Essays on International Asset Pricing Models and Finnish Stock Returns PDF Download
Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download Essays on International Asset Pricing Models and Finnish Stock Returns PDF full book. Access full book title Essays on International Asset Pricing Models and Finnish Stock Returns by Mika Vaihekoski. Download full books in PDF and EPUB format.
Author: Mika Vaihekoski
Publisher:
ISBN: 9789515555984
Category : Capital assets pricing model
Languages : en
Pages : 161
Get Book Here
Book Description
Author: Mika Vaihekoski
Publisher:
ISBN: 9789515555984
Category : Capital assets pricing model
Languages : en
Pages : 161
Get Book Here
Book Description
Author: Compiled by the British Library of Political and Economic Science
Publisher: Psychology Press
ISBN: 9780415240093
Category : Business & Economics
Languages : en
Pages : 660
Get Book Here
Book Description
IBSS is the essential tool for librarians, university departments, research institutions and any public or private institution whose work requires access to up-to-date and comprehensive knowledge of the social sciences
Author: Markku Malkamäki
Publisher:
ISBN: 9789516863538
Category : Risk
Languages : en
Pages : 180
Get Book Here
Book Description
Author: Anders Kjellman
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 180
Get Book Here
Book Description
Author: Sundaram Janakiramanan
Publisher:
ISBN:
Category :
Languages : en
Pages : 356
Get Book Here
Book Description
Author: Mika Vaihekoski
Publisher:
ISBN: 9789515555250
Category : Capital assets pricing model
Languages : en
Pages : 129
Get Book Here
Book Description
Author: Haim Levy
Publisher: Cambridge University Press
ISBN: 1139503022
Category : Business & Economics
Languages : en
Pages : 457
Get Book Here
Book Description
The Capital Asset Pricing Model (CAPM) and the mean-variance (M-V) rule, which are based on classic expected utility theory, have been heavily criticized theoretically and empirically. The advent of behavioral economics, prospect theory and other psychology-minded approaches in finance challenges the rational investor model from which CAPM and M-V derive. Haim Levy argues that the tension between the classic financial models and behavioral economics approaches is more apparent than real. This book aims to relax the tension between the two paradigms. Specifically, Professor Levy shows that although behavioral economics contradicts aspects of expected utility theory, CAPM and M-V are intact in both expected utility theory and cumulative prospect theory frameworks. There is furthermore no evidence to reject CAPM empirically when ex-ante parameters are employed. Professionals may thus comfortably teach and use CAPM and behavioral economics or cumulative prospect theory as coexisting paradigms.
Author: Yakov Amihud
Publisher: Now Publishers Inc
ISBN: 1933019123
Category : Business & Economics
Languages : en
Pages : 109
Get Book Here
Book Description
Liquidity and Asset Prices reviews the literature that studies the relationship between liquidity and asset prices. The authors review the theoretical literature that predicts how liquidity affects a security's required return and discuss the empirical connection between the two. Liquidity and Asset Prices surveys the theory of liquidity-based asset pricing followed by the empirical evidence. The theory section proceeds from basic models with exogenous holding periods to those that incorporate additional elements of risk and endogenous holding periods. The empirical section reviews the evidence on the liquidity premium for stocks, bonds, and other financial assets.
Author: Jungwon Suh
Publisher:
ISBN:
Category :
Languages : en
Pages : 178
Get Book Here
Book Description
Author: William N. Goetzmann
Publisher: Oxford University Press
ISBN: 019803377X
Category : Business & Economics
Languages : en
Pages : 568
Get Book Here
Book Description
What is the return to investing in the stock market? Can we predict future stock market returns? How have equities performed over the last two centuries? The authors in this volume are among the leading researchers in the study of these questions. This book draws upon their research on the stock market over the past two dozen years. It contains their major research articles on the equity risk premium and new contributions on measuring, forecasting, and timing stock market returns, together with new interpretive essays that explore critical issues and new research on the topic of stock market investing. This book is aimed at all readers interested in understanding the empirical basis for the equity risk premium. Through the analysis and interpretation of two scholars whose research contributions have been key factors in the modern debate over stock market perfomance, this volume engages the reader in many of the key issues of importance to investors. How large is the premium? Is history a reliable guide to predict future equity returns? Does the equity and cash flows of the market? Are global equity markets different from those in the United States? Do emerging markets offer higher or lower equity risk premia? The authors use the historical performance of the world's stock markets to address these issues.
