Analysis Of The Korean Stock Market Behavioral Finance Approaches

Author : Kim Keunsoo,Byun Jinho
Publisher : World Scientific
Page : 292 pages
File Size : 51,6 Mb
Release : 2018-05-18
Category : Business & Economics
ISBN : 9789813236776

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Analysis Of The Korean Stock Market: Behavioral Finance Approaches by Kim Keunsoo,Byun Jinho Pdf

The Korean stock market, ranked 11th in the world in terms of market capitalization of stocks in 2017, is a globalized market. Foreign investors hold close to one-third of stocks listed on the Korea Exchange (KRX) as of May 2017 (in terms of market capitalization). The US and the UK alone account for almost 50% of foreign ownership in the KRX. Research or information on the Korean stock market, however, is not well known to the domestic or the global investment communities. There are minimal investment studies that deal with practical issues from the perspective of investment analysts. This volume bridges the academic and investment communities by providing analyses of the Korean stock market that contain practical values. This book comprehensively analyzes anomalies in the Korean stock market, including time series anomalies such as the January effect, cross-sectional anomalies such as the size effect and book-to-market effect, and anomalies related to corporate events. The authors also investigate sales revenue, profitability, valuation (M/B ratio), and the financial risk of listed companies in the Korean stock market at both the sectoral level and industrial level. As the study uses a comprehensive data set and long-term sample period, readers can benefit from consistent and comparable empirical results. Contents: Korean Capital Market Behavioral Approaches Seasonal Anomalies Cross-Sectional Anomalies Corporate Event Industry Analysis Readership: Professional investors and academicians who are interested in the Korean stock market, Korean and foreign institutional investors, graduate scholars studying the Korean stock market. Keywords: Korean Stock Market;Market Predictability;Trading Behavior;Seasonal Effect;Cross-Sectional Anomalies;Industry Analysis;History of Korean Stock MarketReview:0

Author : Seungho Jung,Jongmin Lee,Seohyun Lee
Publisher : International Monetary Fund
Page : 36 pages
File Size : 41,5 Mb
Release : 2021-10-22
Category : Business & Economics
ISBN : 9781557759672

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Geopolitical Risk on Stock Returns: Evidence from Inter-Korea Geopolitics by Seungho Jung,Jongmin Lee,Seohyun Lee Pdf

We investigate how corporate stock returns respond to geopolitical risk in the case of South Korea, which has experienced large and unpredictable geopolitical swings that originate from North Korea. To do so, a monthly index of geopolitical risk from North Korea (the GPRNK index) is constructed using automated keyword searches in South Korean media. The GPRNK index, designed to capture both upside and downside risk, corroborates that geopolitical risk sharply increases with the occurrence of nuclear tests, missile launches, or military confrontations, and decreases significantly around the times of summit meetings or multilateral talks. Using firm-level data, we find that heightened geopolitical risk reduces stock returns, and that the reductions in stock returns are greater especially for large firms, firms with a higher share of domestic investors, and for firms with a higher ratio of fixed assets to total assets. These results suggest that international portfolio diversification and investment irreversibility are important channels through which geopolitical risk affects stock returns.

Author : Shuchita Singh & Shilpa Bahi
Publisher : Vikas Publishing House
Page : 128 pages
File Size : 49,8 Mb
Release : 2024-06-28
Category : Business & Economics
ISBN : 9789325984578

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Behavioural Finance by Shuchita Singh & Shilpa Bahi Pdf

The theories and concepts of behavioural finance are not widely studied. In many countries, the acceptance level of behavioural theories is quite low. However, the increasing instances of various anomalies of financial markets have forced many researchers to look closer to this modern field of finance. Behavioural Finance seeks to bring together all the concepts and theories developed by renowned international and national researchers and practitioners in financial markets. An in-depth study has been made to explain the current economic downturn and the role of behavioural finance in it. KEY FEATURES • Interviews: Latest industry views by various asset-class experts • Facts: Important factual information in boxes titled 'Do You Know?' • Abbreviations: Important and relevant abbreviated terms • Model Test Papers: For practice • Summary: Given as 'Key Learning Points' for revision

Author : Setsuya Kurahashi,Hiroshi Takahashi
Publisher : Springer
Page : 284 pages
File Size : 40,8 Mb
Release : 2018-12-08
Category : Political Science
ISBN : 9789811318498

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Innovative Approaches in Agent-Based Modelling and Business Intelligence by Setsuya Kurahashi,Hiroshi Takahashi Pdf

