Bookcover of Stock Market Crisis - Evidence of Speculative Behaviour
Booktitle:

Stock Market Crisis - Evidence of Speculative Behaviour

A Study about Misperception and Debt Paying Ability in Determining Stock Market Crash

LAP LAMBERT Academic Publishing (2014-12-19 )

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ISBN-13:

978-3-659-64887-8

ISBN-10:
3659648876
EAN:
9783659648878
Book language:
English
Blurb/Shorttext:
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.
Publishing house:
LAP LAMBERT Academic Publishing
Website:
https://www.lap-publishing.com/
By (author) :
Soemarso Slamet Rahardjo
Number of pages:
244
Published on:
2014-12-19
Stock:
Available
Category:
Money, Bank, Stock exchange
Price:
41.90 €
Keywords:
Capital Market, demand model, Financial Crisis, Investment Decision, Pricing Model, Speculation, Market crash, Market crisis, Payment default

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