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We calculate the shareholder returns of the companies in the Euro Stoxx 50 in the period 2004 - April 2020. We analyze 62 companies: 47 that were in the Euro Stoxx 50 in April 2020 and had trading records since December 2004 and 15 companies that had been in the Euro Stoxx 50 in the period. In...
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, Italy, Spain or the UK?Most of the analysts use a RF higher than the yield of the 10-year Government bonds. A reason for it …
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Abstract Background A significant share of business innovation arises from information and communication (ICT) sector. Business investment into research and development (R&D) activities can be seen as an important basis for innovation, which can further lead to better economic performance. This...
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Germany, Greece, Ireland, Italy, Spain and Portugal. The stability ofGermany is a close proxy for the resilience of the euro … during 2009–12 were due toidiosyncratic factors, market developments in Italy and Spain contributed significantly, likely due …'s sovereign CDS despite initial widespread concerns about such linkages. Spain and Italy show anotable co-dependence in explaining …
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Pairs trading strategy's return depends on the divergence/convergence movements of a selected pair of stocks' prices. However, if the stable long term relationship of the stocks changes, price will not converge and the trade opened after divergence will close with losses. We propose a new model...
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. While most disparities arise because theory provides little guidance on estimation, some are also a result of practitioners …
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