Three Essays on Empirical Asset Pricing in International Equity Markets

Paperback Duits 2021 9783658354787
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Samenvatting

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.

Specificaties

ISBN13:9783658354787
Taal:Duits
Bindwijze:paperback
Uitgever:Springer Fachmedien Wiesbaden

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Inhoudsopgave

General Introduction.- Cross-Country Composite.- Capital Share Risk in International Asset Pricing.- The Pricing of European Non-Performing Real Estate Loan Portfolios.- Concluding Remarks.

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        Three Essays on Empirical Asset Pricing in International Equity Markets