'Images of Occupation in Dutch Film' is the first book in English to examine changing representations of the German wartime occupation of the Netherlands within Dutch post-war feature films made in ...the period 1962 to 1986. This important new study explores in detail the complex, evolving role played by film within Dutch cultural memory and asks to what extent film can fully embrace, transmit or assimilate the complexities and collective legacies of war and occupation. As Dutch public opinion toward the war altered over the post-war decades - attitudes to the 1940-1945 occupation, Jewish persecution, the enemy, deprivations, resistance and collaboration - so too shifted the presence - or indeed absence - of these elements in subsequent films. The historical trajectory of Dutch recovery and reconstruction: politically, economically and, most complex of all, psychological, came to be revealed, often unconsciously, in the films of the period. Through detailed analyses of seven key film texts, from 1962's De Overval, to Paul Verhoeven's 1977 film Soldaat Van Oranje and Fons Rademakers' De Aanslag, this book offers insights into the previously under-explored connections between filmic images of occupation and parallel shifts in society's perceptions about the war at the times the films were made. It seeks to deepen awareness of these compelling, valuable Dutch cultural documents, and to ask how a nation's films re-tell its history."
In this paper, we document regularities in trading patterns of individual and institutional investors related to the day of the week. We find a relative increase in trading activity by individuals on ...Mondays. In addition, there is a tendency for individuals to increase the number of sell transactions relative to buy transactions, which might explain at least part of the weekend effect.
Extremely large negative 10-day rates of return are followed on average by larger-than-expected positive rates of return over following days. This price adjustment lasts approximately 2 days and is ...observed in a sample of firms that is largely devoid of methodological problems that might explain the reversal phenomenon. While perhaps not representing abnormal profit opportunities, these reversals present a puzzle as to the length of the price adjustment period. Such a slow recovery is inconsistent with the notion that market prices quickly reflect relevant information.
This paper evaluates a nonparametric sign test for abnormal security price performance in event studies. The sign test statistic examined here does not require a symmetrical distribution of security ...excess returns for correct specification. Sign test performance is compared to a parametric t-test and a nonparametric rank test. Simulations with daily security return data show that the sign test is better specified under the null hypothesis and often more powerful under the alternative hypothesis than a t-test. The performance of the sign test is dominated by the performance of a rank test, however, indicating that the rank test is preferable to the sign test in obtaining nonparametric inferences concerning abnormal security price performance in event studies.
This paper reports anomalous price behavior around repurchase tender offers. Buying shares before the expiration date of a repurchase tender offer and tendering to the firm produces, on average, ...abnormal returns of more than 9 percent over a period shorter than one week. In addition, we find that repurchasing companies experience economically and statistically significant abnormal returns in the two years after the repurchase. The upward price drift is mainly caused by the behavior of the small firms in the sample.
Our paper uses data on all graduate students who entered PhD programs in four fields during a 25-year period at a single major doctorate producing university to estimate how graduate student ...financial support patterns influence their completion rates and times-to-degree. Competing risk "duration" or "hazard function" models are estimated. Wefind that completion rates, and the mean durations of their times-to-completion and to dropout are all sensitive to the types of financial support the students received. Other things held constant (including measured student ability), students who receive fellowships or research assistantships have higher completion rates and shorter times-to-degree than students who receive teaching assistantships or tuition waivers, or who are totally self-supporting. A major finding is that the impact of financial support patterns on the fraction of students who complete programs is much larger than its impact on mean durations of times-to-degree or to dropout.
A trigger value of -5% is used to identify a sample of real estate trusts (REITS) that experience substantial one-day price declines. Abnormal returns are then calculated for the subsequent two-day ...period. The results of this study suggest stock price reversals are associated with extreme stock price declines for REITS. Hence, it appears the market overreacts at the time unfavorable information about REITS is disseminated. The degree of reversal across the sample is assessed according to variables such as the initial price decline (day 0), pre-event leakage (day -1), size (capitalization), the type of real estate investment trust, and relative trading volume.
The paper tests whether technological change has been neutral in Canadian manufacturing industries, using a system of translog cost share equations for 1962 through 1986. The model features two ...classes of labor treated as distinct inputs. Tests rejected homotheticity in all industries. Hicks neutrality was also rejected in 16 of 18 industries. The most common pattern of nonneutral technical change was a bias away from blue-collar workers. Formal tests for skill-neutral innovation rejected the hypothesis in ten industries in favor of skill-using technical change. The results suggest that in studies of Canadian manufacturing, aggregation across labor inputs is inappropriate.
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