Three Essays on Empirical Asset Pricing in International Equity Markets

In this Open-Access-book three essays on empirical asset pricing in international equity markets are presented. Despite being of fundamental economic and scientific importance, international financial markets have remained considerably underresearched until today. In the first essay, the role of fir...

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Auteur principal: Müller, Birgit Charlotte
Format: Online
Langue:allemand
Publié: Springer Nature 2021
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Accès en ligne:ONIX_20211005_9783658354794_27
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author Müller, Birgit Charlotte
author_browse Müller, Birgit Charlotte
author_facet Müller, Birgit Charlotte
author_sort Müller, Birgit Charlotte
collection Directory of Open Access Books
description In this Open-Access-book three essays on empirical asset pricing in international equity markets are presented. Despite being of fundamental economic and scientific importance, international financial markets have remained considerably underresearched until today. In the first essay, the role of firm-specific characteristics is analyzed for the momentum effect to exist in international equity markets. The second essay investigates the validity, persistence, and robustness of the newly discovered capital share growth factor across international equity markets as proposed by Lettau et al. (2019) for the U.S. market. Lastly, the third and final essay studies stock market reactions of European vendor banks to distressed loan sale announcements.
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institution Directory of Open Access Books
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spelling doab-20.500.12854ir-720652025-08-13T14:11:08Z Three Essays on Empirical Asset Pricing in International Equity Markets Müller, Birgit Charlotte international stock markets empirical asset pricing market efficiency behavioral finance real estate finance Open Access thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry In this Open-Access-book three essays on empirical asset pricing in international equity markets are presented. Despite being of fundamental economic and scientific importance, international financial markets have remained considerably underresearched until today. In the first essay, the role of firm-specific characteristics is analyzed for the momentum effect to exist in international equity markets. The second essay investigates the validity, persistence, and robustness of the newly discovered capital share growth factor across international equity markets as proposed by Lettau et al. (2019) for the U.S. market. Lastly, the third and final essay studies stock market reactions of European vendor banks to distressed loan sale announcements. 2021-10-06T04:02:52Z 2021-10-06T04:02:52Z 2021-10-05T14:07:11Z 2021 book ONIX_20211005_9783658354794_27 OCN: 1286904877 https://library.oapen.org/handle/20.500.12657/50739 9783658354794 https://directory.doabooks.org/handle/20.500.12854/72065 ger Gabler Theses open access image/jpeg image/jpeg image/jpeg n/a n/a n/a https://library.oapen.org/bitstream/20.500.12657/50739/1/978-3-658-35479-4.pdf https://library.oapen.org/bitstream/20.500.12657/50739/1/978-3-658-35479-4.pdf https://library.oapen.org/bitstream/20.500.12657/50739/1/978-3-658-35479-4.pdf Springer Nature Springer Gabler 10.1007/978-3-658-35479-4 10.1007/978-3-658-35479-4 9fa3421d-f917-4153-b9ab-fc337c396b5a 9783658354794 Springer Gabler 147 open access
spellingShingle international stock markets
empirical asset pricing
market efficiency
behavioral finance
real estate finance
Open Access
thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry
thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry
Müller, Birgit Charlotte
Three Essays on Empirical Asset Pricing in International Equity Markets
title Three Essays on Empirical Asset Pricing in International Equity Markets
title_full Three Essays on Empirical Asset Pricing in International Equity Markets
title_fullStr Three Essays on Empirical Asset Pricing in International Equity Markets
title_full_unstemmed Three Essays on Empirical Asset Pricing in International Equity Markets
title_short Three Essays on Empirical Asset Pricing in International Equity Markets
title_sort three essays on empirical asset pricing in international equity markets
topic international stock markets
empirical asset pricing
market efficiency
behavioral finance
real estate finance
Open Access
thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry
thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry
topic_facet international stock markets
empirical asset pricing
market efficiency
behavioral finance
real estate finance
Open Access
thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry
thema EDItEUR::K Economics, Finance, Business and Management::KF Finance and accounting::KFF Finance and the finance industry
url ONIX_20211005_9783658354794_27
work_keys_str_mv AT mullerbirgitcharlotte threeessaysonempiricalassetpricingininternationalequitymarkets