Market Hypothesis sense. The paper tries to show that this so-called excess volatility is to a large extend the result of the … employing the Gordon Growth Model and using an estimation process for the dividend growth rate that was suggested by Barsky and …, constant dividend growth rates as well as non-variable discount rates. It is shown that indeed volatility declines considerably …

speculate, we show that speculation increases volatility of asset returns and investment growth, increases the equity risk …

stocks, the paper focuses on the study of the monthly evolution of normalized volatility ratios on Euronext Paris for the CAC … normalized volatility ratio is used as a measure of the market quality from the point of view of price discovery. A significant …-hour number of trades and the monthly average number of transactions are significant explanatory variables of the volatility …

stock market's volatility, depending on how severely the constraint was binding before being removed, and whether markets …