Search

Your search keyword '"Spyrou, Spyros I."' showing total 47 results
Start Over Author "Spyrou, Spyros I."
47 results on '"Spyrou, Spyros I."'

7. On the functioning and the efficiency of the emerging equity markets

Author

Spyrou, Spyros I., Antoniou, A., and Garrett, I.

Subjects
332, Banking
Abstract

In the present thesis a series of theoretical and empirical issues relating to the functioning and the efficiency of the emerging equity markets is investigated. The sample covers ten markets; four from the Latin America and six from the Asia, Asia- Pacific, for the period between 1976 to 1994. In particular, I investigate various aspects of the behavior of equity prices in emerging markets, focusing on whether financial markets in the emerging economies are efficient [as in Fama (1970b)] or exhibit seasonal patterns; whether they move together over time and any subsequent implications this long-run comovement may have for international portfolio diversification; how volatility in these markets behaves and whether there are volatility spill overs from one market to another; whether financial liberalization has increased or decreased equity market volatility; what factors are important in determining equity returns in emerging economies. The main results that emerge from the analysis suggest that prices in the markets of the sample do not follow Random Walks and exhibit seasonal patterns, such as the well known Monday-effect. Furthermore, common long-run trends were detected within regions, however, more detailed analysis suggested that benefits to international portfolio diversification are not eradicated in the long-run. Also, a meteor shower effect, i.e. volatility spill-overs, was detected for most markets.

Published
1997

10. List of Contributors

Author

Andreou, Akrivi, primary, Andrikopoulos, Andreas, additional, Bertelli, Ruggero, additional, Blasco, Natividad, additional, Bradrania, Reza, additional, Chiang, Thomas C., additional, Coën, Alain, additional, Corredor, Pilar, additional, Desfleurs, Aurélie, additional, Banu Durukan, Mübeccel, additional, Economou, Fotini, additional, Can Ergun, Zeliha, additional, Ferreira, Mário Pedro, additional, Ferreruela, Sandra, additional, Forbes, William, additional, Gavriilidis, Konstantinos, additional, Georgoutsos, Dimitris, additional, Giouvris, Evangelos, additional, Gregoriou, Greg N., additional, Haguet, Daniel, additional, Kallinterakis, Vasileios, additional, Krichevskiy, Dmitriy, additional, Krokida, Styliani-Iris A., additional, Li, Huimin, additional, Li, Xiao, additional, Lim, SungKyu, additional, Migiakis, Petros, additional, Nastopoulos, Christos, additional, Orecharski, Plamen, additional, Özsu, Hilal H., additional, Pantelous, Athanasios A., additional, Qirjo, Dhimitri, additional, Said, Husaini, additional, Spyrou, Spyros I., additional, Tsouknidis, Dimitris A., additional, Vamvakaris, Michail D., additional, Voliotis, Dimitris, additional, von Müller, Camillo, additional, Vorlow, Constantinos E., additional, Xanthopoulos, Apostolos, additional, Xu, Lei, additional, and Zuev, Konstantin, additional

Published
2017
Full Text
View/download PDF

14. Short-term contrarian strategies in the London stock exchange: are they profitable? Which factors affect them?

Author

Antoniou, Antonios, Galariotis, Emilios C., and Spyrou, Spyros I.

Subjects
London Stock Exchange PLC -- Management, London Stock Exchange PLC -- Methods, Investors -- Methods, Securities industry -- Management, Securities industry -- Methods, Stock markets -- Forecasts and trends, Stocks -- Prices and rates, Stocks -- Analysis, Securities industry, Stock market, Company business management, Market trend/market analysis, Banking, finance and accounting industries, Business
Abstract

The profitability of short-term contrarian strategies for stocks and the factors influencing these strategies in the London Stock Exchange scenario are analyzed.

Published
2006

22. Re-evaluating IMF involvement in low-income countries

Author

Mobekk, Eirin and Spyrou, Spyros I.

Subjects
Economic conditions -- Analysis, Developing countries -- Economic aspects, Company business management, Economics, Sociology and social work, International Monetary Fund -- Management
Abstract

During the last two decades, the focus of involvement of the International Monetary Fund (IMF) in the developing world, especially the low-income countries, has shifted. The importance of the perception of the local population towards structural adjustment programms and its effect on the success of IMF supported programmes is examined with reference to the Haitian economy.

Published
2002

27. Stock and credit market expansion and economic development in emerging markets: further evidence utilizing cointegration analysis

Author

KASSIMATIS, KONSTANTINOS and SPYROU, SPYROS I.

Subjects
Taiwan -- Economic policy, Chile -- Economic policy, Mexico -- Economic policy, South Korea -- Economic policy, India -- Economic policy, Credit market -- Management, Developing countries -- Economic policy, Securities industry -- Management, Business, Business, general, Economics
Abstract

This paper empirically investigates the relationship between equity and credit market development and economic growth, in a sample of five very important `emerging' markets. In particular, employing a multivariate time-series [...]

Published
2001

31. On the functioning and the efficiency of the emerging equity markets

Author

Spyrou, Spyros I, Antoniou, A, and Garrett, I

Abstract

This thesis was submitted for the degree of Doctor of Philosophy and awarded by Brunel University. In the present thesis a series of theoretical and empirical issues relating to the functioning and the efficiency of the emerging equity markets is investigated. The sample covers ten markets; four from the Latin America and six from the Asia, Asia- Pacific, for the period between 1976 to 1994. In particular, I investigate various aspects of the behavior of equity prices in emerging markets, focusing on whether financial markets in the emerging economies are efficient [as in Fama (1970b)] or exhibit seasonal patterns; whether they move together over time and any subsequent implications this long-run comovement may have for international portfolio diversification; how volatility in these markets behaves and whether there are volatility spill overs from one market to another; whether financial liberalization has increased or decreased equity market volatility; what factors are important in determining equity returns in emerging economies. The main results that emerge from the analysis suggest that prices in the markets of the sample do not follow Random Walks and exhibit seasonal patterns, such as the well known Monday-effect. Furthermore, common long-run trends were detected within regions, however, more detailed analysis suggested that benefits to international portfolio diversification are not eradicated in the long-run. Also, a meteor shower effect, i.e. volatility spill-overs, was detected for most markets.

Published
1997

47. Fundamental variables and the cross-section of expected stock returns: the case of Hong Kong.

Author

Lam, Herbert Y.T. and Spyrou, Spyros I.

Subjects
RATE of return on stocks, STOCK exchanges
Abstract

Recent empirical evidence indicates that size and book-to-market ratios explain adequately a large part of average stock returns. This paper examines the association of a number of fundamental variables with the cross section of stock returns in the Hong Kong Stock Exchange. The results suggest that, during the 1990s, the small-firm effect has actualty gone into reverse and that size and book-to-market equity have a statistically significant relationship with average returns. Beta has little or no role as an explanatory variable. [ABSTRACT FROM AUTHOR]

Published
2003
Full Text
View/download PDF

Catalog

Books, media, physical & digital resources
See catalog results