tailieunhanh - A Non-Random Walk Down Wall Street

A volume of collected works is almost always a bad sign for one's research trajectory, an indication of declining productivity as much as professional recognition. We hope to be the exception that proves this rule because neither of us is willing to concede that we have reached the apex of our careers . However, we do think that the papers collected in this volume form a coherent and exciting story, one that bears retelling now that we have the luxury of seeing the forest for the trees . | Copyrighted Material ANDREW w. vN A. CRAIG MACKINLAY Copyrighted Material A Non-Random Walk Down Wall Street Andrew w. Lo A. Craig MacKinlay Princeton University Press Princeton and Oxford Copyright 1999 by Princeton University Press Published by Princeton University Press 41 William Street Princeton New Jersey 08540 In the United Kingdom Princeton University Press 3 Market Place Woodstock Oxfordshire 0X20 1SY All Rights Reserved Fifth printing and first paperback printing 2002 Paperback ISBN 0-691-09256-7 The Library of Congress has cataloged the cloth edition of this book as follows Lo Andrew w. Andrew Wen-Chuan A non-random walk down Wall Street I Andrew w. Lo and A. Craig MacKinlay. p. cm. Includes bibliographical references and index. ISBN 0-691-05774-5 alk. paper 1. Stocks Prices Mathematical models. 2. Random walks Mathematics I. MacKinlay Archie Craig 1955- . II. Title. 1999 222 dc21 98-31390 British Library Cataloging-in-Publication Data is available This book was composed in ITC New Baskerville with LATEX by Archetype Publishing Inc. 15 Turtle Pointe Road Monticello IL 61856 Printed on acid-free paper. 00 Printed in the United States of America 10 9 8 7 6

• Tài chính doanh nghiệp
• Efficient Markets
• Practical Implications
• Current State
• Homoskedastic Increments
• Random Walk
• Variance Ratio Test
• Financial markets
• Lecture Financial markets
• Economics 252
• Excess volatility
• Efficient Markets Hypothesis
• Financial markets and institutions
• The financial system
• Interest rates change
• Financial markets efficient
• Term structure affect interest rates
• Lecture Money Banking and Finance
• Bài giảng Tiền tệ ngân hàng
• The stock market
• Rational expectations
• Portfolio diversification
• Supporting financial institutions
• Efficient portfolio frontier
• Efficient portfolio
• Efficient set
• HARA preferences
• Market Equilibrium
• Equilibrium Model
• Factor Models
• The economics of money
• Financial system
• Understanding interest rates
• The efficient market hypothesis
• Financial crises
• ASEAN stock markets
• Efficient market hypothesis
• Granger causality test
• Rolling window method
• Shannon entropy
• Lecture Money and Banking
• Bài giảng Tiền tệ và Ngân hàng
• Money and Banking
• Theory of efficient markets
• Stock markets’ role
• Financial intermediation
• Statistical and economic significance
• Calendar anomalies in Vietnam
• Dummy Variable Regression
• Vietnam’s stock market
• Essentials of investments
• Investment companies
• Efficient diversification
• Financial instruments
• Securities markets
• Investment analysis
• Portfolio management
• The investment setting
• The asset allocation decision
• Selecting investments
• Efficient capital markets
• Quality Analysis
• Computer Based
• On Line Assessment
• Ice Temperature
• Storage Technology
• Maillard Reaction
• Novel Polymorphisms
• Coronary Artery Disease
• Multifunctional Role
• Cardiovascular Disease
• Coronary Angiography
• Physical and Technical Aspects
• Stocks and their valuation
• Features of common stock
• Determining common stock values
• Peferred stock
• Ownership implies control
• Lecture Investments
• Portfolio theory
• Equilibrium in capital markets
• Investment environment
• Financial accounting theory
• Accounting under ideal conditions
• Financial reporting
• Efficient securities markets
• The value relevance
• The measurement approach
• Decision usefulness
• Corporate finance
• Principles of corporate finance
• Valuing bonds
• How corporations issue securities
• Payout policy
• Behavioral finance
• Behavioral challenges
• Capital budgeting
• The levered firm
• Cash management
• Special topics
• Capital structure
• Dividends and other payouts
• Raising capital
• Copeland's financial theory
• Corporate policy
• Ebook Copeland's financial theory
• Dividend policy