Xem 1-4 trên 4 kết quả Financial anomalies
  • The content of this book has become ever more relevant after the recent 2007–2009 and 2011 financial crises, one consequence of which was greatly increased scepticism among investment professionals about the received wisdom drawn from standard finance, modern portfolio theory and its later developments.

    pdf99p tuanloc_do 04-12-2012 28 8   Download

  • The variables measuring the independence and financial expertise of the board and audit committees, the CEO’s influence on the board, and data on auditors’ fees were hand collected from the latest proxy statement dated before the announcement date of a restatement. We measure these variables before the restatement announcement because firms may change the structure of their board or audit committee or replace their CEOs after restating their earnings.

    pdf124p bin_pham 06-02-2013 18 7   Download

  • The size of this market is very roughly estimated to be around USD 3.8 trillion, already over half of the notional size of the hedge fund industry (AUM plus leverage), and growing quickly in the last two years. Structured products are passive in nature (unlike hedge fund active styles), and focus on providing returns (for different risk profiles of clients) with some element of capital guarantee. Constant proportion portfolio insurance (CPPI) is one of the popular new- generation techniques. These products have not been tested when major anomalies in volatility arise.

    pdf15p quaivatdo 18-11-2012 16 4   Download

  • Behavioral Finance, a study of investor market behavior that derives from psychological principles of decision making, to explain why people buy or sell the stocks they do. The linkage of behavioral cognitive psychology, which studies human decision making, and financial market economics. Behavioral Finance focuses upon how investors interpret and act on information to make informed investment decisions. Investors do not always behave in a rational, predictable and an unbiased manner indicated by the quantitative models.

    pdf29p dauxanhnguyenhuong 28-09-2011 48 11   Download

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