Vichet Sum

University of Maryland Eastern Shore - School of Business and Technology

Department Chair & Associate Professor

2105 Kiah Hall

Princess Anne, MD 21853

United States

http://www.umes.edu/bma/Sum.html

View CV
SCHOLARLY PAPERS

83

DOWNLOADS
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Top 4,944

in Total Papers Downloads

7,076

CITATIONS
Rank 12,938

SSRN RANKINGS

Top 12,938

in Total Papers Citations

30

Scholarly Papers (83)

1.

Stock Market Performance: High and Low Months

Number of pages: 17 Posted: 08 Jun 2013 Last Revised: 31 Oct 2013
Vichet Sum
University of Maryland Eastern Shore - School of Business and Technology
Downloads 247 (83,170)

Abstract:

stock market performance, January effect, April effect, December effect

2.

Economic Policy Uncertainty and Stock Market Returns

International Review of Applied Financial Issues and Economics, Forthcoming
Number of pages: 8 Posted: 03 Jun 2012 Last Revised: 17 Sep 2013
Vichet Sum
University of Maryland Eastern Shore - School of Business and Technology
Downloads 238 (44,932)
Citation 3

Abstract:

economic policy uncertainty, stock returns, VAR

3.

The Impulse Response Function of Economic Policy Uncertainty and Stock Market Returns: A Look at the Eurozone

Journal of International Finance Studies, 12(3), 100-105, June 2012
Number of pages: 10 Posted: 21 Jun 2012 Last Revised: 14 Jul 2013
Vichet Sum
University of Maryland Eastern Shore - School of Business and Technology
Downloads 237 (60,046)

Abstract:

economic policy uncertainty, stock returns, Eurozone

4.

Determinants of Dividend Payments

International Journal of Applied Accounting and Finance, Vol. 1, No. 1, 40-46, 2010
Number of pages: 7 Posted: 23 Jun 2011 Last Revised: 24 Jun 2011
Kate Brown and Vichet Sum
University of Maryland Eastern Shore - School of Business and Technology and University of Maryland Eastern Shore - School of Business and Technology
Downloads 203 (109,791)
Citation 1

Abstract:

Dividend Payments, EBIT, Market Debt to Capital Ratio, Expected Growth Rate in Revenues, Effective Tax Rate

5.

Long-Run Relation and Speed of Adjustment of Economic Policy Uncertainty and Excess Return Volatility

International Research Journal of Finance and Economics, 102, 6-12
Number of pages: 14 Posted: 19 Jun 2012 Last Revised: 30 Dec 2012
Vichet Sum and Fassil Fanta
University of Maryland Eastern Shore - School of Business and Technology and University of Wisconsin - Stout
Downloads 163 (98,326)

Abstract:

economic policy uncertainty, excess return volatility

6.

Economic Policy Uncertainty and Stock Market Performance: Evidence From the European Union, Croatia, Norway, Russia, Switzerland, Turkey and Ukraine

Journal of Money, Investment and Banking, 25, 99-104
Number of pages: 7 Posted: 27 Jun 2012 Last Revised: 09 Jan 2015
Vichet Sum
University of Maryland Eastern Shore - School of Business and Technology
Downloads 154 (81,688)

Abstract:

economic policy uncertainty, stock market performance, Europe

7.

Impulse Response Functions and Causality Test of Financial Stress and Stock Market Risk Premiums

International Journal of Financial Research, 4(1), 1-4
Number of pages: 10 Posted: 07 Jul 2012 Last Revised: 31 Dec 2012
Vichet Sum
University of Maryland Eastern Shore - School of Business and Technology
Downloads 149 (116,063)
Citation 1

Abstract:

financial distress, market risk premiums

8.

Economic Policy Uncertainty in the United States and Europe: A Cointegration Test

International Journal of Economics and Finance, 5(2), 98-101, February 2013
Number of pages: 5 Posted: 03 Jun 2012 Last Revised: 14 Jul 2013
Vichet Sum
University of Maryland Eastern Shore - School of Business and Technology
Downloads 149 (94,575)

Abstract:

economic policy uncertainty, cointegration

9.

Stock Market Performance: Variance Decomposition of Price-Earnings Ratio, Dividend Yield and Tobin's Q

Journal of Financial Transformation, 39, 63-67. April, 2014
Number of pages: 14 Posted: 15 Jul 2013 Last Revised: 17 Apr 2014
Vichet Sum
University of Maryland Eastern Shore - School of Business and Technology
Downloads 144 (138,814)

Abstract:

Tobin’s q ratio, price-earnings ratio, dividend yield, stock market performance

10.

