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BENEFICIOS DEL MOMENTUM EN EL MERCADO ESPAÑOL: ¿INCORRECTA ESPECIFICACION DE LOS MODELOS DE VALORACIÓN O IRRACIONALIDAD DE LOS INVERSORES?

Forner, Carlos; Marhuenda, Joaquín - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2004

profits were therecompense for bearing some kind of risk not incorporated in this two models has been studied. Giventhe …

Persistent link: https://www.econbiz.de/10005731194

POLÍTICA DE DIVIDENDOS, RIESGO, ENDEUDAMIENTO Y ESTRUCTURA DE PROPIEDAD: UN ANÁLISIS PARA EL MERCADO ESPAÑOL

Vera, Antonio Mínguez - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2006

This paper analyzes the relationship between the dividend and debt policies, firm risk and the director’s ownership …. Firstly, the results show that the payment of dividends reduces the risk and the leverage, and increases the ownership …. Secondly, the firm risk presents a negative effect on the debt ratio and on the payment of dividends and a positive …

Persistent link: https://www.econbiz.de/10005212513

LA INFLUENCIA DEL PODER DE LA DIRECCION EN EL RIESGO Y EN EL VALOR DE LA EMPRESA: EVIDENCIA PARA EL MERCADO ESPAÑOL

Mínguez, Antonio; Ugedo, Juan Francisco Martín - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2005

This paper analyzes the effect of the power of the chairman and CEO on firm risk. As proxies of power several variables … being founders, their tenure, their shareholding and the size of the board. Risk has been measured by the systematic and the … Spanish market. Results show that the fact of being founders and the accumulation of titles increases risk and the size of the …

Persistent link: https://www.econbiz.de/10005212539

- ¿EXISTE EN EL MERCADO ESPAÑOL UN EFECTO SOBRE-REACCIÓN?.

Forner, Carlos; Marhuenda, Joaquín - Instituto Valenciano de Investigaciones Económicas (IVIE) - 1999

Several studies have shown that the contrarian strategy, or the forming of a zeroinvestmentportfolio that buys the stocks that have performed poorly in the past (losers) andsells those that have performed well (winners), creates abnormally positive returns in thefuture. Many hypotheses have been...

Persistent link: https://www.econbiz.de/10005812843

EVIDENCIA ADICIONAL DEL EFECTO SOBRE-REACCIÓN EN EL MERCADO ESPAÑOL DE CAPITALES

Forner, Carlos; Marhuenda, Joaquín - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2002

In a previous work, Forner and Marhuenda (2001) find that the contrarian strategy, thatis, the forming of a zero-investment portfolio that buys the stocks that have performed poorly inthe past (losers) and sells those that have performed well (winners), does not yield abnormallypositive returns...

Persistent link: https://www.econbiz.de/10005515799

- RENDIMIENTOS BURSÁTILES Y EFICIENCIA PRODUCTIVA: EL CASO DE LA BANCA ESPAÑOLA

Villarroya, Joaquín Maudos; Muñoz, Manuel Illueca - Instituto Valenciano de Investigaciones Económicas (IVIE) - 1998

relate the efficiency with bank management quality, we first analysed the effect of efficiency on the systematic risk of …

Persistent link: https://www.econbiz.de/10005515872