Oghenovo A. Obrimah

FISK University

1000 17th Ave N

Nashville, TN TN 37208-3051

United States

SCHOLARLY PAPERS

109

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5,377

SSRN CITATIONS

333

CROSSREF CITATIONS

97

Scholarly Papers (109)

1.

IPO Signaling Theory: A Revisit

Number of pages: 76 Posted: 15 Jan 2017 Last Revised: 01 Apr 2021
Oghenovo A. Obrimah
FISK University
Downloads 423 (120,096)
Citation 9

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Underpricing, Information Asymmetry, IPO Quality, Game Theory, Price Drift, Rational Expectations, Separating or Pooling Equilibriums

2.

A New Test of the Signaling Theory of IPO Underpricing

Number of pages: 38 Posted: 12 Jan 2017 Last Revised: 19 Apr 2019
Oghenovo A. Obrimah
FISK University
Downloads 295 (178,756)
Citation 9

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Underpricing, Initial Public Offering (IPO), Price Drift, Signaling, Quality, Proceeds, IPO Performance

3.

How Do Higher Quality Entrepreneurs Choose Venture Capitalists?

Number of pages: 37 Posted: 04 Jan 2005
Oghenovo A. Obrimah
FISK University
Downloads 256 (205,655)

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Venture Capital, Entrepreneurship, IPOs, Certification, Adverse Selection

How Relevant is the Capital Asset Pricing Model (CAPM) for Tests of Market Efficiency on the Nigerian Stock Exchange?

Number of pages: 34 Posted: 25 Aug 2014
Oghenovo A. Obrimah, Jacob Alabi and Blessing Ugo-Harry
FISK University, Profund Securities Limited and Babcock University - Department of Bursary
Downloads 198 (261,772)
Citation 12

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Market Efficiency, Stocks, Returns, Risk, Premiums, Skewness Preference, Risk Aversion, Idiosyncratic Risk, Co-skewnees

How Relevant is the Capital Asset Pricing Model (CAPM) for Tests of Market Efficiency on the Nigerian Stock Exchange?

African Development Review 27, 262-273
Number of pages: 12 Posted: 04 Sep 2019 Last Revised: 01 Feb 2023
Oghenovo A. Obrimah, Jacob Alabi and Blessing Ugo-Harry
FISK University, Profund Securities Limited and Babcock University - Department of Bursary
Downloads 12 (995,607)
Citation 6

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CAPM, Market Efficiency, Stocks, Returns, Risk, Premiums, Skewness Preference, Risk Aversion, Co-skewness, Idiosyncratic Risk

5.

Exchange Rate Predictability and the Skewness of Bid-Ask Spreads

Number of pages: 37 Posted: 13 May 2015 Last Revised: 31 Dec 2018
Oghenovo A. Obrimah
FISK University
Downloads 166 (306,126)
Citation 1

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Exchange Rate, Skewness, Bid-Ask Spread, ARCH, Efficiency, Market Risk

6.

Law, Finance, and Venture Capitalists' Asset Allocation Decisions

Number of pages: 55 Posted: 28 Jun 2004
Oghenovo A. Obrimah
FISK University
Downloads 161 (314,197)
Citation 1

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Venture Capital, International Finance

7.

The Effects of Relative or Absolute Risk Aversion on Production Efficiency in Agriculture: Evidence from the 'Bread Basket' of Nigeria

Number of pages: 36 Posted: 25 Aug 2014 Last Revised: 03 May 2017
Oghenovo A. Obrimah
FISK University
Downloads 118 (400,778)
Citation 3

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Agriculture Financing, Peasant Farmers, Output, Productivity, Risk Aversion, Interest Rates, Credit Rationing

8.

Nestlé Nigeria: Working Capital Management

Number of pages: 15 Posted: 20 Mar 2018
Oghenovo A. Obrimah
FISK University
Downloads 116 (405,784)

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Corporate Social Responsibility; Working Capital; Receivables; Payables; Market Efficiency

9.

Rationality of Deviations between Fundamental Valuations and Market Valuations

Number of pages: 56 Posted: 21 Apr 2018 Last Revised: 08 Jan 2022
Oghenovo A. Obrimah
FISK University
Downloads 110 (421,822)
Citation 5

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Risk Seeking, Proved Reserves, Dynamic or Static Decision Rules, Stock Returns, Core Asset Risk, Asset Pricing Models

10.

Farm Data, Agency Problems, and Free Cash Flow Theory

Number of pages: 32 Posted: 02 Sep 2015 Last Revised: 03 May 2017
Oghenovo A. Obrimah
FISK University
Downloads 94 (470,004)

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Agriculture, Financing, Farmers, Productivity, Agency Problems, Free Cash Flow, Credit Rationing

11.

Does Agricultural Financing Really Have an Impact on Farmers' Choices between Different Farming Activities? Evidence from Nigeria

Number of pages: 36 Posted: 21 Aug 2014 Last Revised: 03 May 2017
Oghenovo A. Obrimah, Faith Abimiku and Patricia Briggs
FISK University, Independent and Isaac Jasper Boro College of Education
Downloads 93 (473,291)
Citation 3

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Agriculture Financing, Credit Constraints, Peasant Farmers, Output, Productivity, Crop Insurance, Farmer, Experience, Activities

12.

