Validity of the efficient market hypothesis in times of speculative investment bubbles & Strategy of a successful IPO.pdf

Validity of the efficient market hypothesis in times of speculative investment bubbles & Strategy of a successful IPO PDF

Johannes Walder

Research Paper (undergraduate) from the year 2012 in the subject Business economics - Investment and Finance, grade: 89%, University of Greenwich (Business), course: Finance, language: English, abstract: It can be assumed that the internet was one of the most influential inventions of the 20th century. The internet opened up completely new ways of communicating and executing businesses. It enabled shopping portals like Amazon or eBay to emerge and revolutionise the shopping experience of millions of customers worldwide. The new economy was a Symbol for seemingly endless possibilities and a market with no limits. However, all those new ways of doing business could not prevent one of the biggest stock market crashes in modern history caused by the dot.com bubble.
This essay examines if the dot.com bubble stands in contradiction to the efficient market hypothesis (EMH) and their underlying assumptions. It will be argued that in the short term the efficient market can be bypassed but it will regulate itself again in the long run.
The second part describes the strategy of a successful initial public offering (IPO) and analyses if the EMH has an impact on this endeavour. This paper will claim that the EMH influences the pricing of stocks and that a long term strategy is a key for a successful IPO.

Smith et al. (Econometrica 56(5):1119, 1988) reported large bubbles and crashes in experimental asset markets, a result that has been replicated many times. Here we test whether the occurrence of

9.81 MB DATEIGRÖSSE
9783656404859 ISBN
Englisch SPRACHE
Validity of the efficient market hypothesis in times of speculative investment bubbles & Strategy of a successful IPO.pdf

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tures but not to raise taxes or cut expenditures in good times. The school of ... French state as dirigiste 'gatekeeper' of strategic finance pulling the strings and inducing ... a particularly severe one, created by asset bubbles in one part of the interna- ... crisis actually vindicates the efficient markets hypothesis, by showing that. 14 Oct 2013 ... While prices of financial assets often seem to reflect fundamental ... 2 This presumes the absence of a bubble, i.e., that the present value of dividends goes to zero as time ... pricing model (the maintained hypothesis) might just as well be ... efficiency, where it is impossible to systematically beat the market ...

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Investments 4 Flashcards | Quizlet So, early evidence was that stock market is not strong form efficient In 1978, Prof. Michael Jensen wrote: "I believe there is no other proposition in economics which has more solid empirical evidence than the Efficient Markets Hypothesis." More recently, studies have turned up question marks

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Validity of the efficient market hypothesis in times of speculative investment bubbles & Strategy of a successful IPO - Johannes Walder - Studienarbeit - BWL - Investition und Finanzierung - Publizieren Sie Ihre Hausarbeiten, Referate, Essays, Bachelorarbeit oder Masterarbeit

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The efficient market hypothesis is one of the most important paradigms in modern ... the foundation of the investment strategies of many individuals and corporations. ... in times of speculative investment bubbles & Strategy of a successful IPO.