haku: @indexterm Business information / yhteensä: 211
viite: 7 / 211
| Tekijä: | Hong, H. Stein, J. C. |
| Otsikko: | Differences of opinion, short-sales constraints, and market crashes |
| Lehti: | Review of Financial Studies
2003 : SUMMER, VOL. 16:2, p. 487-525 |
| Asiasana: | Market research Investors Business information |
| Kieli: | eng |
| Tiivistelmä: | The authors develop a theory of market crashes based on differences of opinion among investors. The model explains a variety of stylized facts about crashes and also makes a distinctive new prediction - that returns will be more negatively skewed conditional on high trading volume. |
SCIMA