DC Field | Value | Language |
---|---|---|
dc.contributor.advisor | Lee, In Moo | - |
dc.contributor.advisor | 이인무 | - |
dc.contributor.author | KIM, DONGHAN | - |
dc.contributor.author | 김동한 | - |
dc.date.accessioned | 2018-05-23T19:31:34Z | - |
dc.date.available | 2018-05-23T19:31:34Z | - |
dc.date.issued | 2017 | - |
dc.identifier.uri | http://library.kaist.ac.kr/search/detail/view.do?bibCtrlNo=719365&flag=dissertation | en_US |
dc.identifier.uri | http://hdl.handle.net/10203/241657 | - |
dc.description | 학위논문(박사) - 한국과학기술원 : 경영공학부, 2017.8,[iv, 130 p. :] | - |
dc.description.abstract | This thesis provides a comprehensive analysis of (institutional) investors' trading motivation and its impacts on financial markets including the stock and options markets. The first chapter investigates the potential for informed investors' price manipulation with options prior to seasoned equity offerings (SEOs). To the extant, the second chapter provides evidence on informed trading in the options market prior to SEOs and its heterogeneous return predictability over different investment horizon with respect to options' time-to-expiration. Finally, the third chapter identifies the heterogeneity among short-term institutional investors by fund concentration, one who contributes to market informativeness and the other who herds and erodes market stability. This thesis is expected to contribute to understanding the role of (institutional) investors in financial markets, especially, of which multi-market trading is available around the important corporate event. | - |
dc.language | eng | - |
dc.publisher | 한국과학기술원 | - |
dc.subject | 옵션▼a기업재무▼a유상증자▼a주가조 | - |
dc.subject | 시장 미시구조▼a기관 투자자▼a투자기간▼a투자 집중도▼a시장 정보성▼a시장 안정성 | - |
dc.subject | option▼acorporate finance▼aseasoned equity offering▼amarket manipulation▼amarket microstructure▼ainstitutional investor▼ainvestment horizon▼afund concentration▼amarket informativeness▼amarket stability | - |
dc.title | Three essays on investors' trading motivation | - |
dc.title.alternative | 투자자의 금융거래 동기에 관한 연구 | - |
dc.type | Thesis(Ph.D) | - |
dc.identifier.CNRN | 325007 | - |
dc.description.department | 한국과학기술원 :경영공학부, | - |
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