Investor Protections and Their Impact on Capital Markets

Investor protections and their impact on capital markets, 2010. Handbook on Emerging Issues in Corporate Governance, ED. Tourani-Rad, Publisher - Ingley
Number of pages: 24 Posted: 28 Aug 2014
Manu Gupta, Oghenovo A. Obrimah, Nanda K. Rangan and Puneet Prakash
Virginia Commonwealth University (VCU) - Department of Finance, Insurance & Real Estate, FISK University, Virginia Commonwealth University and Missouri State University
Downloads 83 (507,703)

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Investor protection laws, preemptive rights, remedial rights

Information Production within the Venture Capital Market: Implications for Economic Growth and Development

Number of pages: 63 Posted: 04 Aug 2014 Last Revised: 20 Jun 2016
Oghenovo A. Obrimah
FISK University
Downloads 70 (567,380)
Citation 13

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Venture Capital, Initial Returns, Innovation, Underpricing, Information Asymmetry, IPO, Economic Development

Information Production within the Venture Capital Market: Implications for Economic Growth and Development

Journal of Economics and Business, Vol. 87, p. 1-17, 2016
Number of pages: 17 Posted: 24 Jun 2016 Last Revised: 22 Jan 2023
Oghenovo A. Obrimah
FISK University
Downloads 5 (1,069,573)
Citation 9

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Venture Capital, Initial Returns, Innovation, Information Asymmetry, IPO, Economic Growth & Development

14.

Underpricing of Initial Public Offerings (IPOs) and the Credibility of Underwriters' Pricing Services

SN Business & Economics 3, 45
Number of pages: 44 Posted: 30 Jun 2017 Last Revised: 23 Jul 2023
Oghenovo A. Obrimah
FISK University
Downloads 72 (551,239)
Citation 15

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Reputation, Underwriters, Adverse Selection, Valuation Uncertainty, Book-to-Market, HML

Consolidation within the Banking Sector and Savings Deposits: Effects on Liquidity, Output, and Profitability within the Nigerian Economy

Number of pages: 43 Posted: 15 Aug 2014 Last Revised: 13 Jan 2015
Oghenovo A. Obrimah and Chidinma Ebere
FISK University and Babcock University
Downloads 65 (591,022)
Citation 3

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Consolidation, Mergers, Regulation, Savings, Deposits, Banks, Competition, Structure, Loans

Consolidation within the Banking Sector and Savings Deposits: Effects on Liquidity, Output, and Profitability within the Nigerian Economy

Annals of Financial Economics 10, 1550001 [29 pages] DOI: 10.1142/S2010495215500013
Number of pages: 29 Posted: 06 Feb 2015 Last Revised: 22 Jan 2023
Oghenovo A. Obrimah and Chidinma Ebere
FISK University and Babcock University
Downloads 6 (1,053,586)

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Consolidation; Mergers; Acquisitions; Regulation; Savings; Deposits; Loans; Competition; Banks; Structure

16.

Credit Market Imperfections and Monetary Policy: Effects on the Optimality of Trade Credit Durations for Business Volumes

Number of pages: 43 Posted: 04 Aug 2014 Last Revised: 22 Apr 2016
Oghenovo A. Obrimah
FISK University
Downloads 69 (564,022)
Citation 1

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Trade Credit; Credit Market Imperfections; Monetary Policy; Production Risk; Transactions Motive; Optimal

17.
Downloads 63 (591,141)
Citation 3

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Depreciation, Exchange Rates, Bank Regulation, Nigeria, Risk, Profitability, Private Sector

18.
Downloads 62 (595,981)
Citation 5

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IPO Size, Equity Issue Spread, Underwriting and Underpricing, IPO Quality, IPO Proceeds, Underwriter Reputation

19.

Are Fund Alphas Robust Proxies for Funds Managers' Managerial Skill?

Number of pages: 65 Posted: 12 Dec 2018 Last Revised: 29 Jun 2021
Oghenovo A. Obrimah
FISK University
Downloads 60 (605,676)
Citation 6

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Venture Capital, Mutual Funds, Investment Opportunity Set, Skill, Uncertainty, Market Imperfections

20.

Price Discovery within Foreign Exchange Markets and the Severity of Information Risk

Number of pages: 32 Posted: 04 Apr 2015 Last Revised: 08 Jan 2019
Oghenovo A. Obrimah
FISK University
Downloads 60 (605,676)
Citation 1

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Exchange Rates, Volatility, Inventory or Information Risk, Efficiency, Bid-Ask Spreads, Dealers, Risk Aversion, ARCH

21.

Market Power, Loan Market Diversification, and Risk-Return Trade-Offs within Banking Sectors

Number of pages: 49 Posted: 06 Jul 2016 Last Revised: 07 Oct 2019
Oghenovo A. Obrimah
FISK University
Downloads 57 (621,101)
Citation 6

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Market Power, Diversification, Risk, Return, Bank Stability, Competition

22.

How Important Is Innovation for Venture Capitalists' (VCs') Market Reputation?

Quarterly Review of Economics and Finance 61, 64-76, 2014
Number of pages: 13 Posted: 26 Aug 2014 Last Revised: 22 Jan 2023
Oghenovo A. Obrimah
FISK University
Downloads 57 (621,101)
Citation 16

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Venture Capital, Investments, Innovation, Diversification, Market Reputation, Portfolio Risk

23.

