Author: Sadettin Aydin YukselPublisher:
ISBN:
Category : Stock exchanges
Languages : en
Pages : 446
Book Description
Three Essays on the Microstructure of the Turkish Stock Market
Author: Sadettin Aydin YukselPublisher:
ISBN:
Category : Stock exchanges
Languages : en
Pages : 446
Book Description
Essays on the Turkish Stock Market
Author: Rafi KaragölPublisher:
ISBN:
Category : Stock exchanges
Languages : en
Pages : 0
Book Description
This PhD dissertation research primarily aims to empirically investigate three major, yet distinct and stand alone, financial topics using data from Turkey. These are (i) analysis of effects of financial statements on stock returns and their conditional volatility using an event study methodology; (ii) analysis of relationship between credit rating and firm-specific characteristics in a cross-section framework; and (iii) analysis of credit ratings and stock market performance using both firm-specific characteristics and selected macroeconomic variables in a panel data framework. My contribution remains as a pioneering effort to analyse these issues at least in the context of Turkey. The first empirical work, based on event study methodology employing a modified asymmetric time-varying volatility model, concludes that there are significant return and volatility effects stemming from announcement of audited semi-annual financial statements. This conclusion is also valid for the pre-announcements and postannouncement dates. It should be noted that event study methodology is a test of the informational efficiency subject to the joint hypothesis problem. My results can be considered as evidence against the informational efficiency of the Turkish stock market. The second area of research is on the relationships between corporate credit ratings and firm-specific characteristics. This investigation is based on a cross-sectional regression analysis. It concluded that size, sector, systemic risk and volatility are important factors on credit ratings and stock returns. The third empirical work employs panel data methodology to analyse the relationship between corporate credit rating and stock market performance indicators. It is found that both firm-specific characteristics and macroeconomic variables have significant effects on stock returns.
Dissertation Abstracts International
Author: Publisher:
ISBN:
Category : Dissertations, Academic
Languages : en
Pages : 594
Book Description
Studies in Nonlinear and Long Memory Time Series Econometrics
Author: Rehim KiliçPublisher:
ISBN:
Category : Autoregression (Statistics)
Languages : en
Pages : 536
Book Description
American Doctoral Dissertations
Author: Publisher:
ISBN:
Category : Dissertation abstracts
Languages : en
Pages : 816
Book Description
The Efficient Market Hypothesis Revisited
Author: Nuray Ergül KondakPublisher:
ISBN: 9789757539803
Category : Capital market
Languages : en
Pages : 204
Book Description
Minority Games
Author: Damien ChalletPublisher: OUP Oxford
ISBN: 0191546526
Category : Science
Languages : en
Pages : 364
Book Description
The Minority Game is a physicist's attempt to explain market behaviour by the interaction between traders. With a minimal set of ingredients and drastic assumptions, this model reproduces market ecology among different types of traders. Its emphasis is on speculative trading and information flow. The book first describes the philosophy lying behind the conception of the Minority Game in 1997, and includes in particular a discussion about the El Farol bar problem. It then reviews the main steps in later developments, including both the theory and its applications to market phenomena. 'Minority Games' gives a colourful and stylized, but also realistic picture of how financial markets operate.
International Corporate Finance, + Website
Author: Laurent L. JacquePublisher: John Wiley & Sons
ISBN: 1118781864
Category : Business & Economics
Languages : en
Pages : 885
Book Description
A thorough introduction to corporate finance from a renowned professor of finance and banking As globalization redefines the field of corporate finance, international and domestic finance have become almost inseparably intertwined. It's increasingly difficult to understand what is happening in capital markets without a firm grasp of currency markets, the investment strategies of sovereign wealth funds, carry trade, and foreign exchange derivatives products. International Corporate Finance offers thorough coverage of the international monetary climate, including Islamic finance, Asian banking, and cross-border mergers and acquisitions. Additionally, the book offers keen insight on global capital markets, equity markets, and bond markets, as well as foreign exchange risk management and how to forecast exchange rates. Offers a comprehensive discussion of the current state of international corporate finance Provides simple rules and pragmatic answers to key managerial questions and issues Includes case studies and real-world decision-making situations For anyone who wants to understand how finance works in today's hyper-connected global economy, International Corporate Finance is an insightful, practical guide to this complex subject.
Financial Management from an Emerging Market Perspective
Author: Soner GoktenPublisher: BoD – Books on Demand
ISBN: 9535137360
Category : Computers
Languages : en
Pages : 334
Book Description
One of the main reasons to name this book as Financial Management from an Emerging Market Perspective is to show the main differences of financial theory and practice in emerging markets other than the developed ones. Our many years of learning, teaching, and consulting experience have taught us that the theory of finance differs in developed and emerging markets. It is a well-known fact that emerging markets do not always share the same financial management problems with the developed ones. This book intends to show these differences, which could be traced to several characteristics unique to emerging markets, and these unique characteristics could generate a different view of finance theory in a different manner. As a consequence, different financial decisions, arrangements, institutions, and practices may evolve in emerging markets over time. The purpose of this book is to provide practitioners and academicians with a working knowledge of the different financial management applications and their use in an emerging market setting. Six main topics regarding the financial management applications in emerging markets are covered, and the context of these topics are "Capital Structure," "Market Efficiency and Market Models," "Merger and Acquisitions and Corporate Governance," "Working Capital Management," "Financial Economics and Digital Currency," and "Real Estate and Health Finance."
Author: