FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W2140550281> ?p ?o ?g. }

• W2140550281 abstract "This paper is part of a larger research program pertaining to the role of derivatives during financial crisis and also part of the research pertaining to the causes of the Asian financial crisis. The Korean market is studied because of two reasons: (1) it is a representative example of the Asian financial meltdown and (2) there is a detailed data set available of all transactions by different types of protagonists, including foreign investors. Several authors including Kim and Wei (1999), Park and Song (1999) and Radelet and Sachs (1998) put the blame for the Asian crisis on foreign investors. Choe, Kho and Stulz (1999), who focused exclusively on equity trading in the Korean stock market, found no evidence supporting market de-stabilization by foreign investors during the crisis. They did not find any evidence showing that the foreign investors' herding is more important and they engaged in positive feedback trading during the crisis. They also found no evidence that foreign investors de-stabilized the stock market in event studies that examined the abnormal returns centered around large trades by foreign market participants. The paper begins with establishing first the role of derivative securities during the crisis. None of the studies so far have examined futures trading. Our paper focuses on this largely overlooked and important feature of the crisis. Once the role of futures contracts is understood, the paper complements Choe et al.'s analysis by examining whether derivatives trading by either domestic or non-resident investors, or both together, exerted a de-stabilizing influence during the crash. The results in this paper indicate that futures market played a key role during the Korean stock market turbulence in 1997. We find that the fraction of index futures volume started to rise dramatically in July 1997, three months ahead of the crash, and died out after the crash. Furthermore, we also report that selling pressures in the futures market during the crisis were transmitted to the cash market causing a decline in cash prices, a pattern which was not observed prior to the crisis. Given the significance of futures trading, we examine whether futures trading by either domestic or foreign investors, or both together, exerted a de-stabilizing influence during the crisis. We find that foreign investors increased their presence in the futures market and dramatically increase their herding of futures trading. Foreign traders also become negative feedback traders of futures and the permanent impact of their futures contracts sales increases substantially during the crisis." @default.
• W2140550281 created "2016-06-24" @default.
• W2140550281 creator A5046253431 @default.
• W2140550281 creator A5068715764 @default.
• W2140550281 date "2000-01-01" @default.
• W2140550281 modified "2023-09-27" @default.
• W2140550281 title "The Asian Financial Crises: The Role of Derivative Securities Trading and Foreign Investors" @default.
• W2140550281 cites W1522855534 @default.
• W2140550281 cites W1556059725 @default.
• W2140550281 cites W1967336851 @default.
• W2140550281 cites W1978037085 @default.
• W2140550281 cites W2024844904 @default.
• W2140550281 cites W2039042103 @default.
• W2140550281 cites W2047803175 @default.
• W2140550281 cites W2073306747 @default.
• W2140550281 cites W2132363418 @default.
• W2140550281 cites W2143846638 @default.
• W2140550281 cites W2151542120 @default.
• W2140550281 cites W2163685283 @default.
• W2140550281 cites W2168038988 @default.
• W2140550281 cites W2171217792 @default.
• W2140550281 cites W2285119977 @default.
• W2140550281 cites W3122049782 @default.
• W2140550281 cites W3122516223 @default.
• W2140550281 cites W3123435142 @default.
• W2140550281 cites W3124305668 @default.
• W2140550281 cites W3125769289 @default.
• W2140550281 cites W578922214 @default.
• W2140550281 cites W77343404 @default.
• W2140550281 cites W96942764 @default.
• W2140550281 doi "https://doi.org/10.2139/ssrn.242545" @default.
• W2140550281 hasPublicationYear "2000" @default.
• W2140550281 type Work @default.
• W2140550281 sameAs 2140550281 @default.
• W2140550281 citedByCount "4" @default.
• W2140550281 countsByYear W21405502812013 @default.
• W2140550281 crossrefType "journal-article" @default.
• W2140550281 hasAuthorship W2140550281A5046253431 @default.