Parameterizing Opportunity Set Risk and Search Costs within Venture Capital Markets

Number of pages: 71 Posted: 19 Aug 2014 Last Revised: 05 Dec 2018
Oghenovo A. Obrimah
FISK University
Downloads 57 (626,300)
Citation 5

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Venture Capital, Investments, Opportunity Sets, Search Costs, Risk, Deal Screening, Market Efficiency, Rational Expectations, Equilibrium Prices

24.

Syndication, Ability, and Price Equilibriums within Venture Capital Markets

2017 Emerging Trends in Entrepreneurial Finance Conference
Number of pages: 67 Posted: 11 Apr 2017 Last Revised: 03 Mar 2019
Oghenovo A. Obrimah
FISK University
Downloads 56 (626,300)
Citation 5

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Venture Capital, Market Reputation, Intrinsic Ability, Syndication, Innovation, Innovativeness, Entrepreneurs

25.

Disaggregating Exit Success Rates into Ability and Risk Components

Number of pages: 54 Posted: 30 Sep 2014
Oghenovo A. Obrimah
FISK University
Downloads 56 (626,300)
Citation 2

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Venture Capital, Ability, Risk, Skewness, Diversification, Exit Rates, Fund Size

26.

Modeling of Economic Growth Vis-a-Vis Modeling of Economic Development: Dichotomies Characteristic of General Equilibrium

Number of pages: 29 Posted: 28 Jul 2021 Last Revised: 08 Oct 2021
Oghenovo A. Obrimah
FISK University
Downloads 55 (631,579)

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Uncertainty, Government Largesse, Technical Change, Income Inequality, Production Functions, Independence Axiom

27.

Crude Oil Prices, Risk Preferences, and Intertemporal Variation in Market Expected Returns: Empirical Evidence from the Nigerian Stock Exchange (NSE)

Number of pages: 39 Posted: 09 Oct 2015 Last Revised: 14 Oct 2019
Oghenovo A. Obrimah
FISK University
Downloads 52 (648,016)
Citation 2

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Volatility, Hedging, Crude Oil Prices, Risk Aversion, Skewness Preference, Market Returns, Risk Preferences

28.

Implications of New Keynesian Theory for Research Design: Differences Induced by Cross-Country Variations in Exchange Rate Regimes

International Journal of Regional Development 3, 76-88, 2016
Number of pages: 22 Posted: 09 Sep 2014 Last Revised: 28 Sep 2019
Oghenovo A. Obrimah
FISK University
Downloads 52 (648,016)

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Monetary Policy, Investments, New Keynesian theory, Financing, Exchange Rates, Exports, Imports, Inflation

29.
Downloads 51 (653,554)
Citation 1

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Carbon Dating, Philosophy of Science, Evolutionary Theory, Soils, Intentional Design, Fossils, Creationism

30.

Funds Managers' Risk Tolerance vis-a-vis Ability: Market Structure Implications

Number of pages: 61 Posted: 16 Aug 2017 Last Revised: 29 Jun 2021
Oghenovo A. Obrimah
FISK University
Downloads 51 (653,554)
Citation 9

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Venture Capital, Mutual Funds, U-shaped Distribution, Safe Assets, Innovative Assets, Fund Alpha

31.

Exchange Status, Ability Status, and Reputation within Venture Capital Markets

Number of pages: 40 Posted: 30 Dec 2016 Last Revised: 14 Mar 2019
Oghenovo A. Obrimah
FISK University
Downloads 51 (653,554)
Citation 1

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Venture Capital, Market Reputation, Intrinsic Ability, Syndication, Status, Innovation, Innovative

32.

Income Inequality and Per Capita Income: Equilibrium of Interactions

Number of pages: 80 Posted: 03 Apr 2020 Last Revised: 24 Mar 2021
Oghenovo A. Obrimah
FISK University
Downloads 49 (664,828)
Citation 9

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Economic Development, GDP Per Capita, Innovation, Relative Country Inequality, General Equilibrium, Disequilibrium

33.

A Discretely Formulated Option Pricing Model That, Absent Directness of Modeling of Volatility, Embeds the ‘Volatility Smile’

Number of pages: 67 Posted: 13 Apr 2022 Last Revised: 07 Jul 2023
Oghenovo A. Obrimah
FISK University
Downloads 48 (670,748)

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Call Options, Jumps, Cumulative Probability Function, Risk Neutral Probability Measure, Brownian Motion, Pricing Martingale

34.

A Unifying Risk Measure

Number of pages: 38 Posted: 02 Feb 2022 Last Revised: 01 Jun 2022
Oghenovo A. Obrimah
FISK University
Downloads 45 (689,117)

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Risk Aversion, Risk Seeking, Uncertainty, Equilibrium, Conditional Volatility, Conditional Skewness

35.

Skewness Preference: Specialized Knowledge, Preference for Lotteries, or Deviations from Rational Expectations Equilibriums?

Number of pages: 54 Posted: 24 Aug 2019 Last Revised: 30 Sep 2019
Oghenovo A. Obrimah
FISK University
Downloads 45 (689,117)
Citation 8

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Venture Capital, Skewness Preference, Portfolio Performance, Rational Expectations Equilibriums, Ability, Gambles

36.

Loss Aversion (a Concave Risk Premium Function) is a Necessary Condition for the Rationality of Risk Seeking Preferences

Number of pages: 37 Posted: 11 Mar 2022 Last Revised: 08 Feb 2023
Oghenovo A. Obrimah
FISK University
Downloads 44 (695,399)

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Risk Aversion, idiosyncratic risk, idiosyncratic volatility, skewness preference, systemic risk, wealth function

37.

