{"product_id":"security-market-imperfections-in-worldwide-equity-markets-hardback-9780521571388","title":"Security Market Imperfections in Worldwide Equity Markets (Hardback) 9780521571388","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eSecurity Market Imperfections in Worldwide Equity Markets\u003c\/font\u003e\u003cbr\u003e\r\n\r\n\r\n\u003c\/p\u003e\n\u003cp\u003e\u003cem\u003eComprehensive account of financial engineering, investment\/portfolio management, and reference for investment professionals seeking an up-to-date source on return predictability.\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eDonald B. Keim (Edited by), William T. Ziemba (Edited by)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9780521571388, Cambridge University Press\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eHardback, published 13 March 2000\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e560 pages, 125 b\/w illus.  79 tables\u003cbr\u003e23.6 x 16 x 3.9 cm, 1.01 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cem\u003e\u003cfont size=\"3\"\u003e\"Security Market Imperfections in World Wide Equity Markets encompasses the full range of controversy published in scholarly journals over almost 20 years.\"   Financial Analysts Journal\u003c\/font\u003e\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003eThe study of security market imperfections, namely the predictability of equity stock returns, is one of the fundamental research areas in financial modelling. These anomalies, which are not consistent with existing theories, concern the relation between stock returns and variables, such as firm size and earnings-to-price ratios, and seasonal effects, such as January and turn-of-the-month. This book provides the most complete and current account of work in the area. Leading academics and investment researchers have combined to produce a comprehensive coverage of the subject, including both cross-sectional and time series analyses, as well as discussing the measurement of risk and prediction models that have been used by institutional investors. The studies cover many worldwide markets including the US, Japan, Asia, and Europe. The book will be invaluable for courses in financial engineering, investment and portfolio management, and as a reference for investment professionals seeking an up-to-date source on return predictability.\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eContributors\u003cbr\u003e Preface William T. Ziemba\u003cbr\u003e 1. Security market imperfections: an overview Donald B. Keim and William T. Ziemba\u003cbr\u003e Part I. An Overview of Cross-Sectional Patterns in Stock Returns: 2. The cross-section of common stock returns: a review of the evidence and some new findings Gabriel Hawawini and Donald B. Keim\u003cbr\u003e 3. Beta and book to market: is the glass half full or half empty? S. P. Kothari and Jay Shanken\u003cbr\u003e 4. The psychology of over-reaction and under-reaction in world equity markets Werner F. M. DeBondt\u003cbr\u003e 5. A view of the current status of the size anomaly Jonathan B. Berk\u003cbr\u003e 6. The demise of size Elroy Dimson and Paul Marsh\u003cbr\u003e 7. Direct evidence of non-trading of NYSE and AMEX stocks Stephen R. Foerster and Donald B. Keim\u003cbr\u003e Part II. Seasonal Patterns in Stock Returns and Other Puzzles: 8. Is there still a January effect? Donald G. Booth and Donald B. Keim\u003cbr\u003e 9. Anticipation in the January effect in the US futures markets Chris R. Hensel and William T. Ziemba\u003cbr\u003e 10. How does Clinton stand up to history? US investment returns and presidential party affiliations Chris R. Hensel and William T. Ziemba\u003cbr\u003e 11. A long term examination of the turn-of-the-month effect in the S\u0026amp;P500 Chris R. Hensel, Gordon A. Sick and William T. Ziemba\u003cbr\u003e 12. The closed-end fund puzzle Carolina Minio-Paluello\u003cbr\u003e 13. Stock splits and ex-date returns for Nasdaq stocks: the effects of investor trading and bid-ask spreads Mark Grinblatt and Donald B. Keim\u003cbr\u003e Part III. International Evidence: 14. Canadian security market anomalies George Athanassakos and Stephen Foerster\u003cbr\u003e 15. Seasonal anomalies in the Italian stock market, 1973–1993 Elio Canestrelli and William T. Ziemba\u003cbr\u003e 16. Efficiency and anomalies in the Turkish stock market Gulnur Muradoglu\u003cbr\u003e 17. Efficiency and anomalies in the Finnish stock market Teppo Martikainen\u003cbr\u003e 18. Characteristics-based premia in emerging markets: sector-neutrality, cycles, and cross-market correlations Sandeep A. Patel\u003cbr\u003e 19. Anomalies in Asian emerging stock markets Seng-Kee Koh and Kie Ann Wong\u003cbr\u003e 20. Japanese security market regularities, 1990–1994 Luis R. Comolli and William T. Ziemba\u003cbr\u003e 21. Predicting returns on the Tokyo Stock Exchange Sandra L. Schwartz and William T. Ziemba\u003cbr\u003e 22. High stock returns before holidays: international evidence and additional tests Alonso Cervera and Donald B. Keim.\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Probability \u0026amp; statistics [\u003ca title=\"See our other books on Probability \u0026amp; statistics\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Probability%20\u0026amp;%20statistics%20%5BPBT%5D%22\"\u003ePBT\u003c\/a\u003e], Finance [\u003ca title=\"See our other books on Finance\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Finance%20%5BKFF%5D%22\"\u003eKFF\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Cambridge University Press","offers":[{"title":"Default Title","offer_id":46066000757016,"sku":"9780521571388","price":125.39,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/products\/9780521571388i.jpg?v=1691408690","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/security-market-imperfections-in-worldwide-equity-markets-hardback-9780521571388","provider":"Freshly Printed Books","version":"1.0","type":"link"}