Stock Market Returns and Liquidity: Dynamic Relationships and Causality

Journal of Trading, 9(1), 34-40. January, 2014.
Number of pages: 11 Posted: 18 Nov 2012 Last Revised: 25 Jan 2014
Vichet Sum
University of Maryland Eastern Shore - School of Business and Technology
Downloads 144 (150,597)
Citation 2

Abstract:

liquidity, liquidity shocks, share turnover, stock market returns

11.

Most Ethical Companies and Stock Performance: Empirical Evidence

Sum, V. (2012). Most ethical companies and stock performance: empirical evidence. International Research Journal of Applied Finance, 3(8), 1286-1292.
Number of pages: 8 Posted: 16 May 2012 Last Revised: 25 Sep 2012
Vichet Sum
University of Maryland Eastern Shore - School of Business and Technology
Downloads 137 (152,165)

Abstract:

Risk premiums, risk adjusted excess returns, most ethical companies

12.

Financial Stress and Economic Policy Uncertainty: Impulse Response Functions and Causality

International Research Journal of Applied Finance, 3(11), 1633-1637
Number of pages: 8 Posted: 08 Jul 2012 Last Revised: 22 Nov 2012
Vichet Sum
University of Maryland Eastern Shore - School of Business and Technology
Downloads 133 (102,131)

Abstract:

policy uncertainty, financial stress, business cycle

13.

Interest Rate Sensitivity of Stock Returns: Effects Across the Maturity Profile and Direction of Interest Rate Changes

Lim, S., Sum, V., & Khun, C. (2012). Interest rate sensitivity of stock returns: Effects across the maturity profile and direction of interest rate changes. International Research Journal of Applied Finance, 3(8), 1151-1162.
Number of pages: 15 Posted: 22 May 2012 Last Revised: 25 Sep 2012
Sokchea Lim, Vichet Sum and Channary Khun
John Carroll University - Department of Economics & Finance, University of Maryland Eastern Shore - School of Business and Technology and Southern Illinois University at Carbondale
Downloads 128 (153,804)

Abstract:

interest rate sensitivity, bank stock returns, maturity profile

14.

Effects of Business and Consumer Confidence on Stock Market Returns: Cross-Sectional Evidence

Economics, Management, and Financial Markets, 9(1), 21-25. March, 2014
Number of pages: 7 Posted: 26 Jul 2012 Last Revised: 03 Mar 2014
Vichet Sum
University of Maryland Eastern Shore - School of Business and Technology
Downloads 120 (149,828)

Abstract:

business confidence, consumer confidence, stock market returns

15.

Integrating Training in Business Strategies Means Greater Impact of Training on the Firm’s Competitiveness

Research in Business and Economics Journal, Vol. 4, pp. 1-19, 2011
Number of pages: 19 Posted: 23 Jun 2011
Vichet Sum
University of Maryland Eastern Shore - School of Business and Technology
Downloads 98 (184,116)
Citation 2

Abstract:

Training, Strategic Integration, Firm’s Competitiveness

16.

Tobin's Q and Stock Market Performance

Number of pages: 11 Posted: 14 Jul 2013 Last Revised: 01 Sep 2014
Vichet Sum
University of Maryland Eastern Shore - School of Business and Technology
Downloads 92 (182,979)
Citation 2

Abstract:

Tobin’s q ratio, stock market performance, VAR

17.

A Trade-Off Analysis between Cost Reduction and Product Differentiation for Sustained Competitive Advantage

Number of pages: 5 Posted: 23 Jun 2011
Vichet Sum
University of Maryland Eastern Shore - School of Business and Technology
Downloads 90 (207,519)

Abstract:

Cost Reduction, Differentiation, Sustained Competitive Advantage

18.

The Reaction of Stock Markets in the BRIC Countries to Economic Policy Uncertainty in the United States

Number of pages: 15 Posted: 27 Jun 2012 Last Revised: 29 Dec 2014
Vichet Sum
University of Maryland Eastern Shore - School of Business and Technology
Downloads 82 (179,770)

Abstract:

economic policy uncertainty, stock market performance, USA, BRIC

19.

