The concept of efficiency is central to finance. For many years, academics and economics
have studied the concept of efficiency applied to capital markets, efficient market hypothesis …

Research in experimental psychology suggests that, in violation of Bayes' rule, most people
tend to “overreact” to unexpected and dramatic news events. This study of market efficiency …

Questionnaire surveys of institutional and individual investors were undertaken to learn
about patterns of communications. It was found that direct interpersonal communications are …

Studies relating accounting and price data often use the COMPUSTAT or related PDE data
base as the source for the accounting data. This practice may introduce a look‐ahead bias …

Corporate valuation using multiples is one of the most popular corporate valuation
approaches. In this book, the different steps of this valuation approach such as the selection …

Are factor characteristics more informative when compared with the entire investment
universe or a relevant subset of peers? Motivated by a belief that the answer is dependent …

In this research, the individual and net effects of low price, low price/earnings (P/E) ratio, and
small size on the risk‐adjusted excess returns are investigated for the fourth quarter of 1975 …

We use Malaysian company panel data (1729 firms/years observations) to examine the
effects of beta, size, book-to-market value (BM) ratio, earnings-price (E/P) ratio, dividend …

This paper examines the relationship between stock returns and firm-specific ratios on the
Romanian stock market for the period 2002 to 2008. We investigate the explanatory power …

In this paper we propose a stochastic goal programming approach to generate a satisfying
portfolio for the United Arab Emirates (UAE) equity market. Under the assumption of non …