Essays about: "important of EMH"

Showing result 1 - 5 of 7 essays containing the words important of EMH.

1. 1. Post Earnings Announcement Drift in the Stockholm Stock Exchange : How pronounced is PEAD on beta, traded volume and sector allocation?

   University essay from Blekinge Tekniska Högskola/Institutionen för industriell ekonomi

   Author : Ramon Nino; Paula Sander Pettersson; [2023]
   Keywords : PEAD; Post Earnings Announcement Drift; Anomalies; Efficient Market Hypothesis; Earnings announcements; beta; volume; sector; price;

   Abstract : Post Earnings Announcement Drift (PEAD) is a market anomaly that challenge the “Efficient Market Hypothesis” (EMH). It was first discovered in 1968 by Ball and Brown. When firms on the stock market have their earnings announcement the stock price will be affected and tend to drift up or down in price for days, weeks or months. READ MORE

3. 2. Do Mergers and Acquisitions Create Value for Acquirers? Short- and Long-Term Event Study on the Pharmaceutical Industry of Europe

   University essay from Lunds universitet/Nationalekonomiska institutionen

   Author : Anton Lindström; Aleksi Kekkonen; [2018]
   Keywords : Event study; Buy- and hold abnormal return; Cumulative abnormal return; Pharmaceutical industry; Efficient market hypothesis; Business and Economics;

   Abstract : In this thesis, the short- and long-term event study methodology are applied in order to assess whether M&As, in the pharmaceutical industry, create any abnormal return for the acquirer. The majority of the previous research finds a negative abnormal return but the short-term event study seems to generate slightly positive abnormal returns outside the U. READ MORE

4. 3. Stock Market’s Short-Term Reactions and Volatility as a Result of Political Instability in Serbia

   University essay from Blekinge Tekniska Högskola/Sektionen för management

   Author : Vladimir STAMENOVIC; [2012]
   Keywords : GARCH; Serbia; volatility; political instability; shock-days; short-term stock market reactions;

   Abstract : Volatility of financial markets has been mathematically defined and well researched, but its causes are harder to identify. Investors’ strategies are based on numerous factors based on well-known theories – EMH, or more behavioral theory. READ MORE

5. 4. Capitalizing on seasonalities in the Singapore Straits Times Index

   University essay from IHH, Företagsekonomi

   Author : Oscar Hetting; Joakim Hellman; Maryam Tarighi; [2012]
   Keywords : Finance; behavioural finance; efficient markets hypothesis; EMH; seasonal anomalies; calendar effects; day-of-the-week effects; month-of-the-year effects; Straits Times Index; STI; abnormal returns;

   Abstract : Purpose: The purpose of this thesis is to study the possible existence of day-of-the-week effects and month-of-the-year effects in the Singapore stock market over the period January 1st 1993 to December 31st 2011. The findings are analysed with the intention of developing investment strategies and to investigate if behavioural finance can help to explain the existence of seasonal anomalies. READ MORE

6. 5. The Efficiency of the Chinese Stock Market with Respect to Monetary Policy

   University essay from Lunds universitet/Nationalekonomiska institutionen

   Author : Yinxia Guo; [2008]
   Keywords : VaR; the efficient market hypothesis; monetary policy; impulse responses functions IRFs ; variance decompositions VDCs ; Economics; econometrics; economic theory; economic systems; economic policy; Nationalekonomi; ekonometri; ekonomisk teori; ekonomiska system; ekonomisk politik; Business and Economics;

   Abstract : Due to the bull stock market in China, the efficiency of the Chinese stock market has been one of the hot topics. Because monetary policy plays an important role in Chinese economy and there is a close relationship between stock returns and monetary policy, I test the efficient market hypothesis (EMH) for the Chinese stock market with respect to monetary policy. READ MORE