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Foreign Bias in Australian Domiciled Mutual Fund Holdings
Mishra, Anil V - Volkswirtschaftliche Fakultät, … - 2015
The paper develops foreign equity bias measures for Australian domiciled mutual funds, which invest in 41 countries worldwide, over the period 2002 to 2012, by employing various models i.e. International Capital Asset Pricing, Mean-Variance, Minimum-Variance, Bayes-Stein, Bayesian and...
Persistent link: https://www.econbiz.de/10011234846
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Measures of Equity Home Bias Puzzle
Mishra, Anil - Volkswirtschaftliche Fakultät, … - 2013
The paper develops measures of home bias for 48 countries over the period 2001 to 2011 by employing various models: International Capital Asset Pricing Model (ICAPM), Mean-Variance, Minimum-Variance, Bayes-Stein, Bayesian and Multi-Prior. ICAPM country portfolio weights are computed relative to...
Persistent link: https://www.econbiz.de/10011258830
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Extreme Returns in the European Financial Crisis
Chouliaras, Andreas; Grammatikos, Theoharry - Volkswirtschaftliche Fakultät, … - 2014
We examine the transmission of extreme stock market returns among three groups of countries: the Euro-periphery countries (Portugal, Ireland, Italy, Greece, Spain), the Euro-core countries (Germany, France, the Netherlands, Finland, Belgium), and the major European Union -but not euro- countries...
Persistent link: https://www.econbiz.de/10011113837
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Календарні закономірності розподілу дохідності та волатильності на українському фондовому ринку...
Petrushchak, Bohdan - Volkswirtschaftliche Fakultät, … - 2011
The theoretical aspects of calendar effects and anomalies on the Ukrainian stock market and the empirical evidences of monthly returns and volatility of PFTS-index are examined. A strong evidence of a calendar effect i.e. December effect on Ukrainian PFTS exchange was found. It can be explained...
Persistent link: https://www.econbiz.de/10009004195
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The calendar regularity of earnings and volatility distribution on the Ukrainian stock market
Petrushchak, Bohdan - Volkswirtschaftliche Fakultät, … - 2011
The theoretical aspects of calendar effects and anomalies on the Ukrainian stock market and the empirical evidences of monthly returns and volatility of PFTS-index are examined. A strong evidence of a calendar effect i.e. December effect on Ukrainian PFTS exchange was found. It can be explained...
Persistent link: https://www.econbiz.de/10009147598
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Календарні ефекти та аномалії на українському фондовому ринку: теорія і практика
Petrushchak, Bohdan - Volkswirtschaftliche Fakultät, … - 2011
The theoretical aspects of calendar effects and anomalies on the Ukrainian stock market and the empirical evidence of daily, monthly and quarterly returns of PFTS-index and their volatility are examined. A strong evidence of a calendar effect i.e. December effect on Ukrainian PFTS exchange was...
Persistent link: https://www.econbiz.de/10009372488
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The Diversification Potential Offered by Emerging Markets in Recent Years
Camilleri, Silvio John; Galea, Gabriella - Volkswirtschaftliche Fakultät, … - 2009
This paper investigates the diversification prospects which may be reaped when investing in a mixture of emerging and … diversification potential and therefore risk reduction. Yet, the latter may be counterbalanced by the fact that emerging markets … that emerging markets have offered diversification potential. However we also find evidence of features which make it more …
Persistent link: https://www.econbiz.de/10011189011
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Input Demand under Joint Energy and Output Prices Uncertainties
Alghalith, Moawia; Guo, Xu; Wong, Wing-Keung; Zhu, Lixing - Volkswirtschaftliche Fakultät, … - 2013
In this paper, we analyze the impacts of joint energy and output prices uncertainties on the inputs demands in a mean-variance framework. We find that an increase in expected output price will surely cause the risk averse firm to increase the inputs’ demand, while an increase in expected...
Persistent link: https://www.econbiz.de/10011259317
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The Logic of Merger and Acquisition Pricing
Lenz, Rainer - Volkswirtschaftliche Fakultät, … - 2008
The valuation of synergy is vital to the success of any merger, however, given current valuation methodologies and the complexity of the task; it is also the most challenging element of merger and acquisition pricing. Conventional valuation methods assume that sales figures and market share of...
Persistent link: https://www.econbiz.de/10008694022
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A dominant firm’s strategy and its effect on the capital structure of non‐dominant firms in the self‐service discount stores industry
Santillán Salgado, Roberto; Hibert Sánchez, Abel - Volkswirtschaftliche Fakultät, … - 2009
In an industry characterized by oligopolistic market structures there are generally firms that have enough market power as to influence the pricing and output decisions of all participants, forcing others to follow the strategies followed by the dominant firm(s) with very little opportunity to...
Persistent link: https://www.econbiz.de/10011112603