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Kohsaka, Youki - Graduate School of Economics, Osaka University - 2011

This paper examines whether the stock split bubble in Japan burst by not only reformed system, but also Livedoor-shock … split stocks in the new system, the news of which was announced before and after Livedoor-shock. Empirical results reveal … that restriction on trade of newly issued stocks in the old system caused the run-up in the stock price and that Livedoor-shock …

Persistent link: https://www.econbiz.de/10009323619

Makroökonomische Bedeutung von Vermögenspreisblase: Eine Event-Studie für die G4-Länder

Hülsewig, Oliver; Wollmershäuser, Timo - In: Ifo Schnelldienst 59 (2006) 19, pp. 13-33

Der Beitrag beleuchtet im Rahmen einer Event-Studie für Deutschland, Großbritannien, Japan und die Vereinigten Staaten …

Persistent link: https://www.econbiz.de/10005014025

The Financial Crisis in Japan – Are There Similarities to the Current Situation?

Mayr, Johannes - In: CESifo Forum 9 (2008) 4, pp. 64-68

Persistent link: https://www.econbiz.de/10004998593

Sentiment bubbles

Berger, David; Turtle, Harry J. - In: Journal of Financial Markets 23 (2015) C, pp. 59-74

We examine cumulative changes in investor sentiment and find that these changes relate to extended periods of increasing overvaluation, followed by price corrections. The relation between sentiment and returns is path dependent—short-term increases in sentiment precede strong positive returns,...

Persistent link: https://www.econbiz.de/10011263887

Riding the South Sea Bubble

Temin, Peter; Voth, Hans-Joachim - Barcelona Graduate School of Economics (Barcelona GSE) - 2003

This paper presents a case study of a well-informed investor in the South Sea bubble. We argue that Hoare's Bank, a fledgling West End London banker, knew that a bubble was in progress and that it invested knowingly in the bubble; it was profitable to "ride the bubble." Using a unique dataset on...

Persistent link: https://www.econbiz.de/10010851420

Riding the South Sea bubble

Temin, Peter; Voth, Joachim - Department of Economics and Business, Universitat … - 2004

This paper presents a case study of a well-informed investor in the South Sea bubble. We argue that Hoare's Bank, a fledgling West End London banker, knew that a bubble was in progress and nonetheless invested in the stock; it was profitable to "ride the bubble." Using a unique dataset on daily...

Persistent link: https://www.econbiz.de/10005772072

Riding the South Sea Bubble

Temin, Peter; Voth, Hans-Joachim - C.E.P.R. Discussion Papers - 2004

The efficient markets hypothesis implies that, in the presence of rational investors, bubbles cannot develop. We …

Persistent link: https://www.econbiz.de/10005136583

Riding the South See Bubble

Temin, Peter; Voth, Hans-Joachim - Barcelona Graduate School of Economics (Barcelona GSE) - 2004

This paper presents a case study of a well-informed investor in the South Sea bubble. We argue that Hoare's Bank, a fledgling West End London banker, knew that a bubble was in progress and nonetheless invested in the stock; it was profitable to "ride the bubble." Using a unique dataset on daily...

Persistent link: https://www.econbiz.de/10010547500

Investor sentiment and market reaction: evidence on 2010 FIFA World Cup

Vieira, Elisabete F. Simões - In: International Journal of Economics and Accounting 3 (2012) 1, pp. 51-76

The purpose of this study is to examine whether investor sentiment influences the stock price reaction to football matches results, giving some contribute to the behaviour finance, or if investors react in a rational way, giving evidence of standard finance. To proxy for investor sentiment, we...

Persistent link: https://www.econbiz.de/10011015140

Heterogeneity and sentiment in the stock market

Frijns, Bart; Gilbert, Aaron; Tourani-Rad, Alireza - In: International Journal of Behavioural Accounting and Finance 2 (2011) 2, pp. 140-151

In this paper, we investigate the question whether the changing beliefs in different countries may be driven by common investors' sentiment. We examine this issue by investigating the relationship between the degree of switching in two major stock markets, the USA and the UK, for a long period...

Persistent link: https://www.econbiz.de/10009360080