stock market. However, the volatility of strategy returns over time points out that the underlying market inefficiencies are …Die Dissertation befasst sich mit der praktischen Umsetzung der Behavioral-Finance-Theorie im Bereich des Asset … Strategierenditen über Zeit verdeutlicht jedoch, dass die den Anlagestrategien zugrunde liegenden Marktanomalien bei weitem nicht so …

foreign investors tends to increase market volatility more than trading by domestic investors, 2) foreign investors have …

volatility on foreign exchange markets. Starting point is the market participant's microeconomic investment decision, which is … trading volume and volatility on foreign exchange markets. We apply various two-country-models with representative market …

favor of the so-calles mixture of distributions hypothesis according to which the time-variant daily order flow translates … into volatility persistence in stock returns. In part two, I show that the introduction of continuous trading on the WSE is … volatility on days after limit hits and positive autocorrelation in stock returns. I do not find significant advantages of this …

in their ADR issuance decisions and, in doing so, display some ability to time their local exchange rate market. We study …

effects of less-thanperfectinformation. Specifically, the first essay examines the return and volatility transfersbetween ADRs … of informationaccessibility, ADR issuers are likely to time their issues or set their amounts with respect to …

cumulative outcome of past attempts to time the equity market. Baker and Wurgler extend market timing theory to long-term capital …Baker and Wurgler (2002) define a new theory of capital structure. In this theory capital structure evolves as the … explanations. First, I retest Baker and Wurgler's theory by using insider trading as an alternative to market-to-book ratio to …

related to the effects of less-thanperfect information. Specifically, the first essay examines the return and volatility … market. From purely the standpoint of information accessibility, ADR issuers are likely to time their issues or set their …

This paper examines time-series patterns of external financing decisions and shows that publicly traded U.S, firms fund … firms' historical financing decisions. We also introduce a new econometric technique This paper examines time …