ETDs @PUC-Rio
| Título: | THERE WERE HERDING IN THE BRAZILIAN STOCK MARKET BETWEEN 2010 AND 2015?: AN ANALYSIS FROM THE PERSPECTIVE CCK MODEL | ||||||||||||
| Autor: |
IURI MAJEROWICZ |
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| Colaborador(es): |
MARCELO CABUS KLOTZLE - Orientador |
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| Catalogação: | 30/ABR/2021 | Língua(s): | PORTUGUESE - BRAZIL |
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| Tipo: | TEXT | Subtipo: | THESIS | ||||||||||
| Notas: |
[pt] Todos os dados constantes dos documentos são de inteira responsabilidade de seus autores. Os dados utilizados nas descrições dos documentos estão em conformidade com os sistemas da administração da PUC-Rio. [en] All data contained in the documents are the sole responsibility of the authors. The data used in the descriptions of the documents are in conformity with the systems of the administration of PUC-Rio. |
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| Referência(s): |
[pt] https://www.maxwell.vrac.puc-rio.br/projetosEspeciais/ETDs/consultas/conteudo.php?strSecao=resultado&nrSeq=52499&idi=1 [en] https://www.maxwell.vrac.puc-rio.br/projetosEspeciais/ETDs/consultas/conteudo.php?strSecao=resultado&nrSeq=52499&idi=2 |
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| DOI: | https://doi.org/10.17771/PUCRio.acad.52499 | ||||||||||||
| Resumo: | |||||||||||||
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The aim of this study is to observe, based on the model of Chang, Cheng and Khorana (2000), if there is evidence that there were herding in the Brazilian stock market in the period that goes from 2010 to 2015. This period was marked by a strong political and economic instability and it is possible to notice a great volatility in the Bovespa index. This dissertation aims at evaluating, under the behavioral finance aspects, whether or not there is any indication that there has been any movement of herding in a recent period in the Brazilian stock market. Other studies have already tested the model of Cheng et. Al in other markets and in the Brazilian market itself in different periods. After analyzing the results of the model in the mentioned period, it was not possible to find evidence of a herd behavior in the Brazilian market.
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