A generalized model for testing the home and favorite team advantage in point spread markets
Article Abstract:
Home and favored teams are given an implied advantage in betting markets despite the equalizer effect of point spreads. A model formulated to test the efficiency of the point spread market in football shows that favored and home teams are favored against underdog and away teams. Although the home advantage is supported when the game is played on neutral site and the opposing teams are equally balanced, the study found that betting biases occur because the considerations are limited to the favored teams.
Publication Name: Journal of Financial Economics
Subject: Economics
ISSN: 0304-405X
Year: 1996
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Testing static tradeoff against pecking order models of capital structure: a critical comment
Article Abstract:
Research is presented challenging existing capital structure model research and suggesting new methods to measure the pecking order theory associated with external financing.
Publication Name: Journal of Financial Economics
Subject: Economics
ISSN: 0304-405X
Year: 2000
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The term structure of very short-term rates: new evidence for the expectations hypothesis
Article Abstract:
Research is presented measuring the effectiveness of short-term expectations as a hypothesis for empirical research use.
Publication Name: Journal of Financial Economics
Subject: Economics
ISSN: 0304-405X
Year: 2000
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