Year

2019

Degree Name

Doctor of Philosophy

Department

School of Accounting, Economics and Finance

Abstract

In this thesis we present three financial applications of Markov chain models based on three separate papers. The focus is about two important topics in finance, namely stock valuation and price discovery.

FoR codes (2008)

010205 Financial Mathematics, 150201 Finance

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Unless otherwise indicated, the views expressed in this thesis are those of the author and do not necessarily represent the views of the University of Wollongong.