Validity of the efficient market hypothesis in times of speculative investment bubbles & Strategy of a successful IPO - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Validity of the efficient market hypothesis in times of speculative investment bubbles & Strategy of a successful IPO write by Johannes Walder. This book was released on 2013-04-10. Validity of the efficient market hypothesis in times of speculative investment bubbles & Strategy of a successful IPO available in PDF, EPUB and Kindle. Research Paper (undergraduate) from the year 2012 in the subject Business economics - Investment and Finance, grade: 89%, University of Greenwich (Business), course: Finance, language: English, abstract: It can be assumed that the internet was one of the most influential inventions of the 20th century. The internet opened up completely new ways of communicating and executing businesses. It enabled shopping portals like Amazon or eBay to emerge and revolutionise the shopping experience of millions of customers worldwide. The new economy was a Symbol for seemingly endless possibilities and a market with no limits. However, all those new ways of doing business could not prevent one of the biggest stock market crashes in modern history caused by the dot.com bubble. This essay examines if the dot.com bubble stands in contradiction to the efficient market hypothesis (EMH) and their underlying assumptions. It will be argued that in the short term the efficient market can be bypassed but it will regulate itself again in the long run. The second part describes the strategy of a successful initial public offering (IPO) and analyses if the EMH has an impact on this endeavour. This paper will claim that the EMH influences the pricing of stocks and that a long term strategy is a key for a successful IPO.
Bursting the Bubble: Rationality in a Seemingly Irrational Market
Bursting the Bubble: Rationality in a Seemingly Irrational Market - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Bursting the Bubble: Rationality in a Seemingly Irrational Market write by David F. DeRosa. This book was released on 2021-04-02. Bursting the Bubble: Rationality in a Seemingly Irrational Market available in PDF, EPUB and Kindle. The presence of speculative bubbles in capital markets (an important area of interest in financial history) is widely accepted across many circles. Talk of them is pervasive in the media and especially in the popular financial press. Bubbles are thought to be found primarily in the stock market, which is our main interest, although bubbles are said to occur in other markets. Bubbles go hand in hand with the notion that markets can be irrational. The academic community has a great interest in bubbles, and it has produced scholarly literature that is voluminous. For some economists, doing bubble research is like joining the vanguard of a Kuhnian paradigm shift in economic thinking. Not so fast. If bubbles did exist, they would pose a serious challenge to neoclassical finance. Bubbles would contradict the ideas that markets are rational or work in an informationally efficient manner. That’s what makes the topic of bubbles interesting. This book reviews and evaluates the academic literature as well as some popular investment books on the possible existence of speculative bubbles in the stock market. The main question is whether there is convincing empirical evidence that bubbles exist. A second question is whether the theoretical concepts that have been advanced for bubbles make them plausible. The reader will discover that I am skeptical that bubbles actually exist. But I do not think I or anyone else will ever be able to conclusively prove that there has never been a bubble. From studying the literature and from reading history, I find that many famous purported bubbles reflect inaccurate history or mistakes in analysis or simply cannot be shown to have existed. In other instances, bubbles might have existed. But in each of those cases, there are credible rational explanations. And good evidence exists for the idea that even if bubbles do exist, they are not of great importance to understanding the stock market.
The Efficient Market Hypothesis and its Validity in Today's Markets
The Efficient Market Hypothesis and its Validity in Today's Markets - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Efficient Market Hypothesis and its Validity in Today's Markets write by Stefan Palan. This book was released on 2004-12-21. The Efficient Market Hypothesis and its Validity in Today's Markets available in PDF, EPUB and Kindle. Thesis (M.A.) from the year 2004 in the subject Business economics - Investment and Finance, grade: 1 (A), University of Graz (Institute für Industrial Economics), language: English, abstract: This Master Thesis gives an overview of the research into the efficient market hypothesis from its first days in the 1950s to the present. The discussion of theoretical models and concepts is being complemented by a review of relevant empirical evidence from international capital markets. The thesis is completed by a brief outlook on newer research venues, including models employing behavioural finance approaches.
The Efficient Market Hypothesis and its Application to Stock Markets
The Efficient Market Hypothesis and its Application to Stock Markets - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Efficient Market Hypothesis and its Application to Stock Markets write by Sebastian Harder. This book was released on 2010-11-08. The Efficient Market Hypothesis and its Application to Stock Markets available in PDF, EPUB and Kindle. Research Paper (undergraduate) from the year 2008 in the subject Business economics - Investment and Finance, grade: 1.7, The FOM University of Applied Sciences, Hamburg, language: English, abstract: Especially after the 90ies, where the stock markets raised enormously, many private investors joined the stock market and were blended by abnormal profits and neglected possible losses. The same behavior could be observed before the Financial Crisis became reality. But each endless raising stock market would finally collapse, because stock prices are randomly and only driven by relevant news. The adjustment to the news is quickly. This is the theoretical argumentation of the Efficient Market Hypothesis (EMH), which will be evaluated in this paper. The author gives an overview about the EMH by explaining the basic principles and its mathematical formulation. The practical part evaluated the EMH on selected examples, where the theory could only be partly approved.
Stock Market Efficiency
Stock Market Efficiency - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Stock Market Efficiency write by Simon M. Keane. This book was released on 1983. Stock Market Efficiency available in PDF, EPUB and Kindle.
