ダウンロード数: 176
完全メタデータレコード
| DCフィールド | 値 | 言語 |
|---|---|---|
| dc.contributor.author | Nishide, Katsumasa | en |
| dc.contributor.alternative | 西出, 勝正 | ja |
| dc.date.accessioned | 2008-04-08T12:08:00Z | - |
| dc.date.available | 2008-04-08T12:08:00Z | - |
| dc.date.issued | 2007-03 | - |
| dc.identifier.citation | Katsumasa Nishide. Price Reaction to Momentum Trading and Market Equilibrium. 京都大学大学院経済学研究科Working Paper. 86. 2007.03. | - |
| dc.identifier.uri | http://hdl.handle.net/2433/50724 | - |
| dc.description.abstract | This paper analyzes a nancial market with momentum trading, and shows how momentum trading a ects the market equilibrium. When momentum traders dominate the market, the private information owned by the rational traders may not be incorporated into the price, whence the price becomes less informative. If trend-chasing traders trade intensively in the market, a market bubble may occur and the price rises even though the fundamental value of the asset is low. It is shown that the reliability of the rm's public announcement such as an earnings forecast is a key factor to avert the market bubble. | en |
| dc.language.iso | eng | - |
| dc.publisher | 京都大学大学院経済学研究科 | ja |
| dc.publisher.alternative | Graduate School of Economics, Kyoto University | en |
| dc.subject | Market microstructure | en |
| dc.subject | rational expectations model | en |
| dc.subject | momentum trading | en |
| dc.subject | market bubble | en |
| dc.subject.ndc | 330 | - |
| dc.title | Price Reaction to Momentum Trading and Market Equilibrium | en |
| dc.type | research report | - |
| dc.type.niitype | Research Paper | - |
| dc.identifier.jtitle | 京都大学大学院経済学研究科Working Paper | ja |
| dc.identifier.issue | 86 | - |
| dc.textversion | author | - |
| dc.sortkey | 086 | - |
| dcterms.accessRights | open access | - |
| 出現コレクション: | Working Paper (外国語論文) | |
このリポジトリに保管されているアイテムはすべて著作権により保護されています。