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Author: Wing-Keung Wong Publisher: Mdpi AG ISBN: 9783036530802 Category : Business & Economics Languages : en Pages : 232
Book Description
The Efficient Market Hypothesis believes that it is impossible for an investor to outperform the market because all available information is already built into stock prices. However, some anomalies could persist in stock markets while some other anomalies could appear, disappear and re-appear again without any warning. A Special Issue on "Efficiency and Anomalies in Stock Markets" will be devoted to advancements in the theoretical development of market efficiency and anomaly in the Stock Market, as well as applications in Stock Market efficiency and anomalies.
Author: Wing-Keung Wong Publisher: Mdpi AG ISBN: 9783036530802 Category : Business & Economics Languages : en Pages : 232
Book Description
The Efficient Market Hypothesis believes that it is impossible for an investor to outperform the market because all available information is already built into stock prices. However, some anomalies could persist in stock markets while some other anomalies could appear, disappear and re-appear again without any warning. A Special Issue on "Efficiency and Anomalies in Stock Markets" will be devoted to advancements in the theoretical development of market efficiency and anomaly in the Stock Market, as well as applications in Stock Market efficiency and anomalies.
Author: Rahmat Hidayat Publisher: European Alliance for Innovation ISBN: 1631902083 Category : Education Languages : en Pages : 800
Book Description
As an annual event, THE 2ND INTERNATIONAL CONFERENCE ON ADVANCE & SCIENTIFIC INNOVATION 2019 continued the agenda to bring together researcher, academics, experts and professionals in examining about Scientific Innovation in technology, education, management, accounting and many aspect area. In 2019, this event held in 18 July 2019 at Politeknik Kutaraja, Banda Aceh, Indonesia. This ICASI Proceeding 2019 are published along with article from ICASI 2018 and each contributed paper was refereed before being accepted for publication. The double-blind peer reviewed was used in the paper selection.
Author: Itay Goldstein Publisher: ISBN: 9781601987686 Category : Business & Economics Languages : en Pages : 66
Book Description
Should Banks Stress Test Results be Disclosed? An Analysis of the Costs and Benefits reviews the theoretical literature on disclosure, tying it to the recent policy debate on whether stress-test results should be disclosed. The authors review the nature of stress tests required by the Dodd-Frank act and conducted by the Federal Reserve, an important aspect of which is the public disclosure of the results. Then, it compares the arguments for and against the disclosure of banks stress test results. While the rationale for disclosing stress test results may seem intuitive in the wake of the financial crisis, some argue that disclosing these results may actually have negative unintended consequences. Using insights from recent theoretical models, the authors provide a framework for understanding these negative unintended consequences. The authors argue that the benefits of disclosing stress-test results are clear: stress tests may uncover unique information about banks allowing both bank supervisors and market participants to exercise discipline on the bank s behavior. But because banks operate in second-best environments that are prone to externalities, there are inherent costs associated with such disclosures, and proper understanding of the sources of these costs would better inform the debate and guide regulators when designing stress tests and handling the disclosures. Should Banks Stress Test Results be Disclosed? An Analysis of the Costs and Benefits is organized as follows. After a brief introduction, Section 2 reviews the nature of stress tests and considers the unique information they provide to outsiders. Section 3 explains how disclosures of stress tests could provide regulatory and market discipline, and the positive impact such discipline may have on economic efficiency. The main section, Section 4, provides an in-depth review of the possible costs of disclosure. Building on the previous section, Section 5 shows that there are non-trivial trade-offs associated with disclosure of stress-test result, and provides several policy recommendations for regulators regarding test design and disclosure of results. Section 6 concludes by reiterating the need for the development of a framework that captures the combined effects on all banks, and the challenge this poses for academics and policy makers."
