Selected Essays in Empirical Asset Pricing: Information Incorporation at the Single-Firm, Industry and Cross-Industry Level
- ISBN-10
- 3834911429
- ISBN-13
- 9783834911421
- Category
- Business & Economics
- Pages
- 132
- Language
- English
- Published
- 2008-06-26
- Publisher
- Springer DE
- Author
- Christian Funke
Description
Christian Funke aims at developing a better understanding of a central asset pricing issue: the stock price discovery process in capital markets. Using U.S. capital market data, he investigates the importance of mergers and acquisitions (M&A) for stock prices and examines economic links between customer and supplier firms. The empirical investigations document return predictability and show that capital markets are not perfectly efficient.
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Other editions
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- 2008-09-15
- 109 pages
- Ebook
- Springer Science & Business Media
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