Stock Returns and Employee Turnover

Sum, V. & Chorlian, J. (2012). Stock returns and employee turnover. International Economics and Finance Journal, 7(2), 347-354.
Number of pages: 9 Posted: 09 May 2012 Last Revised: 25 Sep 2012
Vichet Sum and Jack Chorlian
University of Maryland Eastern Shore - School of Business and Technology and affiliation not provided to SSRN
Downloads 80 (237,497)

Abstract:

Risk premiums, risk adjusted excess returns, employee turnover

20.

Bank Ownership and Performance in Taiwan: Do Politics Matter?

Lin, J. C. & Sum, V. (2012). Bank ownership and performance in Taiwan: Do politics matter? Journal of Finance and Accountancy, 10, 12-30.
Number of pages: 20 Posted: 14 Mar 2012 Last Revised: 25 Sep 2012
Jung-Chu Lin and Vichet Sum
Takming University of Science and Technology - Department of Banking and Finance and University of Maryland Eastern Shore - School of Business and Technology
Downloads 78 (220,253)

Abstract:

Bank, Ownership, Performance, Privatization, M&A, Foreign, Taiwan

21.

The Orthogonal Response of Stock Returns to Dividend Yield and Price-to-Earnings Innovations

Accounting and Finance Research, 2(1), 47-53, 2013
Number of pages: 12 Posted: 21 Oct 2012 Last Revised: 14 Jul 2013
Vichet Sum
University of Maryland Eastern Shore - School of Business and Technology
Downloads 76 (242,655)
Citation 5

Abstract:

S&P 500 returns, dividend yield, price-to-earning ratio

22.

Response of Business and Consumer Confidence to Monetary Policy Shock

The Empirical Economics Letters, 12(11), 1259-1265. November, 2013
Number of pages: 7 Posted: 09 Sep 2012 Last Revised: 25 Jan 2014
Vichet Sum
University of Maryland Eastern Shore - School of Business and Technology
Downloads 76 (208,883)

Abstract:

business confidence, consumer confidence, monetary policy

23.

A Comparative Analysis on the Volume-Return Relationship of the ETF and Stock Market

Journal of Trading, Forthcoming
Number of pages: 28 Posted: 29 Apr 2014 Last Revised: 19 Mar 2015
Jung-Chu Lin and Vichet Sum
Takming University of Science and Technology - Department of Banking and Finance and University of Maryland Eastern Shore - School of Business and Technology
Downloads 72 (199,664)

Abstract:

Trading volume, return, quantile regression

24.

The ASEAN Stock Market Performance and Economic Policy Uncertainty in the United States

Economic Papers: A Journal of Applied Economics and Policy, 32(4), 512-521. December, 2013
Number of pages: 19 Posted: 26 Jun 2012 Last Revised: 25 Jan 2014
Vichet Sum
University of Maryland Eastern Shore - School of Business and Technology
Downloads 69 (203,522)

Abstract:

economic policy uncertainty, stock market performance, USA, ASEAN

25.

Innovation and Firm Performance: Evidence from the Capital Market

Journal of Modern Accounting and Auditing, 9(2), 272-277, February 2013
Number of pages: 7 Posted: 30 May 2012 Last Revised: 14 Jul 2013
Vichet Sum
University of Maryland Eastern Shore - School of Business and Technology
Downloads 69 (275,447)

Abstract:

risk premiums, risk adjusted excess returns, innovation

26.

Real Estate Sector Response to Economic Policy Uncertainty Shocks

International Research Journal of Applied Finance, 3(12), 1739-1747
Number of pages: 11 Posted: 26 Sep 2012 Last Revised: 30 Dec 2012
Vichet Sum and Kate Brown
University of Maryland Eastern Shore - School of Business and Technology and University of Maryland Eastern Shore - School of Business and Technology
Downloads 67 (218,785)

Abstract:

REIT, economic policy uncertainty, VAR

27.

Does Short Selling Erode Market Liquidity?

Number of pages: 13 Posted: 16 Jan 2014 Last Revised: 04 Feb 2015
Vichet Sum and An Wang
University of Maryland Eastern Shore - School of Business and Technology and University of Maryland - Department of Economics
Downloads 66 (224,765)

Abstract:

short interest ratio, stock market liquidity, trading activity, SVAR

28.

The Impulse Response Functions of Stock Market Returns to Temperature and Precipitation Innovations

International Research Journal of Applied Finance, 4(3), 429-450, 2013
Number of pages: 24 Posted: 02 Oct 2012 Last Revised: 14 Jul 2013
Vichet Sum
University of Maryland Eastern Shore - School of Business and Technology
Downloads 66 (223,283)

Abstract:

stock market returns, weather, temperature, precipitation

29.

