With the spread of market sentiment global economic recession, favors hedging varieties such as gold and agricultural products. This paper seeks to investigate explanations corn futures price movements from perspective investor attention. We employ a time series autoregressive model (VAR) analyze relationship between them. Empirical results indicate that attention is Granger cause changes in pr...

Belirli bir içsel değeri bulunmayan ve fiyatı ekonomik temellerle tahmin edilemeyen kripto paraların spekülasyona açık oldukları fiyatlarının davranışsal birtakım faktörler tarafından yürütüldüğü görüşü giderek yaygınlık kazanmaktadır. Söz konusu özelliklerin piyasada yüksek volatilite belirsizliğin yanı sıra balon oluşumlarını da tetiklediği düşünülmektedir. Bu varsayımı test etmek üzere altı ...

Using a new measure of shareholder inattention constructed from exogenous industry shocks to institutional investor portfolios, we find that firms with distracted shareholders are associated higher cost debt. This effect is stronger for more powerful CEOs, information asymmetry, and those operating in less competitive product markets. Further testing suggests the inattention-cost debt relation ...

This paper devotes a first and direct attention on the feedback trading behaviors of one of the largest investor populations in the world. Using a unique data set of historical stock transaction, we examine cross-sectional and time-varying buy-sell activities of Chinese investor as a function of a series of stock returns in past. The time-horizons over which investors trade in response to retur...