Investor Behavior and Flow-Through Capability in the US Stock Market

Frontiers in Psychology

Francisco eJareño¹  Marta eTolentino¹  Carlos eCano¹ 

[1] Universidad de Castilla-La Mancha;

关键词: Inflation rate;    Stock return;    Investor behavior;    Sectoral analysis;    Flow-through capability;   

DOI  :  10.3389/fpsyg.2016.00668

来源: DOAJ

【 摘 要 】

This paper analyzes investor behavior depending on the flow-through capability in the US stock market, because investors seek protection from inflation rate changes, and the flow-through capability (a firm’s ability to transmit inflation shocks to the prices of its products and services) is a key factor in investment decisions. Our estimates of the flow-through capability of firms listed on the US stock exchange at the sector level are significantly different among industries, and we demonstrate a direct relationship between changes in stock prices (at the sector level) and flow-through capability. These results would be relevant because they have important implications on investor behavior.

【 授权许可】

Unknown