The Effect of Economic Policy Uncertainty in the US on the Stock Market Performance in Canada and Mexico

International Journal of Economics and Finance, 4(11), 165-171
Number of pages: 15 Posted: 23 Jun 2012 Last Revised: 16 Oct 2012
Vichet Sum
University of Maryland Eastern Shore - School of Business and Technology
Downloads 62 (273,325)

Abstract:

economic policy uncertainty, stock return performance, Canada, Mexico

30.

Stock Performance and the Firm’s Training Program

Sum, V. (2012). Stock performance and the firm's training program. International Research Journal of Applied Finance, 3(5), 554-559.
Number of pages: 9 Posted: 15 Mar 2012 Last Revised: 25 Sep 2012
Vichet Sum
University of Maryland Eastern Shore - School of Business and Technology
Downloads 59 (291,149)
Citation 3

Abstract:

Training, Portfolio Performance, Efficient Market Hypothesis

31.

Can Business Confidence and Consumer Confidence Jointly Explain Stock Market Returns? Evidence from Panel Data

Sum, V., Ali, M., & Das, M. (2016). Can business confidence and consumer confidence jointly explain stock market returns? Evidence from panel data. Advances in Investment Analysis and Portfolio Management, 7, 1-7.
Number of pages: 9 Posted: 07 Aug 2013 Last Revised: 02 Mar 2016
Vichet Sum, Mohammad Ali and Monisha Das
University of Maryland Eastern Shore - School of Business and Technology, University of Maryland Eastern Shore - School of Business and Technology and University of Maryland Eastern Shore - School of Business and Technology
Downloads 58 (257,205)

Abstract:

business confidence, consumer confidence, stock market returns

32.

Stock Market Risk Premiums, Business Confidence and Consumer Confidence: Dynamic Effects and Variance Decomposition

International Journal of Economics and Finance, 5(9), 45-49. August, 2013
Number of pages: 10 Posted: 19 Jul 2012 Last Revised: 25 Jan 2014
Vichet Sum and Jack Chorlian
University of Maryland Eastern Shore - School of Business and Technology and University of La Verne
Downloads 57 (271,283)

Abstract:

business confidence, consumer confidence, stock market risk premiums

33.

Short Interest Ratio and Equity Market Return: Causality and Impulse Response Functions

Advances in Financial Planning and Forecasting, 6, 233-247. (2015)
Number of pages: 18 Posted: 01 Oct 2013 Last Revised: 19 Mar 2015
Vichet Sum and Jung-Chu Lin
University of Maryland Eastern Shore - School of Business and Technology and Takming University of Science and Technology - Department of Banking and Finance
Downloads 56 (282,042)

Abstract:

short interest ratio, trading activity, stock market return

34.

Stock Market Dividend Yield and Tobin's Q

Number of pages: 11 Posted: 14 Jul 2013 Last Revised: 01 Sep 2014
Vichet Sum
University of Maryland Eastern Shore - School of Business and Technology
Downloads 55 (247,831)
Citation 3

Abstract:

Tobin’s q ratio, S&P 500 Dividend Yield, VAR

35.

Does Economic Policy Uncertainty in the United States Affect Stock Market Performance in Europe?

International Research Journal of Finance and Economics, 98, 40-45.
Number of pages: 12 Posted: 23 Jun 2012 Last Revised: 04 Oct 2012
Vichet Sum
University of Maryland Eastern Shore - School of Business and Technology
Downloads 52 (251,541)

Abstract:

economic policy uncertainty, stock market performance, USA, Europe

36.

Stock Market Liquidity and Corporate Profit Growth

Number of pages: 10 Posted: 01 Aug 2013 Last Revised: 19 Aug 2013
Vichet Sum
University of Maryland Eastern Shore - School of Business and Technology
Downloads 51 (316,285)
Citation 1

Abstract:

liquidity, liquidity shocks, share turnover, corporate profit growth

37.

Economic Growth Risk and Stock Market Performance: Cross-Sectional Evidence from 70 Countries

Number of pages: 21 Posted: 12 May 2014 Last Revised: 04 Feb 2015
Vichet Sum and An Wang
University of Maryland Eastern Shore - School of Business and Technology and University of Maryland - Department of Economics
Downloads 49 (273,325)
Citation 1

Abstract:

economic growth risk, GDP growth volatility, stock market returns

38.

