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Stock Market Anomalies

The Latin American Evidence

  • Authors
  • Victor Silverio Posadas Hernandez

Table of contents

About this book

Introduction

Interest in the Latin American emerging markets (LAEM) has increased considerably in recent years. It is often claimed that they have to pay a price for being too different from developed markets, i.e. for having weak institutions, failed macroeconomic programs, political instability, poor corporate governance and high trading costs.

Victor Silverio Posadas Hernandez explores three sets of questions:

" What are the investment laws in the LAEM and how do they compare to those of developed countries?
" How heterogeneous are the implicit trading costs in the LAEM and which factors are responsible for the heterogeneity?
" How does the predictability of stock returns in the LAEM differ from those documented for developed markets?

Keywords

CAPM Country risk Investment laws Latin American stock markets Stock Markets Stock market Stock market anomalies Trading Trading infrastructure stock returns

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-8350-9103-0
  • Copyright Information Deutscher Universitäts-Verlag/GWV Fachverlage GmbH, Wiesbaden 2006
  • Publisher Name DUV
  • eBook Packages Business and Economics
  • Print ISBN 978-3-8350-0273-9
  • Online ISBN 978-3-8350-9103-0
  • Buy this book on publisher's site