Title: RATIONALITY VERSUS IRRATIONALITY ON THE ROMANIAN CAPITAL MARKET
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.
Publication Year: 2013
Publication Date: 2013-01-01
Language: en
Type: article
Access and Citation
Cited By Count: 4
AI Researcher Chatbot
Get quick answers to your questions about the article from our AI researcher chatbot