Market Reputation, Innovation or Synergistic Partnerships, and Syndication Activities within Venture Capital Markets

Number of pages: 47 Posted: 09 Nov 2016 Last Revised: 19 May 2021
Oghenovo A. Obrimah
FISK University
Downloads 44 (695,399)
Citation 3

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Risk, Single Crossing, Experience, Diversification, Syndicate Size, Portfolio Innovation Focus

38.

Ability, Market Volatility, and Heterogeneity in Risk Aversion

Number of pages: 60 Posted: 19 Aug 2014 Last Revised: 29 Jun 2021
Oghenovo A. Obrimah
FISK University
Downloads 42 (708,218)
Citation 9

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Hedging, Countercyclical, Equity Risk Premium, Price of Risk

39.

First Bank (Nigeria) Limited: Reframing of Core Business Philosophy

Number of pages: 17 Posted: 20 Mar 2018
Oghenovo A. Obrimah
FISK University
Downloads 40 (721,828)
Citation 1

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Lemons Problem; Akerlof; Commercial Banks; Financial Intermediation; Lending; Deposits

40.

Regime Switches in Valuation Uncertainty Risk within IPO Markets: Implications for Intertemporal Variations in the Determination of IPO Underpricing

Number of pages: 43 Posted: 02 Mar 2015 Last Revised: 19 Dec 2018
Oghenovo A. Obrimah
FISK University
Downloads 40 (721,828)
Citation 1

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Initial Returns, Underpricing, IPO Volume, Market Returns, Market Skewness, Valuation Uncertainty Risk, Market Volatility

Downloads 36 (770,125)

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Monetary Policy, Investments, Financing, Inflation, Exchange Rates, Price Substitution, Imports, Loan Allocations

Can Interactions between Financing and Investment Activities Have Dissimilar Effects on Inflation and Exchange Rates?

African Development Review 27, 41-51.
Number of pages: 11 Posted: 04 Feb 2015 Last Revised: 31 Jan 2023
Oghenovo A. Obrimah
FISK University
Downloads 4 (1,069,573)

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Monetary Policy, Investments, Financing, Inflation, Exchange Rates, Price Substitution, Imports, Loan Allocations

42.

Innovation Futures, The Nature of Speculation, and Stock Valuations

Number of pages: 24 Posted: 17 Jan 2020 Last Revised: 21 Jan 2020
Oghenovo A. Obrimah
FISK University
Downloads 39 (728,625)
Citation 3

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Pricing, Equilibrium, Innovation Speculation, Rationality, Beliefs, Biases

43.

Unearthing Valuable Macro Level Insights from Medical Data Using Time Series Methodologies

Number of pages: 25 Posted: 10 Jan 2019
Oghenovo A. Obrimah
FISK University
Downloads 39 (728,625)

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Cancer, Digestive System, Health, Nutrition, Food Chain, Time Series Models, ARCH, VEC

44.

Promotion Expectations and Preference for the Protean or Promised Path: A Survey Instrument Approach

Number of pages: 32 Posted: 04 May 2016 Last Revised: 09 May 2016
Oghenovo A. Obrimah
FISK University
Downloads 39 (728,625)
Citation 1

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Promotion Expectations; Protean Path; Promised Path; Survey Instrument; Compensation; Disenchantment; Training; Job Tenure; Latent Factor

45.

Can Aversion to Variance Risk be Evidence of Risk Seeking Preferences? Evidence from Returns to VC Backed IPOs

Number of pages: 46 Posted: 20 Mar 2009 Last Revised: 15 Aug 2014
Oghenovo A. Obrimah, Puneet Prakash and Nanda K. Rangan
FISK University, Missouri State University and Virginia Commonwealth University
Downloads 39 (728,625)

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Venture Capital, Skewness, CAPM, Asset Pricing, Risk, Return, Capital

46.

Is the Fama and French three factor model robust to the pricing of risk preferences?

Number of pages: 29 Posted: 11 Mar 2022 Last Revised: 05 May 2023
Oghenovo A. Obrimah
FISK University
Downloads 38 (735,693)

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Idiosyncratic Volatility, Idiosyncratic Risk, Idiosyncratic Skewness, Risk Preference Parameters, Realized Volatility, Dispersion

47.

Endogenous Technical Change and Convergence of Per Capita Income: New Theory and Evidence

Number of pages: 70 Posted: 20 Apr 2020
Oghenovo A. Obrimah
FISK University
Downloads 38 (735,693)
Citation 7

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Income Inequality, GDP Per Capita, Relative Country Inequality, Innovation, Growth, Technical Change, ARCH

48.

The marginal utility for wealth: effects of either of heterogeneity of risk preferences or irrationality of risk seeking agents

Number of pages: 27 Posted: 05 Feb 2022 Last Revised: 20 May 2022
Oghenovo A. Obrimah
FISK University
Downloads 36 (749,899)

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Probability of a Loss, Irrationality, Diminishing or Constant Marginal Utility for Wealth, Equilibrium, Value-Growth Anomaly, Return Potential

49.

