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dc.contributor.authorPierdzioch, Christianen
dc.contributor.authorSchertler, Andreaen
dc.date.accessioned2009-01-28T14:59:39Z-
dc.date.available2009-01-28T14:59:39Z-
dc.date.issued2005-
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
dc.language.isoengen
dc.publisher|aKiel Institute for World Economics (IfW) |cKielen
dc.relation.ispartofseries|aKiel Working Paper |x1265en
dc.subject.jelE24en
dc.subject.jelC32en
dc.subject.jelB22en
dc.subject.ddc330en
dc.subject.keywordRecursive modeling approach ; Comovement of returns ; High-technology firmsen
dc.subject.stwBörsenkursen
dc.subject.stwInternationaler Preiszusammenhangen
dc.subject.stwNeuer Markten
dc.subject.stwWertpapieranalyseen
dc.subject.stwPrognoseverfahrenen
dc.subject.stwSchätzungen
dc.subject.stwDeutschlanden
dc.subject.stwFrankreichen
dc.subject.stwGroßbritannienen
dc.subject.stwUSAen
dc.titleInvesting in European Stock Markets for High-Technology Firms-
dc.typeWorking Paperen
dc.identifier.ppn505941783en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:ifwkwp:1265en

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