Selected Essays in Empirical Asset Pricing
Financial researchers extensively discuss the efficiency of capital markets and the existence of possible misreactions in the information incorporation process. Christian Funke aims at developing a better understanding of a central asset pricing issue: the stock price discovery process in capital markets. He provides new evidence on the information incorporation process at the single-firm, industry, and cross-industry level. In three essays that display original empirical research using U.S. capital market data, he investigates the importance of mergers and acquisitions (M&A) for stock prices and examines economic links between customers and supplier firms. Return predictability at the single-firm, industry, and cross-industry level are documented which support the view of behavioral finance researchers that capital markets are not perfectly efficient.
| Autor: | Funke, Christian |
|---|---|
| ISBN: | 9783834911421 |
| Sprache: | Englisch |
| Seitenzahl: | 109 |
| Produktart: | Kartoniert / Broschiert |
| Verlag: | Betriebswirtschaftlicher Verlag Gabler |
| Veröffentlicht: | 26.06.2008 |
| Untertitel: | Information Incorporation at the Single-Firm, Industry and Cross-Industry Level |
| Schlagworte: | Aktienpreisbildung Asset Pricing Informationsverarbeitung Kapitalmärkte Markteffizienz Verhaltensorientierte Finanzwirtschaft stock prices |
Dr. Christian Funke completed his doctoral studies under the supervision of Prof. Dr. Lutz Johanning at the European Business School Oestrich Winkel. He is portfolio manager and partner at Source For Alpha, a quantitative asset management boutique.