کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5054661 1476533 2013 7 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Determinants of stock price bubbles
ترجمه فارسی عنوان
تعیین کننده حباب قیمت سهام
کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
چکیده انگلیسی
In this paper we propose a cross-sectional model of the determinants of asset price bubbles. Using 589 firms listed on the NYSE, we find conclusive evidence that trading volume and share price volatility have statistically significant effects on asset price bubbles. However, evidence from sector-based stocks is mixed. We find that for firms belonging to electricity, energy, financial, and banking sectors, and for the smallest size firms, trading volume has a statistically significant and positive effect on bubbles. We do not discover any robust evidence of a statistically significant effect of share price volatility on bubbles at the sector-level.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Economic Modelling - Volume 35, September 2013, Pages 661-667
نویسندگان
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