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Rationality Versus Irrationality On The Romanian Capital Market

Author

Listed:
  • Ion Stancu

    (Bucharest University of Economic Studies)

  • Dumitra Stancu

    (Technical University of Civil Engineering, Bucharest)

Abstract

The driving engine of this research is to verify the stock price formation on the capital market in Romania, under the fundamental Modern Finance assumption of rational economic behavior and financial performance of the issuer, of the industry and the national economy. Moreover, our research also aims to confirm the Behavioral Finance hypothesis of non-rational and non-economic behavior, namely, excessive confidence in own expectations, concerns for equity beyond market mechanisms, the temptation towards corruption, anti-ecologic and anti-social behavior, poor understanding of inflation, a distorted feeling of reality and exaggerated emotional reaction to the emergence of new information.

Suggested Citation

  • Ion Stancu & Dumitra Stancu, 2013. "Rationality Versus Irrationality On The Romanian Capital Market," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(Special I), pages 325-332, March.
    • Handle: RePEc:agr:journl:v:xx:y:2013:i:special-i:p:325-332
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    Citations

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    Cited by:

    1. Adrian Mitroi, 2016. "From Behavioral Finance To Ecclesiastes Finance: The Pain Of Gain And The Glory Of An Investment Loss," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 1, pages 240-251, December.
    2. Drian Mitroi, 2016. "Post Behavioral Finance Adolescence," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 1, pages 206-218, December.

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