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Equity price behavior: some evidence from markets around the world

Author: Hawawini, Gabriel INSEAD Area: FinanceIn: Journal of Banking and Finance, vol. 18, no. 4, winter 1994 Language: EnglishDescription: p. 603-620.Type of document: INSEAD ArticleNote: Please ask the Library for this articleAbstract: The purpose of this introductory article is manifold: (1) it examines, in the next section, the reasons for the growing interest in empirical work on equity price behavior in markets outside the United States, and identifies the obstacles on the road to further work in this area; (2) it suggests, in section 3, a classification system for the various types of empirical studies on stock price behavior and uses that system to classify the eleven studies which follow this introduction; (3) it provides, in section 4, a brief overview of the various stock exchanges covered in the articles assembled in this issue; (4) it reviews, in section 5, the major conclusions reached in the papers which appear in this issue and, finally; (5) it concludes with a suggested agenda fo further research in this area
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The purpose of this introductory article is manifold: (1) it examines, in the next section, the reasons for the growing interest in empirical work on equity price behavior in markets outside the United States, and identifies the obstacles on the road to further work in this area; (2) it suggests, in section 3, a classification system for the various types of empirical studies on stock price behavior and uses that system to classify the eleven studies which follow this introduction; (3) it provides, in section 4, a brief overview of the various stock exchanges covered in the articles assembled in this issue; (4) it reviews, in section 5, the major conclusions reached in the papers which appear in this issue and, finally; (5) it concludes with a suggested agenda fo further research in this area

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