https://nova.newcastle.edu.au/vital/access/ /manager/Index en-au 5 https://nova.newcastle.edu.au/vital/access/ /manager/Repository/uon:34684 Thu 11 Apr 2019 15:08:07 AEST ]]> https://nova.newcastle.edu.au/vital/access/ /manager/Repository/uon:31702 Sat 24 Mar 2018 08:44:19 AEDT ]]> https://nova.newcastle.edu.au/vital/access/ /manager/Repository/uon:54580 Sat 02 Mar 2024 10:10:46 AEDT ]]> https://nova.newcastle.edu.au/vital/access/ /manager/Repository/uon:53920 Mon 22 Jan 2024 16:41:48 AEDT ]]> https://nova.newcastle.edu.au/vital/access/ /manager/Repository/uon:40589 Fri 15 Jul 2022 10:53:13 AEST ]]> https://nova.newcastle.edu.au/vital/access/ /manager/Repository/uon:41844 ‘t’ process of Praetz (1972) and Blattberg and Gonedes (1974). Taken in conjunction with the GBM and the Feller diffusion, these processes underpin virtually every equilibrium based asset pricing model which appears in the literature. However, computing abnormal returns for any of these processes using the expected logarithmic returns formula for the GBM inevitably leads to errors in the abnormal returns. Hence, an important principle which emerges from our analysis is that it is crucially important for researchers and others to test the compatibility of empirically observed returns with the distributional assumptions on which the empirical analysis is based if the complications arising from mis-specified modelling procedures are to be avoided.]]> Fri 12 Aug 2022 14:44:21 AEST ]]>