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The Limits of Arbitrage and Stock Mispricing: Evidence from Decomposing the Market to Book Ratio (open access)

The Limits of Arbitrage and Stock Mispricing: Evidence from Decomposing the Market to Book Ratio

The purpose of this paper is to investigate the effect of the "limits of arbitrage" on securities mispricing. Specifically, I investigate the effect of the availability of substitutes and financial constraints on stock mispricing. In addition, this study investigates the difference in the limits of arbitrage, in the sense that it will lead to lower mispricing for these stocks, relative to non-S&P 500 stocks. I also examine if the lower mispricing can be attributed to their lower limits of arbitrage. Modern finance theory and efficient market hypothesis suggest that security prices, at equilibrium, should reflect their fundamental value. If the market price deviates from the intrinsic value, then a risk-free profit opportunity has emerged and arbitrageurs will eliminate mispricing and equilibrium is restored. This arbitrage process is characterized by large number of arbitrageurs which have infinite access to capital. However, a better description of reality is that there are few numbers of arbitrageurs to the extent that they are highly specialized; and they have limited access to capital. Under these condition arbitrage is no more a risk-free activity and can be limited by several factors such as arbitrage risk and transaction costs. Other factors that are discussed in the literature …
Date: December 2015
Creator: AlShammasi, Naji Mohammad
Object Type: Thesis or Dissertation
System: The UNT Digital Library
Regional Water Plan: Region I (East Texas), Volume 1. Main Report (open access)

Regional Water Plan: Region I (East Texas), Volume 1. Main Report

Water plan for Region I (East Texas) describing water sources and suppliers in the area, usage statistics and forecasts, water needs, water management strategies for suppliers and counties, water conservation plans, drought response plans, financing of the plan, and the process of creating the plan.
Date: December 1, 2015
Creator: Alan Plummer and Associates
Object Type: Report
System: The Portal to Texas History
Regional Water Plan: Region I (East Texas), Volume 2. Appendixes (open access)

Regional Water Plan: Region I (East Texas), Volume 2. Appendixes

Appendices for the water plan for Region I (East Texas) including water management strategies, water needs, water conservation methods, species of concern in the area, financing methods, and related reports.
Date: December 1, 2015
Creator: Alan Plummer and Associates
Object Type: Report
System: The Portal to Texas History
Photo-induced Toxicity of Deepwater Horizon Spill Oil to Four Native Gulf of Mexico Species (open access)

Photo-induced Toxicity of Deepwater Horizon Spill Oil to Four Native Gulf of Mexico Species

The 2010 Deepwater Horizon oil spill resulted in the accidental release of millions of barrels of crude oil into the Gulf of Mexico (GoM). Photo-induced toxicity following co-exposure to ultraviolet (UV) radiation is one mechanism by which polycyclic aromatic hydrocarbons (PAHs) from oil spills may exert toxicity. Blue crab (Callinectes sapidus) are an important commercial and ecological resource in the Gulf of Mexico and their largely transparent larvae may make them sensitive to PAH photo-induced toxicity. Mahi-mahi (Coryphaena hippurus), an important fishery resource, have positively buoyant, transparent eggs. These characteristics may result in mahi-mahi embryos being at particular risk from photo-induced toxicity. Red drum (Sciaenops ocellatus) and speckled seatrout (Cynoscion nebulosus) are both important fishery resources in the GoM. They spawn near-shore and produce positively buoyant embryos that hatch into larvae in about 24 h. The goal of this body of work was to determine whether exposure to UV as natural sunlight enhances the toxicity of crude oil to early lifestage GoM species. Larval and embryonic organisms were exposed to several dilutions of water accommodated fractions (WAF) from several different oils collected in the field under chain of custody during the 2010 spill and two to three gradations of natural …
Date: December 2015
Creator: Alloy, Matthew Michael
Object Type: Thesis or Dissertation
System: The UNT Digital Library
Nuestra Voz (Fort Worth, Tex.), Vol. 3, No. 25, Ed. 1, December 2015 (open access)

Nuestra Voz (Fort Worth, Tex.), Vol. 3, No. 25, Ed. 1, December 2015

Monthly newspaper providing news and information to the Tarrant, Dallas, and Denton County Latino communities along with advertising.
Date: December 2015
Creator: Alvarado, Felix
Object Type: Newspaper
System: The Portal to Texas History
Southwest Retort, Volume 68, Number 4, December 2015 (open access)

Southwest Retort, Volume 68, Number 4, December 2015

This publication of the Dallas-Fort Worth Section of the American Chemical Society includes information about research, prominent scientist, organizational business, and various other stories of interest to the community.
Date: December 2015
Creator: American Chemical Society. Dallas/Fort Worth Section.
Object Type: Journal/Magazine/Newsletter
System: The UNT Digital Library
The Newsletter of the Texas Chapter of the American Fisheries Society, Volume 41, Number 4, Fall 2015 (open access)