This book thoroughly prepares intermediate-level readers for research in social science, organization studies, economics, finance, marketing science, and business science as complex adaptive systems. It presents the advantages of social simulation studies and business intelligence to those who are not familiar with the computational research approach, and offers experienced modelers various instructive examples of using agent-based modeling and business intelligence approaches to inspire their own work. In addition, the book discusses cutting-edge techniques for complex adaptive systems using their applications. To date, business science studies have focused only on data science and analyses of business problems. However, using these studies to enhance the capabilities of conventional techniques in the fields has not been investigated adequately. This book addresses managing the issues of societies, firms, and organizations to profit from interaction with agent-based modeling, human- and computer- mixed systems, and business intelligence approaches, an area that is fundamental for complex but bounded rational business environments. With detailed research by leading authors in the field, Innovative Approaches in Agent-Based Modelling and Business Intelligence inspires readers to join with other disciplines and extend the scope of the book with their own unique contributions. It also includes the common challenges encountered in computational social science and business science to enable researchers, students, and professionals to resolve their own problems.

Author : Sushil Bikhchandani,Sunil Sharma
Publisher : Unknown
Page : 38 pages
File Size : 55,8 Mb
Release : 2000
Category : Capital market
ISBN : UCSD:31822028586014

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Herd Behavior in Financial Markets by Sushil Bikhchandani,Sunil Sharma Pdf

Author : John J. Murphy
Publisher : Penguin
Page : 576 pages
File Size : 46,9 Mb
Release : 1999-01-01
Category : Business & Economics
ISBN : 9781101659199

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Technical Analysis of the Financial Markets by John J. Murphy Pdf

John J. Murphy has now updated his landmark bestseller Technical Analysis of the Futures Markets, to include all of the financial markets. This outstanding reference has already taught thousands of traders the concepts of technical analysis and their application in the futures and stock markets. Covering the latest developments in computer technology, technical tools, and indicators, the second edition features new material on candlestick charting, intermarket relationships, stocks and stock rotation, plus state-of-the-art examples and figures. From how to read charts to understanding indicators and the crucial role technical analysis plays in investing, readers gain a thorough and accessible overview of the field of technical analysis, with a special emphasis on futures markets. Revised and expanded for the demands of today's financial world, this book is essential reading for anyone interested in tracking and analyzing market behavior.

Author : Wing-Keung Wong
Publisher : Mdpi AG
Page : 232 pages
File Size : 50,6 Mb
Release : 2022-02-17
Category : Business & Economics
ISBN : 3036530800

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Efficiency and Anomalies in Stock Markets by Wing-Keung Wong Pdf

The Efficient Market Hypothesis believes that it is impossible for an investor to outperform the market because all available information is already built into stock prices. However, some anomalies could persist in stock markets while some other anomalies could appear, disappear and re-appear again without any warning. A Special Issue on "Efficiency and Anomalies in Stock Markets" will be devoted to advancements in the theoretical development of market efficiency and anomaly in the Stock Market, as well as applications in Stock Market efficiency and anomalies.

Author : International Monetary Fund. Monetary and Capital Markets Department
Publisher : International Monetary Fund
Page : 65 pages
File Size : 43,6 Mb
Release : 2020-04-20
Category : Business & Economics
ISBN : 9781513541433

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Republic of Korea by International Monetary Fund. Monetary and Capital Markets Department Pdf

This paper presents Financial System Stability Assessment (FSSA) with the Republic of Korea. The Korean authorities have continued their efforts at upgrading the prudential, legal, and supervisory framework for the financial sector, and keeping up with international standards and practices in other G20 jurisdictions. The authorities have been strengthening the system with micro and macroprudential measures against vulnerabilities, strengthening the crisis management framework, and upgrading the prudential and legal framework. The FSSA suggests moving toward a more forward-looking monitoring and systemic risk identification mechanism. The reliability of various stress tests could be augmented with advanced methods, system-wide monitoring, and testing the overall leverage related to residential properties, households’ resilience to adverse shocks, and sovereign contingent liabilities. Stronger focus is required on systemic risks emanating from securities market activities that can amplify contagion, including sudden redemption and liquidity pressures in the funds and asset management industry.

Author : H. Kent Baker,John R. Nofsinger
Publisher : John Wiley & Sons
Page : 773 pages
File Size : 49,5 Mb
Release : 2010-10-05
Category : Business & Economics
ISBN : 9780470499115

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Behavioral Finance by H. Kent Baker,John R. Nofsinger Pdf

A definitive guide to the growing field of behavioral finance This reliable resource provides a comprehensive view of behavioral finance and its psychological foundations, as well as its applications to finance. Comprising contributed chapters written by distinguished authors from some of the most influential firms and universities in the world, Behavioral Finance provides a synthesis of the most essential elements of this discipline, including psychological concepts and behavioral biases, the behavioral aspects of asset pricing, asset allocation, and market prices, as well as investor behavior, corporate managerial behavior, and social influences. Uses a structured approach to put behavioral finance in perspective Relies on recent research findings to provide guidance through the maze of theories and concepts Discusses the impact of sub-optimal financial decisions on the efficiency of capital markets, personal wealth, and the performance of corporations Behavioral finance has quickly become part of mainstream finance. If you need to gain a better understanding of this topic, look no further than this book.

