Institutional investors and stock market volatility

Institutional investors and stock market vola ...
Xavier Gabaix
Not in Library

My Reading Lists:

Create a new list

Check-In

×Close
Add an optional check-in date. Check-in dates are used to track yearly reading goals.
Today


Buy this book

Last edited by MARC Bot
December 13, 2020 | History

Institutional investors and stock market volatility

"We present a theory of excess stock market volatility, in which market movements are due to trades by very large institutional investors in relatively illiquid markets. Such trades generate significant spikes in returns and volume, even in the absence of important news about fundamentals. We derive the optimal trading behavior of these investors, which allows us to provide a unified explanation for apparently disconnected empirical regularities in returns, trading volume and investor size"--National Bureau of Economic Research web site.

Publish Date
Language
English

Buy this book

Edition Availability
Cover of: Institutional investors and stock market volatility
Institutional investors and stock market volatility
2005, National Bureau of Economic Research
Electronic resource in English

Add another edition?

Book Details


Edition Notes

Also available in print.
Includes bibliographical references.
Title from PDF file as viewed on 11/18/2005.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.

Published in
Cambridge, MA
Series
NBER working paper series ;, working paper 11722, Working paper series (National Bureau of Economic Research : Online) ;, working paper no. 11722.

Classifications

Library of Congress
HB1

The Physical Object

Format
Electronic resource

ID Numbers

Open Library
OL3479421M
LCCN
2005620771

Community Reviews (0)

Feedback?
No community reviews have been submitted for this work.

Lists

This work does not appear on any lists.

History

Download catalog record: RDF / JSON / OPDS | Wikipedia citation
December 13, 2020 Edited by MARC Bot import existing book
August 4, 2012 Edited by VacuumBot Updated format '[electronic resource] /' to 'Electronic resource'
October 31, 2008 Edited by ImportBot add URIs from original MARC record
April 1, 2008 Created by an anonymous user Imported from Scriblio MARC record