Commercial Bank Performance and Loan Delinquency

Number of pages: 13 Posted: 28 Jun 2013 Last Revised: 02 May 2014
Vichet Sum
University of Maryland Eastern Shore - School of Business and Technology
Downloads 48 (271,283)
Citation 1

Abstract:

loan delinquency, commercial banks, financial sector performance

39.

Most Admired Companies: Admirable Performance

Journal of Applied Finance and Banking, 2(6), 191-199, 2013
Number of pages: 9 Posted: 26 May 2012 Last Revised: 14 Jul 2013
Vichet Sum
University of Maryland Eastern Shore - School of Business and Technology
Downloads 48 (316,285)

Abstract:

Risk adjusted excess returns, most admired companies, efficient market hypothesis

40.

On the Functional Forms and Stability of Money Demand: The U.S., Japan and Australia

Lim, S., Khun, C, & Sum, V. (2012). On the functional forms and stability of money demand: The U.S., Japan and Australia. Research in Business and Economics Journal, 6, 150-168.
Number of pages: 27 Posted: 03 Apr 2012 Last Revised: 25 Sep 2012
Sokchea Lim, Channary Khun and Vichet Sum
John Carroll University - Department of Economics & Finance, Southern Illinois University at Carbondale and University of Maryland Eastern Shore - School of Business and Technology
Downloads 48 (319,066)

Abstract:

Money Demand, Cointegration, Welfare Cost of Inflation

41.

A Comparison of Strategic Involvement of Training Professionals Employed in Small, Medium and Large Firms

Sum, V. (2012). A comparison of strategic involvement of training professionals employed in small, medium and large firms. Academy of Business Journal, 2, 63-71.
Number of pages: 10 Posted: 22 Feb 2012 Last Revised: 25 Sep 2012
Vichet Sum
University of Maryland Eastern Shore - School of Business and Technology
Downloads 48 (308,387)

Abstract:

strategic involvement, Porter’s generic strategies, Ansoff’s growth strategies

42.

Why Should You Invest in the Best Companies to Work For?

Journal of Investing, 23(2), 69-73. May, 2014.
Number of pages: 13 Posted: 28 Oct 2011 Last Revised: 29 May 2014
Vichet Sum
University of Maryland Eastern Shore - School of Business and Technology
Downloads 47 (288,773)

Abstract:

Risk premiums, risk adjusted excess returns, efficient market hypothesis

43.

Covariance Patterns of the Commodity and Equity Markets: A Recent Surprise

Journal of Index Investing, 5(1), 33-37. May, 2014.
Number of pages: 9 Posted: 27 Jul 2013 Last Revised: 29 May 2014
Vichet Sum
University of Maryland Eastern Shore - School of Business and Technology
Downloads 45 (327,618)

Abstract:

covariance, stock market, commodity market, surprise

44.

Evaluating the Competitiveness of Least-Developed Countries – The Example of Cambodia

Asia Pacific Management Review, Vol. 9, No. 2, pp. 205-227, 2004
Number of pages: 23 Posted: 27 Jun 2011 Last Revised: 30 Jun 2011
affiliation not provided to SSRN, affiliation not provided to SSRN, affiliation not provided to SSRN, affiliation not provided to SSRN and University of Maryland Eastern Shore - School of Business and Technology
Downloads 45 (313,600)

Abstract:

Cambodia, National Competitiveness

45.

Quality of the Firm’s Training and Stock Returns

Journal of Wealth Management, 16(4), 48-54. January, 2014
Number of pages: 15 Posted: 19 Jun 2011 Last Revised: 26 Jan 2014
Vichet Sum
University of Maryland Eastern Shore - School of Business and Technology
Downloads 40 (355,103)

Abstract:

Risk premiums, risk adjusted excess returns, training

46.

Unemployment, Consumer Confidence, Business Confidence, Inflation and Monetary Policy

Number of pages: 13 Posted: 16 Sep 2012 Last Revised: 19 Sep 2013
Vichet Sum
University of Maryland Eastern Shore - School of Business and Technology
Downloads 38 (298,207)

Abstract:

unemployment, business confidence, consumer confidence, inflation, monetary policy

47.

