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[{"key": "dc.contributor.advisor", "value": "Mangeloja, Esa", "language": null, "element": "contributor", "qualifier": "advisor", "schema": "dc"}, {"key": "dc.contributor.author", "value": "Neva, Emil", "language": null, "element": "contributor", "qualifier": "author", "schema": "dc"}, {"key": "dc.date.accessioned", "value": "2024-05-16T13:10:14Z", "language": null, "element": "date", "qualifier": "accessioned", "schema": "dc"}, {"key": "dc.date.accessioned", "value": "2024-05-17T10:14:02Z", "language": null, "element": "date", "qualifier": "accessioned", "schema": "dc"}, {"key": "dc.date.available", "value": "2024-05-16T13:10:14Z", "language": null, "element": "date", "qualifier": "available", "schema": "dc"}, {"key": "dc.date.available", "value": "2024-05-17T10:14:02Z", "language": null, "element": "date", "qualifier": "available", "schema": "dc"}, {"key": "dc.date.issued", "value": "2024", "language": null, "element": "date", "qualifier": "issued", "schema": "dc"}, {"key": "dc.identifier.uri", "value": "https://jyx.jyu.fi/handle/123456789/94960", "language": null, "element": "identifier", "qualifier": "uri", "schema": "dc"}, {"key": "dc.description.abstract", "value": "Noise trading osana irrationaalista markkinak\u00e4ytt\u00e4ytymist\u00e4 vaikuttaa merkitt\u00e4v\u00e4sti rahoitusvaateiden hintoihin. Noise trading viittaa sijoittamiseen, jossa sijoittajien osto- ja myyntip\u00e4\u00e4t\u00f6kset eiv\u00e4t perustu sijoitusneuvontaan tai osakeanalyysiin. Termi \u201dNoise\u201d tarkoittaa t\u00e4ss\u00e4 yhteydess\u00e4 tietoa tai toimintaa, jotka v\u00e4\u00e4rist\u00e4v\u00e4t todellista kehityst\u00e4 sek\u00e4 trendej\u00e4. Noise -termi koostuu pienist\u00e4 hintakorjauksista sek\u00e4 yleisist\u00e4 trendej\u00e4 v\u00e4\u00e4rist\u00e4vist\u00e4 hinnan vaihteluista eli volatiilisuudesta. \r\n\r\nTehokkaiden markkinoiden hypoteesin mukaan markkinat ovat tehokkaat ja hinnat vastaavat kaikkea saatavilla olevaa informaatiota. Markkinoilta l\u00f6ytyy kuitenkin useita esimerkkej\u00e4 tilanteista, joissa rahoitusvaade on selke\u00e4sti v\u00e4\u00e4rin hinnoiteltu. Rahoitusvaateiden hinnat saattavat my\u00f6s lyhyell\u00e4 aikav\u00e4lill\u00e4 kehitty\u00e4 oletusten vastaiseen suuntaan, mik\u00e4 haastaa sek\u00e4 markkinoiden tehokkuutta ett\u00e4 hinnoittelumalleja. Irrationaalista markkinak\u00e4ytt\u00e4ytymist\u00e4 selitt\u00e4v\u00e4n rahoituksen k\u00e4ytt\u00e4ytymistieteen avulla pystyt\u00e4\u00e4nkin selitt\u00e4m\u00e4\u00e4n hintojen poikkeamista todellisesta fundamentaalisesta arvosta ja antamaan syit\u00e4 v\u00e4\u00e4rin hinnoitteluille.\r\n\r\nTutkielman tavoitteena on pyrki\u00e4 selvitt\u00e4m\u00e4\u00e4n noise trading -sijoittajien toiminnan vaikutuksia rahoitusmarkkinoihin. Tarkoituksena on erityisesti pyrki\u00e4 muodostamaan konkreettisempi k\u00e4sitys noise trading -sijoittamisesta ja sen vaikutuksista osakkeiden hintoihin. Samalla my\u00f6s selvitt\u00e4\u00e4, esiintyyk\u00f6 noise trading -sijoittamista systemaattisesti ja havaitaanko noise trading -sijoittamiselle altistavia tekij\u00f6it\u00e4 markkinoilla.\r\n\r\nKeskeiseksi havainnoksi osoittautui noise trading -sijoittamisen satunnainen ja v\u00e4h\u00e4inen esiintyminen, mik\u00e4 on linjassa tehokkaiden markkinoiden hypoteesin oletusten kanssa. Yksiselitteisi\u00e4 tuloksia noise trading -sijoittamista aiheuttavista tekij\u00f6ist\u00e4 ei kuitenkaan havaittu. Noise trading -sijoittamisen havaittiin ylip\u00e4\u00e4t\u00e4\u00e4n aiheuttavan markkinoille v\u00e4\u00e4ristymi\u00e4, tehottomuutta sek\u00e4 ylim\u00e4\u00e4r\u00e4ist\u00e4 volatiilisuutta. Toisaalta se my\u00f6s lis\u00e4\u00e4 markkinoiden likviditeetti\u00e4 ja parantaa siten markkinoiden toimivuutta.", "language": "fi", "element": "description", "qualifier": "abstract", "schema": "dc"}, {"key": "dc.description.provenance", "value": "Submitted