| Budget Amount *help |
¥3,770,000 (Direct Cost: ¥2,900,000、Indirect Cost: ¥870,000)
Fiscal Year 2010: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000)
Fiscal Year 2009: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000)
Fiscal Year 2008: ¥2,470,000 (Direct Cost: ¥1,900,000、Indirect Cost: ¥570,000)
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| Research Abstract |
Against popular assumptions of theoretical model for a common capital market, investment behavior depends in reality their categories. Because it presents doubts on the fair price formation of securities and the hypothesis of market efficiency, that validity was examined. As a result, it has been revealed that, though the short term market price divergence from the intrinsic value caused by foreign investors buying or selling one direction, such an observation was not significantly different from market noise observed in real market given the persistent volatility and price adjustments.
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