Global Stock Markets: Expected returns, consumption, and the business cycle
Drobetz, Wolfgang
ISBN 10: 3824472724 ISBN 13: 9783824472727
Editore: Deutscher Universitätsverlag, 2000
Nuovi
Brossura
Da
Lucky's Textbooks, Dallas, TX, U.S.A.
Valutazione del venditore 5 su 5 stelle
Venditore AbeBooks dal 22 luglio 2022
Questo articolo specifico non è più disponibile.
Riguardo questo articolo
Descrizione:
Codice articolo ABLIING23Apr0316110066832
Riassunto:
Wolfgang Drobetz provides empirical evidence on the time variation of expected stock returns over the stages of the business cycle.
Informazioni sull?autore: Dr. Wolfgang Drobetz ist Assistent am Schweizerischen Institut für Banken und Finanzen der Universität St. Gallen, wo er bei Prof. Dr. Heinz Zimmermann promovierte.
Le informazioni nella sezione "Su questo libro" possono far riferimento a edizioni diverse di questo titolo.
Dati bibliografici
Titolo: Global Stock Markets: Expected returns, ...
Casa editrice: Deutscher Universitätsverlag
Data di pubblicazione: 2000
Legatura: Brossura
Condizione: New
I migliori risultati di ricerca su AbeBooks
Immagini fornite dal venditore
Global Stock Markets
Editore:
Deutscher Universitätsverlag, 2000
ISBN 10: 3824472724
ISBN 13: 9783824472727
Nuovo
Brossura
Da: moluna, Greven, Germania
Valutazione del venditore 4 su 5 stelle
Condizione: New. Dieser Artikel ist ein Print on Demand Artikel und wird nach Ihrer Bestellung fuer Sie gedruckt. Dr. Wolfgang Drobetz ist Assistent am Schweizerischen Institut fuer Banken und Finanzen der Universitaet St. Gallen, wo er bei Prof. Dr. Heinz Zimmermann promovierte.Wolfgang Drobetz provides empirical evidence on the time variation of expected stock retu. Codice articolo 5338740
Compra nuovo
EUR 48,37
Spedizione EUR 48,99
Spedito da Germania a U.S.A.
Spedito da Germania a U.S.A.
Quantità: Più di 20 disponibili
Global Stock Markets | Expected returns, consumption, and the business cycle
Editore:
Deutscher Universitätsverlag, 2000
ISBN 10: 3824472724
ISBN 13: 9783824472727
Nuovo
Taschenbuch
Da: preigu, Osnabrück, Germania
Valutazione del venditore 5 su 5 stelle
Taschenbuch. Condizione: Neu. Global Stock Markets | Expected returns, consumption, and the business cycle | Wolfgang Drobetz | Taschenbuch | XIX | Englisch | 2000 | Deutscher Universitätsverlag | EAN 9783824472727 | Verantwortliche Person für die EU: Deutscher Universitätsverlag in Springer Science + Business, Tiergartenstr. 15-17, 69121 Heidelberg, juergen[dot]hartmann[at]springer[dot]com | Anbieter: preigu Print on Demand. Codice articolo 105645870
Compra nuovo
EUR 50,25
Spedizione EUR 70,00
Spedito da Germania a U.S.A.
Spedito da Germania a U.S.A.
