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dc.contributor.authorPierdzioch, Christianen_US
dc.contributor.authorSchertler, Andreaen_US
dc.coverage.temporal1998-2002en_US
dc.date.accessioned2009-01-28T14:59:29Z-
dc.date.available2009-01-28T14:59:29Z-
dc.date.issued2005en_US
dc.identifier.urihttp://hdl.handle.net/10419/17786-
dc.description.abstractWe study return predictability of stock indexes of blue chip firms and smaller hightechnology firms in Germany, France, and the United Kingdom during the second half of the 1990s. We measure return predictability in terms of first-order autocorrelation coefficients, and find evidence for return predictability of stock indexes of smaller hightechnology firms, but no evidence for return predictability of stock indexes of blue chip firms. Our findings suggest that a leading candidate for explaining the economic sources of return predictability of stock indexes of smaller high-technology firms is transaction costs.en_US
dc.language.isoengen_US
dc.publisherKiel Institute for the World Economy (IfW) Kielen_US
dc.relation.ispartofseriesKieler Arbeitspapiere 1235en_US
dc.subject.jelN24en_US
dc.subject.jelG14en_US
dc.subject.ddc330en_US
dc.subject.keywordStock marketsen_US
dc.subject.keywordReturn predictabilityen_US
dc.subject.keywordHigh-technology firmsen_US
dc.subject.stwKapitalertragen_US
dc.subject.stwBörsenkursen_US
dc.subject.stwPrognoseverfahrenen_US
dc.subject.stwAutokorrelationen_US
dc.subject.stwSchätzungen_US
dc.subject.stwHochtechnologiesektoren_US
dc.subject.stwDeutschlanden_US
dc.subject.stwFrankreichen_US
dc.subject.stwGrossbritannienen_US
dc.titleSources of Predictability of European Stock Markets for High-Technology Firmsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn480221847en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
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Kieler Arbeitspapiere, IfW

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