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Full-Text Articles in Business
Intraday Pattern And The Speed Of Adjustment In The Jakarta Stock Exchange, Zaafri Husodo, Thomas Henker
Intraday Pattern And The Speed Of Adjustment In The Jakarta Stock Exchange, Zaafri Husodo, Thomas Henker
Thomas Henker
High frequency study at individual level in the Jakarta Stock Exchange is conducted in this research to reveal the dynamics at intraday level. Several apparent patterns emerge from analyzing the relation among the speed of adjustment coefficients, noise, and noise variance. It is found that the noise and noise variance are at a low level when the speed of adjustment coefficients achieves a fair level. The speed of adjustment coefficients, both at market and individual level show a periodic adjustment pattern at a daily interval. This justifies the importance of studying the dynamics of the price discovery as estimated in …
An Overview Of Combinatorial Auctions, Peter Cramton, Yoav Shoham, Richard Steinberg
An Overview Of Combinatorial Auctions, Peter Cramton, Yoav Shoham, Richard Steinberg
Peter Cramton
No abstract provided.
New Practice Creation: An Institutional Approach To Innovation, Michael Lounsbury
New Practice Creation: An Institutional Approach To Innovation, Michael Lounsbury
michael lounsbury
Neoinstitutionalists have developed a rich array of theoretical and empirical insights about how new practices become established via legitimacy and diffusion, but have paid scant attention to their origins. This blind spot has been reinforced by recent work on institutional entrepreneurship which has too often celebrated the actions of a single or small number of actors, and deflected attention away from the emergent, multilevel nature of how new kinds of activities emerge and provide a foundation for the creation of a new practice. In this paper, we examine the case of the creation of active money management practice in the …
A Tale Of Two Cities: Competing Logics And Practice Variation In The Professionalizing Of Mutual Funds, Michael Lounsbury
A Tale Of Two Cities: Competing Logics And Practice Variation In The Professionalizing Of Mutual Funds, Michael Lounsbury
michael lounsbury
This article examines practice diffusion in an environment where competing logics exist, specifically investigating how trustee and performance logics that were rooted in different locations (Boston and New York) led to variation in how mutual funds established contracts with independent professional money management firms. This focus on competing logics redirects institutional research away from isomorphism and the segregation of institutional and technical forces and toward an appreciation of how multiple forms of rationality underlie change in organizational fields. Implications for the dominant two-stage institutional model of diffusion and for research on institutions, organizations, and professions are discussed.
Calling The End Of The Bubble: Are There Trends In Order Imbalances, Julia Henker, Thomas Henker
Calling The End Of The Bubble: Are There Trends In Order Imbalances, Julia Henker, Thomas Henker
Thomas Henker
Extract:
Can traders effectively conceal their information processing from the rest of the market, or is it there for the alert investor to observe? Could we see, for example, the reduction in demand that leads to the crash of a stock price bubble, or can investors keep their sentiment private?
We might expect that if we look carefully at buy and sell orders over several days, we could forecast the change from an upward to a downward trend in asset prices, but we would be wrong.
In this article, we investigate whether stock price bubble crashes are foreshadowed in order …