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Analysis of the Korean Stock Market: Behavioral Finance Approaches.

Analysis of the Korean Stock Market: Behavioral Finance Approaches. 韓国株式市場分析-行動ファイナンスのアプローチ-

・ISBN 978-981-3236-75-2 hard US$ 105.00

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電子版あり 大学・学術機関向け電子ブック(eBook)ISBN 978-981-3236-76-9

著者・編者Kim, Keunsoo / Byun, Jinho,
出版社(World Scientific, SI)
出版年月2018
ページ数220 pp.
言語ENG
ニュース番号<645-453 645-L551>

解説

The Korean stock market, ranked 11th in the world in terms of market capitalization of stocks in 2017, is a globalized market. Foreign investors hold close to one-third of stocks listed on the Korea Exchange (KRX) as of May 2017 (in terms of market capitalization). The US and the UK alone account for almost 50% of foreign ownership in the KRX.Research or information on the Korean stock market, however, is not well known to the domestic or the global investment communities. There are minimal investment studies that deal with practical issues from the perspective of investment analysts. This volume bridges the academic and investment communities by providing analyses of the Korean stock market that contain practical values.This book comprehensively analyzes anomalies in the Korean stock market, including time series anomalies such as the January effect, cross-sectional anomalies such as the size effect and book-to-market effect, and anomalies related to corporate events. The authors also investigate sales revenue, profitability, valuation (M/B ratio), and the financial risk of listed companies in the Korean stock market at both the sectoral level and industrial level.As the study uses a comprehensive data set and long-term sample period, readers can benefit from consistent and comparable empirical results.