Irrational Exuberance Reconsidered The Cross Section of Stock Returns

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  • Engels
  • Hardcover
  • 9783540140078
  • 20 januari 2004
  • 230 pagina's
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Samenvatting

Does the stock market overreact? Theory and empirical analysis are blended with feedback from security analysts to offer a road towards a deeper understanding of the underlying forces to drive performance in the stock market.

In his book "Irrational Exuberance" Robert Shiller offered an analysis of the US stock market in 2000.



Does the stock market overreact? Recent capital market turbulences have cast doubt whether the behaviour of stock markets is in line with rational investor behaviour. This monograph presents a framework to evaluate whether the stock market is in line with underlying fundamentals. This new and revised edition offers an up to date introduction to the controversy between rational asset pricing and behavioural finance. Empirical evidence of stock market overreaction are investigated within the paradigms of rational asset pricing and behavioural finance. Although this monograph will not promise the reader to become a millionaire, it offers a road to obtain a deeper understanding of the forces which drive stock returns. It should be of interest to anyone interested in what drives performance in the stock market.



Does the stock market overreact? Recent capital market turbulences have cast doubt whether the behaviour of stock markets is in line with rational investor behaviour. To which extent stock returns are predictable is the question at the heart of the controversy between the paradigms of rational asset pricing and behavioural finance. This new and revised edition discusses the empirical evidence from both perspectives. Theory and empirical analysis are blended with feedback from security analysts to offer a road towards a deeper understanding of the underlying forces to drive performance in the stock market.

In his book "Irrational Exuberance" Robert Shiller offered an analysis of the US stock market in 2000. The focus of his book was the level of the stock market, which he thought to be overvalued at the time. This monograph offers a complementary analysis of the cross section of stock returns.

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Inhoud

Taal
en
Bindwijze
Hardcover
Oorspronkelijke releasedatum
20 januari 2004
Aantal pagina's
230
Illustraties
Nee

Betrokkenen

Hoofdauteur
Mathias Kulpmann
Tweede Auteur
Matthias Kulpmann
Co Auteur
Mathias Kulpmann

Overige kenmerken

Editie
2
Extra groot lettertype
Nee
Product breedte
159 mm
Product hoogte
19 mm
Product lengte
235 mm
Studieboek
Nee
Verpakking breedte
159 mm
Verpakking hoogte
19 mm
Verpakking lengte
235 mm
Verpakkingsgewicht
476 g

EAN

EAN
9783540140078

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Bindwijze : Hardcover

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