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Viac informácií o knihe Global Stock Markets

• Parametre knihy
• Anotácia kniha
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Anotácia knihy

Stock investments have become increasingly international, but only recently a deeper theoretical understanding of the forces influencing global stock market returns has been gained from empirical studies. This is a crucial issue for asset managers in order to control the risks and exposures of global stock portfolios successfully. Wolfgang Drobetz provides empirical evidence on the time variation of expected stock returns over the stages of the business cycle: If the time variation in expected returns is rational, driven by shocks to taste or technology, the variation in expected returns should be related to variation in consumption, investment and savings. Testing both stochastic discount factor models and beta pricing models, the author finds that predictability of stock returns is perfectly consistent with the concept of market efficiency and stock prices need not follow a random walk.

Parametre knihy

Zaradenie knihy Knihy po anglicky Economics, finance, business & management Business & management Sales & marketing

• Celý názov: Global Stock Markets
• Podnázov: Expected returns, consumption, and the business cycle
• Autor: Wolfgang Drobetz
• Jazyk: Angličtina
• Väzba: Brožovaná
• Počet strán: 332
• EAN: 9783824472727
• ISBN: 3824472724
• ID: 01757463
• Nakladateľ: Deutscher Universitats-Verlag
• Hmotnosť: 521 g
• Rozmery: 229 × 152 × 20 mm
• Dátum vydania: 30. October 2000

Obľúbené z iného súdka

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