Sökning: "EMH"

Hittade 2 avhandlingar innehållade ordet EMH.

1. 1. Essays on Information and Conflicts of Interest in Stock Recommendations

   Författare :Erik Lidén; Göteborgs universitet; []
   Nyckelord :SAMHÄLLSVETENSKAP; SOCIAL SCIENCES; Stock recommendations; Printed media; Price-pressure hypothesis; Information hypothesis; Journalists; Analysts; EMH; Initiations; Information asymmetry; Initial public offerings; Quiet period; Underwriter analysts.;

   Sammanfattning : This thesis brings together three separate empirical essays on the information and conflicts of interest in stock recommendations. The first essay analyzes stock-price reactions to recommendations published in printed Swedish media and also trading volumes at and around the publication day, bid/ask spreads, and the post-publication drift in recommended stocks for the period 1995-2000. LÄS MER

3. 2. Reappraisal of market efficiency tests arising from nonlinear dependence, fractals, and dynamical systems theory

   Författare :Gun-Ho Cha; Handelshögskolan i Stockholm; []
   Nyckelord :SAMHÄLLSVETENSKAP; SOCIAL SCIENCES;

   Sammanfattning : The efficient market hypothesis (EMH) has long been perceived as the cornerstone of modern finance theory. However, the EMH has also recently been dismissed as "the most remarkable error in the history of economic theory" (Wall Street Journal, Oct. 23. 1987). LÄS MER