搜索结果: 1-5 共查到“知识库 国民经济学 Stock”相关记录5条 . 查询时间(0.017 秒)
The Effects of Market Properties on Portfolio Diversification in the Korean and Japanese Stock Markets
Market Properties Portfolio Diversification Stock Markets
2010/10/29
In this study, we have investigated empirically the effects of market properties on the degree of diversification of investment weights among stocks in a portfolio. The weights of stocks within a port...
The Only Game in Town: Stock-Price Consequences of Local Bias
The Only Game in Town Stock-Price Consequences Local Bias
2014/3/18
Theory suggests that, in the presence of local bias, the price of a stock should be decreasing in the ratio of the aggregate book value of firms in its region to the aggregate risk tolerance of invest...
Harrison Hong is Professor of Economics, Princeton University, Princeton, New Jersey. Jeremy C. Stein is Moise Y. Safra Professor of Economics, Harvard University, and Research Associate, National Bur...
Comovements in International Stock Markets
realized volatility realized correlation stock markets fi nancial integration economic integration
2014/6/25
In the paper monthly realized moments for stock market returns for the US, the UK, Germany and Japan are employed to assess the linkages holding across moments and markets over the period 1973-2004. I...
Do Industries Lead Stock Markets?
Asset Pricing Information and Market Efficiency Financial Markets and Macroeconomy International Financial Markets
2014/3/18
We investigate whether the returns of industry portfolios are able to predict the movements of stock markets. In the U.S., we find that a significant number of industry returns, including retail, serv...