Essays about: "EMH financial information"

Showing result 11 - 15 of 15 essays containing the words EMH financial information.

  1. 11. Investor distraction during the Swedish summer and stock market under-reaction to companies’ earnings releases

    University essay from Företagsekonomiska institutionen

    Author : Alyssa Guscott; My Bach; [2011]
    Keywords : investor distraction; investor inattention; Post Earnings Announcement Drift; PEAD; under-reaction; earnings surprise; SUE; summer; seasonal effects; buy and hold abnormal returns; abnormal returns; BHAR;

    Abstract : This paper investigates whether greater investor distraction on the Swedish stock market during the summer months of June, July and August leads to a more pronounced post earnings announcement drift (PEAD) effect, during the ten year period between 2000 and 2009. PEAD is an anomaly whereby the information contained in earnings announcements is not immediately or completely incorporated into stock prices, in the cases where the announcement contains an ‘earnings surprise’. READ MORE

  3. 12. The Speed of Adjustment of Stock Prices to New Information - An event study on the Swedish stock market

    University essay from Göteborgs universitet/Företagsekonomiska institutionen

    Author : Jonas Hartman; Rasmus Rodestedt; [2010-06-22]
    Keywords : EMH; Event Study; Anomaly; Stock Market; Interim Reports;

    Abstract : The area of efficient markets has been of great interest to economists, scientists and frankly speaking the whole society for centuries. Ever since the days of Eugene Fama the Efficient Market Hypothesis has divided the financial community into sympathizers and opponents. A great variety of studies have either proved or disproved the theory. READ MORE

  4. 13. The Law of One Price : Evidence from Three European Stock Exchanges

    University essay from Institutionen för ekonomisk och industriell utveckling

    Author : Sanna Olkkonen; [2009]
    Keywords : ;

    Abstract : For the last decades the Efficient Market Hypothesis (EMH) has had a vital role in the financial theory. According to the theory assets, independent of geographic location, always are correctly priced due to the notion of information efficiency across financial markets. READ MORE

  5. 14. Follow the Insider : An event study on the impact of Insider transactions

    University essay from Företagsekonomiska institutionen

    Author : Zackarias Atallah; Nassim El Amrani; [2005]
    Keywords : ;

    Abstract : Although there are as many trading strategies as there are people in this world, the traditional opinion is that investments should be based on sound fundamental analysis which in turn is partly based on information that by law should be given to the financial market without delay. The Efficient Market Hypothesis (EMH) states that prices quickly adjust to new information and that current prices are accurately reflected by all the information about the asset in question (Fama, 1970). READ MORE

  6. 15. The Credit Derivative Market, -an efficiency study

    University essay from Lunds universitet/Företagsekonomiska institutionen

    Author : Sven Johansson; Per-Anders Persson; Klas-Johan Claeson; [2002]
    Keywords : Credit derivatives; risk management; efficiency; Financial innovations; Asymmetric information; EMH; Market microstructure; Management of enterprises; Företagsledning; management; Business and Economics;

    Abstract : Purpose: Using both a theoretical and empirical perspective, we investigate if the credit derivative market is efficient or not. Method: We have used a qualitative method. A survey has been sent to 23 major banks and investment banks with questions about the credit derivative market and how the efficiency work in the market. READ MORE