Author: Reinhard Mechler Publisher: Springer ISBN: 3319720260 Category : Science Languages : en Pages : 563
Book Description
This book provides an authoritative insight on the Loss and Damage discourse by highlighting state-of-the-art research and policy linked to this discourse and articulating its multiple concepts, principles and methods. Written by leading researchers and practitioners, it identifies practical and evidence-based policy options to inform the discourse and climate negotiations. With climate-related risks on the rise and impacts being felt around the globe has come the recognition that climate mitigation and adaptation may not be enough to manage the effects from anthropogenic climate change. This recognition led to the creation of the Warsaw International Mechanism on Loss and Damage in 2013, a climate policy mechanism dedicated to dealing with climate-related effects in highly vulnerable countries that face severe constraints and limits to adaptation. Endorsed in 2015 by the Paris Agreement and effectively considered a third pillar of international climate policy, debate and research on Loss and Damage continues to gain enormous traction. Yet, concepts, methods and tools as well as directions for policy and implementation have remained contested and vague. Suitable for researchers, policy-advisors, practitioners and the interested public, the book furthermore: • discusses the political, legal, economic and institutional dimensions of the issue• highlights normative questions central to the discourse • provides a focus on climate risks and climate risk management. • presents salient case studies from around the world.
Author: Stephen Satchell Publisher: Elsevier ISBN: 0080550673 Category : Business & Economics Languages : en Pages : 299
Book Description
Forecasting returns is as important as forecasting volatility in multiple areas of finance. This topic, essential to practitioners, is also studied by academics. In this new book, Dr Stephen Satchell brings together a collection of leading thinkers and practitioners from around the world who address this complex problem using the latest quantitative techniques.*Forecasting expected returns is an essential aspect of finance and highly technical *The first collection of papers to present new and developing techniques *International authors present both academic and practitioner perspectives
Author: Chih Wen-Hai Publisher: Springer Nature ISBN: 9464631546 Category : Business & Economics Languages : en Pages : 471
Book Description
This is an open access book.Due to the impacts of the Coronavirus Disease (COVID-19) around the world, international conference will be held in Semarang, Central Java, Indonesia, on 9th November 2022. Will take place online via zoom. The BABE International Conference series is held at regular intervals to provide an interactive forum for presentation and discussion on the International Conference of Business, Accounting, Banking, and Economics Research. We welcome participants academicians and practitioners from all over the world who are interested in developing new knowledge and professional ties to enhance career opportunities. The BABE international conference should serve as an ideal forum to establish relationships among members around the world. We hope you will join us at the BABE international conference 2022 which will be held regularly every year.
Author: Mr.Jorge A. Chan-Lau Publisher: International Monetary Fund ISBN: 1484306317 Category : Business & Economics Languages : en Pages : 18
Book Description
Despite increased need for top-down stress tests of financial institutions, performing them is challenging owing to the absence of granular information on banks’ trading and loan portfolios. To deal with these data shortcomings, this paper presents a market-based structural top-down stress testing methodology that relies in market-based measures of a bank's probability of default and structural models of default risk to infer the capital losses they could experience in stress scenarios. As an illustration, the methodology is applied to a set of banks in an advanced emerging market economy.
Author: N. Cakici Publisher: Springer ISBN: 1137359072 Category : Business & Economics Languages : en Pages : 347
Book Description
Risk and Return in Asian Emerging Markets offers readers a firm insight into the risk and return characteristics of leading Asian emerging market participants by comparing and contrasting behavioral model variables with predictive forecasting methods.
Author: William H. Beaver Publisher: Now Publishers Inc ISBN: 1601984243 Category : Business & Economics Languages : en Pages : 89
Book Description
Financial Statement Analysis and the Prediction of Financial Distress discusses the evolution of three main streams within the financial distress prediction literature: the set of dependent and explanatory variables used, the statistical methods of estimation, and the modeling of financial distress. Section 1 discusses concepts of financial distress. Section 2 discusses theories regarding the use of financial ratios as predictors of financial distress. Section 3 contains a brief review of the literature. Section 4 discusses the use of market price-based models of financial distress. Section 5 develops the statistical methods for empirical estimation of the probability of financial distress. Section 6 discusses the major empirical findings with respect to prediction of financial distress. Section 7 briefly summarizes some of the more relevant literature with respect to bond ratings. Section 8 presents some suggestions for future research and Section 9 presents concluding remarks.
Author: Wing-Keung Wong
Author: Wing-Keung Wong
Author: Rahmat Hidayat
Author: John H. Cochrane
Author: Itay Goldstein
Author: Reinhard Mechler
Author: Stephen Satchell
Author: Chih Wen-Hai
Author: Mr.Jorge A. Chan-Lau
Author: N. Cakici
Author: William H. Beaver