The sustainability of stock price fluctuations: Explanation from a recursive dynamic model.

The sustainability of stock price fluctuations indicated by many empirical studies hardly reconciles with the existing models in standard financial theories. This paper proposes a recursive dynamic asset pricing model based on the comprehensive impact of the sentiment investor, the information trade...

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Autores principales: Jun Xie, Wenqian Xia, Bin Gao
Formato: article
Lenguaje:EN
Publicado: Public Library of Science (PLoS) 2021
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Acceso en línea:https://doaj.org/article/e3a0fbfe013c444186727c5d7d12f462
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