教師資料查詢 | 類別: 期刊論文 | 教師: 鄭婉秀 WAN-HSIU CHENG (瀏覽個人網頁)

標題:The Relationships among Three Major Institutional Investors, General Individual Investors, and the Stock Market
學年95
學期1
出版(發表)日期2007/01/01
作品名稱The Relationships among Three Major Institutional Investors, General Individual Investors, and the Stock Market
作品名稱(其他語言)
著者Lin, Cho-min; Huang, Bor-yi; Cheng, Wan-hsiu; Wu, Pei-shan
單位淡江大學財務金融學系
出版者New Delhi: TARU Publications
著錄名稱、卷期、頁數Journal of Statistics and Management Systems 10(1), pp.87-102
摘要This study investigates the correlation among the three institutional investors, general individual investors, and the stock market using the multivariate GARCH model. We also analyze the effect of releasing the restriction of foreign investment. The empirical results reveal that trading behavior of foreign institutional investors holds a crucial influence on domestic dealers and general individual investors, and the counter-trading phenomenon of foreign institutional investors and domestic institutional investors is due to different investment judgments. A verification of the impulse response equation reveals institutional investors perform at a faster information transmission effect. Overall, a full opening up of foreign capital might not be as powerful as expected.
關鍵字Three major institutional investors; General individual investors; Multivariate GRACH model
語言英文
ISSN0972-0510
期刊性質國外
收錄於EI
產學合作
通訊作者
審稿制度
國別印度
公開徵稿
出版型式紙本
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