Herd behavior in the securities market is the phenomenon that the investors, facing uncertain circumstance, neglect their information and follow someone else.
证券市场羊群行为是指投资者在面临不确定的信息环境时,忽略自己的私有信息,而模仿他人决策。
All kinds of abnormalities are concerned on stock market in the foreign financial documents these years, such as January effect, disposition effect, momentum effect, herd behavior.
近年来,国外财务学界的研究文献大量地关注证券市场的各种异常,如一月效应、处置效应、动量效应、羊群行为等等。
The herd behavior of investors will disturb stock prices, which affects the stability of the stock market.
证券市场上投资者的羊群行为会使股价发生波动,影响证券市场的稳定。
This paper extends the object of study to general managers. The mechanism of managerial herd behavior is analyzed and the payment contract to avoid this behavior is designed and discussed.
本文将研究对象拓展至一般企业经理人,分析经理人羊群行为的发生机制,并讨论规避此行为的报酬合约设计。
This paper also analyzes the cause of Herd behavior, points out communication in the crowd will make information cascade, then cause the behavior of mass investors converge.
本文还分析了投资者羊群行为的成因,指出人群中的沟通会使信息传递出现串联,从而导致投资者群体行为发生收敛。
The change of manager's payoff structure is an important factor that changes his herd behavior.
管理者支付结构变化是改变管理者从众行为的重要因素。
Based on the research survey of the herd behavior in security markets, the author empirically studies the herd behavior in China stock market and theoretically analyzes the occurrence mechanism of it.
本文主要在对证券市场羊群行为研究现状进行综述的基础上,对中国股票市场上的羊群效应进行实证研究并对其发生机制进行理论分析。
Asymmetric market information and the irrational behavior subjects cause herd behavior in the partner-selection of the alliance.
市场信息的不对称性以及决策者的非理性,导致联盟合作伙伴选择的羊群行为。
The article mainly divides into three parts to discuss the microcosmic mechanism of investors' herd behavior and cellular automaton simulation.
文章主要分为三个部分来讨论羊群行为的微观机理与元胞自动机模拟。
Instead, a herd behavior allowed rampant speculation, which the report alleges, most likely contributed to last year's soaring food prices.
报告称,在羊群效应下,投机行为猖獗,进而造成去年食品价格的飙升。
The results indicate that even if every investor is full rational, the herd behavior of investors may result in the bounded rationality of group trading.
研究结论表明,虽然每个投资者完全理性,但羊群行为可能导致投资者表现出群体的有限理性。
Herd behavior has an impact on present stock return, buy-herding behavior lead to the positive abnormal return, and sell-herding behavior results negative abnormal return.
基金羊群行为对股票当期收益存在显著影响,买入羊群行为使股票出现正超额收益,卖出羊群行为使股票出现负超额收益。
The emergence of the theory of financial market micro-setup and behavior-finance has aroused extensive focus on the herd effect in securities market.
金融市场微观结构理论和行为金融学的兴起引起了人们对证券市场羊群效应的广泛关注。
Dual dispersing blades run simultaneously, which can mitigate herd behavior of materials following the move of dispersing blades and therefore enhance the dispersing effect and output quality.
双叶轮同时进行固液相分散,能有效的减弱物料的随动现象,提高分散效果和产品质量。
Dual dispersing blades run simultaneously, which can mitigate herd behavior of materials following the move of dispersing blades and therefore enhance the dispersing effect and output quality.
双叶轮同时进行固液相分散,能有效的减弱物料的随动现象,提高分散效果和产品质量。
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