The Accrual anomaly: An investigation on the Dutch stock market Год выпуска: 2012Автор: Paul HoefslootИздательство: Страниц: 64ISBN: 3848440180Описание This paper investigates the existence of the accrual anomaly on the Dutch stock market. It documents that there is statistical evidence to accept that the cash flow component of current earnings is significantly more persistent than the accrual component of current earnings with respect to future earnings. Applying a trading strategy this paper shows that a significant abnormal return can de made by constructing a portfolio consisting of firms with relatively low accruals. However, contrary to U.S. findings, a hedge return consisting of a long position in low accruals firms and a short position in high accruals firms (hedge portfolio) generates neither substantial nor statistically significant returns.
Похожие книги
George A. Fontanills, Tom Gentile, George A. Fontanills. The Stock Market Course. – М.: , 0. – 0 с. Paul Hoefsloot. The Accrual anomaly: An investigation on the Dutch stock market. – М.: , 2012. – 64 с. Henry Inegbedion. Efficient Market Hypothesis and the Nigerian Capital Market: Examination of the Nigerian Stock Market for Market Efficiency. – М.: , 2012. – 108 с. Richard Minns. The Cold War in Welfare: Stock Markets versus Pensions. – М.: , 0. – 0 с. David Cohen. Fear, Greed & Panic: The Psychology of the Stock Market. – М.: , 0. – 0 с. B. Mark Smith. The Equity Culture: The Story of the Global Stock Market. – М.: , 0. – 0 с. Ellen Hertz. The Trading Crowd: An Ethnography of the Shanghai Stock Market (Cambridge Studies in Social and Cultural Anthropology, 108). – М.: , 0. – 0 с. Caren Yinxia Guo Nielsen. The Efficiency of China''s Stock Market with Respect to Monetary Policy. – М.: LAP Lambert Academic Publishing, 2010. – 60 с. P.C. Jagersma. The information value of dividend. – М.: LAP Lambert Academic Publishing, 2010. – 60 с. Martijn van der Kroon. Altering the Dutch labour market. – М.: LAP Lambert Academic Publishing, 2011. – 84 с. Surachai Chancharat. Thai Stock Market in the Context of Global Stock Market Integration. – М.: LAP Lambert Academic Publishing, 2011. – 164 с. Mohammad Al Suhaibani. Three Essays on the Market Microstructure of the Saudi Stock Market. – М.: LAP Lambert Academic Publishing, 2011. – 168 с. Paul Hoefsloot. The Accrual anomaly. – М.: LAP Lambert Academic Publishing, 2012. – 64 с. Mohamed Omran. Corporate Voluntary Disclosure for the Egyptian Stock Market. – М.: LAP Lambert Academic Publishing, 2014. – 260 с. Subba Reddy Yarram. Trading Activity in the Indian Stock Markets. – М.: LAP Lambert Academic Publishing, 2011. – 236 с. Fazelina Sahul Hamid. A Study Of Risk Taking Behavior In The Malaysian Stock Market. – М.: LAP Lambert Academic Publishing, 2012. – 136 с. Paramalakshmi Devi. Foreign Institutional Investors(FII) and The Indian Stock Market. – М.: LAP Lambert Academic Publishing, 2012. – 176 с. Образцы работ
Задайте свой вопрос по вашей теме
Контакты
Поделиться
Мы в социальных сетях
Реклама
Отзывы
Ирина, 16.02 "Студенточка" помогла мне справиться с проблемами вёрстки книги. Помощь была оказана квалифицированно и доброжелательно. Мне не только помогли практически, но и дали хорошую консультацию. От своего имени и от имени учёного в области фундаментостроения Самуила Кушнера выражаю "Студенточке" глубокую благодарность.