• W2140550281 hasAuthorship W2140550281A5068715764 @default.
• W2140550281 hasConcept C10138342 @default.
• W2140550281 hasConcept C106159729 @default.
• W2140550281 hasConcept C106306483 @default.
• W2140550281 hasConcept C111771559 @default.
• W2140550281 hasConcept C139719470 @default.
• W2140550281 hasConcept C144133560 @default.
• W2140550281 hasConcept C151730666 @default.
• W2140550281 hasConcept C15241564 @default.
• W2140550281 hasConcept C162324750 @default.
• W2140550281 hasConcept C17744445 @default.
• W2140550281 hasConcept C177605951 @default.
• W2140550281 hasConcept C19244329 @default.
• W2140550281 hasConcept C199539241 @default.
• W2140550281 hasConcept C199728807 @default.
• W2140550281 hasConcept C205649164 @default.
• W2140550281 hasConcept C2778300220 @default.
• W2140550281 hasConcept C2780299701 @default.
• W2140550281 hasConcept C2780762169 @default.
• W2140550281 hasConcept C556758197 @default.
• W2140550281 hasConcept C61047874 @default.
• W2140550281 hasConcept C73283319 @default.
• W2140550281 hasConcept C86803240 @default.
• W2140550281 hasConcept C95727064 @default.
• W2140550281 hasConcept C97137747 @default.
• W2140550281 hasConceptScore W2140550281C10138342 @default.
• W2140550281 hasConceptScore W2140550281C106159729 @default.
• W2140550281 hasConceptScore W2140550281C106306483 @default.
• W2140550281 hasConceptScore W2140550281C111771559 @default.
• W2140550281 hasConceptScore W2140550281C139719470 @default.
• W2140550281 hasConceptScore W2140550281C144133560 @default.
• W2140550281 hasConceptScore W2140550281C151730666 @default.
• W2140550281 hasConceptScore W2140550281C15241564 @default.
• W2140550281 hasConceptScore W2140550281C162324750 @default.
• W2140550281 hasConceptScore W2140550281C17744445 @default.
• W2140550281 hasConceptScore W2140550281C177605951 @default.
• W2140550281 hasConceptScore W2140550281C19244329 @default.
• W2140550281 hasConceptScore W2140550281C199539241 @default.
• W2140550281 hasConceptScore W2140550281C199728807 @default.
• W2140550281 hasConceptScore W2140550281C205649164 @default.
• W2140550281 hasConceptScore W2140550281C2778300220 @default.
• W2140550281 hasConceptScore W2140550281C2780299701 @default.
• W2140550281 hasConceptScore W2140550281C2780762169 @default.
• W2140550281 hasConceptScore W2140550281C556758197 @default.
• W2140550281 hasConceptScore W2140550281C61047874 @default.
• W2140550281 hasConceptScore W2140550281C73283319 @default.
• W2140550281 hasConceptScore W2140550281C86803240 @default.
• W2140550281 hasConceptScore W2140550281C95727064 @default.
• W2140550281 hasConceptScore W2140550281C97137747 @default.
• W2140550281 hasLocation W21405502811 @default.
• W2140550281 hasOpenAccess W2140550281 @default.
• W2140550281 hasPrimaryLocation W21405502811 @default.
• W2140550281 hasRelatedWork W1518999434 @default.
• W2140550281 hasRelatedWork W1528092056 @default.
• W2140550281 hasRelatedWork W157025947 @default.
• W2140550281 hasRelatedWork W1975786499 @default.
• W2140550281 hasRelatedWork W2027056148 @default.
• W2140550281 hasRelatedWork W2062576853 @default.
• W2140550281 hasRelatedWork W2187031233 @default.
• W2140550281 hasRelatedWork W2297094290 @default.
• W2140550281 hasRelatedWork W2585093359 @default.
• W2140550281 hasRelatedWork W2620287820 @default.

• next