서지주요정보
株式의 인플레이션 헷지에 관한 硏究 = A study about the inflation hedges of the common stocks
서명 / 저자 株式의 인플레이션 헷지에 관한 硏究 = A study about the inflation hedges of the common stocks / 김희탁.
발행사항 [서울 : 한국과학기술원, 1983].
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등록번호

4102249

소장위치/청구기호

학술문화관(문화관) 보존서고

MMGS 8305

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초록정보

This thesis attempts to test the hypothesis that the common stocks in Korean Stock Market act as a hedge against inflation. Before the test is conducted, theoretical background was reviewed. Hedge was defined as not having negative regression coefficients between the real rates of return and the real rate of inflation. The two forms of the hedge, passive hedge and active hedge, were defined and tested. Passive hedge was empirically tested by the regression method which regress the various rates of inflation on the real rate of return of the market portfolio. These various rates of inflation are the rates of inflation, expected inflation, and unexpected inflation. Active hedge was also tested by the simple regression method. At this time, the dependent variable is the real rate of return of the hedge portfolios which were constructed with the common stocks of the Korean Stock Market. The results indicate that the hedging potentials of the passive hedge, which uses the market portfolio, do not exist and that the hedging potentials of the active hedge, which employ the hedge portfolios, are fully operative.

서지기타정보

서지기타정보
청구기호 {MMGS 8305
형태사항 v, 72 p. : 삽도 ; 26 cm
언어 한국어
일반주기 저자명의 영문표기 : Hee-Tak Kim
지도교수의 한글표기 : 노공균
지도교수의 영문표기 : Kong-Kyun Ro
학위논문 학위논문(석사) - 한국과학기술원 : 경영과학과,
서지주기 참고문헌 : p. 63-70
주제 Stocks.
Hedging (Finance)
주식. --과학기술용어시소러스
인플레이션. --과학기술용어시소러스
재무 관리. --과학기술용어시소러스
Finance.
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