The first public share issue in the PRC took place in 1994. By the early 21st century, in the space of less than two decades, the Chinese stock market has become the largest one in Asia, with the exception of Japan. Along with this rapid enlargement of the market, the Chinese stock trading...

Die Arbeit beschäftigt sich mit der Frage, ob die Wirtschaftssonderzonen in der Volksrepublik China ein sinnvolles Politikinstrument waren, um ein sozialistisches Wirtschaftssystem in einem Transformationsprozeß zu einem marktwirtschaftlichen System zu unterstützen. Darüber hinaus wird die...

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...

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...

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...

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...

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...

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...