This dissertation consists of two essays on predictability of asset prices. "Benchmarkingproblems and long horizon abnormal returns" and, "Low R-square in the cross section ofexpected returns". Long run abnormal returns following Initial Public Offerings (IPOs),Seasoned Equity Offers (SEO) and...

This dissertation consists of two essays on predictability of asset prices. "Benchmarking problems and long horizon abnormal returns" and, "Low R-square in the cross section of expected returns". Long run abnormal returns following Initial Public Offerings (IPOs), Seasoned Equity Offers (SEO)...