政大機構典藏-National Chengchi University Institutional Repository(NCCUR):Item 140.119/75224

English | 正體中文 | 简体中文 | Post-Print筆數 : 27 | Items with full text/Total items : 110119/141062 (78%)
Visitors : 46509252 Online Users : 496

RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.

Home ‧ Login ‧ Upload ‧ Help ‧ About ‧ Administer

政大機構典藏 > 商學院 > 國際經營與貿易學系 > 期刊論文 > Item 140.119/75224

Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/75224

Title:	Strategy switching in the Japanese stock market
Authors:	Yamamoto, Ryuichi;Hirata, Hirata H. 山本竜市
Contributors:	國貿系
Keywords:	Strategy switching;Agent-based modeling;Survey data;Expectations;Japanese stock market
Date:	2013-10
Issue Date:	2015-05-21 15:59:49 (UTC+8)
Abstract:	This paper investigates the expectation formation process of Japanese stock market professionals. By utilizing a monthly forecast survey dataset on the TOPIX distributed by QUICK Corporation, we sort forecasters into buy-side and sell-side professionals. We empirically demonstrate that the buy-side and sell-side professionals use either fundamental or trend-following strategies throughout their expectation formation processes and that they switch between fundamental and trend-following strategies over time. We also discuss that strategy switching can be key in understanding the persistent deviation of the TOPIX from the fundamentals. © 2013 Elsevier B.V.
Relation:	Journal of Economic Dynamics and Control, 37(10), 2010-2022
Data Type:	article
DOI 連結:	http://dx.doi.org/10.1016/j.jedc.2013.05.006
DOI:	10.1016/j.jedc.2013.05.006
Appears in Collections:	[國際經營與貿易學系 ] 期刊論文

Files in This Item:

File	Description	Size	Format
2010-2022.pdf		447Kb	Adobe PDF2	653	View/Open

社群 sharing

著作權政策宣告 Copyright Announcement

1.本網站之數位內容為國立政治大學所收錄之機構典藏，無償提供學術研究與公眾教育等公益性使用，惟仍請適度，合理使用本網站之內容，以尊重著作權人之權益。商業上之利用，則請先取得著作權人之授權。
The digital content of this website is part of National Chengchi University Institutional Repository. It provides free access to academic research and public education for non-commercial use. Please utilize it in a proper and reasonable manner and respect the rights of copyright owners. For commercial use, please obtain authorization from the copyright owner in advance.

2.本網站之製作，已盡力防止侵害著作權人之權益，如仍發現本網站之數位內容有侵害著作權人權益情事者，請權利人通知本網站維護人員(nccur@nccu.edu.tw)，維護人員將立即採取移除該數位著作等補救措施。
NCCU Institutional Repository is made to protect the interests of copyright owners. If you believe that any material on the website infringes copyright, please contact our staff(nccur@nccu.edu.tw). We will remove the work from the repository and investigate your claim.

Loading...