Correlated Beliefs, Returns, and Stock Market Volatility
收藏NBER2015-08-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w21480
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资源简介：
Firm-level stock returns exhibit comovement above that in fundamentals, and the gap tends to be higher in developing countries. We investigate whether correlated beliefs among sophisticated, but imperfectly informed, traders can account for the patterns of return correlations across countries. We
提供机构：
美国国家经济研究局
创建时间：
2015-08-01
