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dc.contributor.authorPierdzioch, Christianen_US
dc.contributor.authorSchertler, Andreaen_US
dc.date.accessioned2009-01-28T14:59:39Z-
dc.date.available2009-01-28T14:59:39Z-
dc.date.issued2005en_US
dc.identifier.urihttp://hdl.handle.net/10419/17813-
dc.description.abstractWe used a recursive modeling approach to study whether investors could, in real time, have used information on the comovement of stock markets to forecast stock returns in European stock markets for high-technology firms. We used weekly data on returns in the Neuer Markt, the Nouveau Marché, the Alternative Investment Market, and the NASDAQ. We found substan-tial changes over time in the usefulness of the inter-European and cross-Atlantic comovement of stock markets for predicting stock returns. We also studied how monitoring the comovement of stock markets would have affected the performance of simple trading rules and investor?s market-timing skills.en_US
dc.language.isoengen_US
dc.publisherKiel Institute for the World Economy (IfW) Kielen_US
dc.relation.ispartofseriesKieler Arbeitspapiere 1265en_US
dc.subject.jelE24en_US
dc.subject.jelC32en_US
dc.subject.jelB22en_US
dc.subject.ddc330en_US
dc.subject.keywordRecursive modeling approach ; Comovement of returns ; High-technology firmsen_US
dc.subject.stwBörsenkursen_US
dc.subject.stwInternationaler Preiszusammenhangen_US
dc.subject.stwNeuer Markten_US
dc.subject.stwWertpapieranalyseen_US
dc.subject.stwPrognoseverfahrenen_US
dc.subject.stwSchätzungen_US
dc.subject.stwDeutschlanden_US
dc.subject.stwFrankreichen_US
dc.subject.stwGroßbritannienen_US
dc.subject.stwUSAen_US
dc.titleInvesting in European Stock Markets for High-Technology Firmsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn505941783en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
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Kieler Arbeitspapiere, IfW

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