Please use this identifier to cite or link to this item:
https://hdl.handle.net/10419/17786
Full metadata record
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Pierdzioch, Christian | en |
dc.contributor.author | Schertler, Andrea | en |
dc.date.accessioned | 2009-01-28T14:59:29Z | - |
dc.date.available | 2009-01-28T14:59:29Z | - |
dc.date.issued | 2005 | - |
dc.identifier.uri | http://hdl.handle.net/10419/17786 | - |
dc.description.abstract | We 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 |
dc.language.iso | eng | en |
dc.publisher | |aKiel Institute for World Economics (IfW) |cKiel | en |
dc.relation.ispartofseries | |aKiel Working Paper |x1235 | en |
dc.subject.jel | N24 | en |
dc.subject.jel | G14 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | Stock markets | en |
dc.subject.keyword | Return predictability | en |
dc.subject.keyword | High-technology firms | en |
dc.subject.stw | Kapitalertrag | en |
dc.subject.stw | Börsenkurs | en |
dc.subject.stw | Prognoseverfahren | en |
dc.subject.stw | Autokorrelation | en |
dc.subject.stw | Schätzung | en |
dc.subject.stw | Hochtechnologiesektor | en |
dc.subject.stw | Deutschland | en |
dc.subject.stw | Frankreich | en |
dc.subject.stw | Grossbritannien | en |
dc.title | Sources of Predictability of European Stock Markets for High-Technology Firms | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 480221847 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
dc.identifier.repec | RePEc:zbw:ifwkwp:1235 | en |
Files in This Item:
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.