The effect of rating agencies on herd behaviour
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comunitat-uji-handle2:10234/8643
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http://dx.doi.org/10.1007/s11403-013-0114-0 |
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Title
The effect of rating agencies on herd behaviourDate
2014-04Publisher
Springer Berlin HeidelbergISSN
1860-711XType
info:eu-repo/semantics/articlePublisher version
http://link.springer.com/article/10.1007/s11403-013-0114-0Subject
Abstract
This paper purports to provide some evidence on the effect of rating agencies in financial markets. By means of a laboratory experiment, we investigate the effect and interaction between private and public information. ... [+]
This paper purports to provide some evidence on the effect of rating agencies in financial markets. By means of a laboratory experiment, we investigate the effect and interaction between private and public information. We reached two conclusions: (1) indeed, the rating agency can speed up price convergence, (2) but not always to the fundamental price. [-]
Is part of
Journal of Economic Interaction and Coordination, vol. 9, n. 1, p. 107-127Rights
© Springer-Verlag Berlin Heidelberg 2013
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http://rightsstatements.org/vocab/InC/1.0/
info:eu-repo/semantics/restrictedAccess
This item appears in the folowing collection(s)
- ECO_Articles [693]