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Chang, Chun - 2016

By studying the only mandatory pre-IPO market in the world – Taiwan's Emerging Stock Market (ESM), we document that pre-market prices are very informative about post-market prices and that the informativeness increases with a stock's liquidity. The ESM price-earnings ratio shortly before the...

Persistent link: https://www.econbiz.de/10013006668

The Overseas Listing Puzzle : Post-IPO Performance of Chinese Stocks and ADRs in the U.S. Market

Luo, Yongli - 2014

The “China concepts stock” in the U.S. has attracted a great deal of attention among international investors due to the fast growth in Chinese economy. This paper examines the aftermarket performance and the motivations to list in the U.S. for Chinese firms over 1993-2010 by considering the...

Persistent link: https://www.econbiz.de/10013065928

Does Foreign Investor Demand for Information Affect Forecast Accuracy? Evidence from the Chinese Stock Markets

Barniv, Ran Ron - 2010

Prior international accounting studies have examined mainly the supply side of analyst research. Specific trading rights and financial reporting systems in China provide a unique opportunity to test both demand and supply factors of analyst information. For shares traded only by less-informed...

Persistent link: https://www.econbiz.de/10013138744

The Cross-Section of Returns in Frontier Equity Markets : Integrated or Segmented Pricing?

Zaremba, Adam - 2019

Is asset pricing segmented or integrated in frontier equity markets? To answer this question, we examine the returns on more than 4,500 stocks from 22 frontier countries for the years 1997–2018. We evaluate the performance of a few major asset pricing models. We document strong value and...

Persistent link: https://www.econbiz.de/10012893028

Country and sector-specific spillover effects in the euro area, the United States and Japan

Kaltenhaeuser, Bernd - 2003

Within a two-step GARCH framework we explore the linkages between equity returns of ten sectors in the euro area, the … process towards higher integration has been primarily a phenomenon of equity markets in the euro area and the United States. …

Persistent link: https://www.econbiz.de/10009635881

The Adjustment of the Yule-Walker Relations in VAR Modeling : The Impact of the Euro on the Hong Kong Stock Market

Brailsford, Tim - 2016

Vector autoregressive models are increasingly being used in the analysis of relationships within and between financial markets. In such models, there are circumstances that require zero entries in the coefficient matrices. Such circumstances can be particularly relevant in the context of markets...

Persistent link: https://www.econbiz.de/10013004302

The Euro and European Stock Market Efficiency

Urquhart, Andrew - 2015

This paper examines the impact of the introduction of the Euro currency on the market efficiency of ten of the most … well as two subsets dictated by the introduction of the Euro currency. The full sample results are mixed, with the … efficiency. The subsample period results show that while some markets became more efficient after the introduction of the Euro …

Persistent link: https://www.econbiz.de/10013034214

EMU Effects on Stock Markets : From Home Bias to Euro Bias

Giofré, Maela - 2009

The shift of perspective from a national basis to a Euro area basis, inevitably induced by EMU, has led member … countries to a parallel shift from equity home bias to equity Euro bias. We interpret this evidence by means of a standard mean …

Persistent link: https://www.econbiz.de/10013159821

The impact of portfolio aggregation on day-of-the-week effect: evidence from Finland

Högholm, Kenneth; Knif, Johan - In: Global finance journal 20 (2009) 1, pp. 67-79

Persistent link: https://www.econbiz.de/10003878346

The Carry Trade on the Euro and the European Stock Market

Parlapiano, Fabio - 2014

We analyse the influence of carry trades involving the Euro on the Eurozone stock market, modelling returns as … considerable advantage of being directly observable. The results show that long future positions on the Euro rise contemporaneously …

Persistent link: https://www.econbiz.de/10013047121