The Newsletter of the Texas Chapter of the American Fisheries Society, Volume 41, Number 4, Fall 2015

Newsletter of the Texas Chapter of the American Fisheries Society containing information about the organization, membership, and field of aquaculture and ecosystem management.
Date: December 2015
Creator: American Fisheries Society. Texas Chapter.
Object Type: Journal/Magazine/Newsletter
System: The Portal to Texas History
Exploring the Dual-natured Impact of Digital Technology on Student-classroom Engagement in a Texas Public High School (open access)

Exploring the Dual-natured Impact of Digital Technology on Student-classroom Engagement in a Texas Public High School

The past decade has become rife with an eagerness to integrate new digital technology into teaching. While there have been decades of research done on the importance of curriculum and pedagogy on student engagement, findings of actual technology integration are scarce. Moreover, what does it take to engage students in classroom activities and lessons when technology is introduced? The purpose of this study was to explore how digital technology, when integrated into classroom teaching and activities, impacted the students-classroom engagement based on the interim-cognitive, meta-cognitive, motivational, and behavioral markers. This was explored in a Texas public high school across the four core classes (English, Math, Science, and Social Studies. Data was collected in the form of observational field notes, transcripts of recorded lessons, and Likert-scaled surveys. Thematic analysis was used in analyzing qualitative data, Pearson’s correlation of those components found by factor analysis verified three of the five themes identified from the thematic analysis with statistical significance. The findings suggest that mere use of technology does not have a profound impact on student engagement. Instead, technology tends to amplify the existing classroom culture and social norms agreed upon between the teacher and their students. Texas teachers and students are also …
Date: December 2015
Creator: Ayers, Joseph J.
Object Type: Thesis or Dissertation
System: The UNT Digital Library
No Quarter: the Story of the New Orleans Greys (open access)

No Quarter: the Story of the New Orleans Greys

The purpose of this thesis document is to explain the process of making the documentary film, No Quarter: The Story of the New Orleans Greys. The document is organized by having the prospectus and the film proposal at the beginning, with the body describing how the film was made based on the prospectus. The purpose of the film is to tell the history of a unit of volunteers in the Texas Revolution, the New Orleans Greys. The document describes the methods used to make the film and how it will be distributed to the intended audience. As the thesis explains, the film changed slightly from the prospectus, however the resulting film was successful in telling the history of the little-known New Orleans Greys.
Date: December 2015
Creator: Barnes, Travis S.
Object Type: Thesis or Dissertation
System: The UNT Digital Library
Regional Water Plan: Region B (open access)

Regional Water Plan: Region B

Water plan for Region B describing water resources and suppliers in the area, usage statistics and forecasts, water needs, water management strategies, water conservation plans, drought response plans, the process of creating the plan.
Date: December 2015
Creator: Biggs & Mathews, Inc.
Object Type: Report
System: The Portal to Texas History
Regional Water Plan: Region M (Rio Grande), 2016, Volume 2. Appendices (open access)

Regional Water Plan: Region M (Rio Grande), 2016, Volume 2. Appendices

Appendices for water plan for Region M including recommended and not recommended water management strategies, model drought and water conservation plans, survey data, and related reports on different areas of the water plan.
Date: December 1, 2015
Creator: Black & Veatch
Object Type: Report
System: The Portal to Texas History
Regional Water Plan: Region M (Rio Grande), Volume 1. Executive Summary and Regional Water Plan (open access)

Regional Water Plan: Region M (Rio Grande), Volume 1. Executive Summary and Regional Water Plan

Water plan for Region M (Rio Grande) describing water resources and suppliers in the area, usage statistics and forecasts, water needs, water management strategies, drought response plans, financing for the plan, and the process of creating the plan.
Date: December 1, 2015
Creator: Black & Veatch
Object Type: Report
System: The Portal to Texas History
The Baytown Sun (Baytown, Tex.), Vol. 95, No. 229, Ed. 1 Tuesday, December 1, 2015 (open access)

The Baytown Sun (Baytown, Tex.), Vol. 95, No. 229, Ed. 1 Tuesday, December 1, 2015

Daily newspaper from Baytown, Texas that includes local, state, and national news along with advertising.
Date: December 1, 2015
Creator: Bloom, David
Object Type: Newspaper
System: The Portal to Texas History
The Baytown Sun (Baytown, Tex.), Vol. 95, No. 230, Ed. 1 Wednesday, December 2, 2015 (open access)

The Baytown Sun (Baytown, Tex.), Vol. 95, No. 230, Ed. 1 Wednesday, December 2, 2015