Modeling of stock returns in continuous vis-a-vis discrete time is equivalent, respectively to the conditioning of stock returns on a random walk process for trade imbalances vis-a-vis a random walk process for evolution of information

Annals of Financial Economics 17, 2250010
Number of pages: 44 Posted: 16 Jun 2021 Last Revised: 24 Jun 2022
Oghenovo A. Obrimah and Wing-Keung Wong
FISK University and Asia University, Department of Finance
Downloads 36 (749,899)
Citation 15

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Connectedness, Rational Expectations, General Equilibrium, Mechanism Design, Stock Prices, Lotteries

50.
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Venture Capital, VC, Angel Investor, Conflict, Information Myopia, Preference for Lotteries, Rational Expectations

51.
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Citation 4

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Pareto Optimality, Value Maximization, Valuation, Stock Prices, True Equilibriums, Price Drift, Rational Expectations, Rational Behaviors

52.

Benchmarking of State of Formal Theoretical Modeling in Realm of Finance

Number of pages: 86 Posted: 01 Apr 2019 Last Revised: 02 Jun 2019
Oghenovo A. Obrimah
FISK University
Downloads 36 (749,899)
Citation 7

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Formal Theory, Mathematics, Finance, Game Theory, General Equilibrium or Disequilibrium, Space, Mapping

53.

Estimation of Firms' Market Reputation: A Platform for Pragmatic Progress

Number of pages: 40 Posted: 21 Aug 2017 Last Revised: 21 Jan 2021
Oghenovo A. Obrimah
FISK University
Downloads 35 (757,151)
Citation 2

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Reputation, Branding, Firm Performance, Convexity, Concavity, Venture Capital

54.

On Aggregability of Risk Averse and Risk Seeking Preferences into One Representative Agent

Number of pages: 62 Posted: 05 Aug 2019 Last Revised: 10 Dec 2021
Oghenovo A. Obrimah
FISK University
Downloads 34 (764,563)
Citation 12

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Rational Expectations, Probability Measure, Stochastic Dominance, Qualitative Probability Ordering, Price Equilibriums, Value-Growth Anomaly

55.
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Liquidity Risk, Mortgage Backed Securities, Government Sponsored Enterprises, Fannie Mae, Discount Differential, Option Adjusted Spreads

56.

Firm-Level Reputation Estimates as Computed Using Reputation Construct in Obrimah (2016)

Number of pages: 25 Posted: 11 Dec 2017
Oghenovo A. Obrimah
FISK University
Downloads 33 (772,199)

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Venture Capital, Market Reputation

57.

Patterns of Momentum and Reversals and Behavioral Biases: Bounded Rationality vis-a-vis Bounded Irrationality

Number of pages: 39 Posted: 06 Jun 2022 Last Revised: 31 Oct 2023
Oghenovo A. Obrimah
FISK University
Downloads 32 (779,846)

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Behavior, Bias, Bounded Rationality, Irrationality, Decision Making, Momentum

58.

Performance Effects of Diversification: Theory and Evidence on Importance of Nature of Information

Number of pages: 50 Posted: 16 Sep 2019 Last Revised: 19 Jan 2021
Oghenovo A. Obrimah
FISK University
Downloads 32 (779,846)
Citation 1

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Venture Capital, Diversification Discount, Premium, Soft Information, Specialization, Focus

59.

Valuation Implications of Market Incompleteness: A Robust Empirically Tractable Characterization of Stock Market Incompleteness

Number of pages: 62 Posted: 09 Dec 2018 Last Revised: 09 May 2022
Oghenovo A. Obrimah
FISK University
Downloads 32 (779,846)
Citation 14

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Undervaluation, Overvaluation, Dividends, IPO Quality, General Equilibrium, Momentum, Reversals

60.

Sticky Prices for Foreign Capital: Implications for Savings-Investments Equilibriums

Number of pages: 41 Posted: 09 Sep 2014 Last Revised: 09 May 2018
Oghenovo A. Obrimah
FISK University
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FDI, Foreign Direct Investment, Sticky Prices, Hybrid Regimes, Monetary Policy, Investments, Financing, Savings, Exchange Rates

61.

Refining the General Equilibrium Relation That Subsists Between Stock Returns, and Each of Investors Risk Preferences and Information Sets

Finance Research Letters 46, 102420
Number of pages: 10 Posted: 16 Jun 2021 Last Revised: 23 Jul 2023
Oghenovo A. Obrimah
FISK University
Downloads 31 (787,733)
Citation 15

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IPO Quality; Market Completeness, Risk Sharing, Stock Prices, Portfolio Diversification, Public Equity Markets

62.

Absent Collusion, Can Micro Level Discrimination Aggregate into Macro Level Discrimination?

Number of pages: 70 Posted: 17 Jun 2019 Last Revised: 23 Dec 2022
Oghenovo A. Obrimah
FISK University
Downloads 30 (795,586)
Citation 7

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Disparate Impact; Empathy; Stereotypes; Brands; Diversity Initiatives; Organizational Relevance

63.

Performance Reversals and Attitudes Towards Risk in the Venture Capital (VC) Market

Journal of Economics and Business, Vol. 62, No. 6, 2010
Number of pages: 25 Posted: 27 Aug 2014 Last Revised: 04 Sep 2016
Oghenovo A. Obrimah and Puneet Prakash
FISK University and Missouri State University
Downloads 30 (795,586)
Citation 7

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Venture Capital, Performance Reversals, Portfolio Risk, Overconfidence, Syndication, Investment Staging, Reputation

64.

Do Specialist Fund Managers Possess Superior Project (Stock) Picking Ability?

