文章基本信息

标题：Investor Behavior and Flow-through Capability in the US Stock Market
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作者：Cano, Carlos ; Jareño, Francisco ; Tolentino, Marta 等
期刊名称：Frontiers in Psychology
电子版ISSN：1664-1078
出版年度：2016
卷号：7
页码：668-680
DOI：10.3389/fpsyg.2016.00668
出版社：Frontiers Media
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.
关键词：Flow; through capability; Inflation rate; Stock return; Sectoral analysis; Investor behavior