The Economic Value of Fundamental and Technical Information in Emerging Currency Markets
Zwart, G.J. De, Markwat, T.D., Swinkels, L.
We measure the economic value of information derived from macroeconomic variables and from technical trading rules for emerging markets currency investments. Our analysis is based on a sample of 21...
A Recommitment Strategy for Long Term Private Equity Fund Investors
This paper develops a reinvestment strategy for private equity which aims to keep its portfolio weight equal to a desired strategic allocation, while taking into account the illiquid nature of...
The Success Of Stock Selection Strategies In Emerging Markets: Is It Risk Or Behavioral Bias?
Hart, J. Van Der, Zwart, G.J. De
We examine competing explanations, based on risk and behavioral models, for the profitability of stock selection strategies in emerging markets. We document that both emerging market risk and global...
The Inefficient Use of Macroeconomic Information in Analysts' Earnings Forecasts in Emerging Markets
This paper presents empirical evidence that security analysts do not efficiently use publicly available macroeconomic information in their earnings forecasts for emerging market stocks. Analysts...