stock market

This thesis contributes to the discussion on the importance of accounting information for stock market efficiency. As any analysis of market efficiency depends on the use of adequate risk proxies, the thesis first investigates the ability of commonly used risk factors to explain the cross-sectional variation of Swedish stock returns. ...

Ever since the evolvement of modern macroeconomics, theories without foundation in the Keynesian view, such as Real Business Cycle (RBC) theories, have aimed for recognition.The purpose of this paper is to examine whether the Cross-Section Volatility model (CSV), a RBC-model developed by Laclair Brainard and David Cutler (1993) based on ...