Portfolio Insurance and Financial Market Equilibrium

1989 ◽  
Vol 62 (4) ◽  
pp. 455 ◽  
Author(s):  
Michael J. Brennan ◽  
Eduardo S. Schwartz
Keyword(s):  
Financial Market ◽  
Market Equilibrium ◽  
Portfolio Insurance

Large Shareholder Activism, Risk Sharing, and Financial Market Equilibrium

1994 ◽  
Vol 102 (6) ◽  
pp. 1097-1130 ◽  
Author(s):  
Anat R. Admati ◽  
Paul Pfleiderer ◽  
Josef Zechner
Keyword(s):  
Financial Market ◽  
Risk Sharing ◽  
Market Equilibrium ◽  
Shareholder Activism ◽  
Large Shareholder

scholarly journals Behavioural Present Value Defined as Fuzzy Number – a New Approach

2015 ◽  
Vol 15 (2) ◽  
pp. 27-41 ◽  
Author(s):  
Krzysztof Piasecki ◽  
Joanna Siwek
Keyword(s):  
Financial Market ◽  
Fuzzy Number ◽  
Formal Model ◽  
Market Equilibrium ◽  
Present Value ◽  
New Approach ◽  
Behavioural Factors ◽  
The Impact ◽  
Numerical Case Study

Abstract The behavioural present value is defined as a fuzzy number assessed under the impact of chosen behavioural factors. The first formal model turned out to be burdened with some formal defects which are finally corrected in the presented article. In this way a new modified formal model of a behavioural present value is obtained. New model of the behavioural present value is used to explain the phenomenon of market equilibrium on the efficient financial market remaining in the state of financial imbalance. These considerations are illustrated by means of extensive numerical case study.

Testing Financial Market Equilibrium under Asymmetric Information

1992 ◽  
Vol 100 (2) ◽  
pp. 317-348 ◽  
Author(s):  
Robert H. Litzenberger ◽  
Vicente Madrigal
Keyword(s):  
Asymmetric Information ◽  
Financial Market ◽  
Market Equilibrium

scholarly journals Performance of American and Russian joint stock companies on financial market. A microstructure perspective

Equilibrium ◽  
2016 ◽  
Vol 11 (4) ◽  
pp. 819 ◽  
Author(s):  
Magdalena Osińska ◽  
Andrzej Dobrzyński ◽  
Yochanan Shachmurove
Keyword(s):  
Financial Markets ◽  
Financial Market ◽  
Market Microstructure ◽  
Stock Exchange ◽  
Market Equilibrium ◽  
Economic Sanctions ◽  
Transmission Mechanism ◽  
Before And After ◽  
Ukrainian Crisis ◽  
The U.S

This paper compares the periods before and after the Ukrainian crisis of 2014 from the perspective of market microstructure. The hypothesis is that the crisis influenced the fragile Russian financial market equilibrium. As financial markets adapt to the new equilibrium, the paper studies the effects of the crisis and the imposition of economic sanctions on Russia in terms of volatility, duration, prices and volume for selected joint stock companies listed on the U.S. and the Russian stock markets. Results reveal that the Moscow Stock exchange lacks an appropriate transmission mechanism from informed investors to the rest of the market.

Sunshine Trading and Financial Market Equilibrium

1991 ◽  
Vol 4 (3) ◽  
pp. 443-481 ◽  
Author(s):  
Anat R. Admanti ◽  
Paul Pfleiderer
Keyword(s):  
Financial Market ◽  
Market Equilibrium
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