• Title, Summary, Keyword: Investor characteristics

Search Result 27, Processing Time 0.044 seconds

An Empirical Study on Stock Trading Value of Each Investor Type in the Korean Stock Market

  • Shin, Yang-Kyu
    • Journal of the Korean Data and Information Science Society
    • /
    • v.17 no.4
    • /
    • pp.1099-1106
    • /
    • 2006
  • This study is an analysis of the stock trading value in terms of investor types in the Korean stock market for recent 12 years. We examined the characteristics in stock trading value variation according to each investor type and the interactive relationship in the trading value between types of investors. The results show that the trading value scale of every investor type increases overall while the proportion of the trading value by each investor type in the market exhibits variation. In addition, a statistically significant interactive relationship in the trading value between types of investors exists: the correlations are formed differently before and after events which largely influence the stock market.

  • PDF

Multifractals of Investor Behavior in Stock Market

  • Oh, Gabjin
    • Journal of the Korean Physical Society
    • /
    • v.71 no.1
    • /
    • pp.19-27
    • /
    • 2017
  • In this paper, we analyze the nonlinear properties of investor activity using the multifractal detrended fluctuation analysis (MF-DFA) method. Using the aggregated trading volumes of buying, selling, and normalized net investor trading (NIT) to quantify the characteristics of trader behavior in the KOSPI market, we find that the cumulative distribution functions of all NIT time series, except for individual traders, follow a power-law distribution with an exponent in the range of $2.92{\leq}{\gamma}{\leq}3.87$. To observe the nonlinear features of investor activity, we also calculate the multifractal spectra for the buyer, seller, and NIT data sets and find that a multifractal structure exists in all of the data, regardless of the investor type studied.

The Effects of Network between Business Founder and Investor on Enterprise performance: Focused on TIPS Support Business (창업자와 투자자간 네트워크가 기업성과에 미치는 영향: Tips 사업을 중심으로)

  • Kim, Hong kee;Kim, Chae wang
    • Asia-Pacific Journal of Business Venturing and Entrepreneurship
    • /
    • v.13 no.3
    • /
    • pp.47-57
    • /
    • 2018
  • The purpose of this study is to grasp the correlation between network and firm's performance by analyzing the perception and characteristics of network of business founder and investor from the perspective of the network. We selected a TIPS support program which is evaluated to be a best practice as a research target for empirical analysis. The empirical results using social network and statistical analysis, shows that the stronger the investor's network connectivity, the more likely it is that the investor's start - up succeeds in attracting subsequent investment. In addition, both the entrepreneurial team and the management think that the internal human network between the enterprise and the investor plays an important role in inducing investment or exploring the company, and recognizes that the value of the human network will have a significant influence on the enterprise value evaluation or investment decision.

Analyzing Chinese Online P2P Financial Product Purchase Decisions Utilizing the Framing Effect

  • Shang, Yu Fei;Kim, Soon-Hong
    • The Journal of Distribution Science
    • /
    • v.13 no.10
    • /
    • pp.51-56
    • /
    • 2015
  • Purpose - This study examines Chinese P2P investment decision processes from a behavioral economics approach. Research design, data, and methodology - We analyze the online P2P investment product purchase decisions of 241 respondents in China, March 2015 to May 2015. T-tests were conducted to determine whether the framing effect influenced investor investment preferences. The Association Rule was used to identify the framing effect of respondent demographic characteristics on joint decisions regarding stable or risky investment products. Results - There are significant differences between the two groups (positive framing and negative framing) and their product-choosing behavior. In the positive framing group, female investors, young investors, investors with non-financial occupations and with limited or no experience, preferred stable P2P investment products. In contrast, in the negative framing group, investors with extensive investment experience preferred risky investment products. Conclusions - The framing effect influences investor choices in online P2P investment products. It is necessary to implement comprehensive supervision and full information disclosure regarding P2P investment products. P2P investment websites can also adopt different marketing strategies according to investor gender and age.

Household and Housing Characteristics of Young Renters in South Korea in Relation to Housing Value Clusters (한국 청년 임차가구의 주거관 군집에 따른 가구 및 주거 특성)

  • Kwon, Hyun Joo;Lee, Hyun-Jeong
    • Journal of the Korean housing association
    • /
    • v.26 no.6
    • /
    • pp.43-52
    • /
    • 2015
  • The purpose of this study was to explore housing value clusters of young renters in South Korea and their relationships to household and housing characteristics reflected in the 2012 Korea Housing Survey (KHS). The 2012 KHS microdata was used as secondary data. Among the households included in the microdata, 1,196,144 young renter households (between 20 and 34 years of age) in private rental units were analyzed. The main findings are as follows. Ten rating scale items measured housing values. Eight of them were grouped into three value factors: Investment, Affordability and Cost Increase. Using these three value factors and perception of homeownership, households were classified into four clusters: Prospective Home Investor, Settled Renter, Homeowner Wannabe, and Support Needed. The current tenure types, income and expectation for next tenure types of four housing value clusters of young renters reflected Korea's tenure ladder which has home ownership at top followed by Jeon-se rental, monthly rental with deposit and monthly rental without deposit. The households in Prospective Home Investor and Homeowner Wannabe clusters would consider home purchase in the near future. Finally, households in Support Needed Cluster would be the main target to consider in development and implementation of housing welfare policies and programs to resolve housing problems of young renters, including beginning-stage professionals.

