Melbourne Accounting Research Seminar - Professor Stanimir Markov

Melbourne Accounting Research Seminars
Melbourne Accounting Research Seminars

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Martin Weisner

martin.weisner@unimelb.edu.au

T: +61 3 8344 6556

  • Melbourne Accounting Research Seminar

Professor Stanimir Markov from the University of Texas will present a MARS seminar.

Topic: Capital Market Economies and Quantitative Research

Abstract: Quantitative research analysts (Quants) produce in-depth quantitative and econometric modeling of market anomalies to assist sell-side analysts and institutional clients with stock selection strategies. Quants are associated with more efficient analyst forecasting for anomalies — recommendations and target prices on anomaly-longs (anomaly-shorts) are more (less) favorable and investment value is higher. Quant research facilitates “smart money” trades of institutional clients — they exhibit higher (lower) likelihood of purchasing underpriced (overpriced) stocks. Finally, cross-sectional predictability of anomalies is attenuated for stocks with increased Quant coverage. The evidence suggests that Quants add value to financial markets and increase market efficiency with respect to anomalies.

This seminar will be conducted remotely via Zoom. Register for this seminar

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