Studies of firm efficiency on stock returns
Contribuinte(s) |
Fang, Victor Azad, Sohel Ang, Tze Chuan |
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Data(s) |
01/11/2014
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Resumo |
The thesis provides strong evidence for a negative relationship between firm efficiency and average stock returns in the Australian market. Moreover, the findings indicate that the return anomalies are more likely due to mispricing in which arbitrage costs play an important role in explaining the efficiency effect. |
Identificador | |
Idioma(s) |
eng |
Publicador |
Deakin University, Faculty of Business and Law, Department of Finance |
Relação |
http://dro.deakin.edu.au/eserv/DU:30074361/pham-agreement-2015.pdf http://dro.deakin.edu.au/eserv/DU:30074361/pham-studiesof-2015A.pdf |
Direitos |
The Author. All Rights Reserved |
Palavras-Chave | #firm efficiency #average stock returns #Australian stock market #industry concentration #arbitrage costs |
Tipo |
Thesis |