Handbook Of Applied Investment Research

Handbook Of Applied Investment Research
ISBN-10
9811222649
ISBN-13
9789811222641
Category
Business & Economics
Pages
816
Language
English
Published
2020-10-02
Publisher
World Scientific
Authors
William T Ziemba, John B Guerard Jr

Description

This book introduces the readers to the rapidly growing literature and latest results on financial, fundamental and seasonal anomalies, stock selection modeling and portfolio management. Fifty years ago, finance professors taught the Efficient Markets Hypothesis which states that the average investor could not outperform the stock market based on technical, seasonal and fundamental data. Many, if not most faculty and investors, no longer share that opinion. In this book, the authors report original empirical evidence that applied investment research can produce statistically significant stock selection and excess portfolio returns in the US, and larger excess returns in international and emerging markets.

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