Continuous information and the FIP hypothesis: Empirical evidence from the Finnish stock market

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dc.contributorAalto Universityen
dc.contributorAalto-yliopistofi
dc.contributor.advisorSpickers, Theresa
dc.contributor.authorRihtniemi, Mikko
dc.contributor.departmentRahoituksen laitosfi
dc.contributor.schoolKauppakorkeakoulufi
dc.contributor.schoolSchool of Businessen
dc.date.accessioned2019-12-29T17:02:55Z
dc.date.available2019-12-29T17:02:55Z
dc.date.issued2019
dc.description.abstractThis paper tests the FIP hypothesis in the Finnish stock market. The hypothesis predicts that there is a relationship between continuous information and momentum. The results of this paper suggest that there is a statistically significant difference between the returns of portfolios that con-tain continuous information and portfolios that contain discrete information. The paper shows that the returns of momentum portfolio gradually decrease when moving towards more discrete information. These findings support the FIP hypothesis, and signal that investors underreact to continuous information or have a delay in processing that.en
dc.format.extent19
dc.format.mimetypeapplication/pdfen
dc.identifier.urihttps://aaltodoc.aalto.fi/handle/123456789/41819
dc.identifier.urnURN:NBN:fi:aalto-201912296765
dc.language.isoenen
dc.programmeRahoitusen
dc.subject.keywordFIPen
dc.subject.keywordhypothesisen
dc.subject.keywordcontinuousen
dc.subject.keyworddiscreteen
dc.subject.keywordmomentumen
dc.titleContinuous information and the FIP hypothesis: Empirical evidence from the Finnish stock marketen
dc.typeG1 Kandidaatintyöfi
dc.type.ontasotBachelor's thesisen
dc.type.ontasotKandidaatintyöfi
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