Deepak Kumar
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Hedge Funds and Stock Market Efficiency
We measure misvaluation using the discounted residual income model. As shown in the literature, this measure of stocks' misvaluation significantly explains their future cross-sectional returns. We measure the market-level misvaluation market ...
Endogenous Fundamental and Stock Cycles
A heterogeneous agent model of a financial market with endogenous fundamental value is built to study the recurrence of stock cycles. In a hypothetical economy, a firm produces consumption goods and issues a risk-free corporate bond and a risky stock in ...
The liquidity effect in Taiwan's stock market
ACACOS'12: Proceedings of the 11th WSEAS international conference on Applied Computer and Applied Computational ScienceIn Taiwan stock market, various concepts of stocks, or so-called investment styles, have been raised by fund managers to catch the attention of investors. Style investing is referred to as investing stocks with similar company characteristics to form a ...
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