Results 21 to 30 of about 1,549,609 (329)

Evolutionary Stable Stock Markets [PDF]

open access: yesSSRN Electronic Journal, 2003
This paper shows that a stock market is evolutionary stable if and only if stocks are evaluated by expected relative dividends. Any other market can be invaded in the sense that there is a portfolio rule that, when introduced on the market with arbitrarily small initial wealth, increases its market share at the incumbent’s expense.
Klaus Reiner Schenk-Hoppé   +5 more
openaire   +7 more sources

The Development of Stock Markets: In Search of a Theory

open access: yesInternational Journal of Economics and Financial Issues, 2013
This paper aims to provide a framework for the main determinants of stock market development. Assessing stock market development requires not only an understanding of its main determinants but also a clear definition of what “stock market development ...
Kamal A. El Wassal
doaj   +6 more sources

Regularities in stock markets [PDF]

open access: yesInternational Journal of Modern Physics C, 2020
From the stock markets of six countries with high GDP, we study the stock indices, S&P 500 (NYSE, USA), SSE Composite (SSE, China), Nikkei (TSE, Japan), DAX (FSE, Germany), FTSE 100 (LSE, Britain) and NIFTY (NSE, India). The daily mean growth of the stock values is exponential.
Abhin Kakkad, Arnab K. Ray, Harsh Vasoya
openaire   +4 more sources

Asymmetric Conditional Volatility in International Stock Markets [PDF]

open access: yes, 2006
Recent studies show that a negative shock in stock prices will generate more volatility than a positive shock of similar magnitude. The aim of this paper is to appraise the hypothesis under which the conditional mean and the conditional variance of stock
Bacry   +31 more
core   +4 more sources

On the Autocorrelation of the Stock Market* [PDF]

open access: yesJournal of Financial Econometrics, 2021
Abstract I introduce an index of market return autocorrelation based on the prices of index options and of forward-start index options and implement it at a six-month horizon. The results suggest that the autocorrelation of the S&P 500 index was close to zero before the subprime crisis but was negative in its aftermath, attaining ...
openaire   +2 more sources

EXCHANGE RATE VOLATILITY AND STOCK MARKET DEVELOPMENT: AN EMPIRICAL EVIDENCE FROM NIGERIA

open access: yesMalete Journal of Accounting and Finance, 2023
Recent evidence suggests that stock markets experience shift in volatility which can affect development of such markets. This study re-examines exchange rate volatility and stock market development in Nigeria using annual data from 1985-2020.
Ahmed Oluwatobi ADEKUNLE
doaj  

The Stock Market and Investment [PDF]

open access: yesReview of Financial Studies, 1990
Changes in stock prices have substantial explanatory power for U.S. investment, especially for long-term samples, and even in the presence of cash flow variables. The stock market dramatically out-performs a standard q-variable because the market-equity component of this variable is only a rough proxy for stock market value.
openaire   +3 more sources

A Factor Analysis of Investment Behaviour for Small Investors in the Hong Kong Stock Market [PDF]

open access: yes, 2015
Hon (2012) found that small investors were overconfident and bought more stock during the buoyant market in the Hong Kong stock market. Small investors also exhibited herd behaviour. In this paper we extend his paper to identify and analyse the important
HON, Tai-Yuen
core   +2 more sources

Predicting Stock Market Investment Intention and Behavior among Malaysian Working Adults Using Partial Least Squares Structural Equation Modeling

open access: yesMathematics, 2021
The purpose of this study was to investigate the effects of risk tolerance, financial well-being, financial literacy, overconfidence bias, herding behavior, and social interaction on stock market investment intention and stock market participation among ...
Marvello Yang   +4 more
doaj   +1 more source

Inflation and the Stock Market [PDF]

open access: yes, 1978
This paper discusses a crucial cause of the failure of share prices to rise during a decade of substantial inflation. Indeed, the share value per dollar of pretax earnings actually fell from 10.82 in 1967 to 6.65 in 1976. The analysis here indicates that this inverse relation between higher inflation and lower share prices during the past decade was ...
openaire   +3 more sources

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