Do Stock Prices Exhibit Excess Volatility, Frequently Deviate from Fundamental Values, and Generally Behave Inefficiently?

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Publisher :
ISBN 13 :
Total Pages : 61 pages
Book Rating : 4.:/5 (283 download)

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Book Synopsis Do Stock Prices Exhibit Excess Volatility, Frequently Deviate from Fundamental Values, and Generally Behave Inefficiently? by : Paul H. Kupiec

Download or read book Do Stock Prices Exhibit Excess Volatility, Frequently Deviate from Fundamental Values, and Generally Behave Inefficiently? written by Paul H. Kupiec and published by . This book was released on 1993 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Financial Volatility and Real Economic Activity

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Publisher : Routledge
ISBN 13 : 0429852134
Total Pages : 140 pages
Book Rating : 4.4/5 (298 download)

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Book Synopsis Financial Volatility and Real Economic Activity by : Kevin Daly

Download or read book Financial Volatility and Real Economic Activity written by Kevin Daly and published by Routledge. This book was released on 2019-01-15 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt: Published in 1999. The issue of financial volatility, especially since financial deregulation, has given rise to concerns regarding the effects of increased financial volatility on real economic activity. Two issues represent a substantial challenge to financial economists with respect to these concerns. The first relates to the identification of the causes of increased volatility in financial markets. Identification is a first step towards increasing both financial economists' and policy-makers' understanding of the interrelated causes of financial volatility. The second requires linking the effects of increased financial volatility to the real sector of the economy by examining the channels through which financial volatility influences fundamental economic variables. In order to address these two issues, the analysis initially develops and estimates a model which is capable of explaining the financial and business cycle determinates of movements in the conditional volatility of the Australian All Industrials stock market index. Evidence suggests that a significant linkage exists between the conditional volatility of the money supply. Models are then developed to examine how monetary volatility is transmitted to the volatility of financial asset prices, inflation and real output in an open economy. The results indicate that while financial volatility has increased to some extent since the late 1980s, this has been transferred non-uniformly towards increasing volatility of both real and financial activity.

The Cost of Capital

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Publisher : Bloomsbury Publishing USA
ISBN 13 : 0313035717
Total Pages : 342 pages
Book Rating : 4.3/5 (13 download)

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Book Synopsis The Cost of Capital by : Cleveland S. Patterson

Download or read book The Cost of Capital written by Cleveland S. Patterson and published by Bloomsbury Publishing USA. This book was released on 1995-04-30 with total page 342 pages. Available in PDF, EPUB and Kindle. Book excerpt: Knowledge about the magnitude of the cost of capital invested in an asset and its determinants is essential for the analysis of corporate investment decisions and for assessing profitability. This book provides a clear conceptual understanding of the cost of capital, the characteristics of an asset that influence it, and a critical, comprehensive, and up-to-date evaluation of practical means for estimating its magnitude. It is intended primarily for use by professional managers, but will also be valuable to future managers in advanced capital budgeting courses. The focus of the discussion is on estimation methods that are theoretically sound and consistent with a corporate goal of value creation. Three methods are analyzed in depth: the discounted cash flow model, the capital asset pricing model, and arbitrage pricing theory. For each method, the basic theory is set out in a nontechnical manner and empirical evidence in support of the model is critically reviewed. The bulk of the discussion then focuses on practical means for implementing the methods for decision-making purposes. Later chapters focus on the effects of the debt-supporting characteristics of assets, on the valuation of options embedded in securities, and on the estimation of the cost of capital for evaluating international investments. The final chapter discusses certain aspects of the use of cost of capital in public utility regulation. Care is taken to separate out key issues from more peripheral material through a comprehensive set of supplementary notes.

Stock Values and Fundamentals

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ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.X/5 (6 download)

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Book Synopsis Stock Values and Fundamentals by : Fabio Fornari

Download or read book Stock Values and Fundamentals written by Fabio Fornari and published by . This book was released on 2000 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Herd Behavior in Financial Markets

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Publisher :
ISBN 13 :
Total Pages : 38 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Herd Behavior in Financial Markets by : Sushil Bikhchandani

Download or read book Herd Behavior in Financial Markets written by Sushil Bikhchandani and published by . This book was released on 2000 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Global Capital and National Governments

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Publisher : Cambridge University Press
ISBN 13 : 1107320267
Total Pages : 436 pages
Book Rating : 4.1/5 (73 download)

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Book Synopsis Global Capital and National Governments by : Layna Mosley

Download or read book Global Capital and National Governments written by Layna Mosley and published by Cambridge University Press. This book was released on 2003-02-03 with total page 436 pages. Available in PDF, EPUB and Kindle. Book excerpt: Global Capital and National Governments suggests that international financial integration does not mean the end of social democratic welfare policies. Capital market openness allows participants to react swiftly and severely to government policy; but in the developed world, capital market participants consider only a few government policies when making decisions. Governments that conform to capital market pressures in macroeconomic areas remain relatively unconstrained in supply-side and micro-economic policy areas. Therefore, despite financial globalization, cross-national policy divergence among advanced democracies remains likely. Still, in the developing world, the influence of financial markets on government policy autonomy is more pronounced. The risk of default renders market participants willing to consider a range of government policies in investment decisions. This inference, however, must be tempered with awareness that governments retain choice. As evidence for its conclusions, Global Capital and National Governments draws on interviews with fund managers, quantitative analyses, and archival investment banking materials.

