Stock Market Anomalies

The Latin American Evidence
2006
ISBN: 978-3-8350-0273-9
Verlag: Deutscher Universitätsverlag

Buch, Englisch, 195 Seiten, Format (B × H): 148 mm x 210 mm, Gewicht: 281 g

Reihe: Empirische Finanzmarktforschung/Empirical Finance

Interest in the Latin American emerging markets (LAEM) has increased considerably in recent years. It is often claimed that they have to pay a price for being too different from developed markets, i.e. for having weak institutions, failed macroeconomic programs, political instability, poor corporate governance and high trading costs.

Victor Silverio Posadas Hernandez explores three sets of questions:

" What are the investment laws in the LAEM and how do they compare to those of developed countries?
" How heterogeneous are the implicit trading costs in the LAEM and which factors are responsible for the heterogeneity?
" How does the predictability of stock returns in the LAEM differ from those documented for developed markets?

Zielgruppe

Research

Autoren/Hrsg.

Posadas Hernandez, Victor Silverio

Fachgebiete

• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Geldwirtschaft, Währungspolitik
• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Börse, Rohstoffe

Inhaltsverzeichnis

Latin American Emerging Markets.- An Index Methodology for Analyzing and Comparing the Development State and Trading Architecture of Stock Markets.- Univariate Portfolio Approach.- Regression Approach.- Conclusions.

Über Autor(innen)

Dr. Victor Silverio Posadas Hernandez promovierte extern bei Prof. Dr. Jan Pieter Krahnen am Lehrstuhl für Kreditwirtschaft und Finanzierung der Universität Frankfurt am Main. Er ist als Exposure Management Analyst at Credit Management bei der Deutschen Bank AG in Frankfurt tätig.