On the Use of Hypothesis Testing and Other Problems in Financial Research

Financial economics reached an important level of development in the second half of the 20th century. However, in the authors' opinion, this development process has slowed considerably in recent years. Although empirical papers have increased both in quantity and quality, the issue must be face...

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Bibliographic Details
Published in:Journal of Investing 2006-12, Vol.15 (4), p.64-67
Main Authors: Gómez-Bezares, Fernando, Gómez-Bezares, Fernando R.
Format: Article
Language:English
Subjects:
Capital assets
Case studies
Criticism
Financial analysis
Hypotheses
Hypothesis testing
Problem solving
Risk premiums
Small & medium sized enterprises-SME
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Summary:Financial economics reached an important level of development in the second half of the 20th century. However, in the authors' opinion, this development process has slowed considerably in recent years. Although empirical papers have increased both in quantity and quality, the issue must be faced that theoretical creativity has decreased and statistical analysis is often abused. In fact, in many studies, clear mistakes are made when hypothesis tests are used. Practitioners must be aware of this reality. [PUBLICATION ABSTRACT]
ISSN:1068-0896
2168-8613
DOI:10.3905/joi.2006.669101