Trust and Loss Aversion in Romanian Capital Market
AbstractIn this paper we are preoccupied by a study of trust and loss aversion on Romanian capital market. In global financial depreciation of stocks the emergent markets are much more affected that the lack of money and investors aversion. Based on efficient market theory we study the evolution of portfolio structure in balanced funds. We are interesting to make an evaluation of present sentiment of investing money in capital markets and especially in stocks. Also, is necessary to determine which are the most important problems in this situation and seek an adequate stimulus for future development of direct investment.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 12778.
Date of creation: 05 Dec 2008
Date of revision:
portfolio structure; balanced funds; loss aversion;
Find related papers by JEL classification:
- G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading
- G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates
- G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-01-24 (All new papers)
- NEP-TRA-2009-01-24 (Transition Economics)
- NEP-UPT-2009-01-24 (Utility Models & Prospect Theory)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Luigi Guiso & Paola Sapienza & Luigi Zingales, 2005.
"Trusting the Stock Market,"
NBER Working Papers
11648, National Bureau of Economic Research, Inc.
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