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2004 (4)

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Microfoundations of financial economics : an introduction to general equilibrium asset pricing
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ISBN: 0691113157 9780691113159 Year: 2004 Publisher: Princeton: Princeton university press,

Irrational exuberance reconsidered : the cross section of stock returns
Author:
ISBN: 3540140077 3642057268 3540247653 Year: 2004 Publisher: Berlin ; New York : Springer,

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Abstract

Does the stock market overreact? Recent capital market turbulences have cast doubt whether the behaviour of stock markets is in line with rational investor behaviour. This monograph presents a framework to evaluate whether the stock market is in line with underlying fundamentals. This new and revised edition offers an up to date introduction to the controversy between rational asset pricing and behavioural finance. Empirical evidence of stock market overreaction are investigated within the paradigms of rational asset pricing and behavioural finance. Although this monograph will not promise the reader to become a millionaire, it offers a road to obtain a deeper understanding of the forces which drive stock returns. It should be of interest to anyone interested in what drives performance in the stock market.

Keywords

Capital assets pricing model. --- Rate of return. --- Investment analysis. --- Modèle de fixation du prix des actifs --- Taux de rendement --- Analyse financière --- AA / International- internationaal --- 333.613 --- 305.91 --- 333.645 --- Activiteiten van de nationale en internationale markten. Beursnoteringen van aandelen en obligaties. --- Econometrie van de financiële activa. Portfolio allocation en management. CAPM. Bubbles. --- Speculatie op de beurs. --- Modèle de fixation du prix des actifs --- Analyse financière --- Capital assets pricing model --- Investment analysis --- Rate of return --- Investment return --- Investment yield --- Return on equity --- Return on investment --- ROI (Rate of return) --- Capital investments --- Profit --- Ratio analysis --- Risk-return relationships --- Analysis of investments --- Analysis of securities --- Security analysis --- Capital asset pricing model --- CAPM (Capital assets pricing model) --- Pricing model, Capital assets --- Capital --- Finance --- Investments --- Econometrie van de financiële activa. Portfolio allocation en management. CAPM. Bubbles --- Activiteiten van de nationale en internationale markten. Beursnoteringen van aandelen en obligaties --- Speculatie op de beurs --- Mathematical models --- Finance. --- Economics, Mathematical . --- Macroeconomics. --- Finance, general. --- Quantitative Finance. --- Macroeconomics/Monetary Economics//Financial Economics. --- Economics --- Mathematical economics --- Econometrics --- Mathematics --- Funding --- Funds --- Currency question --- Methodology

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