Behavioral Finance: An Empirical Study of the Tunisian Stock Market

Mustapha Chaffai; Imed Medhioub

Makale detayları

Behavioral Finance: An Empirical Study of the Tunisian Stock Market

Yazarlar:

Mustapha Chaffai | Imed Medhioub

Yayıncı:

İlhan ÖZTÜRK

Dergi:

International Journal of Economics and Financial Issues 2014 Vol.4 Issue 3, pp.527-538

Belge Tipi:

Makale

Yayın Tarihi:

8/2014

Belge Dili:

Türkçe

Document ID (Org No.):

2000814419

Sıklık:

İki Aylık

eISSN:

2146-4138

Özet:

 

Behavioral finance attempts to give some explanations to the psychological and emotional factors involved in the stock market and that affect the behavior of investors and the market efficiency. In this paper we study the influence of these psychological and emotional factors on the behavior of Tunisian stock market investors. Based on a questionnaire distributed to the Tunisian investors in the stock market, and by using the Multiple Correspondence analysis, we focus to explain how the behavioral finance can affect Tunisian stock market. We conclude that persons having a high level of education are subject to behavioral biases, and agents who invest amounts between 1,000 and 20,000 TND are most vulnerable to behavioral biases. And then we can say that information on the market cannot lead to the market efficiency.

Makale detayları

Behavioral Finance: An Empirical Study of the Tunisian Stock Market

Yazarlar: Mustapha Chaffai | Imed Medhioub

Yayıncı: İlhan ÖZTÜRK

Dergi: International Journal of Economics and Financial Issues 2014 Vol.4 Issue 3, pp.527-538

Belge Tipi: Makale

Yayın Tarihi: 8/2014

Belge Dili: Türkçe

Document ID (Org No.): 2000814419

Sıklık: İki Aylık

eISSN: 2146-4138

Sayı

Yazarlar:

Mustapha Chaffai | Imed Medhioub

Yayıncı:

İlhan ÖZTÜRK

Dergi:

International Journal of Economics and Financial Issues 2014 Vol.4 Issue 3, pp.527-538

Belge Tipi:

Makale

Yayın Tarihi:

8/2014

Belge Dili:

Türkçe

Document ID (Org No.):

2000814419

Sıklık:

İki Aylık

eISSN:

2146-4138