English, Article edition: Rational Speculative Bubbles in the Thai Stock Market: Econometric Tests and Implications Sethapong Watanapalachaikul; Sardar M. N. Islam

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/132211
Physical Description
  • article
Language
  • English

Edition details

Title
  • Rational Speculative Bubbles in the Thai Stock Market: Econometric Tests and Implications
Author
  • Sethapong Watanapalachaikul
  • Sardar M. N. Islam
Physical Description
  • article
Notes
  • Understanding of factors like economic fundamentals or bubbles that normally determine the returns of stock in any emerging market such as the Thai stock market is essential for academic, investment planning and public policy reasons. An empirical study of the existence of rational speculative bubbles in the Thai stock market is undertaken by using the Weibull Hazard model. The conventional Weibull Hazard model is used as a benchmark model for other speculative bubble models. Empirical results suggest the presence of rational speculative bubbles in the Thai stock market, especially during the pre-crisis period. While rational speculative bubbles were not present immediately after the post-crisis period, some were observed a few years after the crisis. A possible explanation for such a result concerning rational speculative behaviour and bubbles in the emerging stock markets could be attributed to the presence of market imperfections in emerging stock markets, requiring institutional and policy developments to ensure efficient operation of the stock market.
  • Financial markets, bubbles, Thai stock market, Weibull Hazard model, market imperfections
  • RePEc:wsi:rpbfmp:v:10:y:2007:i:01:p:1-13
Language
  • English
Contributed by
OAIster

Get this edition

  • Set up My libraries

    How do I set up "My libraries"?

    In order to set up a list of libraries that you have access to, you must first login or sign up. Then set up a personal list of libraries from your profile page by clicking on your user name at the top right of any screen.

  • All (1)
  • Unknown (1)
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this edition

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this version

Add a comment