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Strategies on Initial Public Offering of Company Equity at Stock Exchanges in Imperfect Highly Volatile Global Capital Markets with Induced Nonlinearities

Ledenyov, Dimitri - 2015

This research considers the strategies on the initial public offering of company equity at the stock exchanges in the … imperfect highly volatile global capital markets with the nonlinearities. We provide the IPO definition and compare the initial … listing requirements on the various markets. We analyze the IPO techniques: the fixed-price offerings, auctions, book …

Persistent link: https://www.econbiz.de/10013026463

The short-term impact of COVID-19 on global stock market indices

Singh, Gurmeet; Shaik, Muneer - In: Contemporary economics 15 (2021) 1, pp. 1-18

suggest that there is a significant effect of COVID-19 on global financial stock markets. However, the effect is varied for …

Persistent link: https://www.econbiz.de/10012485328

Do Investors Learn About Analyst Accuracy? A Study of the Oil Futures Market

Chang, Charles - 2010

We study the impact of analyst forecasts on prices to determine whether investors learn about analyst accuracy. The straight-forward relationship between supply and price, the economic importance of the market, the predictable timing of forecast error realizations, and the high frequency of the...

Persistent link: https://www.econbiz.de/10013149433

On the Expected Earnings Hypothesis Explanation of the Aggregate Returns-Earnings Association Puzzle

Bailey, Warren - 2019

We provide strong support for the underappreciated expected earnings hypothesis of negative correlation between aggregate stock returns and earnings (Sadka and Sadka (2009); Choi, Kalay, and Sadka (2016)). For the 1970 to 2000 period studied by Kothari, Lewellen, and Warner (2006), our powerful...

Persistent link: https://www.econbiz.de/10012896619

Stability in the ISE : Betas for Stocks and Portfolios

Oran, Adil - 2010

In this paper we examine the characteristics and stability of individual stock and portfolio betas of stocks listed in the Istanbul Stock Exchange (ISE) using samples of 500 individual stocks and 500 portfolios of 10 stocks each. We begin with a methodology similar to the basic event study...

Persistent link: https://www.econbiz.de/10013147415

Do Five Asset Pricing Anomalies Share a Common Mispricing Factor? Multifaceted Empirical Analyses of Failure Risk Proxies, External Financing, and Stock Returns

Ogden, Joseph P. - 2010

Assuming that risk premiums are determined by failure risk, we present a stylized model of interactions among risk-proxy variables, external financing, and stock returns in which a common mispricing factor, involving operating profit and external financing, drives the following five asset...

Persistent link: https://www.econbiz.de/10013147129

Credit rating downgrade risk on equity returns

Brakatsoulas, Periklis; Kukacka, Jiri - 2020

across several estimation methods. Panel Granger causality test results indicate that there indeed is a Granger …

Persistent link: https://www.econbiz.de/10012242861

Higher Moments Matter! Cross-Sectional (Higher) Moments and the Predictability of Stock Returns

Stöckl, Sebastian - 2016

returns. Adding to the work of Maio (2016), who finds cross-sectional volatility to forecast a decline in the equity premium …

Persistent link: https://www.econbiz.de/10012996822

The Opposing Effects of Information Complexity and Information Content on Return Volatility

Belo, Frederico - 2018

We evaluate the impact of complexity and content of new information on stock return volatility dynamics around 10-K fillings. On average, return volatility increases by 0.4% in the first four weeks after the release of the report, followed by a 2.6% decrease in the subsequent six weeks. This...

Persistent link: https://www.econbiz.de/10012937620

Does Individual Investor Attention to Accounting Information Influence the Pricing of Stocks?

Song, Shiwon - 2020

' acquisition of accounting information does not necessarily contribute to informationally efficient capital markets …

Persistent link: https://www.econbiz.de/10012851628