haku: @indexterm VALUATION / yhteensä: 677
viite: 152 / 677
| Tekijä: | Caginalp, G. |
| Otsikko: | Do Speculative Stocks Lower Prices and Increase Volatility of Value Stocks? |
| Lehti: | Journal of Psychology and Financial Markets
2002 : VOL. 3:2, p. 118-132 |
| Asiasana: | STOCKS PRICES VOLATILITY VALUATION |
| Kieli: | eng |
| Tiivistelmä: | The influence of speculative stocks on value stocks is examined through a set of economics experiments. The speculative asset is designed to model a company involved in a rapidly growing market that will be saturated at some unknown point. Using a control experiment where both assets are similar value stocks, the authors find statistical support for the assertion that the presence of a speculative stock increases the volatility and diminishes the price of the value stock. In addition, the temporal minimum price of the value stock during the last phase of the experiment is lower in the presence of the speculative stock (when the trading price of the speculative asset is declining sharply). |
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