Investing in European stock markets for high-technology firms

Global Finance Journal - Tập 18 - Trang 400-415 - 2008
Christian Pierdzioch1, Andrea Schertler2
1Saarland University, Department of Economics, P.O. Box 15 11 50, 66041 Saarbruecken, Germany
2University of Kiel, Department of Business, Olshausenstrasse 40, D-24098 Kiel, Germany

Tài liệu tham khảo

Akaike, 1973, Information theory and an extension of the maximum likelihood principle Beck, 2002, Industry growth and capital allocation: Does having a market-or bank-based system matter? Bekaert, 1995, Time-varying world market integration, Journal of Finance, 50, 403, 10.2307/2329414 Bourse de Paris (various issues). Introduction Nouveau Marché. Bossaerts, 1999, Implementing statistical criteria to select return forecasting models: What do we learn?, Review of Financial Studies, 12, 405, 10.1093/rfs/12.2.405 Breen, 1990, Economic significance of predictable variations in stock returns, Journal of Finance, 45, 1177 Campbell, 1987, Stock returns and the term structure, Journal of Financial Economics, 18, 373, 10.1016/0304-405X(87)90045-6 Chen, 1991, Financial investment opportunities and the macroeconomy, Journal of Finance, 46, 529, 10.2307/2328835 Chen, 1986, Economic forces and the stock market, Journal of Business, 59, 83, 10.1086/296344 Chinn, 2004, A decomposition of global linkages in financial markets over time, The Review of Economics and Statistics, 86, 705, 10.1162/0034653041811743 Cooper, 2005, On the predictability of stock returns in real time, Journal of Business, 78, 111, 10.1086/427635 Deutsche Börse (various issues). Factbook various years. http://deutsche-boerse.com/dbag/dispatch/de/notescontent/gdb_navigation/info_center/20_Statistics/10_Spot_Market/INTEGRATE/statistic?notesDoc=Factbook+Kassamarkt Ehrmann, 2005, Stocks, bonds, money markets, and exchange rates: Measuring international financial transmission Fong, 2005, Chasing trends: Recursive moving average trading rules and internet stocks, Journal of Empirical Finance, 12, 43, 10.1016/j.jempfin.2003.07.002 Forbes, 2002, No contagion, only interdependence: Measuring stock market co-movements, Journal of Finance, 57, 2223, 10.1111/0022-1082.00494 Goyal, 2003, Predicting the equity premium with dividend ratios, Management Science, 49, 639, 10.1287/mnsc.49.5.639.15149 Hon, 2007, Deconstructing the Nasdaq bubble: A look at contagion across international stock markets, Journal of International Financial Markets, Institutions and Money, 17, 213, 10.1016/j.intfin.2005.08.005 London Stock Exchange (various issues). AIM market statistics. http://www.londonstockexchange.com/en-gb/pricesnews/statistics/factsheets/aim-marketstats.htm Longin, 1995, Is the correlation in international equity returns constant: 1960–1990, Journal of International Money and Finance, 14, 3, 10.1016/0261-5606(94)00001-H Pesaran, 1992, A simple nonparametric test of predictive performance, Journal of Business and Economic Statistics, 10, 461, 10.2307/1391822 Pesaran, 1995, The robustness and economic significance of predictability of stock returns, Journal of Finance, 50, 1201, 10.2307/2329349 Pesaran, 2000, A recursive modelling approach to predicting UK stock returns, The Economic Journal, 110, 159, 10.1111/1468-0297.00495 Rapach, 2005, Macro variables and international stock return predictability, International Journal of Forecasting, 21, 137, 10.1016/j.ijforecast.2004.05.004 Schwarz, 1978, Estimating the dimension of a model, Annals of Statistics, 6, 461, 10.1214/aos/1176344136 Sharpe, 1966, Mutual fund performance, Journal of Business, 39, 119, 10.1086/294846