Christian Funke aims at developing a better understanding of a central asset pricing issue: the stock price discovery process in capital markets. Using U.S. capital market data, he investigates the importance of mergers and acquisitions (MaA) for stock prices and examines economic links between customer and supplier firms. The empirical investigations document return predictability and show that capital markets are not perfectly efficient.Essay. 3: Research. Question. and. Main. Findings. The third essay entitled a Predictability of Supplier Returns After Large Customer Price Changesa investigates return predictability across stocks, specifically from customers to their suppliersanbsp;...
|Title||:||Selected Essays in Empirical Asset Pricing|
|Publisher||:||Springer Science & Business Media - 2008-09-15|