عنوان انگلیسی مقاله:

Investor Attention to Market Categories and Market Volatility: The Case of Emerging Markets

ترجمه عنوان مقاله: توجه سرمایه گذاران به رده های بازار و نوسانات بازار: مطالعه موردی بازارهای نوظهور

رشته: مالی

سال انتشار: 2017

تعداد صفحات مقاله انگلیسی: 25 صفحه

منبع: ساینس دایرکت

نوع فایل: pdf

http://modir123.com/photo%20site/D-modir123.com%20_2_.png دانلود رایگان مقاله

 

چکیده مقاله

This paper examines the impact of investor attention on stock market and FX market volatility in emerging economies using newly constructed innovative attention proxies that capture the full spectrum of the dynamics of the information processing stages. Our results show that the new practical proxies are better at capturing the complex nature of investor attention to market categories. We find that investor attention explains stock market volatility and shocks to attention but not FX market volatility in emerging markets. Thus, the emerging stock market, an important segment of the global equity market, is particularly sensitive to changes to investor attention.

Keywords: category-learning, investor attention, volatility, emerging markets JEL Classification

http://modir3-3.ir/images/%D8%B3%D9%81%D8%A7%D8%B1%D8%B4%20%D8%AA%D8%B1%D8%AC%D9%85%D9%87%20%D9%BE%D8%A7%DB%8C%D8%A7%D9%86%20%D9%86%D8%A7%D9%85%D9%87.png

مطالب مرتبط