Number of pages: 33 Posted: 28 Mar 2007
Oghenovo A. Obrimah
FISK University
Downloads 30 (795,586)

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Venture Capital, Performance, Fund Management, Deal Screening Ability

65.

Policy-speak evidence that each of Pareto efficient competition and transfer payments are necessary conditions for first-best progressions to welfare

SN Business & Economics 3, 142
Number of pages: 44 Posted: 30 Aug 2021 Last Revised: 23 Jul 2023
Oghenovo A. Obrimah
FISK University
Downloads 28 (811,812)
Citation 1

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Technical Change, Diffusions of Innovation, Social Services, Subsidies, Taxes

66.
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Citation 4

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Technological Dominance, Technological Complexity, Preferences, Net Present Value, Appropriability of Innovations

67.

Asymmetries in the Responses of Investors within Foreign Exchange Markets to Political Events: Evidence from Nigeria

Number of pages: 25 Posted: 23 Mar 2015 Last Revised: 05 Jun 2015
Oghenovo A. Obrimah
FISK University
Downloads 28 (811,812)

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Exchange Rates, Central Bank, Autonomy, Volatility, Inventory or Information Risk, Partisanship, Efficiency, Bid-Ask Spreads

On the Mitigation of Valuation Uncertainty Risk: the Importance of a Robust Proxy for the 'cumulative State of Market Incompleteness'

Journal of Risk Model Validation 17, 1-23.
Number of pages: 38 Posted: 15 Jun 2023 Last Revised: 27 Aug 2023
Oghenovo A. Obrimah
FISK University
Downloads 26 (854,067)

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Risk Metrics, Market Mechanisms, Asset Quality, Asset Risk, Asymmetric Information, Market Design

On the Mitigation of Valuation Uncertainty Risk: The Importance of a Robust Proxy for the 'Cumulative State of Market Incompleteness'

Journal of Risk Model Validation, Vol. 17, No. 3, 2023
Number of pages: 24 Posted: 13 Sep 2023
Oghenovo A. Obrimah
FISK University
Downloads 1 (1,093,677)
Citation 3
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risk metrics, market mechanisms, asset quality, asset risk, asymmetric information, market design

69.

An Analytical Structure for Inferring the ‘Uncertainty Risk Profiles’ of Individual Assets or Portfolios of Assets

Number of pages: 28 Posted: 18 Apr 2023 Last Revised: 10 Jun 2023
Oghenovo A. Obrimah
FISK University
Downloads 27 (820,074)

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Idiosyncratic Risk, Return Potential, Risk Preference Parameters, Efficient Portfolio, Market Portfolio, Rational Expectations

70.

Wealth Conditions and Feasibility of Equivalence Between Funds Managers' and Investors' Risk Tolerances

Number of pages: 63 Posted: 14 Jan 2019 Last Revised: 11 Apr 2019
Oghenovo A. Obrimah
FISK University
Downloads 27 (820,074)
Citation 3

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Mutual Funds, Risk Tolerance, Wealth, Ability, Diversification, Generalist

71.

Should VCs' Principals Specify Minimum Portfolio Returns to be Delivered by Venture Capitalists (VCs)?

Number of pages: 28 Posted: 25 Aug 2020
Oghenovo A. Obrimah
FISK University
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Venture Capital, Investment Opportunity Sets, Ability, Skewness, Performance, Risk Aversion, Risk Seeking, Effort, Effort Capacity

72.

Rescuing Rational Expectations from Undeserved Ridicule

Number of pages: 66 Posted: 13 Dec 2019 Last Revised: 08 Jan 2022
Oghenovo A. Obrimah
FISK University
Downloads 26 (828,643)
Citation 4

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Risk Preferences, Market Mechanism, Awareness, Procedural Rationality, Uncertainty, Return Volatility

73.

Why Have Trade Balances Been Ignored as Sources of Monetary Efficiency?

Number of pages: 35 Posted: 16 May 2017 Last Revised: 22 May 2017
Oghenovo A. Obrimah
FISK University
Downloads 26 (828,643)
Citation 1

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Monetary Efficiency, Trade Balance, Inflation,Output Gaps, Unemployment

74.

New Insights From the Derivation of the Rationality of the Requirement of a Pricing Martingale From 'Native' Principles of Asset Pricing

Number of pages: 49 Posted: 13 Aug 2023 Last Revised: 28 Nov 2023
Oghenovo A. Obrimah
FISK University
Downloads 25 (837,120)

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Minimum Variance Assets, Idiosyncratic Risk, Unhedged Cash Flow Risk, Pricing Martingale, Discount Rates, Portfolio Theory, Pricing Kernel, Risk Seeking Preferences, Global Risk Aversion

75.

Should Rational Socioeconomic Agents Attempt to Exert 'Control' Over the Evolution of Their Preference or Behavioral Parameters?

Social Sciences & Humanities Open 8, 100606
Number of pages: 31 Posted: 13 Sep 2022 Last Revised: 23 Jul 2023
Oghenovo A. Obrimah
FISK University
Downloads 25 (837,120)
Citation 4

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Decision Making, Intentionality, Risk Aversion, Risk Seeking Preferences, Prudence, Adventuresomeness

76.

Inferring Robustness of Implementations of Probabilistic (Formulations of) Expected Utility Theory: Some Standard Conditions

Number of pages: 41 Posted: 21 Jun 2022 Last Revised: 13 Dec 2022
Oghenovo A. Obrimah
FISK University
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Technical Proficiency, Probability Measure Spaces, Qualitative Probabilities, Technical Change, Non-Probabilistic Expected Utility Theory, Equilibrium

77.

