Essays on financial markets

0464867 - NHU-C 2017 RIV CZ eng D - Dizertace
Brushko, Iuliia
Essays on financial markets.
Prague: Charles University, CERGE, 2016. 160 s.
Grant CEP: GA MŠMT(CZ) SVV 265801/2012; GA ČR(CZ) GBP402/12/G097
Grant ostatní: UK(CZ) GAUK 341211
Institucionální podpora: PRVOUK-P23
Klíčová slova: analysts' underreaction * earnings per share * financial markets
Kód oboru RIV: AH - Ekonomie
http://www.cerge-ei.cz/dissertations/brushko-iuliia

This thesis studies financial markets and the information we can obtain from observing the actions of financial market participants. In the first chapter, I study how the combination of different accounting ratios, which are considered to be the financial signals of future performance, can affect the analysts’ and managers’ earnings forecast releases. In the second chapter, I examine whether trading activity responds to the industry-related earnings announcement and whether this activity is informative. In the third chapter (with Yuko Hashimoto), we study whether the EU member countries act as a single investor due to the stronger financial integration over recent years.
Trvalý link: http://hdl.handle.net/11104/0263622