کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
5075546 1373920 2009 18 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Psychological barriers in European stock markets: Where are they?
موضوعات مرتبط
علوم انسانی و اجتماعی مدیریت، کسب و کار و حسابداری کسب و کار و مدیریت بین المللی
پیش نمایش صفحه اول مقاله
Psychological barriers in European stock markets: Where are they?
چکیده انگلیسی
We examine four European stock indices and the prices of eight major German stocks for indications of psychological barriers. The frequency, (expected) returns, intraday volatility and trading volume of these assets are studied contingent on whether the prices lie within a certain range around round numbers. Our results indicate that psychological barriers do not exist on a consistent basis. It seems that some barriers have disappeared after these anomalies have been published. This discovery is consistent with current literature findings about disappearing stock market anomalies.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Global Finance Journal - Volume 19, Issue 3, 2009, Pages 268-285
نویسندگان
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