Explicación del comportamiento anómalo de los mercados de valores

• Autores: Alicia Guerra Guerra
• Localización: Empresa y nueva economía: libro de resúmenes de trabajos presentados a las XI Jornadas Hispano Lusas de Gestión Científica / coord. por Carlos Ongallo Chanclón, 2001, ISBN 8488861107205, pág. 145
• Idioma: español
• Texto completo no disponible (Saber más ...)
• Resumen

  • The evidence of stock markets proves the existence of empirical anomalies, that is, the ability to predict the future stock return by the available Financial information. This piece of work, focused on the Book value/Market valué, Earnings/Price and Dividends/Price anomalies, proposes a justification different to those offered by other authors. This explanation is based on this following reasoning: the power to predict the stock future retourns showed by the EBO model, along with the association of intrinsic valué estimated by this model with the accounting item contained in the anomalous variables indicated, allows these anomalous variables to be able to predict the future returns.