The Effect of Crowdfunding Factors on Participational Intention -A Case of Chinese Participants (크라우드펀딩 특성이 참여의도에 미치는 영향 - 중국사례를 중심으로)

  • Jia, Jing;Lee, Cheol-Gyu
    • Journal of Digital Convergence
    • /
    • v.16 no.3
    • /
    • pp.237-247
    • /
    • 2018
  • In this paper, a research model was designed to investigate the factors influencing the intention to the crowdfunding participator of China. The research model includes the platform factors, investor factors, and social factors, perceived ease of use, perceived usefulness and funding participants' intention. In this research, the data was collected by online survey, and in final analysis, 439 participators' questionnaires were used. The empirical paper proves research hypothesis by using SPSS 23.0. The results of the study are as follows: the crowdfunding platform factors, social factors and the participants' individual factors partially give positive effects to perceived ease of use and perceived usefulness; perceived ease of use gives positive effects to perceived usefulness. In addition, perceived ease of use and perceived usefulness have positive effects to participational intention. This paper provides a useful scheme for the better operation and promotion of crowdfunding. In the future, a comparative study of different types of crowdfunding is needed.

Two essays on the economics of Kye(契)

  • Oh, Kwan-Chi
    • Journal of the Korean Statistical Society
    • /
    • v.3 no.1
    • /
    • pp.31-57
    • /
    • 1974
  • The economic behavior of individuals' selection of particular kye and positions in a kye is based upon choice criteria. The selection of a kye or a position in a kye is not the same as an investor's portfolio selection. A kye member combines in varying degrees the characteristics of both a borrower and a lender of funds. In the following sections we shall first propose choice criteria for borrowers and lenders of funds, then we will try to test various hypotheses derived from the choice criteria by empirical data.

  • PDF

A Study on Investment Agreement and Dispute Resolution System of FTA (FTA 투자협정과 분쟁해결제도에 관한 연구)

  • Choe, Tae-Parn
    • Journal of Arbitration Studies
    • /
    • v.17 no.2
    • /
    • pp.141-165
    • /
    • 2007
  • This study aims to make a contribution to the promotion of trade and economic development of South Korea, and, at the same time, call attention to the increasing trend of investment agreements concluded within Free Trade Agreements (FTA) by examining theoretically FTAs and dispute resolution and investigating systematically the conclusion procedure of agreements, and the system, institutions, and jurisdiction of dispute resolution, and presenting these findings to the government and investors involved. The most problematic aspect in the legal process of arbitration involving disputes over investment is that of arguments concerning the right of jurisdiction. When a dispute arises, even though an investor files for arbitration at an ICSID institution, the parties become involved in another energy-consuming argument even before proceeding to the hearing and decision of the original plan in cases in which the respondent of the dispute files an objection to the decision rights of the arbitral tribunal. As the main basis for this type of plea, the point of non-existence of jurisdiction is first raised where the applicable dispute does not fall under the range of investments defined in individual investment contracts or investment agreements such as a Bilateral Investment Treaty (BIT). To avoid an open-ended definition of investment for the range of investments, articles concerning investments in the FTA and NAFTA between Canada and the USA adopt the limited closed-list method. Article 96 of the FTA between Japan and Mexico applied the same abovementioned method of limited form of definition regarding range of investments and concluded BITs between member countries of APEC applied a similar method as well. Instead of employing the previously used inclusive definition, the BITs concluded between countries of Latin America and the USA are equipped with limited characteristics of an investment. Furthermore, to correspond with this necessary condition the three following requirements are needed : 1) fixed investment funding; 2) expected profits resulting from such investments; 3) and the existence of fixed risk bearing.

  • PDF

A Study on The Comparative Characteristics of Track-Guided Bus System (궤도버스시스템 특성비교연구)

  • 임성빈;지길룡
    • Journal of the Korean Professional Engineers Association
    • /
    • v.30 no.4
    • /
    • pp.88-98
    • /
    • 1997
  • For Improving gradually inferior environment of public transportation system, it is necessary to introduce new transit System(NTS). NTS is defined as automated economicm system for it's operation . The Track Guided Bus System (TGBS) is one of the NTS, which is possible operating on the track or road surface and the system has actually many advantages. This study was concentrated on investigating the characteristics of TGBS, comparing to the other public transportation system and appraising the advantages of it on the benefit of the passenger side as well as investor, and then suggested applicable routes. As the result of the study, it is concluded that the advantage of this system is less transfering and initial low investment. Applicable route is the demand of passengers in the range of PPHPD 5,000~39,600, which is more than bus but not more than subway.

  • PDF

Influence Analysis of Preference Characteristics for Real Estates Investment Satisfaction and Re-Investment Intention (부동산 투자의 선호특성이 투자만족도 및 재투자의사에 미치는 영향 분석)

  • Paek, Jun-Seok;Lee, Joo-Hyung
    • Journal of the Korea Academia-Industrial cooperation Society
    • /
    • v.17 no.2
    • /
    • pp.657-665
    • /
    • 2016
  • This study analysed how real estate investor's preference influences the investment satisfaction and re-investment intention. For the study, the investment preference was analysed using the PLS Structural Equation Model. The profitability and safety among the investment behavioral factors influenced the investment satisfaction the most. The facility characteristics among the investment behavioral factors influenced the investment satisfaction slightly. Finally, the investment satisfaction among the investment preferences influenced the re-investment intention mainly.