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Stock Market Crisis - Evidence of Speculative Behaviour


Marketed By :  LAP LAMBERT Academic Publishing   Sold By :  Kamal Books International  
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  • Product Description

A crisis in the stock market may severally affect the redistribution of wealth and reallocation of resources. The role of speculative behaviour in creating the crisis has been prominently studied. Speculative trading, reflected in the existence of price bubbles, drives market inefficiency which ultimately results a market failure. Studies on price bubbles are, generally working under efficient market condition and using firm fundamental value as a basis. In this book, instead of fundamental value, the investors’ financial capability to sustain the bubbles will be applied as constraint in maintaining the bubbles. This later approach may go beyond the efficient market concept. The stock market crisis model developed in this book is designed within two basic factors affecting the crash: (1) the behaviour of the investors and; (2) the investors’ debt paying ability as a measurement of capability to maintain the bubbles. The misperception risk is embedded in the speculative behaviour. The empirical testing indicates that the stock market crash in Indonesia capital market were affected by the two factors above.

Product Specifications
SKU :COC58743
AuthorSoemarso Slamet Rahardjo
Number of Pages244
Publishing Year19.12.2014
Edition1 st
Book TypeBanking & finance: study & revision guides
Country of ManufactureIndia
Product BrandLAP LAMBERT Academic Publishing
Product Packaging InfoBox
In The Box1 Piece
Product First Available On ClickOnCare.com2015-08-05 00:00:00