Stock market reaction to German reunification
Article Abstract:
An asset pricing model is used to examine the time varying response of the stock market to news of the German reunification. Results showed that optimistic and pessimistic news about the German reunification impacted on the time varying volatility of the returns of the DAX, the Germany Fund and the Financial Times World Stock Index. The effect of the news on the World Stock Index also indicates that country-specific risk is valued in the global portfolio as well as demonstrates the importance of Germany in the international political and financial landscape.
Publication Name: Journal of Business Finance and Accounting
Subject: Business
ISSN: 0306-686X
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
Stock price reaction to daily limit moves: evidence from the Taiwan Stock Exchange
Article Abstract:
Investment activities of Taiwan Stock Exchange's listed companies are examined to test stock price's overreaction hypothesis, which claims that its pricing behavior follows daily limit moves. The research indicated that there are significant price reversals that are in accord with the limit moves for both up-limit and the down limit case. However, this movement is not attributed to the size effect as price reversals remained significant even if the size effect was adjusted.
Publication Name: Journal of Business Finance and Accounting
Subject: Business
ISSN: 0306-686X
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
Short-term abnormal returns of the contrarian strategy in the Japanese stock market
Article Abstract:
Short-term abnormal returns to contrarian investment techniques are examined as they are applied to stocks listed on the Tokyo Stock Exchange. The effects of firm size and return seasonality within this context are also examined. The results show that short-run contrarian strategies are effective even when firm size and systematic risk are considered and that the seasonality effect cannot account for the profitability of contrarian strategies.
Publication Name: Journal of Business Finance and Accounting
Subject: Business
ISSN: 0306-686X
Year: 1995
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Risk and return around bond rating changes: new evidence from the Spanish stock market. Signalling and the long run performance of Spanish initial public offerings (IPOs)
- Abstracts: Pioneering advantage and product-country image: evidence from an exploratory study in China. Market-based organizational learning-theoretical reflections and conceptual insights
- Abstracts: PCAOB inspections of smaller CPA firms: initial evidence from inspection reports. Auditing related party transactions: a literature overview and research synthesis
- Abstracts: Don't expect quick stock market reactions to insider actions. Apple Computer - AAPL
- Abstracts: Implications of superhero metaphors for the issue of banking powers. Three paradigms for the role of capitalization requirements in insured financial institutions