Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/17786 
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dc.contributor.authorPierdzioch, Christianen
dc.contributor.authorSchertler, Andreaen
dc.date.accessioned2009-01-28T14:59:29Z-
dc.date.available2009-01-28T14:59:29Z-
dc.date.issued2005-
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
dc.language.isoengen
dc.publisher|aKiel Institute for World Economics (IfW) |cKielen
dc.relation.ispartofseries|aKiel Working Paper |x1235en
dc.subject.jelN24en
dc.subject.jelG14en
dc.subject.ddc330en
dc.subject.keywordStock marketsen
dc.subject.keywordReturn predictabilityen
dc.subject.keywordHigh-technology firmsen
dc.subject.stwKapitalertragen
dc.subject.stwBörsenkursen
dc.subject.stwPrognoseverfahrenen
dc.subject.stwAutokorrelationen
dc.subject.stwSchätzungen
dc.subject.stwHochtechnologiesektoren
dc.subject.stwDeutschlanden
dc.subject.stwFrankreichen
dc.subject.stwGrossbritannienen
dc.titleSources of Predictability of European Stock Markets for High-Technology Firms-
dc.typeWorking Paperen
dc.identifier.ppn480221847en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:ifwkwp:1235en

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