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Contexto Das Finanças Comportamentais: Anomalias E Eficiência Do Mercado De Capitais Brasileiro
| Content Provider | Semantic Scholar |
|---|---|
| Author | Famá, Rubens Cioffi, Patrícia Leite De Moraes Coelho, Paula Augusta |
| Copyright Year | 2008 |
| Abstract | Analysis of context helps to understand periods of evolution in finance such as Old Finance from 1930 to 1950, Modern Finance from 1950 to 1990 and Behavior al Finance after 1990. The theory and identificatio n of reaction attitudes in capital markets contribute to better comprehension of market capitalization mechanisms. This study sought to understand the env ironment that favored development of Behavioral Finance and to verify anomalies and the efficiency in Brazilian capital market. In order to contextual ize this evolution, volatility of the Dow Jones Index was de termined and correlated with indices of important markets worldwide. Numerous Brazilian studies were included in the academic analysis of these anomalie s and efficiency. The conclusion was that increased m arket volatility and globalization favored exaggera ted reactions, not supported by investor rational. Howe ver the foundation of Modern Finance cannot be overlooked because it helps to explain some aspects of the Brazilian capital market characterized by anomalies as well as efficiency. |
| Starting Page | 65 |
| Ending Page | 78 |
| Page Count | 14 |
| File Format | PDF HTM / HTML |
| DOI | 10.5700/issn.2177-8736.rege.2008.36638 |
| Volume Number | 15 |
| Alternate Webpage(s) | http://www.revistas.usp.br/rege/article/download/36638/39359 |
| Alternate Webpage(s) | http://sistema.semead.com.br/11semead/resultado/trabalhosPDF/168.pdf |
| Alternate Webpage(s) | https://doi.org/10.5700/issn.2177-8736.rege.2008.36638 |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |