Security Market Imperfections in Worldide Equity Markets [Hardcover]

Comprehensive account of financial engineering, investment/portfolio management, and reference for investment professionals seeking an up-to-date source on return predictability.Security market imperfections, which are not consistent with existing theories, concern the relationship between stock returns and variables and seasonal effects. This book provides the most complete and current account of work in the area, and is suitable for finance professionals, academic researchers and graduate students. Leading academics and investment researchers have produced 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. The studies cover worldwide markets including the US, Japan, Asia, and Europe.Security market imperfections, which are not consistent with existing theories, concern the relationship between stock returns and variables and seasonal effects. This book provides the most complete and current account of work in the area, and is suitable for finance professionals, academic researchers and graduate students. Leading academics and investment researchers have produced 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. The studies cover worldwide markets including the US, Japan, Asia, and Europe.The study of security market imperfections, namely, the predictability of equity stock returns, is one of the fundamental research areas in financial modeling. In this book leading academics and investment researchers provide a complete and current account of work in this area, including both cross-sectional and time series analyses, as well as measurement of risk and prediction models that have been used by institutional investors. The case studies cover many worldwide markets including the United States, Japan, Asia, and Europe. Invaluable for courl³‡