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Commodity futures and momentum trading: implications for behavioural finance

Calder, Dan; O'Grady, Thomas - 2009

The purpose of this paper is to expand the research on momentum strategies in the securities market. Specifically, it examines the momentum anomaly in respect to the commodity futures market, and closely follows recent work as studied by Miffre and Rallis (2007). This study identifies one...

Persistent link: https://www.econbiz.de/10009434769

The low P/E effect and abnormal returns for Australian industrial firms

Kelly, Simone; McClean, Jenna; McNamara, Ray - 2008

While the low P/E effect has been examined rather extensively in international markets particularly in the US, there is a notable absence of Australian market-based P/E studies. This research examines the relationship between the investment performance of Australian Industrial common stock and...

Persistent link: https://www.econbiz.de/10009441755

Price efficiency and speculative trading in cocoa futures markets

Nardella, Michele - 2007

In recent years a number of market participants called into question the efficiency of the price discoverymechanism in commodity futures markets. They believe that speculators move commodity futures marketsaway from their fundamentals by distorting prices and exacerbating volatility. The smoking...

Persistent link: https://www.econbiz.de/10009445112

Scaling properties of financial time series

Schreier, David - 2007

This thesis will first criticize standard financial theory. The focus will be on return distributions, efficient market hypothesis and the independence of returns. Part two gives the intuition to look at markets in a different view. Namely the one proposed by B. Mandelbrot who has shown that...

Persistent link: https://www.econbiz.de/10009467109

Evaluation of Baltic Stock Exchanges' Efficiency

Repečkaitė, Gerda - 2010

In this Master‘s Thesis the Baltic Stock Exchange’s (Lithuanian, Latvian and Estonian) efficiency is valued for the period of 2004-2009. This thesis aims to evaluate the reaction of Baltic stock exchange to quarterly financial statement announcements. To reach this aim the concept of market...

Persistent link: https://www.econbiz.de/10009478248

Silpnos formos efektyvumo tyrimas Baltijos šalių akcijų rinkose

Meškauskaitė, Viltė - 2010

Tyrimo objektas – silpnos formos efektyvumas Baltijos šalių akcijų rinkose.Tyrimo tikslas – įvertinti silpnos formos efektyvumo pasireiškimą Baltijos šalių akcijų rinkose.Tyrimo uždaviniai:1. Atskleisti efektyvios rinkos hipotezės sampratą;2. Apibūdinti efektyvios rinkos formas...

Persistent link: https://www.econbiz.de/10009478700

Superior investment returns : the role of value-based investment / R.A. Janse van Rensburg.

Janse Van Rensburg, Roedolf Arnoldus - 2009

The strong form of the efficient market hypothesis (EMH) puts forward that it is impossible to achieve better than market results. Yet there are very famous investors, particularly a famous value based investor named Warren Buffett that have achieved better than market returns. The primary...

Persistent link: https://www.econbiz.de/10009455929

The efficient market hypothesis through the eyes of an artificial technical analyst

Timur Yusupov - 2007

The academic literature has been reluctant to accept technical analysis as a rational strategy of traders in financial markets. In practice traders and analysts heavily use technical analysis to make investment decisions. To resolve this incongruence the aim of this study is to translate...

Persistent link: https://www.econbiz.de/10009428999

Essays in corporate finance

Laranjeira, Bruno d. - 2011

This thesis presents two essays in Corporate Finance. In the first essay, I use the August 2007 crisis episode to gauge the effect of financial contracting on real firm behavior. I identify heterogeneity in financial contracting at the onset of the crisis by exploiting ex-ante variation in...

Persistent link: https://www.econbiz.de/10009477629

Factors affecting the adoption and practice of knowledge management in the life insurance industry in Taiwan

Huang, Li-Su - 2007

In the trend of globalization and coordination of banks, insurance and security companies, Taiwan life insurance … organization, have just been initiated in Taiwan life insurance industry recently. The issues of knowledge management have been … embedded qualitative field study among the life insurance enterprises in Taiwan. The research aims to examine the value of …

Persistent link: https://www.econbiz.de/10009435012