by jyx lomake-julkaisija (jyx-julkaisija.group@korppi.jyu.fi) on 2024-05-16T13:10:14Z\r\nNo. of bitstreams: 0", "language": "en", "element": "description", "qualifier": "provenance", "schema": "dc"}, {"key": "dc.description.provenance", "value": "Made available in DSpace on 2024-05-16T13:10:14Z (GMT). No. of bitstreams: 0", "language": "en", "element": "description", "qualifier": "provenance", "schema": "dc"}, {"key": "dc.description.provenance", "value": "Made available in DSpace on 2024-05-17T10:14:02Z (GMT). No. of bitstreams: 4\r\nURN:NBN:fi:jyu-202405163685.pdf: 3449889 bytes, checksum: 11df72332084648d7f19234af597e7ab (MD5)\r\njulkaisusopimus.pdf: 95765 bytes, checksum: 734149852122be7300bcf1b4d315a2f0 (MD5)\r\nURN:NBN:fi:jyu-202405163685.pdf.txt: 159526 bytes, checksum: 99b69fc26f08d27fb6065f2cd2978dbf (MD5)\r\nURN:NBN:fi:jyu-202405163685.pdf.jpg: 1722 bytes, checksum: 464fc26e9e7f102037043ec995f4b3f4 (MD5)\r\n Previous issue date: 2024", "language": "en", "element": "description", "qualifier": "provenance", "schema": "dc"}, {"key": "dc.format.extent", "value": "77", "language": null, "element": "format", "qualifier": "extent", "schema": "dc"}, {"key": "dc.format.mimetype", "value": "application/pdf", "language": null, "element": "format", "qualifier": "mimetype", "schema": "dc"}, {"key": "dc.language.iso", "value": "fin", "language": null, "element": "language", "qualifier": "iso", "schema": "dc"}, {"key": "dc.rights", "value": "In Copyright", "language": "en", "element": "rights", "qualifier": null, "schema": "dc"}, {"key": "dc.title", "value": "Noise trading osakkeiden hinnoissa", "language": null, "element": "title", "qualifier": null, "schema": "dc"}, {"key": "dc.type", "value": "master thesis", "language": null, "element": "type", "qualifier": null, "schema": "dc"}, {"key": "dc.identifier.urn", "value": "URN:NBN:fi:jyu-202405163685", "language": null, "element": "identifier", "qualifier": "urn", "schema": "dc"}, {"key": "dc.contributor.faculty", "value": "Jyv\u00e4skyl\u00e4 University School of Business and Economics", "language": "en", "element": "contributor", "qualifier": "faculty", "schema": "dc"}, {"key": "dc.contributor.faculty", "value": "Jyv\u00e4skyl\u00e4n yliopiston kauppakorkeakoulu", "language": "fi", "element": "contributor", "qualifier": "faculty", "schema": "dc"}, {"key": "dc.contributor.organization", "value": "University of Jyv\u00e4skyl\u00e4", "language": "en", "element": "contributor", "qualifier": "organization", "schema": "dc"}, {"key": "dc.contributor.organization", "value": "Jyv\u00e4skyl\u00e4n yliopisto", "language": "fi", "element": "contributor", "qualifier": "organization", "schema": "dc"}, {"key": "dc.subject.discipline", "value": "Economics", "language": "en", "element": "subject", "qualifier": "discipline", "schema": "dc"}, {"key": "dc.subject.discipline", "value": "Taloustiede", "language": "fi", "element": "subject", "qualifier": "discipline", "schema": "dc"}, {"key": "dc.type.coar", "value": "http://purl.org/coar/resource_type/c_bdcc", "language": null, "element": "type", "qualifier": "coar", "schema": "dc"}, {"key": "dc.rights.copyright", "value": "\u00a9 The Author(s)", "language": null, "element": "rights", "qualifier": "copyright", "schema": "dc"}, {"key": "dc.rights.accesslevel", "value": "openAccess", "language": null, "element": "rights", "qualifier": "accesslevel", "schema": "dc"}, {"key": "dc.type.publication", "value": "masterThesis", "language": null, "element": "type", "qualifier": "publication", "schema": "dc"}, {"key": "dc.format.content", "value": "fulltext", "language": null, "element": "format", "qualifier": "content", "schema": "dc"}, {"key": "dc.rights.url", "value": "https://rightsstatements.org/page/InC/1.0/", "language": null, "element": "rights", "qualifier": "url", "schema": "dc"}]
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