'Abnormal return' diaporamas de présentation

Market Efficiency and Empirical Evidence

Market Efficiency and Empirical Evidence Chapters 11 & 13 Efficient Market Hypothesis (EMH) Do security prices reflect information ?

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Learning Objectives

7. Learning Objectives. You should strive to have your investment knowledge fully reflect: 1. The foundations of market efficiency. 2. The implications of the forms of market efficiency. 3. Market efficiency and the performance of professional money managers.

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Corporate Financing Decisions and Efficient Capital Markets

Corporate Financing Decisions and Efficient Capital Markets. Key Concepts and Skills. Understand the importance of capital market efficiency Be able to define the forms of efficiency Know the various empirical tests of market efficiency

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Operational Risk and Reputation in the Financial Industry

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Introduction

Changes in Equity Returns and Volatility across Different Australian Industries Following the Recent Terrorist Attacks. Co-Authors. Dr. Vikash Ramiah Cam Marie-Anne Michael Calabro David Maher Shahab Ghafouri. 1. Introduction. 2. Data & Methods. Research Assistants. Jason Lont

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Capital Market Efficiency The Empirics

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Efficient Market Hypothesis The Empirics

Efficient Market Hypothesis The Empirics. 4 basic traits of efficiency.

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Event Studies and Shareholder Wealth Implications of Corporate Lawsuits

Event Studies and Shareholder Wealth Implications of Corporate Lawsuits. Event Study. Event study focuses on the movement of stock prices due to unexpected actions by Managers Investors Policy makers that might affect firm values.

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Analysis of Land Tenders in Singapore

ERES Conference 2012. Analysis of Land Tenders in Singapore. Lawrence Chin, PhD & Yu Kok Soon Dept of Real Estate National University of Singapore. Outline. Introduction Objectives of paper Literature review Research methods Findings of study Conclusion. SINGAPORE: Size and Skyline.

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Event Studies

Event Studies. Event Study. An event study is designed to examine market reactions to, and abnormal returns around specific information-imparting events. These events can be market-wide or firm-specific

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Do managers time the market ? Evidence from open-market share repurchases

Do managers time the market ? Evidence from open-market share repurchases. Konan Chan, Univ. of Hong Kong and National Taiwan Univ. David Ikenberry, University of Illinois at Urbana-Champaign Inmoo Lee, National University of Singapore.

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Econometrics for Finance

Econometrics for Finance. Session 1: Event Study Dr.Arnat Leemakdej. Outline of Session. Overview of Event Study Methodology. FFJR (1969) Event Study Design Assignment#1. What is an Event Study ?.

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Zafeira Kastrinaki EC Competition Enforcement Data ACLE, 10-11 April, 2008 Amsterdam

Does EC balances efficiency gains against anti-competitive effects? A Preliminarily Empirical Evaluation. Zafeira Kastrinaki EC Competition Enforcement Data ACLE, 10-11 April, 2008 Amsterdam. Motivation.

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MUTUAL FUNDS OPERATION

MUTUAL FUNDS OPERATION. CHAPTER 23. INVESTMENT COMPANIES . Definition of an Investment Company;

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Average return to acquirers and targets by transferring assets to each other are different

Average return to acquirers and targets by transferring assets to each other are different Often return to acquirer is none but shareholders have some amount by holding different period from announcement date Capron & Pistre , 2002.

86 views • 1 slides