Quantità: 5 disponibili
Immagini fornite dal venditore
Global Stock Markets
ISBN 10: 3824472724
ISBN 13: 9783824472727
Nuovo
Taschenbuch
Da: buchversandmimpf2000, Emtmannsberg, BAYE, Germania
Valutazione del venditore 5 su 5 stelle
Taschenbuch. Condizione: Neu. This item is printed on demand - Print on Demand Titel. Neuware -'While the state-preference approach is perhaps more general than the mean variance approach and provides an elegant framework for investigating theo retical issues, it is unfortunately difficult to give it empirical content. ' I The state of the art in asset pricing has substantially changed over the past years. While the seminal CAPM represents an equilibrium model derived under rather restrictive assumptions on preferences or return distributions and places a lot of emphasis on the efficiency of a somehow arbitrary market portfolio, subsequent models were much less restrictive with respect to the underlying economic struc ture. For example, the arbitrage pricing theory maintains the linear relationship between risk and return simply by assuming the absence of arbitrage profits. While empirically more tractable than the CAPM, the main drawback of arbitrage pricing models is that they do not provide much insight into the economic and dynamic nature of risk premia. The 'conditional' CAPM provides an elegant econometric framework to characterize how changing economic conditions de termine the variability of multiple risk premia. However, this framework still re quires some rather ad-hoc assumptions about the economic nature of the pricing kernel. An ingenious next step in asset pricing modeling was therefore to revert the question to be addressed. Instead of placing strong restrictions on distribu tions and preferences, observed returns are used to derive restrictions which must be imposed on the stochastic properties of the pricing kernel. A simple Euler-type equation is typically used to characterize that approach.Deutscher Universitätsverlag in Springer Science + Business , Tiergartenstr. 15-17, 69121 Heidelberg 356 pp. Englisch. Codice articolo 9783824472727
Compra nuovo
EUR 53,49
Spedizione EUR 60,00
Spedito da Germania a U.S.A.
Spedito da Germania a U.S.A.
Quantità: 1 disponibili
Immagini fornite dal venditore
Global Stock Markets : Expected returns, consumption, and the business cycle
Editore:
Deutscher Universitätsverlag, Deutscher Universitätsverlag, 2000
ISBN 10: 3824472724
ISBN 13: 9783824472727
Nuovo
Taschenbuch
Da: AHA-BUCH GmbH, Einbeck, Germania
Valutazione del venditore 5 su 5 stelle
Taschenbuch. Condizione: Neu. nach der Bestellung gedruckt Neuware - Printed after ordering - 'While the state-preference approach is perhaps more general than the mean variance approach and provides an elegant framework for investigating theo retical issues, it is unfortunately difficult to give it empirical content. ' I The state of the art in asset pricing has substantially changed over the past years. While the seminal CAPM represents an equilibrium model derived under rather restrictive assumptions on preferences or return distributions and places a lot of emphasis on the efficiency of a somehow arbitrary market portfolio, subsequent models were much less restrictive with respect to the underlying economic struc ture. For example, the arbitrage pricing theory maintains the linear relationship between risk and return simply by assuming the absence of arbitrage profits. While empirically more tractable than the CAPM, the main drawback of arbitrage pricing models is that they do not provide much insight into the economic and dynamic nature of risk premia. The 'conditional' CAPM provides an elegant econometric framework to characterize how changing economic conditions de termine the variability of multiple risk premia. However, this framework still re quires some rather ad-hoc assumptions about the economic nature of the pricing kernel. An ingenious next step in asset pricing modeling was therefore to revert the question to be addressed. Instead of placing strong restrictions on distribu tions and preferences, observed returns are used to derive restrictions which must be imposed on the stochastic properties of the pricing kernel. A simple Euler-type equation is typically used to characterize that approach.; Stock investments have become increasingly international, but only recently a deeper theoretical understanding of the forces influencing global stock market returns has been gained from empirical studies. This is a crucial issue for asset managers in order to control the risks and exposures of global stock portfolios successfully. Wolfgang Drobetz provides empirical evidence on the time variation of expected stock returns over the stages of the business cycle: If the time variation in expected returns is rational, driven by shocks to taste or technology, the variation in expected returns should be related to variation in consumption, investment and savings. Testing both stochastic discount factor models and beta pricing models, the author finds that predictability of stock returns is perfectly consistent with the concept of market efficiency and stock prices need not follow a random walk. Codice articolo 9783824472727
Compra nuovo
EUR 53,49
Spedizione EUR 62,58
Spedito da Germania a U.S.A.
Spedito da Germania a U.S.A.