Author : Lucy F. Ackert,Richard Deaves
Publisher : South Western Educational Publishing
Page : 0 pages
File Size : 44,6 Mb
Release : 2010
Category : Investments
ISBN : 0538752866

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Behavioral Finance by Lucy F. Ackert,Richard Deaves Pdf

The book begins by building upon the established, conventional principles of finance that you've have already learned in your principles course. The authors then move into psychological principles of behavioral finance, including heuristics and biases, overconfidence, emotion and social forces. You immediately see how human behavior influences the decisions of individual investors and professional finance practitioners, managers, and markets. You also gain a strong understanding of how social forces impact individuals' choices. The book clearly explains what behavioral finance indicates about observed market outcomes as well as how psychological biases potentially impact the behavior of managers. The book's solid academic approach provides opportunities for you to utilize theory and complete applications in every chapter as you learn the implications of behavioral finance on retirement, pensions, education, debiasing, and client management. The book spends a significant amount of time examining how today's practitioners can use behavioral finance to further their professional success.

Author : Sachiyo Arai,Kazuhiro Kojima,Koji Mineshima,Daisuke Bekki,Ken Satoh,Yuiko Ohta
Publisher : Springer
Page : 425 pages
File Size : 49,6 Mb
Release : 2018-06-29
Category : Computers
ISBN : 9783319937946

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New Frontiers in Artificial Intelligence by Sachiyo Arai,Kazuhiro Kojima,Koji Mineshima,Daisuke Bekki,Ken Satoh,Yuiko Ohta Pdf

This book constitutes extended, revised and selected papers from the 9th International Symposium of Artificial Intelligence supported by the Japanese Society for Artificial Intelligence, JSAI-isAI 2017. It was held in November 2017 in Tokyo, Japan. The 22 papers were carefully selected from 109 submissions and are organized in sections on juris-informatics, skill science, artificial intelligence of and for business, logic and engineering of natural language semantics, argument for agreement and assurance, scientific document analysis, knowledge explication for industry.

Author : Sitabhra Sinha,Arnab Chatterjee,Anirban Chakraborti,Bikas K. Chakrabarti
Publisher : John Wiley & Sons
Page : 371 pages
File Size : 47,6 Mb
Release : 2010-12-06
Category : Science
ISBN : 9783527408153

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Econophysics by Sitabhra Sinha,Arnab Chatterjee,Anirban Chakraborti,Bikas K. Chakrabarti Pdf

Filling the gap for an up-to-date textbook in this relatively new interdisciplinary research field, this volume provides readers with a thorough and comprehensive introduction. Based on extensive teaching experience, it includes numerous worked examples and highlights in special biographical boxes some of the most outstanding personalities and their contributions to both physics and economics. The whole is rounded off by several appendices containing important background material.

Author : Taewoo Roh,Minwoo Lee,Byung Il Park
Publisher : Frontiers Media SA
Page : 258 pages
File Size : 53,5 Mb
Release : 2022-11-28
Category : Science
ISBN : 9782832507285

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Environmental, Social, and Corporate Governance and Sustainability by Taewoo Roh,Minwoo Lee,Byung Il Park Pdf

Author : Cheng-Few Lee,Min-Teh Yu
Publisher : Emerald Group Publishing
Page : 299 pages
File Size : 51,5 Mb
Release : 2024-04-04
Category : Business & Economics
ISBN : 9781837538669

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Advances in Pacific Basin Business, Economics and Finance by Cheng-Few Lee,Min-Teh Yu Pdf

Advances in Pacific Basin Business, Economics and Finance (APBBEF) is a peer-reviewed series designed to focus on interdisciplinary research in finance, economics, and management among Pacific Rim countries.

Author : Siew Ann Cheong,Takayuki Mizuno,Wei-Xing Zhou,Gabjin Oh,Anirban Chakraborti,Damien Challet
Publisher : Frontiers Media SA
Page : 341 pages
File Size : 43,9 Mb
Release : 2022-07-06
Category : Science
ISBN : 9782889765195

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From Physics to Econophysics and Back: Methods and Insights by Siew Ann Cheong,Takayuki Mizuno,Wei-Xing Zhou,Gabjin Oh,Anirban Chakraborti,Damien Challet Pdf