Submitted by Philipp Dambach (philipp.dambach@gmail.com) on 2016-10-05T09:37:48Z No. of bitstreams: 1 APPLYING PIOTROSKI’S F_SCORE TO THE GERMAN STOCK MARKET. EVIDENCE FROM 2002-2016..pdf: 1007676 bytes, checksum: 5ab68d6efd7a8606a6f70316ee4c942a (MD5) / Rejected by Ana Luiza Holme (ana.holme@fgv.br), reason: Dear Philipp, The number of pages are incorrect, it's counts from the first page but the number only appear in the introduction. best. Ana Luiza Holme 37993492 on 2016-10-05T12:07:50Z (GMT) / Submitted by Philipp Dambach (philipp.dambach@gmail.com) on 2016-10-05T12:32:36Z No. of bitstreams: 1 APPLYING PIOTROSKI’S F_SCORE TO THE GERMAN STOCK MARKET. EVIDENCE FROM 2002-2016..pdf: 1006384 bytes, checksum: 48e705c5c456be0e2cbc6205b85705e4 (MD5) / Rejected by Ana Luiza Holme (ana.holme@fgv.br), reason: Dear Philipp, I apologize but I forgot to metion that the abstract is before the resumo. Also is missing the acknowledgment. Warm regards. Ana Luiza Holme 37993492 on 2016-10-05T14:22:17Z (GMT) / Submitted by Philipp Dambach (philipp.dambach@gmail.com) on 2016-10-05T15:22:17Z No. of bitstreams: 1 APPLYING PIOTROSKI’S F_SCORE TO THE GERMAN STOCK MARKET. EVIDENCE FROM 2002-2016..pdf: 1007025 bytes, checksum: 5cba006abff9b93c7a4de8ca2fd08ecd (MD5) / Rejected by Ana Luiza Holme (ana.holme@fgv.br), reason: Dear Philipp, Only the acknowledgment is missing. Please include in the thesis before the abstract. Best. Ana Luiza Holme 37993492 on 2016-10-05T16:03:07Z (GMT) / Submitted by Philipp Dambach (philipp.dambach@gmail.com) on 2016-10-05T16:31:21Z No. of bitstreams: 1 APPLYING PIOTROSKI’S F_SCORE TO THE GERMAN STOCK MARKET. EVIDENCE FROM 2002-2016..pdf: 1009654 bytes, checksum: deaf2c7429e1362493959d5203294fff (MD5) / Approved for entry into archive by Ana Luiza Holme (ana.holme@fgv.br) on 2016-10-05T16:33:13Z (GMT) No. of bitstreams: 1 APPLYING PIOTROSKI’S F_SCORE TO THE GERMAN STOCK MARKET. EVIDENCE FROM 2002-2016..pdf: 1009654 bytes, checksum: deaf2c7429e1362493959d5203294fff (MD5) / Made available in DSpace on 2016-10-05T17:20:25Z (GMT). No. of bitstreams: 1 APPLYING PIOTROSKI’S F_SCORE TO THE GERMAN STOCK MARKET. EVIDENCE FROM 2002-2016..pdf: 1009654 bytes, checksum: deaf2c7429e1362493959d5203294fff (MD5) Previous issue date: 2016-09-28 / This work project applies Joseph Piotroski’s F_SCORE to the German stock market between 2002 and 2016. Considering the smaller size of the German stock market, a F_SCORE_ADD was created to differentiate between companies with the same score. Portfolios that went long in expected winners and shorted expected losers generated strong results within the small cap sample. For large caps, the abnormality of returns was not significant after controlling for common risk factors and quality. This relates to the results of other researchers and questions the practicality of the investment strategy for institutional investors with a large capital base to employ. / Esta dissertação aplica o F_SCORE de Joseph Piotroski ao mercado de ações alemão entre 2002 e 2016. Por causa do tamanho menor do mercado de ações alemão, um F_SCORE_ADD foi criado para diferenciar entre as empresas com a mesma pontuação. Carteiras que foram 'long' em vencedores esperados e 'short' em perdedores esperados renderam bons resultados dentro da amostra com empresas de baixo valor de mercado. Para as empresas de alta capitalização, a anormalidade de retornos não foi estatisticamente significante após o controle de fatores de risco comuns e qualidade. Isto relaciona-se com os resultados de outros investigadores e questiona a praticidade desta estratégia de investimento para os investidores institucionais com uma grande base de capital para empregar.