How Accurate is the January Barometer? (2007)
Ben R. Marshall, Palmerston North, Nuttawat Visaltanachoti
The ability of positive (negative) equity market returns in January to predict positive (negative) returns in the following 11 months of the year is the subject of much discussion in the financial...
How Accurate is the January Barometer? (2007)
Ben R. Marshall, Palmerston North, Nuttawat Visaltanachoti
The ability of positive (negative) equity market returns in January to predict positive (negative) returns in the following 11 months of the year is the subject of much discussion in the financial...
Is the 52-week high momentum strategy profitable outside the US?
Ben R. Marshall, Rachael M. Cahan
This paper uses Australian stock data to provide the first out-of-sample test of the 52-week high momentum strategy. The robustness of price and industry momentum strategies is also considered. We...
Financial Distress Prediction in China
Jianguo Chen, Ben R. Marshall, Jenny Zhang, Siva Ganesh
We use four alternative prediction models to examine the usefulness of financial ratios in predicting business failure in China. China has unique legislation regarding business failure so it is an...
Does intraday technical analysis in the U.S. equity market have value?
Marshall, Ben R., Cahan, Rochester H., Cahan, Jared M.
This paper investigates whether intraday technical analysis is profitable in the U.S. equity market. Surveys of market participants indicate that they place more emphasis on technical analysis (and...
Investment returns under right- and left-wing governments in Australasia
Anderson, Hamish D., Malone, Christopher B., Marshall, Ben R.
This paper considers the link between ruling political parties and stock, property, and bond returns in Australasia. Australia and New Zealand provide an ideal setting as their political systems...
Anderson, Hamish D., Marshall, Ben R., Wales, Ryan
We show that investor protection legislation is an important determinant of the returns of target companies that are subject to takeovers within Europe. Announcement and post-announcement returns are...
Regulation and target takeover returns: Is there a link?
Marshall, Ben R., Anderson, Hamish D.
We investigate the impact that stronger regulation has on takeover returns in New Zealand. This is an ideal laboratory as New Zealand moved from an environment of relatively weak takeover regulation...
How quickly is temporary market inefficiency removed?
I provide evidence on the length of time it takes for arbitrageurs to exploit attractive investment opportunities. A unique data set from the Internet sports betting market allows me to focus on the...