Who Moves Stock Prices? Monthly Evidence

Ødegaard, Bernt Arne

doi:10.2139/ssrn.965368

SSRN Journal

2008

DOI: 10.2139/ssrn.965368

|View full text |Cite

Who Moves Stock Prices? Monthly Evidence

Bernt Arne Ødegaard

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...

Citation Types

Supporting

Mentioning

Contrasting

Year Published

2011

2018

Publication Types

Select...

Article4

Relationship

Self Cite1

Independent3

Authors

Journals

Cited by 4 publications

(2 citation statements)

References 46 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…13 13 More details about these data can be found in, for example, Bøhren and Ødegaard (2001, 2006) and Ødegaard (2009). …”

mentioning

confidence: 99%

Stock Market Liquidity and the Business Cycle

Næs¹,

Skjeltorp²,

Ødegaard

2011

The Journal of Finance

Self Cite

336

View full text Add to dashboard Cite

In the recent financial crisis we saw liquidity in the stock market drying up as a precursor to the crisis in the real economy. We show that such effects are not new; in fact, we find a strong relation between stock market liquidity and the business cycle. We also show that investors' portfolio compositions change with the business cycle and that investor participation is related to market liquidity. This suggests that systematic liquidity variation is related to a "flight to quality" during economic downturns. Overall, our results provide a new explanation for the observed commonality in liquidity.

show abstract

“…13 13 More details about these data can be found in, for example, Bøhren and Ødegaard (2001, 2006) and Ødegaard (2009). …”

mentioning

confidence: 99%

Stock Market Liquidity and the Business Cycle

Næs¹,

Skjeltorp²,

Ødegaard

2011

The Journal of Finance

Self Cite

336

View full text Add to dashboard Cite

show abstract

“…4.Odegaard (2007) also provide a review on theories.…”

mentioning

confidence: 99%

What Drives the Stock Market Return in India? An Exploration with Dynamic Factor Model

Mukherjee

Roy

2016

Journal of Emerging Market Finance

View full text Add to dashboard Cite

In this article, we examine the role of the institutional investors, both domestic and foreign, in driving the return on the Indian equity market in the last decade. An attempt is made to identify the influence of other possible determinants, more specifically domestic and international financial variables, on the market returns as well. Whether there is a change in the relationship is also studied. The results uncover some interesting facts. First, there is evidence of institutional investors driving the market return after 2008, though it did not have any impact before 2008. Second, the return is significantly led by the movement of interest rates within and outside the country for the entire decade. Third, most of the major and emerging stock markets and the US market also have significant influence on Indian equity market return. Fourth, gold return used to affect the equity market return in pre-2008 years, but it ceased to do so after 2008. The results show that the determinants of the Indian equity market return have changed after the recent economic crisis of 2008. JEL Classification: C53, G11, G21, F32

show abstract

The Nature and Determinants of Investments by Institutional Investors in the Indian Stock Market

Mukherjee

Roy

2011

Journal of Emerging Market Finance

View full text Add to dashboard Cite

In India, the recent unprecedented rise in the capital market index is attributed to institutional investors like foreign institutional investors (FIIs) and domestic mutual funds. The nature of investments by FIIs has been examined in the literature, but that of mutual funds remains unexplored. This article tries to identify the possible determinants of the investment decision of mutual funds and compares the nature and determinants of their investment decisions to that of the FIIs. One of the most interesting findings is that mutual funds influence the decision of FIIs when they invest in equity and FIIs do exactly opposite to what mutual funds do. However, they both track international interest rates. Another remarkable finding suggests that mutual funds are more cautious when they invest in debt compared to equity. They look at so many factors in case of debt investment, but do not even look at the market return when they invest in equity.

show abstract

scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.

Contact Info

customersupport@researchsolutions.com

10624 S. Eastern Ave., Ste. A-614

Henderson, NV 89052, USA

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Blog Terms and Conditions API Terms Privacy Policy Contact Cookie Preferences Do Not Sell or Share My Personal Information

Made with 💙 for researchers

Part of the Research Solutions Family.

Who Moves Stock Prices? Monthly Evidence

Cited by 4 publications

References 46 publications

Stock Market Liquidity and the Business Cycle

Stock Market Liquidity and the Business Cycle

What Drives the Stock Market Return in India? An Exploration with Dynamic Factor Model

The Nature and Determinants of Investments by Institutional Investors in the Indian Stock Market

Contact Info

Product

Resources

About