer of durable equipment. Precise examination of factors …
Capital structure and financial risk: Evidence from foreign debt use in East Asia
G Allayannis, GW Brown, LF Klapper - The Journal of Finance, 2003 - Wiley Online Library
Using a data set of East Asian nonfinancial companies, we examine a firm's choice between
local, foreign, and synthetic local currency (hedged foreign currency) debt. We find …
local, foreign, and synthetic local currency (hedged foreign currency) debt. We find …
Volatility, sentiment, and noise traders
GW Brown - Financial Analysts Journal, 1999 - Taylor & Francis
The most basic implication of noise-trader theory is that irrational investors acting coherently
on a noisy signal can cause systematic risk. If noise traders affect prices, the noisy signal is …
on a noisy signal can cause systematic risk. If noise traders affect prices, the noisy signal is …
Resolving the exposure puzzle: The many facets of exchange rate exposure
Theory predicts sizeable exchange rate (FX) exposure for many firms. However, empirical
research has not documented such exposures. To examine this discrepancy, we extend prior …
research has not documented such exposures. To examine this discrepancy, we extend prior …
Are firms successful at selective hedging?
GW Brown, PR Crabb, D Haushalter - The Journal of Business, 2006 - JSTOR
We analyze the corporate risk management policies of 44 companies in the gold mining
industry. Firms tend to decrease hedging as prices move against them—behavior contrary to …
industry. Firms tend to decrease hedging as prices move against them—behavior contrary to …
How firms should hedge
GW Brown, KB Toft - The review of financial studies, 2002 - academic.oup.com
Substantial academic research explains why firms should hedge, but little work has addressed
how firms should hedge. We assume that firms can experience costly states of nature and …
how firms should hedge. We assume that firms can experience costly states of nature and …