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CEEAplA Working Paper Series 2013

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http://hdl.handle.net/10400.3/2275

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Browsing CEEAplA Working Paper Series 2013 by Author "Menezes, António Gomes de"

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  • The daily returns of the Portuguese stock index : a distributional characterization
    Publication . Rege, Sameer; Teixeira, João; Menezes, António Gomes de
    This paper compares the fitting of the normal, generalized hyperbolic, normal inverse Gaussian and Student t distributions to the daily returns of the Portuguese Stock Index PSI-20 over the period 1992-2013. We find that the distribution of the actual returns of the PSI-20 exhibits much higher kurtosis and extreme values as compared to the normal distribution. Overall, the best fit is provided by the Student t and the generalized hyperbolic distributions. This pattern also applies to the tail behavior, as the density of the Student t distribution exhibits fatter tails then the density of the other distributions, followed by the density of the generalized hyperbolic distribution. Finally, we find that the normal inverse Gaussian and the normal distributions have the lowest fitting quality to the actual daily returns of the Portuguese stock index.
    2013-10Working paper Open access Show more
  • Turismo de golfe na ilha de São Miguel : fatores que influenciam a duração da estadia
    Publication . Vicente, Vera Raquel Alves; Moniz, Ana Isabel Arruda; Menezes, António Gomes de
    O objetivo central deste artigo é analisar os motivos da visita e os fatores que influenciam a duração da estadia dos turistas de golfe na ilha de São Miguel, prosseguindo-se com a segmentação do mercado. O conhecimento teórico deste tema permitiu a elaboração de um questionário que foi aplicado aos turistas de golfe que passaram pelo Campo de Golfe da Batalha. Os resultados deste questionário permitirão apurar a duração da estadia e o grau de satisfação.
    2013-11Working paper Open access Show more