ASSET RETURNS, DISCOUNT RATE CHANGES, AND MARKET-EFFICIENCY

被引：58

作者：

SMIRLOCK, M ^{[1
]}

YAWITZ, J ^{[1
]}

机构：

[1] WASHINGTON UNIV,FINANCE,ST LOUIS,MO 63130

来源：

JOURNAL OF FINANCE | 1985年 / 40卷 / 04期

关键词：

D O I：

10.2307/2328399

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

引用

页码：1141 / 1158

页数：18

共 17 条

[1]

BAKER H, 1980, J EC BUSINESS, V32, P43

[2]

BROWN KH, 1981, Q J ECON, V95, P551

[3]

COPELAND T, 1979, FINANCIAL THEORY COR

[4] SEVERAL TESTS FOR MODEL-SPECIFICATION IN THE PRESENCE OF ALTERNATIVE HYPOTHESES [J].

DAVIDSON, R ;

MACKINNON, JG .

ECONOMETRICA, 1981, 49 (03) :781-793

[5] EFFICIENT CAPITAL MARKETS - REVIEW OF THEORY AND EMPIRICAL WORK [J].

FAMA, EF .

JOURNAL OF FINANCE, 1970, 25 (02) :383-423

[6] DETERMINANTS OF FEDERAL-RESERVE DISCOUNT RATE POLICY [J].

FROYEN, RT .

SOUTHERN ECONOMIC JOURNAL, 1975, 42 (02) :193-200

[7] DISCOUNT RATE CHANGES AND ANNOUNCEMENT EFFECTS [J].

LOMBRA, RE ;

TORTO, RG .

QUARTERLY JOURNAL OF ECONOMICS, 1977, 91 (01) :171-176

[8] THE REACTION OF STOCK-PRICES TO UNANTICIPATED CHANGES IN MONEY - A NOTE [J].

PEARCE, DK ;

ROLEY, VV .

JOURNAL OF FINANCE, 1983, 38 (04) :1323-1333

[9] STOCK-PRICES AND ECONOMIC-NEWS [J].

PEARCE, DK ;

ROLEY, VV .

JOURNAL OF BUSINESS, 1985, 58 (01) :49-67

[10]

Roley V. V., 1984, FEDERAL RESERVE JAN, P27

← 1 2 →