Strategic Integration of Training and Innovation: Significantly Connected

Journal of Global Information Technology, Vol. 7, Nos. 1-2, pp. 7-20, 2009
Number of pages: 14 Posted: 27 Jun 2011
Vichet Sum
University of Maryland Eastern Shore - School of Business and Technology
Downloads 38 (330,545)
Citation 2

Abstract:

Resource-Based View of the Firm, Innovation, Training, Strategic Integration

48.

Workforce Diversity and Stock Returns

Sum, V. (2012). Workforce diversity and stock returns. International Research Journal of Finance and Economics, 92, 82-86.
Number of pages: 7 Posted: 10 Nov 2011 Last Revised: 25 Sep 2012
Vichet Sum
University of Maryland Eastern Shore - School of Business and Technology
Downloads 36 (348,708)

Abstract:

Diversity, Stock Returns

49.

The January and Size Effects on Stock Returns: More Evidence

International Journal of Applied Accounting and Finance, Vol. 1, No. 1, pp. 47-52, 2010
Number of pages: 7 Posted: 19 Jun 2011 Last Revised: 21 Jun 2011
Vichet Sum
University of Maryland Eastern Shore - School of Business and Technology
Downloads 35 (358,415)

Abstract:

January and Size Effects, Stock Returns

50.

Dynamic Effects of Financial Stress on the U.S. Real Estate Market Performance

Number of pages: 25 Posted: 04 Jan 2013 Last Revised: 02 May 2014
Vichet Sum
University of Maryland Eastern Shore - School of Business and Technology
Downloads 34 (361,687)
Citation 1

Abstract:

REIT returns, financial stress, dynamic effects, variance decomposition, VAR

51.

Commercial Paper Rates and Stock Market Excess Returns

Journal of Finance and Investment Analysis (2013), 2(1), 77-83, 2013
Number of pages: 12 Posted: 18 Sep 2012 Last Revised: 14 Jul 2013
Vichet Sum
University of Maryland Eastern Shore - School of Business and Technology
Downloads 33 (375,780)
Citation 1

Abstract:

stock market excess returns, commercial paper rates, VAR

52.

Training and the Firm's Competitiveness: A Survey of Practitioners

Economics, Management, and Financial Markets, 9(2), 11-26.
Number of pages: 22 Posted: 06 Sep 2013 Last Revised: 30 May 2014
Vichet Sum and Jack Chorlian
University of Maryland Eastern Shore - School of Business and Technology and University of La Verne
Downloads 32 (327,618)

Abstract:

training, firm’s competitiveness, resource-based view of the firm

53.

Strategic Involvement of Training Professionals in the Firm’s Business Strategies: Evidence from the U.S.

Global Journal of Business Research (2013), 7(4), 127-134
Number of pages: 9 Posted: 04 Nov 2011 Last Revised: 14 Jul 2013
Vichet Sum and Jack Chorlian
University of Maryland Eastern Shore - School of Business and Technology and University of La Verne
Downloads 30 (365,155)

Abstract:

Strategic Integration, Training, Business Strategies

54.

Dynamic Response of Market Dividend Yield and Price-to-Earnings Ratio to Corporate Profit Growth Shock

Number of pages: 20 Posted: 01 Aug 2013 Last Revised: 04 May 2014
Vichet Sum
University of Maryland Eastern Shore - School of Business and Technology
Downloads 29 (358,415)
Citation 1

Abstract:

S&P 500 dividend yield, S&P 500 price-to-earnings ratio, corporate profit growth

55.

Can Firms with the Best Training Program Withstand the Storm of Economic Policy Uncertainty?

Journal of Business Economics and Management, (2013), Forthcoming
Number of pages: 12 Posted: 02 Jul 2012 Last Revised: 30 Dec 2012
Vichet Sum
University of Maryland Eastern Shore - School of Business and Technology
Downloads 27 (368,745)

Abstract:

economic policy uncertainty, stock market performance, training program

56.

Equity Trading Activity and Credit Spread Shock

Journal of Trading, 9(2), 21-26. March, 2014.
Number of pages: 12 Posted: 28 Sep 2013 Last Revised: 17 Apr 2014
Vichet Sum
University of Maryland Eastern Shore - School of Business and Technology
Downloads 26 (375,780)

Abstract:

share turnover, trading activity, credit spread

57.

Short Interest and Aggregate Tobin’s Q Dynamics

Number of pages: 12 Posted: 02 Oct 2013 Last Revised: 01 Sep 2014
Vichet Sum
University of Maryland Eastern Shore - School of Business and Technology
Downloads 24 (399,020)

Abstract:

short interest ratio, trading activity, Tobin’s q

58.

