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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w2684 |
来源ID | Working Paper 2684 |
Investor Behavior in the October 1987 Stock Market Crash: The Case of Japan | |
Robert J. Shiller; Fumiko Kon-Ya; Yoshiro Tsutsui | |
发表日期 | 1988-08-01 |
出版年 | 1988 |
语种 | 英语 |
摘要 | In a questionnaire survey we asked Japanese institutional investors to recall what they thought and did during the worldwide stock market crash in October, 1987. The results confirm that the drop in U. S. stock prices was the primary factor on their minds, and other news stories in the United States dominated Japanese news stories. A comparison with an earlier survey of U. 5. institutional investors at the time of the crash (Shiller [1987])shows a remarkable similarity between Japanese and U. S. institutional investors in a number of attitudinal and behavioral dimensions. The results suggest that events in the United States were the proximate cause of the crash in Japan, but that the transmission mechanism of the crash was very similar in both countries. |
主题 | Macroeconomics |
URL | https://www.nber.org/papers/w2684 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/559943 |
推荐引用方式 GB/T 7714 | Robert J. Shiller,Fumiko Kon-Ya,Yoshiro Tsutsui. Investor Behavior in the October 1987 Stock Market Crash: The Case of Japan. 1988. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
w2684.pdf(207KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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