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Judith Klahn - The Predictabilty of German Stock Returns - 9783824471027 - V9783824471027
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The Predictabilty of German Stock Returns

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Description for The Predictabilty of German Stock Returns Paperback. Dissertation Universitat Trier 1998 Series: Empirische Finanzmarktforschung / Empirical Finance. Num Pages: 142 pages, 35 black & white tables, biography. Category: (P) Professional & Vocational. Dimension: 210 x 148 x 7. Weight in Grams: 181.
Ten years ago, most textbooks on financial management advocated the thesis that stock returns are essentially unpredictable. This theory is called the Random Walk Approach to the development of asset prices. The approach said that the stock market is subject to random changes, which are, by definition, unpredictable. Apparent predictabilities, if ever discovered, were either dismissed as statistical artifacts or as data that cannot be exploited after transaction costs. In the meantime, the world of financial economics has turned upside down. We now realize clearly that returns are indeed predictable to a large extent. Recent studies have confirmed that U.S. ... Read more

Product Details

Format
Paperback
Publication date
2000
Publisher
Deutscher Universitats-Verlag Germany
Number of pages
142
Condition
New
Series
Empirische Finanzmarktforschung / Empirical Finance
Number of Pages
128
Place of Publication
Wiesbaden, Germany
ISBN
9783824471027
SKU
V9783824471027
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15

About Judith Klahn
Dr. Judith Klähn promovierte bei Prof. Dr. Hellmuth Milde am Lehrstuhl für Geld, Kredit, Finanzierung der Universität Trier. Sie ist als Investmentbankerin bei der Deutsche Bank Securities im Bereich Asset Backed Securities in New York tätig.

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