Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/17786
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dc.contributor.authorPierdzioch, Christianen_US
dc.contributor.authorSchertler, Andreaen_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 hightechnologyfirms in Germany, France, and the United Kingdom during the second halfof the 1990s. We measure return predictability in terms of first-order autocorrelationcoefficients, and find evidence for return predictability of stock indexes of smaller hightechnologyfirms, but no evidence for return predictability of stock indexes of blue chipfirms. Our findings suggest that a leading candidate for explaining the economic sourcesof return predictability of stock indexes of smaller high-technology firms is transactioncosts.en_US
dc.language.isoengen_US
dc.publisher|aKiel Institute for the World Economy (IfW) |cKielen_US
dc.relation.ispartofseries|aKiel Working Paper |x1235en_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-
dc.identifier.repecRePEc:zbw:ifwkwp:1235-

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