| 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 | en |
| ISSN | 0972-0510 |
| 期刊性質 | 國外 |
| 收錄於 | EI |
| 產學合作 | |
| 通訊作者 | |
| 審稿制度 | 是 |
| 國別 | IND |
| 公開徵稿 | |
| 出版型式 | 紙本 |
| 相關連結 |
機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/72577 ) |
| SDGS | 尊嚴就業與經濟發展 |
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