Leverage and inefficiencies in financial markets

Kenan Qiao

Research output: ThesisThesis fully internal (DIV)

548 Downloads (Pure)

Abstract

This thesis collects several research papers, addressing pertinent topics of asset pricing, market efficiencies and trading mechanisms. Questions that are investigated are: what is the role of financial leverage in the relation between systematic risk and stock returns? What is the impact of particular trading rules in Chinese stock markets on stock prices and volatility? Are oil and gas stocks priced efficiently after extreme oil price shocks? Do firms’ financial leverage ratios predict stock returns? In this thesis, the above questions are studied with theoretical analysis and empirical tests.
Original languageEnglish
QualificationDoctor of Philosophy
Awarding Institution
  • University of Groningen
Supervisors/Advisors
  • Bekker, Paulus, Supervisor
  • Dam, Lammertjan, Supervisor
Award date16-Mar-2020
Place of Publication[Groningen]
Publisher
Print ISBNs9789403424194
Electronic ISBNs9789403424187
DOIs
Publication statusPublished - 2020

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