繫 ȣ (2011 5)
Asian Review of Financial Research, Vol., No..
pp.283~321
pp.283~321
ݵŴ Ʈ ϴ°? : ѱ ݵκ
2001 11 2008 12 츮 ݵڷḦ ̿Ͽ ݵ Ŵ ̱ ϴ . ݵ Ŵ Ͽ Ǯ ٴ ̎ õǰ ִ. ̷ ʷ м . ù°, б , ݵŴ ϴ б ϸ, Ư ſ ϰ ݵ Ŵ Ǯ ٴ Ű ߰ߵǾ . °, ݵ ݵ ݵ尡 ִ ݵ Ŵ Ǯ ٴ Ű ߰ߵǾ. ̷ Carhart, Kaniel, Musto & Reed(2002) Leaning-for-the tape ǰ ִ. °, ݵԸ ۰ ݵ̸鼭 ȸ ݵ ֽĿ ε巯 Ͽ. ߰ м ݵ 谡 . б , Ư ̻ ϰ پ ߰ߵǾ. ̷ Brown, Harlow & Starks(1996) ݵ ʸƮ Ÿ ġϰ ִ. ̷ м м ϸ, 뼺 ݵ, , ȸ, ݵ , ŸŰŷ ġ мǾ. Ư, 뼺 10% ݵ尡 б⸻ , ݵ Ʈ , , ŸŰŷȰ Ȱ ν ݵ ͷ ϴ ȮڵǾ.
Ʈ ,ݵŴ ,,Ʈ ,ݵ