Essays about: "Market-timing hypothesis"
Showing result 1 - 5 of 8 essays containing the words Market-timing hypothesis.
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1. Filtering techniques for asset allocation using a Discrete Time Micro-structure model: a comparative study
University essay from Lunds universitet/Nationalekonomiska institutionenAbstract : This paper is a comparative study of different approaches to using a Discrete Time Micro-structure model. By using the three filtering techniques Extended Kalman, Unscented Kalman and Bootstrap Particle, the hidden variables; excess demand and market liquidity, were estimated and used in an asset allocation strategy that invested in the asset when the excess demand as estimated as positive, due to the assumption that positive excess demand would make the price go up. READ MORE
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2. Equity Market Environment as a Capital Structure Determinant - Incorporating a systematic risk factor in the trade-off theory
University essay from Handelshögskolan i Stockholm/Institutionen för redovisning och finansieringAbstract : In this thesis, we aim to increase the explanatory power of the trade-off theory by incorporating an element of the market-timing hypothesis. We apply an adjusted version of a generally accepted framework for testing the trade-off theory, with the inclusion of a variable designed to capture the equity market environment. READ MORE
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3. The Economic Cycle’s Effect on IPOs
University essay from Lunds universitet/Företagsekonomiska institutionenAbstract : Title: The Economic Cycle’s Effect on IPOs Seminar date: 2016-06-02 Course: BUSN89 Degree Project in Corporate and Financial Management – Master Level, 15 ECTS Authors: Niklas Lindh and Viktor Pennsäter Supervisor: Håkan Jankensgård Key words: IPO, initial public offering, economic cycle, market timing and IPO waves. Purpose: Investigate how the economic cycle influences IPO initial return and long-run performance. READ MORE
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4. Market Timing Ability of Bond-Equity Yield Ratio : A study of trading strategies in Japan, Malaysia and Singapore
University essay from Umeå universitet/FöretagsekonomiAbstract : Market Timing Strategy is an active investment strategy, which is based on the signals of indicators, for the investors to make their investment decisions. However, there has always been the question on which variable is a good indicator, that would provide superior returns for the investment. READ MORE
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5. Equity Market Timing and the Capital Structure of Swedish Firms
University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomiAbstract : We test the equity market timing hypothesis using yearly data from 1994-2013 for a sample of Swedish firms listed on Stockholm OMX. We do not find any support for market timing when using Kayhan and Titman's (2007) market timing measures. READ MORE
