지원사업
학술연구/단체지원/교육 등 연구자 활동을 지속하도록 DBpia가 지원하고 있어요.
커뮤니티
연구자들이 자신의 연구와 전문성을 널리 알리고, 새로운 협력의 기회를 만들 수 있는 네트워킹 공간이에요.
논문 기본 정보
- 자료유형
- 학술저널
- 저자정보
- 발행연도
- 2014.12
- 수록면
- 395 - 419 (25page)
이용수
초록· 키워드
오류제보하기
Employing a newly constructed data set of good and bad news, we investigated behavioral and efficient market hypotheses on Korean stock market responses to good and bad news during the global financial crisis. Standard efficient market tests passed and several interesting behavioral aspects of market behavior emerged. Optimism and confirmation biases pay less attention to bad news during rising periods; KOSPI investors reacted more strongly to bad news in both rising and falling markets, and unexpected news in negative and positive momentum except for bad hard policy news. Efficient market and behavioral finance hypotheses can be useful explaining market behavior.
목차
1. INTRODUCTION
2. THE BEHAVIORAL HYPOTHESES
3. THE DATA SET OF NEWS
4. RESEARCH METHODOLOGY
5. RESULTS ON NEWS AND THE BEHAVIORAL HYPOTHESES
6. CONCLUDING COMMENTS
REFERENCES
참고문헌 (27)
참고문헌 신청
1. [단행본] - Akerlof, George A. / 2009 / Animal Spirits / Brilliance Audio
2. [학술지(정기간행물)] - Armitage, S. / 1995 / Event Study Methods and Evidence on Their Performance / Journal of Economic Surveys 9 (1) : 25 ~ 52
3. [학술지(정기간행물)] - Ayadi, O. Felix / 1994 / An Application of Variance Ratio Test to the Korean Securities Market / Journal of Banking and Finance 18 (4) : 643 ~ 658
4. [학술지(정기간행물)] - Baig, Taimer / 1999 / Financial Market Contagion in the Asian Crisis / International Monetary Fund Staff Papers 46 (2) : 167 ~ 195
5. [단행본] - Burnham, Terry / 2005 / How to Profit from the New Science of Irrationality / John Wiley and Sons, Inc. Publishing
2. [학술지(정기간행물)] - Armitage, S. / 1995 / Event Study Methods and Evidence on Their Performance / Journal of Economic Surveys 9 (1) : 25 ~ 52
3. [학술지(정기간행물)] - Ayadi, O. Felix / 1994 / An Application of Variance Ratio Test to the Korean Securities Market / Journal of Banking and Finance 18 (4) : 643 ~ 658
4. [학술지(정기간행물)] - Baig, Taimer / 1999 / Financial Market Contagion in the Asian Crisis / International Monetary Fund Staff Papers 46 (2) : 167 ~ 195
5. [단행본] - Burnham, Terry / 2005 / How to Profit from the New Science of Irrationality / John Wiley and Sons, Inc. Publishing
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UCI(KEPA) : I410-ECN-0101-2016-320-001104874