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Variables explicativas del comportamiento del inversor de multifondos. Un análisis desde la perspectiva de los inversores en el sistema de pensiones chileno

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Listed:
  • Benito Umana Hermosilla
  • Juan Cabas Monje
  • Juan Rodríguez Navarrete
  • Miguel Villablanca Fuentes

Abstract

Este estudio tiene por objetivo determinar las variables que inciden en el comportamiento del inversor de multifondos en la toma de decisiones, analizando si este comportamiento está asociado a variables racionales o a los principios de las finanzas conductuales. Se trabajó con datos proporcionados por la Encuesta de Protección Social para los anos 2006 y 2009 con el propósito de caracterizar a los inversores e identificar variables asociadas a su nivel de inversión. Para el análisis de los datos se realizó un modelo econométrico multilogit ordenado para determinar el nivel de influencia de cada variable. Los resultados de esta investigación apuntan a que variables como sexo, edad y educación influyen en la toma de decisiones de los inversores.

Suggested Citation

  • Benito Umana Hermosilla & Juan Cabas Monje & Juan Rodríguez Navarrete & Miguel Villablanca Fuentes, 2015. "Variables explicativas del comportamiento del inversor de multifondos. Un análisis desde la perspectiva de los inversores en el sistema de pensiones chileno," Estudios Gerenciales, Universidad Icesi, April.
    • Handle: RePEc:col:000129:012773
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    References listed on IDEAS

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    More about this item

    Keywords

    Multifondos; Inversores; Finanzas conductuales;
    All these keywords.

    JEL classification:

    • G02 - Financial Economics - - General - - - Behavioral Finance: Underlying Principles

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