Robustness of Interpretation of Carbon-14 Ages for Paper, Ink, Papyri, and Parchment

Number of pages: 28 Posted: 02 Mar 2020
Oghenovo A. Obrimah
FISK University
Downloads 24 (845,911)

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Carbon Dating, Philosophy of Science, Paper, Ink, Wood, Papyrus, Parchment

78.

The Intertemporal Risk-Return Relation is Alive and Well, It's Interpretation? Not So Much

Number of pages: 51 Posted: 19 Aug 2019
Oghenovo A. Obrimah
FISK University
Downloads 24 (845,911)
Citation 7

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Venture Capital, Skewness, Price of Risk, ICAPM, Coefficient of Relative Risk Aversion, Risk Premiums

79.

Parameterizing ‘Return Effort’ and ‘Return Effort Cost’ Within Venture Capital Markets

Number of pages: 45 Posted: 10 Jul 2020
Oghenovo A. Obrimah
FISK University
Downloads 23 (854,798)
Citation 1

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Venture Capital, Investment Opportunity Sets, Deal Screening, Effort, Effort Capacity, Ability

80.

Revisions in Fund Flows and Market Reputation Estimates within Venture Capital Markets

Number of pages: 57 Posted: 25 Jan 2017 Last Revised: 02 Nov 2018
Oghenovo A. Obrimah
FISK University
Downloads 23 (854,798)
Citation 6

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Venture Capital, Market Reputation, Fund Size, Fund Flows, Fund Performance, Exit Rates, Intrinsic Ability

81.

Can an Agenda for Economic Development Be Premised on an Aggressive Program Built around Microfinance?

Number of pages: 46 Posted: 08 Nov 2019
Oghenovo A. Obrimah
FISK University
Downloads 22 (863,901)
Citation 3

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Microfinance, Equilibrium, Economic Development, Entrepreneurship, Structure

82.

Feasibly either of a lognormal or normal distribution is populated by a two-parameter Poisson process whose copula is irrational

Number of pages: 30 Posted: 24 May 2022 Last Revised: 05 Dec 2023
Oghenovo A. Obrimah
FISK University
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Asset Quality, Dependence, IPOs, Overfitting, Game Theoretic Equilibriums; Copula

83.

Using the Single Crossing Property to Test for Presence of Two Agents in Stock Markets: A Research Note

Number of pages: 15 Posted: 15 Mar 2017 Last Revised: 04 Mar 2018
Oghenovo A. Obrimah
FISK University
Downloads 21 (873,351)
Citation 4

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Single Crossing Property, Coskewness, Risk Aversion, Skewness Preference, Representative Agent(s)

84.

Price Equilibriums, and Rationality of Price Equilibriums within Stock Markets

Number of pages: 50 Posted: 20 Mar 2005 Last Revised: 24 Feb 2019
Oghenovo A. Obrimah
FISK University
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Citation 9

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Underpricing, Innovative, Price Equilibriums, Market Completeness, Value, Growth, Rationality

85.

Non-queueing Equilibriums, Innovation Rates, Structure of Economies, and Venture Capital

Number of pages: 65 Posted: 18 Jun 2020 Last Revised: 15 Nov 2021
Oghenovo A. Obrimah
FISK University
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Citation 6

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Evolutionary, Awareness, Ability, Behavior, Overconfidence, Underconfidence, Profit Maximization

86.

Intersection of REE and Probability Measure Theory: Getting Down to Brass Tacks

Number of pages: 55 Posted: 20 May 2020
Oghenovo A. Obrimah
FISK University
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Citation 5

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Rational Expectations Equilibriums (REE), Probability Measures, Prices, Borel Space, Qualitative, Quantitative

87.
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Citation 1

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Rationality, Behavioral Bias, Sophisticated Agents, Naive Agents, Underreaction, Overconfidence.

88.

Equilibrium of Relations that subsist between the Activities of Consumption and the Activities of Innovation

Number of pages: 58 Posted: 23 Mar 2023
Oghenovo A. Obrimah
FISK University
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Depth of Innovation, Breadth of Innovation, Frequency of Innovation, Hedonic Prices, Characteristics, Welfare

89.

Outside of a sole globally risk averse agent, all other agents in markets are risk seeking agents

Finance Research Letters, Vol. 54, No. 103715, 2023
Number of pages: 15 Posted: 31 Dec 2022 Last Revised: 17 Apr 2023
Oghenovo A. Obrimah
FISK University
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Risk Preferences, Decision Making, Risk Tolerance, Choice under Uncertainty, Markets, Wealth

90.
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Tobin’s Q, Diversification Discount, Productivity, Soft Information, Organizational Structure

91.

Modeling of Ability, Effort, and now, `Effort Capacity': A Candidate General Equilibrium Structure

Number of pages: 39 Posted: 18 Nov 2021 Last Revised: 09 May 2022
Oghenovo A. Obrimah
FISK University
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Reference-Dependence, Effort Capacity, Probability Measure, Borel Space, Fixed Point Theorem, Expectations

92.

Patents, Patent Expirations, Offshoring of Jobs, and Incentives for Efforts at Innovation: General Equilibriums

Number of pages: 28 Posted: 09 Aug 2021
Oghenovo A. Obrimah
FISK University
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Manufacturing, Innovation, Employee Motivation, Pareto Dominance, Production, Corporate Social Responsibility

93.

