https://scholars.lib.ntu.edu.tw/handle/123456789/414542
DC 欄位 | 值 | 語言 |
---|---|---|
dc.contributor.author | Sandy LAI | en_US |
dc.contributor.author | Ng, Lilian | en_US |
dc.contributor.author | Zhang, Bohui | en_US |
dc.creator | Zhang, Bohui;Ng, Lilian;Sandy LAI | - |
dc.date.accessioned | 2019-07-23T03:42:24Z | - |
dc.date.available | 2019-07-23T03:42:24Z | - |
dc.date.issued | 2014-01-01 | - |
dc.identifier.issn | 0304405X | - |
dc.identifier.uri | https://scholars.lib.ntu.edu.tw/handle/123456789/414542 | - |
dc.description.abstract | © 2014 Elsevier B.V. This study examines the empirical controversy over the pricing effect of the Easley, Hvidkjaer, and O[U+05F3]Hara (2002) probability of information-based trading, PIN, on a sample of 30,095 firms from 47 countries worldwide. Contrary to the empirical evidence of Easley, Hvidkjaer, and O[U+05F3]Hara, but consistent with that of Duarte and Young (2009), we do not find that PIN exhibits a positive effect on a cross section of expected stock returns in international markets. Alternative information-based trading measures also display no effect on expected stock returns, corroborating our finding that information risk proxied by PIN, in general, has no pricing effect in world markets. | en_US |
dc.publisher | ELSEVIER SCIENCE SA | en_US |
dc.relation.ispartof | Journal of Financial Economics | en_US |
dc.subject | Asset pricing | Information risk | International markets | PIN | en_US |
dc.title | Does PIN affect equity prices around the world? | en_US |
dc.type | journal article | en |
dc.identifier.doi | https://api.elsevier.com/content/abstract/scopus_id/84921361847 | - |
dc.identifier.doi | 10.1016/j.jfineco.2014.06.005 | - |
dc.identifier.scopus | 2-s2.0-84921361847 | - |
dc.identifier.isi | WOS:000342475700009 | - |
dc.relation.pages | 178 | en_US |
dc.relation.journalvolume | 114 | en_US |
dc.relation.journalissue | 1 | en_US |
dc.relation.pageend | 195 | en_US |
item.fulltext | no fulltext | - |
item.openairetype | journal article | - |
item.openairecristype | http://purl.org/coar/resource_type/c_6501 | - |
item.grantfulltext | none | - |
item.cerifentitytype | Publications | - |
crisitem.author.dept | Finance | - |
crisitem.author.parentorg | College of Management | - |
顯示於: | 財務金融學系 |
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