Add to ORKGMany have put forth reasons why the stock market has climbed to new and unprecedented heights. Two reasons are examined: (1) investors are expecting prices to increase and are bidding up price irrationally; (2) investors have moved to a long-term strategy and are requiring a lower risk premium. For the latter reason, the rise in stock prices is due to a change in the fundamentals, and for the former reason the rise represents the classical bubble. The evidence indicates that risk preferences have changed while price momentum does not appear during bubble periods
The history of the stock market is full of events striking enough to earn their own names: the Great...
This paper characterizes systematic risk stemming from the possible occurrence of price bubbles and ...
Using a dynamic version of the present value model and a range of developed and Asian emerging marke...
Many have put forth reasons why the stock market has climbed to new and unprecedented heights. Two r...
Through my research design, I will derive a trend of the average price of the S&P 500 for the past 1...
While many economists define a bubble as a deviation from stock market fundamentals, Charles Kindl...
This thesis investigates ten markets: U.S., U.K., Hong Kong, Japan Singapore, Malaysia, South Korea,...
This paper presents an equity market where the value of a new technology is infrequently observable ...
Some observers have argued that the run-up in the Standard & Poor's 500 stock price index during the...
A speculative bubble is usually defined as the difference between the market value of a security and...
In recent years, a sharp divergence of London Stock Exchange equity prices from dividends has been n...
Economic bubbles are playing an increasingly significant role in the current global economy. We beli...
Building on recent developments in behavioral asset pricing, we develop a model in which an increase...
Building on recent developments in behavioral asset pricing, we develop a model in which an increase...
The paper will investigate the possibility of the formation of a speculative bubble in the U.S. stoc...
The history of the stock market is full of events striking enough to earn their own names: the Great...
This paper characterizes systematic risk stemming from the possible occurrence of price bubbles and ...
Using a dynamic version of the present value model and a range of developed and Asian emerging marke...
Many have put forth reasons why the stock market has climbed to new and unprecedented heights. Two r...
Through my research design, I will derive a trend of the average price of the S&P 500 for the past 1...
While many economists define a bubble as a deviation from stock market fundamentals, Charles Kindl...
This thesis investigates ten markets: U.S., U.K., Hong Kong, Japan Singapore, Malaysia, South Korea,...
This paper presents an equity market where the value of a new technology is infrequently observable ...
Some observers have argued that the run-up in the Standard & Poor's 500 stock price index during the...
A speculative bubble is usually defined as the difference between the market value of a security and...
In recent years, a sharp divergence of London Stock Exchange equity prices from dividends has been n...
Economic bubbles are playing an increasingly significant role in the current global economy. We beli...
Building on recent developments in behavioral asset pricing, we develop a model in which an increase...
Building on recent developments in behavioral asset pricing, we develop a model in which an increase...
The paper will investigate the possibility of the formation of a speculative bubble in the U.S. stoc...
The history of the stock market is full of events striking enough to earn their own names: the Great...
This paper characterizes systematic risk stemming from the possible occurrence of price bubbles and ...
Using a dynamic version of the present value model and a range of developed and Asian emerging marke...