Essays On Information Aggregation Herding And Volatility In Financial Markets
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Author | : Vladyslav Yuriyvich Sushko |
Publisher | : |
Total Pages | : 464 |
Release | : 2011 |
Genre | : |
ISBN | : |
Download Essays on Information Aggregation, Herding, and Volatility in Financial Markets Book in PDF, Epub and Kindle
Author | : Elias Albagli |
Publisher | : |
Total Pages | : 234 |
Release | : 2010 |
Genre | : |
ISBN | : |
Download Information Aggregation in Financial Markets Book in PDF, Epub and Kindle
I show that heightened uncertainty leads to increased risk premium, Sharpe ratio, and stock price volatility even when attitude towards risk and the unconditional volatility of fundamentals remain constant. The third essay combines the main insights of the first two. I incorporate funding constraints that limit informed trading to a larger extent when economic conditions are poor, resulting in stock prices that are less informative about the underlying fundamentals of a firm during contractions. I consider a profit function for the firm that exhibits partial irreversibilities of investment, yielding a desired investment level that depends negatively on uncertainty about fundamentals. Together, these results imply that investment will contract sharply at the outset of crises as not only expectations about fundamentals are lower, but uncertainty about them is also larger.
Author | : Sushil Bikhchandani |
Publisher | : |
Total Pages | : 38 |
Release | : 2000 |
Genre | : Capital market |
ISBN | : |
Download Herd Behavior in Financial Markets Book in PDF, Epub and Kindle
Author | : Yajun Xiao |
Publisher | : |
Total Pages | : 133 |
Release | : 2009 |
Genre | : |
ISBN | : |
Download Essays on Information, Hedging, Volatility in Financial Market Book in PDF, Epub and Kindle
Author | : Fotini Economou |
Publisher | : Academic Press |
Total Pages | : 516 |
Release | : 2017-06-24 |
Genre | : Business & Economics |
ISBN | : 0128112530 |
Download Handbook of Investors' Behavior during Financial Crises Book in PDF, Epub and Kindle
The Handbook of Investors' Behavior during Financial Crises provides fundamental information about investor behavior during turbulent periods, such the 2000 dot com crash and the 2008 global financial crisis. Contributors share the same behavioral finance tools and techniques while analyzing behaviors across a variety of market structures and asset classes. The volume provides novel insights about the influence and effects of regional differences in market design. Its distinctive approach to studies of financial crises is of key importance in our contemporary financial landscape, even more so since the accelerated process of globalization has rendered the outbreak of financial crises internationally more commonplace compared to previous decades. Encompasses empirical, quantitative and regulation-motivated studies Includes information about retail and institutional investor behavior Analyzes optimal financial structures for the development and growth of specific regional economies
Author | : |
Publisher | : |
Total Pages | : 634 |
Release | : 2009 |
Genre | : Dissertations, Academic |
ISBN | : |
Download Dissertation Abstracts International Book in PDF, Epub and Kindle
Author | : Miranda S. Goeltom |
Publisher | : Gramedia Pustaka Utama |
Total Pages | : 624 |
Release | : 2007 |
Genre | : Indonesia |
ISBN | : 9789792233391 |
Download Essays in Macroeconomic Policy Book in PDF, Epub and Kindle
Author | : Thorsten Hens |
Publisher | : Elsevier |
Total Pages | : 607 |
Release | : 2009-06-12 |
Genre | : Business & Economics |
ISBN | : 0080921434 |
Download Handbook of Financial Markets: Dynamics and Evolution Book in PDF, Epub and Kindle
The models of portfolio selection and asset price dynamics in this volume seek to explain the market dynamics of asset prices. Presenting a range of analytical, empirical, and numerical techniques as well as several different modeling approaches, the authors depict the state of debate on the market selection hypothesis. By explicitly assuming the heterogeneity of investors, they present models that are descriptive and normative as well, making the volume useful for both finance theorists and financial practitioners. Explains the market dynamics of asset prices, offering insights about asset management approaches Assumes a heterogeneity of investors that yields descriptive and normative models of portfolio selections and asset pricing dynamics
Author | : Domenico Cantone |
Publisher | : Springer Nature |
Total Pages | : 280 |
Release | : |
Genre | : |
ISBN | : 3031552482 |
Download From Computational Logic to Computational Biology Book in PDF, Epub and Kindle
Author | : Emilio Barucci |
Publisher | : Springer Science & Business Media |
Total Pages | : 473 |
Release | : 2012-12-06 |
Genre | : Business & Economics |
ISBN | : 1447100891 |
Download Financial Markets Theory Book in PDF, Epub and Kindle
A presentation of classical asset pricing theory, this textbook is the only one to address the economic foundations of financial markets theory from a mathematically rigorous standpoint and to offer a self-contained critical discussion based on empirical results. Tools for understanding the economic analysis are provided, and mathematical models are presented in discrete time/finite state space for simplicity. Examples and exercises included.