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Does Institutional Herding Tendency and Direction Destabilizes Stock Prices?
Iqbal, Muhammad; Salih, Aslihan - 2023
We introduce a new methodology to categorize institutional herding tendency and direction, that enhances the precision with which herders are identified at the institutional level. The herders are the ones that follow the crowd both on the buy and sell trades, whereas anti-herders are the...
Persistent link: https://www.econbiz.de/10014349524
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Unitized Risk and Real Rates of Return : A Historical Evolution of the Leading International Stock Exchanges
Nowak, Alojzy Z. - 2015
Financial markets have experienced unprecedented transformations, signs of which have emerged since the late 1970s. In recent years substantial consolidation occurred. In response to changes in macroeconomic variables, such as GDP, industrial production, inflation and the political business...
Persistent link: https://www.econbiz.de/10013027466
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Measuring stock market integration during the Gold Standard
Stuart, Rebecca - 2020
This paper uses a broad geographical sample to investigate stock market integration during the classical Gold Standard. It is novel in estimating 'global components' of stock market returns, using methods proposed by Volosovych (2011), Pukthuanthong and Roll (2009) and Ciccarelli and Mojon...
Persistent link: https://www.econbiz.de/10012392200
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The Conundrum of Hedge Fund Definition
Nabilou, Hossein - 2017
This Article attempts to define hedge funds and to distinguish them from a variety of similar investment funds. After reviewing the hedge fund definition in the U.S. and the EU, this Article argues that the current regulatory framework, which defines hedge funds by reference to what they are not...
Persistent link: https://www.econbiz.de/10012968010
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Determinants of Emerging Markets’ Commercial Bank Stock Returns
Girard, Eric - 2010
Although banks are central to the economic development and growth of emerging markets (Benston, 2004), most studies have not investigated the determinants of stock returns of this sector in these countries. This study, contributes to the literature in finance by investigating and identifying...
Persistent link: https://www.econbiz.de/10013141518
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Stock return predictability before the First World War
Stuart, Rebecca - 2022
This paper studies the predictability of stock returns using monthly data on eight markets over the period 1876-1913. In contrast to much of the existing literature I find broad predictability across stock markets. Market interest rates and seasonal dummies generally have predictive power, and...
Persistent link: https://www.econbiz.de/10013175580
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Institutionen, Finanzsysteme und Transformation
Engerer, Hella; Schrooten, Mechthild - 2001
markets. However, up to now, institutional economics and the theory of financial markets are totally separated research areas …
Persistent link: https://www.econbiz.de/10011435578
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The transition from industrial capitalism to a financialized bubble economy
Hudson, Michael - 2010
For the past decade, the U.S. economy has been driven not by industrial investment but by a real estate bubble. Although the United States may seem to be the leading example of industrial capitalism, its economy is no longer based mainly on investing in capital goods to employ labor to produce...
Persistent link: https://www.econbiz.de/10008664002
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The Hedge Fund Regulation Dilemma : Direct vs. Indirect Regulation
Nabilou, Hossein - 2015
This article studies the regulatory strategies to address the potential systemic risk of hedge funds operation in financial markets. Due to the implications of the choice of regulatory strategies and instruments in terms of mitigating systemic risk, the article focuses on one critical aspect of...
Persistent link: https://www.econbiz.de/10013035084
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The Evolution of Complex Systems Theory and the Advancement of Econophysics Methods in the Study of Stock Markets Crashes
Joe, Ho Yew - 2017
This paper traces the origin and development of the complex systems theory over the course of history, up to its latest … advancement in the study of stock market crashes. The trail of the theory's fuzzy evolution is expansive that covers the ground of … complex systems theory from another seemingly overlapping theory of the chaos systems. The paper recounts how researchers from …
Persistent link: https://www.econbiz.de/10012966774