Quantità: 1 disponibili
Immagini fornite dal venditore
Global Stock Markets
ISBN 10: 3824472724
ISBN 13: 9783824472727
Nuovo
Taschenbuch
Da: BuchWeltWeit Ludwig Meier e.K., Bergisch Gladbach, Germania
Valutazione del venditore 5 su 5 stelle
Taschenbuch. Condizione: Neu. This item is printed on demand - it takes 3-4 days longer - Neuware -Stock investments have become increasingly international, but only recently a deeper theoretical understanding of the forces influencing global stock market returns has been gained from empirical studies. This is a crucial issue for asset managers in order to control the risks and exposures of global stock portfolios successfully. Wolfgang Drobetz provides empirical evidence on the time variation of expected stock returns over the stages of the business cycle: If the time variation in expected returns is rational, driven by shocks to taste or technology, the variation in expected returns should be related to variation in consumption, investment and savings. Testing both stochastic discount factor models and beta pricing models, the author finds that predictability of stock returns is perfectly consistent with the concept of market efficiency and stock prices need not follow a random walk. 356 pp. Englisch. Codice articolo 9783824472727
Compra nuovo
EUR 53,49
Spedizione EUR 23,00
Spedito da Germania a U.S.A.
Spedito da Germania a U.S.A.
Quantità: 2 disponibili
Foto dell'editore
Global Stock Markets : Expected returns, consumption, and the business cycle
Editore:
Deutscher Universitatsverlag 2000-10, 2000
ISBN 10: 3824472724
ISBN 13: 9783824472727
Nuovo
PF
Da: Chiron Media, Wallingford, Regno Unito
Valutazione del venditore 5 su 5 stelle
PF. Condizione: New. Codice articolo 6666-IUK-9783824472727
Compra nuovo
EUR 56,46
Spedizione EUR 17,79
Spedito da Regno Unito a U.S.A.
Spedito da Regno Unito a U.S.A.
Quantità: 10 disponibili
Foto dell'editore
Global Stock Markets: Expected returns, consumption, and the business cycle
Editore:
Deutscher Universitätsverlag, 2000
ISBN 10: 3824472724
ISBN 13: 9783824472727
Nuovo
Brossura
Da: Ria Christie Collections, Uxbridge, Regno Unito
Valutazione del venditore 5 su 5 stelle
Condizione: New. In. Codice articolo ria9783824472727_new
Compra nuovo
EUR 59,65
Spedizione EUR 13,76
Spedito da Regno Unito a U.S.A.
Spedito da Regno Unito a U.S.A.
Quantità: Più di 20 disponibili
Foto dell'editore
Global Stock Markets
Editore:
Deutscher Universitats-Verlag, 2000
ISBN 10: 3824472724
ISBN 13: 9783824472727
Nuovo
Brossura
Da: Kennys Bookshop and Art Galleries Ltd., Galway, GY, Irlanda
Valutazione del venditore 5 su 5 stelle
Condizione: New. Num Pages: 332 pages, 26 black & white tables, biography. BIC Classification: KJS; KJSM. Category: (G) General (US: Trade). Dimension: 229 x 152 x 19. Weight in Grams: 521. . 2000. Paperback. . . . . Codice articolo V9783824472727
Compra nuovo
EUR 68,05
Spedizione EUR 10,50
Spedito da Irlanda a U.S.A.
Spedito da Irlanda a U.S.A.
Quantità: 15 disponibili
Foto dell'editore
Global Stock Markets: Expected returns, consumption, and the business cycle
Da: Revaluation Books, Exeter, Regno Unito
Valutazione del venditore 5 su 5 stelle
Paperback. Condizione: Brand New. 2000 edition. 356 pages. 9.00x6.00x0.74 inches. In Stock. Codice articolo x-3824472724
Compra nuovo
EUR 78,17
Spedizione EUR 14,36
Spedito da Regno Unito a U.S.A.
Spedito da Regno Unito a U.S.A.
Quantità: 2 disponibili
Foto dell'editore
Global Stock Markets
Da: Books Puddle, New York, NY, U.S.A.
Valutazione del venditore 4 su 5 stelle
Condizione: New. pp. 356. Codice articolo 2697335602
Compra nuovo
EUR 80,66
Spedizione EUR 3,40
Spedito in U.S.A.
Spedito in U.S.A.
Quantità: 4 disponibili