Employee Benefits and Stock Returns: A Look at Health Care Benefits

Accounting and Taxation (2013), 5(1), 1-8
Number of pages: 8 Posted: 11 May 2012 Last Revised: 14 Jul 2013
Vichet Sum
University of Maryland Eastern Shore - School of Business and Technology
Downloads 24 (412,071)

Abstract:

risk premiums, risk adjusted excess returns, health-care premiums

59.

Long-Term Private Sector External Debt and Equity Returns: Cross-Sectional Evidence from 26 Emerging and Frontier Markets

Number of pages: 12 Posted: 12 May 2014 Last Revised: 20 May 2014
Vichet Sum
University of Maryland Eastern Shore - School of Business and Technology
Downloads 22 (394,949)

Abstract:

long-term external debt, private sector, stock market returns

60.

Commercial Real Estate Loan Delinquency and Real Estate Market Performance

Number of pages: 10 Posted: 08 Jul 2013 Last Revised: 20 Aug 2013
Vichet Sum
University of Maryland Eastern Shore - School of Business and Technology
Downloads 22 (416,669)

Abstract:

real estate loan delinquency, real estate market performance, REITs

61.

Economic Growth, Stock Market Performance, Economic Growth Uncertainty and Foreign Participation in Local Equity Market: A Cross-Sectional Examination of 63 Countries

Number of pages: 19 Posted: 13 May 2014 Last Revised: 04 Feb 2015
Vichet Sum and An Wang
University of Maryland Eastern Shore - School of Business and Technology and University of Maryland - Department of Economics
Downloads 21 (375,780)

Abstract:

economic growth, GDP growth rate, GDP growth uncertainty, stock market performance, foreign stock market investment

62.

Financial Stress and Commercial Bank Loan Delinquency

Banks and Bank Systems, 8(3), 72-75. November, 2013.
Number of pages: 11 Posted: 03 Jul 2013 Last Revised: 25 Jan 2014
Vichet Sum and Jung-Chu Lin
University of Maryland Eastern Shore - School of Business and Technology and Takming University of Science and Technology - Department of Banking and Finance
Downloads 21 (431,453)

Abstract:

loan delinquency, commercial banks, financial stress

63.

Can Retail Investors Drive Up Stock Prices?

Number of pages: 12 Posted: 17 Oct 2013 Last Revised: 23 Dec 2013
Vichet Sum
University of Maryland Eastern Shore - School of Business and Technology
Downloads 14 (457,464)

Abstract:

odd lot purchase, retail investor, trading activity, stock market return

64.

How Do Stock Returns on the U.S. Manufacturing Industry Respond to Raw Materials Price Shock?

Number of pages: 9 Posted: 29 Aug 2012 Last Revised: 24 Jun 2013
Vichet Sum
University of Maryland Eastern Shore - School of Business and Technology
Downloads 12 (416,669)

Abstract:

stock returns, manufacturing, raw materials, commodities

65.

Economic Growth Risk: The Role of Foreign Development Assistance and Its Uncertainty

Number of pages: 12 Posted: 27 Jun 2014 Last Revised: 29 Jun 2016
Vichet Sum
University of Maryland Eastern Shore - School of Business and Technology
Downloads 11 (457,464)

Abstract:

Foreign Development Assistance, Uncertainty, Economic Growth Risk

66.

The Effect of the Demand Side’s Confidence on the Supply Side’s Confidence: The Mediating Role of Financial Stress

Investment Management and Financial Innovations, 10(4), 43-47. December, 2013.
Number of pages: 12 Posted: 29 Aug 2012 Last Revised: 25 Jan 2014
Vichet Sum, Jack Chorlian and Jung-Chu Lin
University of Maryland Eastern Shore - School of Business and Technology, University of La Verne and Takming University of Science and Technology - Department of Banking and Finance
Downloads 11 (441,756)

Abstract:

business confidence, consumer confidence, financial stress

67.

Does Economic Policy Uncertainty in the United States Have Any Impact on the Stock Market Performance in Australia and New Zealand?

Number of pages: 14 Posted: 27 Jun 2012 Last Revised: 09 Oct 2013
Vichet Sum
University of Maryland Eastern Shore - School of Business and Technology
Downloads 9 (431,453)

Abstract:

economic policy uncertainty, stock market, USA, Australia, New Zealand

68.

