Three Essays on Empirical Asset Pricing in International Equity Markets
Author(s)
Müller, Birgit Charlotte
Language
GermanAbstract
In this Open-Access-book three essays on empirical asset pricing in international equity markets are presented. Despite being of fundamental economic and scientific importance, international financial markets have remained considerably underresearched until today. In the first essay, the role of firm-specific characteristics is analyzed for the momentum effect to exist in international equity markets. The second essay investigates the validity, persistence, and robustness of the newly discovered capital share growth factor across international equity markets as proposed by Lettau et al. (2019) for the U.S. market. Lastly, the third and final essay studies stock market reactions of European vendor banks to distressed loan sale announcements.
Keywords
international stock markets; empirical asset pricing; market efficiency; behavioral finance; real estate finance; Open AccessDOI
10.1007/978-3-658-35479-4ISBN
9783658354794, 9783658354794Publisher
Springer NaturePublisher website
https://www.springernature.com/gp/products/booksPublication date and place
2021Imprint
Springer GablerSeries
Gabler Theses,Classification
Finance and the finance industry