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Issue: 1 The behavioral finance literature documents several long - term investment strategies that persistently generate superior risk-adjusted returns . This study focuses on several investment ...
price of the typical REIT. Key Words: REITs, stock split, market efficiency, behavioral finance, long - term performance, short- term performance 1 . Introduction The existing literature on stock split events ...
is significantly different from the random walk. Therefore, our results disprove the Efficient Market Hypothesis. Therefore, long -run total returns equal long -run earnings growth plus 4.5\%. We apply results ...
markets can be hierarchically classified into several groups that display similar long - term efficiency profiles. However, we also show that efficiency ranks and clusters of markets with similar trends ...
a relatively stable pattern in Bitcoin returns starting with the day after the event, which implies the fact that investors’ behavior is consistent with the efficient market hypothesis, irrespective of the sign ...
an efficient equilibrium, but the statistical uncertainty in profitability (which is adjusted to match real markets ) makes this noisy and uncertain. Even in the long term , the market spends extended periods ...
exponent tended to move around 0.5. Accordingly, the Bitcoin market behaves more efficiently since 2014 with its behavior across different time scales (5 − 12 h) being essentially similar in terms of long ...
). We find that, in the short term , crude oil and Russian equity show opposite responses to GPR; in the medium and long term , GPR information increases the risk in the financial market ; and the efficiency ...
of long ‐ term averages. I t is well established that the stock market reacts negatively to announcements of seasoned equity issues. 1 Recently, Spiess and Affleck‐Graves (1995) and Loughran and Ritter (1997 ...
economic well-being, and give full play to the advantages of Inclusive Finance to improve the financial market has become a problem that can not be ignored. In terms of policy significance, the research ...
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