The academic literature has been reluctant to accept technical analysis as a rational strategy of traders in financial markets. In practice traders and analysts heavily use technical analysis to make investment decisions. To resolve this incongruence the aim of this study is to translate...

In recent years a substantial amount of literature in one way or another deals with liquidity. The interest in it grows beyond the walls of the academia, as the security exchanges recognize the importance of the concept and plan to adopt unique measures of liquidity and publish them in the...

This thesis aims to investigate the influence of earnings news on stock liquidity and the relationship between information asymmetry cost component and Post Earnings Announcement Drift in different equity markets. The scope of this research includes 1821 firms from three leading countries in...

The increase in the number of financial restatements in recent years has resulted in a significant decrease in the amount of market capitalization for restated companies. Prior literature does not differentiate between single and multiple restatements announcements. This research investigates...

Immer mehr Unternehmen intensivieren vor dem Hintergrund zunehmender Komplexität sowie technologischer und wettbewerblicher Dynamik ihre Lieferanten- und Kundenbeziehungen bis hin zu engen Partnerschaften. Sie sehen diese als Voraussetzung für dauerhaft wirkende Wettbewerbsvorteile an.// Mit...

Im traditionellen Lebensmittel-Supermarkt stellt die Verkaufsfläche neben dem Personal wohl den wichtigsten Leistungsfaktor dar. Dieser Faktor ist aber mit hohen fixen Kosten belastet. Ein Ziel von Lebensmitteleinzelhandelsunternehmen ist, den Ertrag auf der bestehenden Verkaufsfläche zu...

This dissertation examines the impact of a reduction in the minimum price increment on market quality and price impact in the 3 Year Commonwealth Treasury Bond Futures contract. Prior to the tick size reduction, the minimum tick was one basis point. However, as of December 15, 2006, the minimum...

This thesis contributes to the literature by providing new insights into the patterns and market implications of insider trading. The inferences presented here are based on the insider trading reports filed with the Polish Securities and Exchange Commission and the New Zealand Exchange. First,...

Allokationsverfahren zur Vergabe von Zutrittslizenzen an Marktneulinge differieren hinsichtlich mehrerer Aspekte. Einer davon ist die Veröffentlichung der vom Regulierer im Lizenzvergabeverfahren gesammelten Informationen. Der Autor untersucht den Einfluss der Informationsweitergabe auf die...