The C.F.A. Digest

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Publisher :
ISBN 13 :
Total Pages : 464 pages
Book Rating : 4.3/5 (512 download)

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Book Synopsis The C.F.A. Digest by : Institute of Chartered Financial Analysts

Download or read book The C.F.A. Digest written by Institute of Chartered Financial Analysts and published by . This book was released on 1993 with total page 464 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Exploring Aggregate Asset Price Fluctuations Across Countries

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Publisher :
ISBN 13 :
Total Pages : 108 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Exploring Aggregate Asset Price Fluctuations Across Countries by : C. E. V. Borio

Download or read book Exploring Aggregate Asset Price Fluctuations Across Countries written by C. E. V. Borio and published by . This book was released on 1994 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Investor Trading Behavior and Stock Market Returns

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Publisher :
ISBN 13 :
Total Pages : 490 pages
Book Rating : 4.:/5 (89 download)

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Book Synopsis Investor Trading Behavior and Stock Market Returns by : Lillyn Li-Hua Teh

Download or read book Investor Trading Behavior and Stock Market Returns written by Lillyn Li-Hua Teh and published by . This book was released on 1993 with total page 490 pages. Available in PDF, EPUB and Kindle. Book excerpt:

On the Ramifications of a Securities Transactions Tax for the Function and Efficiency of Capital Markets

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Publisher :
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis On the Ramifications of a Securities Transactions Tax for the Function and Efficiency of Capital Markets by : Paul H. Kupiec

Download or read book On the Ramifications of a Securities Transactions Tax for the Function and Efficiency of Capital Markets written by Paul H. Kupiec and published by . This book was released on 1992 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Forecasting Financial Markets

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Publisher : John Wiley & Sons
ISBN 13 :
Total Pages : 336 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis Forecasting Financial Markets by : Christian Dunis

Download or read book Forecasting Financial Markets written by Christian Dunis and published by John Wiley & Sons. This book was released on 1996-10-07 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: Today? s financial markets are characterised by a large number of participants, with different appetites for risk, different time horizons, different motivations and reactions to unexpected news. The mathematical techniques and models used in the forecasting of financial markets have therefore grown ever more sophisticated as traders, analysts and investors seek to gain an edge on their competitors. Written by leading international researchers and practitioners, this book focuses on three major themes of today? s state of the art financial research: modelling with high frequency data, the information content of volatility markets, and applications of neural networks and genetic algorithms to financial time series. Forecasting Financial Markets includes empirical applications to present the very latest thinking on these complex techniques, including: High frequency exchange rates Intraday volatility Autocorrelation and variance ratio tests Conditional volatility GARCH processes Chaotic systems Nonlinearity Stochastic and EXPAR models Artificial neural networks Genetic algorithms

The Report of the Twentieth Century Fund Task Force on Market Speculation and Corporate Governance

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Publisher : Century Foundation Press
ISBN 13 :
Total Pages : 164 pages
Book Rating : 4.:/5 (321 download)

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Book Synopsis The Report of the Twentieth Century Fund Task Force on Market Speculation and Corporate Governance by : Twentieth Century Fund. Task Force on Market Speculation and Corporate Governance

Download or read book The Report of the Twentieth Century Fund Task Force on Market Speculation and Corporate Governance written by Twentieth Century Fund. Task Force on Market Speculation and Corporate Governance and published by Century Foundation Press. This book was released on 1992 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work considers how imperfect or misleading market information opens the door to speculation and distortion of economic choice, and how government sets the rules by which the financial world plays. It calls for policy changes to rationalize savings and investment decisions, promote long-term planning over speculation, encourage institutional investors to take a more active role in corporate governance, and disseminate more information to investors. Shiller's paper examines the economic basis of financial speculation and the intrinsic worth of measures proposed to rein in speculators or to limit the damage caused when their activity gets out of hand.

The Economics of Recent Bond Yield Volatility

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Publisher : Bank for International Settlements
ISBN 13 :
Total Pages : 148 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis The Economics of Recent Bond Yield Volatility by : C. E. V. Borio

Download or read book The Economics of Recent Bond Yield Volatility written by C. E. V. Borio and published by Bank for International Settlements. This book was released on 1996 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Finance Literature Index

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Publisher :
ISBN 13 :
Total Pages : 622 pages
Book Rating : 4.3/5 (512 download)

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Book Synopsis Finance Literature Index by :

Download or read book Finance Literature Index written by and published by . This book was released on 1994 with total page 622 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Bibliographie der Wirtschaftswissenschaften

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Publisher :
ISBN 13 :
Total Pages : 864 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Bibliographie der Wirtschaftswissenschaften by :

Download or read book Bibliographie der Wirtschaftswissenschaften written by and published by . This book was released on 1994 with total page 864 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Efficiency and Anomalies in Stock Markets

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Publisher : Mdpi AG
ISBN 13 : 9783036530802
Total Pages : 232 pages
Book Rating : 4.5/5 (38 download)

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Book Synopsis Efficiency and Anomalies in Stock Markets by : Wing-Keung Wong

Download or read book Efficiency and Anomalies in Stock Markets written by Wing-Keung Wong and published by Mdpi AG. This book was released on 2022-02-17 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Efficient Market Hypothesis believes that it is impossible for an investor to outperform the market because all available information is already built into stock prices. However, some anomalies could persist in stock markets while some other anomalies could appear, disappear and re-appear again without any warning. A Special Issue on "Efficiency and Anomalies in Stock Markets" will be devoted to advancements in the theoretical development of market efficiency and anomaly in the Stock Market, as well as applications in Stock Market efficiency and anomalies.

Bibliographie der Staats-und Wirtschaftswissenschaften

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Publisher :
ISBN 13 :
Total Pages : 864 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Bibliographie der Staats-und Wirtschaftswissenschaften by :

Download or read book Bibliographie der Staats-und Wirtschaftswissenschaften written by and published by . This book was released on 1993 with total page 864 pages. Available in PDF, EPUB and Kindle. Book excerpt: