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Author: Eleftherios Giovanis
Publisher: GRIN Verlag
ISBN: 3640575768
Category : Computers
Languages : en
Pages : 73
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Book Description
Seminar paper from the year 2008 in the subject Computer Science - Commercial Information Technology, grade: 90.0%, language: English, abstract: In this paper we examine the calendar anomalies in the stock market index of Athens. Specifically we examine the day of the week and the month of the year effects, where we expect negative or lower returns on Monday and the highest average returns on Friday for the day of the week effect and the higher average returns in January, concerning the January effect. For the period we examine we found insignificant returns on Monday, but significant positive and higher average returns on Friday. Also our results are consistent with the literature for the month of the year effect, where we find the highest average returns in January. Furthermore we estimate with ordinary least squares (OLS) and symmetric and asymmetric Generalized Autoregressive Conditional Heteroskedasticity (GARCH) rolling regressions and we conclude that the week day returns are not constant through the time period we examine but are changed. Specifically, while in the first half-period of the rolling regression there are negative returns on Mondays so we observe the day of the week effecting, in the last half-period of the rolling regression Friday presents the highest returns, but the lowest returns are reported on Tuesday and not on Monday, indicating a change shift in the pattern of the day of the week effect. Full programming routines of rolling regressions in EVIEWS and MATLAB software are described.
Author: Eleftherios Giovanis
Publisher: GRIN Verlag
ISBN: 3640575768
Category : Computers
Languages : en
Pages : 73
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Book Description
Seminar paper from the year 2008 in the subject Computer Science - Commercial Information Technology, grade: 90.0%, language: English, abstract: In this paper we examine the calendar anomalies in the stock market index of Athens. Specifically we examine the day of the week and the month of the year effects, where we expect negative or lower returns on Monday and the highest average returns on Friday for the day of the week effect and the higher average returns in January, concerning the January effect. For the period we examine we found insignificant returns on Monday, but significant positive and higher average returns on Friday. Also our results are consistent with the literature for the month of the year effect, where we find the highest average returns in January. Furthermore we estimate with ordinary least squares (OLS) and symmetric and asymmetric Generalized Autoregressive Conditional Heteroskedasticity (GARCH) rolling regressions and we conclude that the week day returns are not constant through the time period we examine but are changed. Specifically, while in the first half-period of the rolling regression there are negative returns on Mondays so we observe the day of the week effecting, in the last half-period of the rolling regression Friday presents the highest returns, but the lowest returns are reported on Tuesday and not on Monday, indicating a change shift in the pattern of the day of the week effect. Full programming routines of rolling regressions in EVIEWS and MATLAB software are described.
Author: Constantinos Koutsojannis
Publisher: Springer Science & Business Media
ISBN: 3540880682
Category : Computers
Languages : en
Pages : 214
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Book Description
In recent years, the use of Artificial Intelligence (AI) techniques has been greatly increased. The term “intelligence” seems to be a “must” in a large number of European and International project calls. AI Techniques have been used in almost any domain. Application-oriented systems usually incorporate some kind of “intelligence” by using techniques stemming from intelligent search, knowledge representation, machine learning, knowledge discovery, intelligent agents, computational intelligence etc. The Workshop on “Applications with Artificial Intelligence” seeks for quality papers on computer applications that incorporate some kind of AI technique. The objective of the workshop was to bring together scientists, engineers and practitioners, who work on designing or developing applications that use intelligent techniques or work on intelligent techniques and apply them to application domains (like medicine, biology, education etc), to present and discuss their research works and exchange ideas in this book.
Author: Andrew H. Chen
Publisher: Emerald Group Publishing
ISBN: 0762313773
Category : Business & Economics
Languages : en
Pages : 333
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Book Description
Contains contributions on a range of important issues in research in finance and economics. This volume includes topics such as the IPO underwriting spreads, the moral hazard problems in bank regulation as well as in the cost of deposit insurance, the loan yield spreads, and the aggregate bank performance at the state-level.
Author: Škrinjari?, Tihana
Publisher: IGI Global
ISBN: 1799850846
Category : Business & Economics
Languages : en
Pages : 432
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Book Description
In today’s financial market, portfolio and risk management are facing an array of challenges. This is due to increasing levels of knowledge and data that are being made available that have caused a multitude of different investment models to be explored and implemented. Professionals and researchers in this field are in need of up-to-date research that analyzes these contemporary models of practice and keeps pace with the advancements being made within financial risk modelling and portfolio control. Recent Applications of Financial Risk Modelling and Portfolio Management is a pivotal reference source that provides vital research on the use of modern data analysis as well as quantitative methods for developing successful portfolio and risk management techniques. While highlighting topics such as credit scoring, investment strategies, and budgeting, this publication explores diverse models for achieving investment goals as well as improving upon traditional financial modelling methods. This book is ideally designed for researchers, financial analysts, executives, practitioners, policymakers, academicians, and students seeking current research on contemporary risk management strategies in the financial sector.
Author: Bishnupriya Mishra
Publisher: Excel Books India
ISBN: 9788174466051
Category : Capital market
Languages : en
Pages : 228
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Book Description
Indian Capital Market is considered the second largest capital market in the world next only to the United States of America. Stock Markets in India have grown exponentially as measured in terms of the number of listed companies, market capitalization, turnover on stock exchanges, price indices and others. In terms of reforms and development, the Indian stock market has been the fastest to grab every opportunity presented by the paradigm shift in India's economic policy. A well-organized and well-regulated capital market facilitates sustainable development of the economy by providing long-term funds in exchange for financial assets to investors. This book is based on a collection of chapter-contributions from leading academicians on relevant, authoritative and thought provoking aspects of Indian Stock Market. It contains both conceptual and empirical studies so as to enable the reader to acquire a holistic view of the subject. This book is designed to meet the requirements of MBA students specializing in the area of Finance, students of CA/ICWA, students of M.Com/B.Com, academicians, researchers, practitioners and investors in general.
Author:
Publisher: Delta Publicaciones
ISBN: 8492453699
Category :
Languages : en
Pages : 748
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Book Description
Author: Raj S. Dhankar
Publisher: Springer
ISBN: 813223748X
Category : Business & Economics
Languages : en
Pages : 357
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Book Description
This book discusses capital markets and investment decision-making, focusing on the globalisation of the world economy. It presents empirically tested results from Indian and Southwest Asian stock markets and offers valuable insights into the working of Indian capital markets. The book is divided into four parts: the first part examines capital-market operations, particularly clearance and settlement processes, and stock market operations. The second part then addresses the functioning of global markets and investment decisions; more specifically it explores calendar anomalies, dependencies, overreaction effect, causality effect and stock returns volatility in South Asia, U.S. and global stock markets as a whole. Part three covers issues relating to capital structure, values of firm and investment strategies. Lastly, part four discusses emerging issues in finance like behavioral finance, Islamic finance, and international financial reporting standards. The book fills the gap in the existing finance literature and helps fund managers and individual investors make more accurate investment decisions.
Author: United States. Internal Revenue Service
Publisher:
ISBN:
Category : Tax administration and procedure
Languages : en
Pages : 1240
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Book Description
Author: Shiguang Ma
Publisher: Routledge
ISBN: 1351146904
Category : Business & Economics
Languages : en
Pages : 304
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Book Description
By investigating the efficiency of China's stock market in accordance with the theoretical framework of the Efficient Market Hypothesis, this book focuses on weak form and semi-strong form market efficiency. Empirical tests have been intensively conducted on the random walk hypothesis, the presence of market seasonality and the price reaction to publicly released information. In addition The Efficiency of China's Stock Market provides a comparative analysis between China's stock market and other countries' stock markets.
Author:
Publisher:
ISBN:
Category : Administrative law
Languages : en
Pages : 706
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Book Description
