Christian Funke, Prof. Dr. Lutz Johanning, "Selected Essays in Empirical Asset Pricing: Information Incorporation at the Single-Firm, Industry and Cross-Industry Level"
English | 2008 | ISBN: 3834911429 | PDF | pages: 122 | 0.5 mb
English | 2008 | ISBN: 3834911429 | PDF | pages: 122 | 0.5 mb
Christian Funke aims at developing a better understanding of a central asset pricing issue: the stock price discovery process in capital markets. Using U.S. capital market data, he investigates the importance of mergers and acquisitions (M&A) for stock prices and examines economic links between customer and supplier firms. The empirical investigations document return predictability and show that capital markets are not perfectly efficient.