Earticle

초록

영어

The fundamental features of information flow that are created by both external and internal ingredients with complex behavior have been analyzed by economists and scientists to understand complicated interactions between financial units. It is so hard to understand what is the origin of information flows because the status of market should be changed every time. We employ the daily 22 industry sectors in the KOSPI market from January 3st, 2000 to March 30st, 2011 and adopt the symbolic transfer entropy method to calculate the asymmetry information flows. We measured a degree of asymmetry information (DAI) between industry sector data sets before, during, and after subprime crisis in order to analyze how to relate DAI to the market crisis. We find that a degree of asymmetry information and the number of connectedness during the financial crisis in the Korean stock market are higher than those of before and after the market crisis.

목차

Abstract
 1. Introduction
 2. Literature review
 3. Data and methodology
 4. Result
 5. Conclusion
 Reference
 Table
 Figure

키워드

저자

• Tamina Oh [ Division of Business Administration, Chosun University, Gwangju 501-759, Korea ]
• Gabjin Oh [ Division of Business Administration, Chosun University, Gwangju 501-759, Korea ] Corresponding author

참고문헌

발행기관

간행물

표지보기 관심저널 등록

• 간행물명

  한국재무학회 학술대회

• 간기

  부정기

• 수록기간

  2006~2024

• 십진분류

  KDC 325 DDC 330