Applications of Utility Functions to Modeling of Expectations Are Non-Robust, Are ‘Out of Whack’

Number of pages: 20 Posted: 28 Jun 2019 Last Revised: 01 Aug 2019
Oghenovo A. Obrimah
FISK University
Downloads 18 (901,871)
Citation 1

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Expected Utility, Functions, Rational Expectations, Certainty, Model, Equilibrium

94.

Rationality, Efficiency, the Law of Large Numbers, and the Structure of Innovation: Interrelationships

Number of pages: 25 Posted: 17 Jul 2023
Oghenovo A. Obrimah
FISK University
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Risk Sharing, Search, Technology, Culture, Stock Markets, Portfolio Diversification

95.

Formal Theoretical Evidence that Rationality Consists in 'Moral Actions' and Morality Has, Explicitly Parameterization as, Altruism

Number of pages: 40 Posted: 04 Mar 2023 Last Revised: 02 Aug 2023
Oghenovo A. Obrimah
FISK University
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Behavior, Justice, Rational Expectations, Decision Making, Patience, Coercion

96.
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Citation 1

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Innovation System, Sequence, IPOs, General Equilibrium, Frequency, Cascade, Jumps, Process

97.

If It Is Not Constructed As a ‘Market Completeness Metric,’ It Is Not a Market Completeness Metric

Number of pages: 64 Posted: 25 May 2019 Last Revised: 29 Jun 2021
Oghenovo A. Obrimah
FISK University
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Citation 9

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Market Incompleteness, Rational Expectations Equilibriums, Arrow-Debreu, Probability Measure, Gambles, Stocks

98.

Absent the Availability of a Specific Market Metric, Signaling Does not Facilitate Game Theoretic Equilibriums that Are 'globally Fully Revealing'

Number of pages: 22 Posted: 16 Jun 2023 Last Revised: 19 Jun 2023
Oghenovo A. Obrimah
FISK University
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Information Revelation, Market Mechanisms, Asset Quality, Asset Risk, Asymmetric Information, Price Discovery

99.
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Citation 4

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Innovation, Incentives, Crony Capitalism, Economic Structure, Market Structure, Government, Governance

100.

A General Equilibrium Approach to Taxonomy of Institutional Proxies for Innovation Outcomes

Number of pages: 71 Posted: 18 May 2020
Oghenovo A. Obrimah
FISK University
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Citation 7

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Innovation, Economic Development, General Equilibrium, Physical Capital, Social Capital, Institutions, Taxonomy

101.
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Knowledge, Innovation, Adaptability, Rationality, Uncertainty, States of the World

102.

Progressiveness of Increase to Utility from Socioeconomic Activities: `Barebones' Necessary Conditions

Social Sciences & Humanities Open 6, 100308
Number of pages: 39 Posted: 18 Nov 2021 Last Revised: 24 Jun 2022
Oghenovo A. Obrimah
FISK University
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Citation 7

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Rationality, Awareness, Cognition, Decision Making, Rational Expectations, Wealth

103.

Translating Economic Essence of the Independence Axiom into a General Equilibrium Mathematical Condition

Number of pages: 21 Posted: 03 Jul 2021 Last Revised: 30 Jul 2021
Oghenovo A. Obrimah
FISK University
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Choice, Uncertainty, Decision Making, Expected Utility Theory, Concave Functions, Convex Functions

104.

Evidence for a 'Utility of Consumption' in the Context of Which Happiness (Utility) Is, in Relation to Increases to Income, Time Invariant

Number of pages: 21 Posted: 13 Feb 2023 Last Revised: 12 Apr 2023
Oghenovo A. Obrimah
FISK University
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Effort, Utility Maximization, Rationality, Preferences, Reference Dependence, Awareness

105.

Parameterizing 'Curiosity' as Measure of Innovation Potential of Individual Economic Agents

Number of pages: 51 Posted: 01 Jul 2020
Oghenovo A. Obrimah
FISK University
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Innovation Potential, Bayes Rule, Bayesian Learning, Probability Measure, Curiosity, Education, Human Capital

106.
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Innovation Systems, Diffusion, Quality, Economic Development, Manufacturing, Growth, Steady State, Technical Change

107.

A Rubric for Estimation of Efficiency of Progression on a General Equilibrium Growth Path

Number of pages: 67 Posted: 04 Aug 2020
Oghenovo A. Obrimah
FISK University
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Innovation Systems, Strategy, Diffusion, Economic Development, Technical Change, ARCH, Relative Country Inequality

108.

Formal Theoretical Evidence that there exists a Fully Capitalist Prudent Cost Fiscal Policy that supports Full Employment

Number of pages: 36 Posted: 18 Nov 2021 Last Revised: 08 Jun 2023
Oghenovo A. Obrimah
FISK University
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Societal Incentive Mechanism; Innovation; Social Welfare; Pareto Optimality; Capitalism; Social Form Rule

Abstract:

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Minimum Variance Assets, Idiosyncratic Risk, Unhedged Cash Flow Risk, Pricing Martingale, Discount Rates, Portfolio Theory, Risk Premiums, Risk Seeking Preferences, Global Risk Aversion

Other Papers (1)

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Venture Capital, Adverse Selection, Bargainning Power, Entrepreneurs, Financial Intermediaries