The Intellectuals in Contemporary Europe: Between Conformism and Non-Conformism
نویسندگان
چکیده
منابع مشابه
The Price of Conformism∗
There is ample evidence that institutional investors herd. Does this behavior affect asset prices? We formulate a simple theory of institutional conformism, which predicts that assets that have been persistently bought (sold) by institutions are overpriced (underpriced) and will perform poorly (well) in the longer term. Our prediction is tested with data on US institutional onwership from 1983 ...
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Studies dealing with the economic and social function of the nonprofit enterprise can be traced back into two major strands of literature. The first emphasises the peculiar failures – mainly median voter and asymmetry of information of both the political and the market system in the provision of public or welfare goods (respectively Weisbrod, 1988; Hansmann, 1980), thus arguing for the necessit...
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ژورنال
عنوان ژورنال: Applied Economics and Finance
سال: 2016
ISSN: 2332-7308,2332-7294
DOI: 10.11114/aef.v3i4.1648