The present paper analyzes the behavioral relations of major investor groups in the stabilized Korean stock and futures markets after the 1997 Asian financial crisis. Investor groups cannot be classified as positive or negative feedback traders on market returns when both stock and futures...

This paper suggests a valuation framework for an investment project through the concept of real options. Generally, in real asset world, decision time and its payment time are not identical. This so-called investment lag problem should be considered when valuing real assets. When investment lags...

This paper analyses the dynamic competition relationships of stock markets in Korea and the United States. The Lotka-Volterra system of equations, one of well-known competitive diffusion models, is adopted to represent the competitive situations of the Korean and US stock markets and it is...