Stock returns

Work experience is a key factor in hiring decision of managers. However, empirical evidence that early life experience matters is very limited. This thesis fills in the gap by examining how work experience affects managerial performance and managerial style in mutual funds. Using a sample of Chinese fund managers, we find performances and styles vary across managers of different career backgrounds. Notably, managers of research and especially government backgrounds show higher risk adjusted returns while taking on less systematic risk.

161p runthenight04 02-02-2023 7 2   Download

This study extends the limited finance literature on return and volatility spillover effects in China and emerging markets. It investigates the market interdependence and volatility transmissions between the Chinese stock market and other financial markets, including both domestic and international markets. The significance of this study arises from the importance of China due to its large economic scale and financial influence. To understand the behaviour of the Chinese stock market, this research has four different perspectives.

296p runthenight04 02-02-2023 6 2   Download

"Doctoral thesis of Philosophy: Empirical analysis of stock return synchronicity comparison of developed and emerging markets" is divided into eight chapters. Chapter two contains a literature review and chapter three explains the methodology and the data used in the thesis. Chapters four, five and six use the three different synchronicity measures in an analysis of emerging and developed markets. A comparison between the three synchronicity measures is provided in chapter seven.

163p runthenight04 02-02-2023 9 2   Download

This thesis provides solid evidence to support the notion that idiosyncratic volatility plays a significant role in Australian equity markets. Therefore, it should not be ignored but instead should be considered when evaluating the performance of Australian stock portfolios and pension funds. It can also be used to predict Australian economic conditions.

214p runthenight04 02-02-2023 5 2   Download

With a view of providing investors with a better understanding of the risk and return relationship in the A-share market over the past decade, this thesis adapts several empirical models to the circumstances in China and conducts four empirical analyses. The analysis is undertaken employing the returns on the Chinese A-share market, the Chinese B-share market and the Hong Kong H-share market together with a series of developed stock markets.

196p runthenight04 02-02-2023 10 3   Download

The objective of the thesis is to study “The efect of holiday, weather, lunar calendar on the return of Vietnam stock market” with the basis of linking investor's mood theory and decision on stock investment and characteristics related to these three effects in Vietnam.

27p dungmaithuy 18-09-2019 41 2   Download

This study contributes to the stream of literature on fundamental analysis and SG&A costs by performing a more detailed breakdown of changes in the SG&A ratio and by demonstrating that this partitioning provides information about changes in future earnings, analyst forecast revisions, and future stock returns.

99p fugu897 03-07-2019 22 3   Download

Bài tập nhóm Tài chính hành vi: Seasonality in returns on the Chinese stock markets: the case of shanghai and shenzhen trình bày về dữ liệu, biến động tháng và hiệu ứng tháng, biến động quý và hiệu ứng quý. Giới hạn về giá cổ phiếu đã ảnh hưởng đến mô hình phân tích lợi nhuận theo ngày.

35p green_12 12-05-2014 121 12   Download

Beta(β) In finance, the Beta (β) of a stock or portfolio is a number describing the relation of its returns with those of the financial market as a whole. • An asset has a Beta of zero if its returns change independently of changes in the market's returns. A positive beta means that the asset's returns generally follow the market's returns, in the sense that they both tend to be above their respective averages together, or both tend to be below their respective averages together. A negative beta means that the asset's returns generally move opposite the market's returns: one...

5p dauxanhnguyenhuong 28-09-2011 64 7   Download

Có rất nhiều chỉ số để đánh giá về tình hình tài chính của một doanh nghiệp, như chỉ số về tỷ suất lợi nhuận trên doanh thu, chỉ số về tài sản lưu động, chỉ số đầu tư vốn... Nhưng có một chỉ số quan trọng mà lâu nay chưa được nhiều người để ý đến, đó là chỉ số ROE (Return on equity - Chỉ số quay vòng vốn).

2p baodiv 01-03-2009 231 90   Download