Stock market returns research papers

Forecasting stock returns: What signals matter, and what do they say

Research of the Causalities US Stock Market Returns and G-7

thus decided to tackle the causality issue by measuring performance using long-run stock returns.: stock returns, geomagnetic storms, seasonal affective disorders, misattribution of mood, behavioral finance. the scope of this paper, causalities of the US stock market returns and volatilities on stock market volatilities in Group of 7 (G-7) economies between 2Playing the field: geomagnetic storms and the stock market.

The “CAPS” Prediction System and Stock Market Returns

% per year in long-run stock returns – 89% to 184% cumulative – even after controlling for other factors that drive returns. however, stock market volatilities in g-7 countries’ economies do not cause the us stock market returns in analysis period. unusually high levels of geomagnetic activity have a negative, statistically and economically significant effect on the following week’s stock returns for all u.

Playing the Field: Geomagnetic Storms and the Stock Market

this paper contributes to the existing literature by documenting the impact of geomagnetic storms on daily stock market returns. while the market is good at valuing tangible assets, such as profits and dividends, it is very slow at valuing intangibles such as employee satisfaction – perhaps because it wrongly thinks that employee-friendly companies are distracted from the bottom line and doesn’t view satisfaction as a desirable characteristic.” indeed, prior research found consistent support for the conventional view.

Research of the Causalities US Stock Market Returns and G-7

New Research Paper: Predicting Stock Market Returns Using the

finally, this paper provides evidence of substantially higher returns around the world during periods of quiet geomagnetic activity. years of stock market data shows a link between employee satisfaction and long-term value. if a characteristic is good for firm value, but the market recognizes that it’s good, then it should already be in the stock price – just like how investors shouldn’t automatically invest in the market leader in an industry, since the stock price will already take this into account.

28 Years of Stock Market Data Shows a Link Between Employee

mckenna college robert day school of economics & finance research paper series. a large body of psychological research has shown that geomagnetic storms have a profound effect on people’s moods, and, in turn, people’s moods have been found to be related to human behavior, judgments and decisions about risk. separately, studying long-run stock returns addresses any issue with the stock market being myopic, i.

All That Glitters: The Effect of Attention and News on the Buying

as a result, even a traditional investor who targets purely financial returns may wish to pay attention to csr characteristics. back to managers, the market’s slow reaction to employee satisfaction implies a double-edged sword. in our study, we found that the us stock market returns causes stock market volatilities in g-7 countries in the 2000-2013 period.

The “CAPS” Prediction System and Stock Market Returns

Fama–French three-factor model - Wikipedia

however, i find that it takes the market four to five years before it fully incorporates this information. of the causalities us stock market returns and g-7 countries’ stock market volatilities from pre-crisis to post-crisis of 2008. the authors find strong empirical support in favor of a geomagnetic-storm effect in stock returns after controlling for market seasonals and other environmental and behavioral factors.

The Stock Market Valuation of Research and Development

the scope of this paper, causalities of the us stock market returns and volatilities on stock market volatilities in group of 7 (g-7) economies between 2000-2013 have been analysed with granger causality tests. all volatilities are obtained from conditional variance of returns in stock exchange with garch (1,1) model (except japan stock exchange volatility). after controlling for momentum, stock returns aren’t persistent; for example, if high stock returns in 2014 lead to high satisfaction at the start of 2015, these high stock returns don’t necessarily persist in 2015 – a stock that has done well in 2014 should be equally likely to outperform as underperform in 2015.

Earnings Surprises, Growth Expectations, and Stock Returns:

erdem kayral the scientific and technological research council of turkey (tubitak)semra karacaer hacettepe university. while investing in employee satisfaction does pay off, it takes the market a long time to recognize its benefits. a study in the prestigious american economic review found that announcements of pay increases reduce market valuations dollar-for-dollar, consistent with the zero-sum view that a dollar paid to workers as a dollar taken away from shareholders.

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