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Trust and Loss Aversion in Romanian Capital Market

Author

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  • Alexandru, Ciprian Antoniade

Abstract

In 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.

Suggested Citation

  • Alexandru, Ciprian Antoniade, 2008. "Trust and Loss Aversion in Romanian Capital Market," MPRA Paper 12778, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:12778
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    File URL: https://mpra.ub.uni-muenchen.de/12778/1/MPRA_paper_12778.pdf
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    References listed on IDEAS

    as
    1. Luigi Guiso & Paola Sapienza & Luigi Zingales, 2008. "Trusting the Stock Market," Journal of Finance, American Finance Association, vol. 63(6), pages 2557-2600, December.
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    More about this item

    Keywords

    portfolio structure; balanced funds; loss aversion;
    All these keywords.

    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

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