cam a22 4 4500 282755268 CHVBK 20201020195507.0 130818s2000 gw m 00 eng Catalogage: décrit l'ex. de thèse frbcuc/12.2000/0002 3-8244-7272-4 978-3-663-08529-4 eISBN (IDSSG)000225669 (IDSBB)002212519 (SNL)991009750169703976 (NEBIS)004026414 (IDSLU)000203595 (RERO)R279491660 (VAUD)991020603659702852 (Sz)1265223-41snl_51 (Sz)vtls001265223 (Sz)001265223 (RNV)002794916-41bculausa_network (RERO)002794916 R279491660 (EXLNZ-41BCULAUSA_NETWORK)991000050569702851 SzZuIDS HSG ger kids HB71-74 s1se rero 330 23 332.64/2 23 QK 640 rvk CH0018681F8BEE8145A8CC125757C003D7546 iCapture Drobetz Wolfgang Expected returns, consumption, and the business cycle on global stock markets von Wolfgang Drobetz Global stock markets expected returns, consumption, and the business cycle Wiesbaden Deutscher Universitäts-Verlag 2000 332 S. Ill. 21 cm Buchhandelsausg.: Global stock markets Dissertation Universität St. Gallen 2000 2404 Literaturverz. Global stock markets Buchhandelsausg Stock investments have become increasingly international, but only recently a deeper theoretical understanding of the forces influencing global stock market returns has been gained from empirical studies. This is a crucial issue for asset managers in order to control the risks and exposures of global stock portfolios successfully. Wolfgang Drobetz provides empirical evidence on the time variation of expected stock returns over the stages of the business cycle: If the time variation in expected returns is rational, driven by shocks to taste or technology, the variation in expected returns should be related to variation in consumption, investment, and savings. Testing both stochastic discount factor models and beta pricing models, the author finds that predictability of stock returns is perfectly consistent with the concept of market efficiency, and stock prices need not follow a random walk. labcud TOA 43349 3 Aktienrendite idsbb Capital asset pricing model idsbb Aktienmarkt idsbb Aktienmarkt (DE-588)4130931-5 gnd Konjunkturzyklus (DE-588)4032134-4 gnd Konjunktur (DE-588)4032125-3 gnd Konsumquote (DE-588)4165120-0 gnd Capital-Asset-Pricing-Modell (DE-588)4121078-5 gnd Internationaler Aktienmarkt (DE-588)4257200-9 gnd Erwartung (DE-588)4015434-8 gnd Aktienrendite (DE-588)4126593-2 gnd Kapitalmarkttheorie (DE-588)4137411-3 gnd Internationaler Kapitalmarkt (DE-588)4027402-0 gnd Assets (Accounting) Prices Forecasting Business cycles Stock exchanges Stock price forecasting Hochschulschrift gnd-content u 8.41 Wertpapiere idssg H3 u 8.3 Börse idssg H3 u 3.231 Geldmarkt / Kapitalmarkt idssg H3 u 3.224 Konjunktur idssg H3 u Va200 Dissertation idssg HM u Aktienmarkt, B: internationaler: Capital-asset-pricing-Modell idslu L1 u Capital-asset-pricing-Modell, B: internationaler Aktienmarkt idslu L1 sb 2000/22 05.1 snl-sb u QK 622 idslu LR Zimmermann Heinz 1958- (DE-588)130896322 Akademischer Betreuer dgs Keel Alex 1941- (DE-588)136241700 Akademischer Betreuer dgs Buchhandelsausg. Global stock markets Online-Ausgabe (IDSSG)000873018 365916587 http://unisg.link/hm00021000 Inhaltsverzeichnis BK020300 XK020000 XK020000 1 Hochschulschrift = Thèse/Mémoire HSG Diss 2000 2404 PR 330 idssg HL zbzdis200010e meip zbzswk200010d idszbz Z2 vw SzZuIDS BS/BE M175 Z01 172 IDS LU SNL NB001 NB001 N 247863 NB10010 RERO RE01003 RE01003 RE010030001 UA 2000.185 VAUD bcud bcud TOA 43349 810010047 IDSSG HSG HSG ZIG * Diss HSG 2404 IDSLU LUZHB LUSBI SBIZB QK 622 2000 IDSBB A100 A100 100FM UBH Oz 48408 NELA1250108. g/300700 IDSSG HSG HSG EG QK 622 D783 IDSSG HSG HSG EG QK 622 D783 +2 IDSSG HSG HSG EG QK 622 D783 +3 IDSSG HIVW HIVW IVW ALLG : 12150 IDSSG HIWI HIWI IWI_N WB 5028 NEBIS Z01 Z01 05 UnS 2000: 1095 IDSSG 100 1- Drobetz Wolfgang IDSSG 700 1- Zimmermann Heinz 1958- (DE-588)130896322 Akademischer Betreuer dgs IDSSG 700 1- Keel Alex 1941- (DE-588)136241700 Akademischer Betreuer dgs IDSSG 775 -- Buchhandelsausg Global stock markets IDSSG 776 08 Online-Ausgabe (IDSSG)000873018 365916587 IDSSG 856 4- http://unisg.link/hm00021000 Inhaltsverzeichnis IDSBB 100 1- Drobetz Wolfgang SNL 100 1- Drobetz Wolfgang NEBIS 100 1- Drobetz Wolfgang IDSLU 100 1- Drobetz Wolfgang RERO 100 1- Drobetz Wolfgang (IDREF)12526819X cre VAUD 100 1- Drobetz Wolfgang aut SWISSBIB 046358544