IDEAS home Printed from https://ideas.repec.org/a/aic/journl/y2008v55p111-119.html
   My bibliography  Save this article

Investor’s psychology cycle on the romanian capital market

Author

Listed:
  • Aurora Murgea

    (Finance Department, Faculty of Economics and Business administration, West University of Timisoara)

Abstract

Modern financial economics assumes that we behave with extreme rationality but we do not. Furthermore, our deviations from rationality are often systematic.This paper tries to offer a starting point in the investor’s psychology analyses in the framework of the latest events in the Romanian capi-tal market. The main conclusion is that the two main phenomenon noticed on this market – the “auto-sustainable” downward trend and the tendency for increase in the market intrinsic volatility lead to a mouvement in the investors’ psychology cicle from the enthusiastic position (in the final of 2007) to the fear/panic position in the October 2008.

Suggested Citation

  • Aurora Murgea, 2008. "Investor’s psychology cycle on the romanian capital market," Analele Stiintifice ale Universitatii "Alexandru Ioan Cuza" din Iasi - Stiinte Economice (1954-2015), Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, vol. 55, pages 111-119, November.
    • Handle: RePEc:aic:journl:y:2008:v:55:p:111-119
    as

    Download full text from publisher

    File URL: http://anale.feaa.uaic.ro/anale/resurse/013_F05_Murgea.pdf
    Download Restriction: no
    File URL: http://anale.feaa.uaic.ro/anale/ro/Arhiva%202008%20-%20Murgea/219
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aic:journl:y:2008:v:55:p:111-119. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sireteanu Napoleon-Alexandru (email available below). General contact details of provider: https://edirc.repec.org/data/feaicro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.