Daily newspaper from Baytown, Texas that includes local, state, and national news along with advertising.
Date: December 2, 2015
Creator: Bloom, David
Object Type: Newspaper
System: The Portal to Texas History
The Baytown Sun (Baytown, Tex.), Vol. 95, No. 231, Ed. 1 Thursday, December 3, 2015 (open access)

The Baytown Sun (Baytown, Tex.), Vol. 95, No. 231, Ed. 1 Thursday, December 3, 2015

Daily newspaper from Baytown, Texas that includes local, state, and national news along with advertising.
Date: December 3, 2015
Creator: Bloom, David
Object Type: Newspaper
System: The Portal to Texas History
The Baytown Sun (Baytown, Tex.), Vol. 95, No. 232, Ed. 1 Friday, December 4, 2015 (open access)

The Baytown Sun (Baytown, Tex.), Vol. 95, No. 232, Ed. 1 Friday, December 4, 2015

Daily newspaper from Baytown, Texas that includes local, state, and national news along with advertising.
Date: December 4, 2015
Creator: Bloom, David
Object Type: Newspaper
System: The Portal to Texas History
The Baytown Sun (Baytown, Tex.), Vol. 95, No. 233, Ed. 1 Sunday, December 6, 2015 (open access)

The Baytown Sun (Baytown, Tex.), Vol. 95, No. 233, Ed. 1 Sunday, December 6, 2015

Daily newspaper from Baytown, Texas that includes local, state, and national news along with advertising.
Date: December 6, 2015
Creator: Bloom, David
Object Type: Newspaper
System: The Portal to Texas History
The Baytown Sun (Baytown, Tex.), Vol. 95, No. 234, Ed. 1 Tuesday, December 8, 2015 (open access)

The Baytown Sun (Baytown, Tex.), Vol. 95, No. 234, Ed. 1 Tuesday, December 8, 2015

Daily newspaper from Baytown, Texas that includes local, state, and national news along with advertising.
Date: December 8, 2015
Creator: Bloom, David
Object Type: Newspaper
System: The Portal to Texas History
The Baytown Sun (Baytown, Tex.), Vol. 95, No. 235, Ed. 1 Wednesday, December 9, 2015 (open access)

The Baytown Sun (Baytown, Tex.), Vol. 95, No. 235, Ed. 1 Wednesday, December 9, 2015

Daily newspaper from Baytown, Texas that includes local, state, and national news along with advertising.
Date: December 9, 2015
Creator: Bloom, David
Object Type: Newspaper
System: The Portal to Texas History
The Baytown Sun (Baytown, Tex.), Vol. 95, No. 236, Ed. 1 Thursday, December 10, 2015 (open access)

The Baytown Sun (Baytown, Tex.), Vol. 95, No. 236, Ed. 1 Thursday, December 10, 2015

Daily newspaper from Baytown, Texas that includes local, state, and national news along with advertising.
Date: December 10, 2015
Creator: Bloom, David
Object Type: Newspaper
System: The Portal to Texas History
The Baytown Sun (Baytown, Tex.), Vol. 95, No. 237, Ed. 1 Friday, December 11, 2015 (open access)

The Baytown Sun (Baytown, Tex.), Vol. 95, No. 237, Ed. 1 Friday, December 11, 2015

Daily newspaper from Baytown, Texas that includes local, state, and national news along with advertising.
Date: December 11, 2015
Creator: Bloom, David
Object Type: Newspaper
System: The Portal to Texas History
The Baytown Sun (Baytown, Tex.), Vol. 95, No. 238, Ed. 1 Sunday, December 13, 2015 (open access)

The Baytown Sun (Baytown, Tex.), Vol. 95, No. 238, Ed. 1 Sunday, December 13, 2015

Daily newspaper from Baytown, Texas that includes local, state, and national news along with advertising.
Date: December 13, 2015
Creator: Bloom, David
Object Type: Newspaper
System: The Portal to Texas History
The Baytown Sun (Baytown, Tex.), Vol. 95, No. 239, Ed. 1 Tuesday, December 15, 2015 (open access)

The Baytown Sun (Baytown, Tex.), Vol. 95, No. 239, Ed. 1 Tuesday, December 15, 2015

Daily newspaper from Baytown, Texas that includes local, state, and national news along with advertising.
Date: December 15, 2015
Creator: Bloom, David
Object Type: Newspaper
System: The Portal to Texas History
The Baytown Sun (Baytown, Tex.), Vol. 95, No. 240, Ed. 1 Wednesday, December 16, 2015 (open access)

The Baytown Sun (Baytown, Tex.), Vol. 95, No. 240, Ed. 1 Wednesday, December 16, 2015

Daily newspaper from Baytown, Texas that includes local, state, and national news along with advertising.
Date: December 16, 2015
Creator: Bloom, David
Object Type: Newspaper
System: The Portal to Texas History