2012年11月
Heterogeneity and Anchoring in Financial Markets
Applied Financial Economics
- 巻
- 22
- 号
- 21
- 開始ページ
- 1821
- 終了ページ
- 1826
- 記述言語
- 英語
- 掲載種別
- 研究論文(学術雑誌)
- DOI
- 10.1080/09603107.2012.681025
The motivation behind this article is to verify the efficient market hypothesis as found in traditional financial theories. Participants in Japanese stock markets tend to be heterogeneous
the types of firms to which survey respondents belong can affect the formation of expectations. Furthermore, the majority of market participants - even institutional investors who are financial market professionals - place significant weight on past forecast values, and the strength of the anchoring effects depends on the types of firms to which the respondents belong, as well as the stock market conditions. © 2012 Copyright Taylor and Francis Group, LLC.
the types of firms to which survey respondents belong can affect the formation of expectations. Furthermore, the majority of market participants - even institutional investors who are financial market professionals - place significant weight on past forecast values, and the strength of the anchoring effects depends on the types of firms to which the respondents belong, as well as the stock market conditions. © 2012 Copyright Taylor and Francis Group, LLC.
- ID情報
-
- DOI : 10.1080/09603107.2012.681025
- ISSN : 0960-3107
- ISSN : 1466-4305
- SCOPUS ID : 84861948007