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oapen-20.500.12657-507392021-10-06T02:44:41Z Three Essays on Empirical Asset Pricing in International Equity Markets Müller, Birgit Charlotte international stock markets empirical asset pricing market efficiency behavioral finance real estate finance Open Access bic Book Industry Communication::K Economics, finance, business & management::KF Finance & accounting::KFF Finance 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. 2021-10-05T14:07:11Z 2021-10-05T14:07:11Z 2021 book ONIX_20211005_9783658354794_27 9783658354794 https://library.oapen.org/handle/20.500.12657/50739 ger Gabler Theses application/pdf n/a 978-3-658-35479-4.pdf https://www.springer.com/9783030672454 Springer Nature Springer Gabler 10.1007/978-3-658-35479-4 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. 10.1007/978-3-658-35479-4 6c6992af-b843-4f46-859c-f6e9998e40d5 9783658354794 Springer Gabler 147 open access
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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.
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