haku: @author Jordan, B. / yhteensä: 1
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| Tekijä: | Corrado, C. Jordan, B. |
| Otsikko: | Risk aversion, uncertain information, and market efficiency: reexamining the evidence |
| Lehti: | Review of Quantitative Finance and Accounting
1997 : JAN, VOL. 8:1, p. 51-68 |
| Asiasana: | ACCOUNTING RISK AVERSION MARKET EFFICIENCY |
| Kieli: | eng |
| Tiivistelmä: | The authors reexamine and extend tests of the uncertain information hypothesis (UIH) proposed by Brown, Harlow, and Tinic. They find that their empirical results are sensitive to the sampling procedure employed and that their particular methodology does not sufficiently distinguish between event and nonevent periods. When the sampling procedure is modified to identify only relatively large, isolated events, the test results generally do not support the UIH. |
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