This paper aims to implement a portfolio optimization strategy considering two fundamental aspects: the empirical regularities observed in the time series of stock returns, and the views of portfolio managers about these regularities. From an analytical point of view, all the results are...

This study aims to verify whether there are any macroeconomic variables that have significant power in predicting the dynamics of financial markets. In particular, we want to identify an econometric model that can guide the strategies of operators in building their investment portfolios. The...

Almost all studies on research and development (R&D) activity are based on US and British companies, and most of them show that this activity positively influences both stock returns and corporate value. This empirical study evaluates the effects of R&D on stock returns for a sample of listed...

Almost all studies on research and development (R&D) activity are based on US and British companies, and most of them show that this activity positively influences both stock returns and corporate value. This empirical study evaluates the effects of R&D on stock returns for a sample of listed...

The purpose of this paper is to provide additional research on the market valuation of R%D in Europe, and also to shed light on some firm and country characteristics which sensibly modulate the effect of R%D on firms' value. The analysis is performed using a panel regression approach with fixed...

Almost all studies on research and development (R&D) activity are based on US and British companies, and most of them show that this activity positively influences both stock returns and corporate value. This empirical study evaluates the effects of R&D on stock returns for a sample of listed...