Foreign Portfolio Investors Before and during a Crisis:
Different categories of foreign portfolio investors in Korea have differences as well as similarities in their trading behavior before and during the currency crisis. First, non-resident institutional investors are always positive feedback traders, whereas resident investors were negative feedback (...
Gespeichert in:
| 1. Verfasser: | |
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| Weitere Verfasser: | |
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
1999
|
| Schriftenreihe: | OECD Economics Department Working Papers
|
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | Different categories of foreign portfolio investors in Korea have differences as well as similarities in their trading behavior before and during the currency crisis. First, non-resident institutional investors are always positive feedback traders, whereas resident investors were negative feedback (contrarian) traders before the crisis but switch to be positive feedback traders during the crisis. Second, individual investors herd significantly more than institutional investors. Non-resident (institutional as well individual) investors herd significantly more than their resident counterparts. Third, differences in the Western and Korean news coverage are correlated with differences in net selling by non-resident investors relative to resident investors ... |
| Beschreibung: | 1 Online-Ressource (29 Seiten) 21 x 29.7cm |
| DOI: | 10.1787/522265260065 |
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Datensatz im Suchindex
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| index_date | 2024-07-03T19:34:59Z |
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| spelling | Kim, Woochan Verfasser aut Foreign Portfolio Investors Before and during a Crisis Woochan Kim and Shang-Jin Wei Paris OECD Publishing 1999 1 Online-Ressource (29 Seiten) 21 x 29.7cm txt rdacontent c rdamedia cr rdacarrier OECD Economics Department Working Papers Different categories of foreign portfolio investors in Korea have differences as well as similarities in their trading behavior before and during the currency crisis. First, non-resident institutional investors are always positive feedback traders, whereas resident investors were negative feedback (contrarian) traders before the crisis but switch to be positive feedback traders during the crisis. Second, individual investors herd significantly more than institutional investors. Non-resident (institutional as well individual) investors herd significantly more than their resident counterparts. Third, differences in the Western and Korean news coverage are correlated with differences in net selling by non-resident investors relative to resident investors ... Economics Wei, Shang-Jin ctb https://doi.org/10.1787/522265260065 Verlag kostenfrei Volltext |
| spellingShingle | Kim, Woochan Foreign Portfolio Investors Before and during a Crisis Economics |
| title | Foreign Portfolio Investors Before and during a Crisis |
| title_auth | Foreign Portfolio Investors Before and during a Crisis |
| title_exact_search | Foreign Portfolio Investors Before and during a Crisis |
| title_exact_search_txtP | Foreign Portfolio Investors Before and during a Crisis |
| title_full | Foreign Portfolio Investors Before and during a Crisis Woochan Kim and Shang-Jin Wei |
| title_fullStr | Foreign Portfolio Investors Before and during a Crisis Woochan Kim and Shang-Jin Wei |
| title_full_unstemmed | Foreign Portfolio Investors Before and during a Crisis Woochan Kim and Shang-Jin Wei |
| title_short | Foreign Portfolio Investors Before and during a Crisis |
| title_sort | foreign portfolio investors before and during a crisis |
| topic | Economics |
| topic_facet | Economics |
| url | https://doi.org/10.1787/522265260065 |
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