منابع مشابه
Entry costs and stock market participation over the life cycle
Several explanations for the observed limited stock market participation have been offered in the literature. One of the most promising one is the presence of market frictions mostly in the form of fixed entry and/or transaction costs. Empirical studies strongly point to a significant structural (state) dependence in the the stock market entry decision, which is consistent with costs of these t...
متن کاملEntry Costs and Stock Market Participation Over the Life Cycle1
Several explanations for the observed limited stock market participation have been offered in the literature. One of the most promising is the presence of market frictions mostly in the form of fixed entry and/or transaction costs. Empirical studies point to a significant structural (state) dependence in the the stock market entry decision, which is consistent with costs of this type. However, ...
متن کاملEarnings management, lawsuits, and stock-for-stock acquirers’ market performance
There is a positive association between stock-for-stock acquirers’ pre-merger abnormal accruals and post-merger announcement lawsuits. The market only partially anticipates the effects of post-merger announcement lawsuits at the merger announcement and the post-merger announcement long-term market underperformance is largely limited to litigated acquisitions. Overall, the evidence suggests that...
متن کاملThe Congressional Calendar and Stock Market Performance
This study reports on the existence of a curious calendar effect--a relationship between stock market performance and the schedule of the U.S. Congress. Almost the entire advance in the market since 1897 corresponds to the periods when Congress is in recess. This is an impressive result, given that Congress is in recess about half as long as in sesskm. Furthermore, average daily returns when Co...
متن کاملStock Market performance and modern portfolio theory: Case on Malaysian stock market and Asian Indices
Stocks market performance measurement has long been regarded as the most interesting part in investment. Many new methods emerge every year but most of these are rooted from Modern Portfolio theory by Harry Markowitz. In this research paper, we have used the efficient frontier from modern portfolio theory to determine the best stocks performance in KLCI index from 2006-2010. The data is compare...
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ژورنال
عنوان ژورنال: Journal of Financial Economics
سال: 2012
ISSN: 0304-405X
DOI: 10.1016/j.jfineco.2011.01.010