Dynamic Response of Equity Market Returns to Corporate Profit Growth Shock

Number of pages: 12 Posted: 01 Aug 2013 Last Revised: 24 Aug 2013
Vichet Sum
University of Maryland Eastern Shore - School of Business and Technology
Downloads 8 (467,890)

Abstract:

corporate profit growth, returns on the S&P 500, VAR

69.

Corporate Profit and Credit Spread Dynamics

Posted: 14 Aug 2014
Vichet Sum
University of Maryland Eastern Shore - School of Business and Technology

Abstract:

corporate profit growth, credit spread, VAR

70.

Banking Sector Performance and Credit Spread

Posted: 29 Jul 2014
Vichet Sum
University of Maryland Eastern Shore - School of Business and Technology

Abstract:

credit spread, banking sector performance, VAR

71.

The Power of T-1 Returns

Posted: 29 Jul 2014
Vichet Sum
University of Maryland Eastern Shore - School of Business and Technology

Abstract:

market efficiency, stock market performance, forecasting

72.

Short Interest and Credit Spread Dynamics

Posted: 27 Jul 2014
Vichet Sum
University of Maryland Eastern Shore - School of Business and Technology

Abstract:

short interest ratio, credit spread, VAR

73.

Global Stock Markets and Investment Opportunities in the United States

Posted: 12 Jan 2014
Vichet Sum
University of Maryland Eastern Shore - School of Business and Technology

Abstract:

Tobin’s q, investment opportunities and global stock markets

74.

U.S. Credit Spread and Global Stock Markets

Posted: 12 Jan 2014
Vichet Sum
University of Maryland Eastern Shore - School of Business and Technology

Abstract:

credit spread, global stock markets

75.

Stock Market Price-to-Earnings Ratio and Credit Spread: Dynamic Response and Causality

Posted: 04 Oct 2013
Vichet Sum
University of Maryland Eastern Shore - School of Business and Technology

Abstract:

S&P 500 price-to-earnings ratio, credit spread, VAR

76.

Dynamic Response of Credit Spread to S&P 500 Dividend Yield Shock

Posted: 03 Oct 2013
Vichet Sum
University of Maryland Eastern Shore - School of Business and Technology

Abstract:

S&P 500 dividend yield, credit spread, VAR

77.

Credit Spread and Aggregate Tobin's Q

Posted: 30 Sep 2013
Vichet Sum
University of Maryland Eastern Shore - School of Business and Technology

Abstract:

Credit spread, Tobin’s q ratio, VAR

78.

Dynamic Effect of Tobin's Q on Price-to-Earnings Ratio

Managerial Finance, 40(6), 634-643. May, 2014.
Posted: 12 Jul 2013 Last Revised: 30 May 2014
Vichet Sum
University of Maryland Eastern Shore - School of Business and Technology

Abstract:

Tobin’s q ratio, price-to-earnings ratio, VAR

79.

How Does Economic Policy Uncertainty in Europe Affect the U.S. Stock Market?

Posted: 28 Jun 2012
Vichet Sum
University of Maryland Eastern Shore - School of Business and Technology

Abstract:

economic policy uncertainty, stock market performance, USA, Europe

80.

Do Stock Markets in South Asia Respond to Economic Policy Uncertainty in the United States?

Posted: 27 Jun 2012
Vichet Sum
University of Maryland Eastern Shore - School of Business and Technology

Abstract:

economic policy uncertainty, stock return performance, USA, South Asia

81.

Can Economic Policy Uncertainty in the United States Predict the Performance of Stock Markets in South America?

Posted: 26 Jun 2012
Vichet Sum
University of Maryland Eastern Shore - School of Business and Technology

Abstract:

economic policy uncertainty, stock return performance, USA, South America

82.

How Do Stock Markets in China and Japan Respond to Economic Policy Uncertainty in the United States?

Posted: 26 Jun 2012
Vichet Sum
University of Maryland Eastern Shore - School of Business and Technology

Abstract:

economic policy uncertainty, stock market performance, USA, Japan, China

83.

The Effect of Economic Policy Uncertainty in the United States on Stock Market Performance of the Asian Tiger Economies

Posted: 26 Jun 2012
Vichet Sum
University of Maryland Eastern Shore - School of Business and Technology

Abstract:

economic policy uncertainty, stock market performance, USA, Tiger economies