search query: @author Pierdzioch, C. / total: 5
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| Author: | Pierdzioch, C. Schertler, A. |
| Title: | Sources of predictability of European stock markets for high-technology firms |
| Journal: | European Journal of Finance
2007 : JAN/FEB, VOL. 13:1-2, p. 1-27 |
| Index terms: | stock markets high technology companies France Germany United Kingdom |
| Freeterms: | return predictability |
| Language: | eng |
| Abstract: | The paper explores studies of return predictability (hereafter as: ret-pred.) of stock indexes of blue-chip firms and high-technology firms in France, Germany, the U.K. during the second half of the 1990s. Ret-pred. was measured in terms of first-order auto-correlation coefficients. Evidence shows the ret-pred. of stock indexes of high-technology firms, but not of stock indexes of blue-chip firms. According to these findings, it is suggested that a candidate for explaining the economic sources of the ret-pred. of these stock indexes of high-technology firms is transaction costs etc. |
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