Researchers, graduate students, and practitioners in the financial market now have the first reference-style handbook detailing the mechanics of statistical testing on financial and accounting data. This one-of-a-kind book illustrates how to use SAS software to conduct basic empirical analyses of stock market and financial statement data. It covers various research topics, including investigating the predictability of stock returns, estimating the risk of common stock, and analyzing the impact of earnings and other financial statement information. The use of the SAS language to investigate these issues is demonstrated with numerous real-world examples employing traditional to state-of-the-art analytical estimation techniques. Main topics covered are variance ratio testing, capital asset pricing model, event studies, value versus growth, earnings response coefficients, and microstructure analysis. Readers will find the merging of theoretical and practical concepts unique and informative. The format of this book enables users to go directly to the research tools and techniques required by the task at hand. In addition, a line-by-line discussion of all SAS code is provided, enabling users to interpret all variables and syntax easily.
About the Author
Ekkehart Boehmer is a Director of Research at the New York Stock Exchange. Previously, he has held a Heisenberg Research Fellowship awarded by the German Science Foundation (DFG). He has also worked as an Economic Fellow at the U.S. Securities and Exchange Commisssion and as an Assistant Professor at Humboldt University, Berlin, Germany, and Louisiana State University. Dr. Boehmer received a Ph.D. in Finance and an M.A. in Economics from the University of Georgia.
John Paul Broussard
John Paul Broussard is an Assistant Finance Professor at Rutgers University where he teaches courses in investments and corporate finance. Dr. Broussard's academic research in international investments and extreme value statistical properties of asset prices has been published in Management Science, the Journal of Financial Services Research, the Quarterly Review of Economics and Finance, the European Journal of Operational Research, and other Millsaps College. Dr. Broussard has won various teaching awards in his career and has taught CFA study review courses since 1999 in Europe and the United States.
Juha-Pekka Kallunki is a Professor of Financial Accounting in the Department of Accounting and Finance at the University of Oulu, Finland. In 1996, he received a Ph.D. (Econ) in accounting and finance from the University of Vaasa, Finland.
Encyclopedia of Neuroscience Unique in its breadth and detail, this encyclopedia offers a comprehensive and highly readable guide to a complex and fast-expanding field.
The five-volume reference work gathers more than 10,000 entries, including in-depth essays by internationally known experts, and short keynotes explaining essential terms and phrases. In addition, expert...
Tapestry 5: Building Web Applications This book is a practical step-by-step tutorial for those who want to build contemporary, real-life web applications with Tapestry 5, the Apache open-source framework for creating dynamic, robust, highly scalable web applications in Java. It shows the path of least resistance, so that the reader can learn all the essential skills quickly and easily.... Introduction to Grid Computing A thorough overview of the next generation in computing, this concise guide explores state-of-the-art grid projects, core grid technologies, and applications of the grid. It covers virtual organizations, scheduling algorithms, fault tolerance strategies, grid workflow management systems, and security technologies. The authors present several grid...
Economics for the Rest of Us: Debunking the Science that Makes Life Dismal
Why do contemporary economists consider food subsidies in starving countries, rent control in rich cities, and health insurance everywhere "inefficient"? Why do they feel that corporate executives deserve no less than their multimillion-dollar "compensation" packages and workers no more than their meager wages? Here is a...
Introduction to Chemical Engineering Kinetics & Reactor Design One feature that distinguishes the education of the chemical engineer from that of other engineers is an exposure to the basic concepts of chemical reaction kinetics and chemical reactor design. This textbook provides a judicious introductory level overview of these subjects. Emphasis is placed on the aspects of chemical kinetics and material and...