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ROMANIAN CAPITAL MARKET AND THE INFORMATIONAL EFFICIENCY

Dima, Bogdan; Barna, Flavia; Pirtea, Marilen - Volkswirtschaftliche Fakultät, … - 2007

Many financial studies are based on the efficient capital markets hypothesis. In this context, testing the existence of this concept becomes an interesting field of study for the emerging capital market. The aim of this paper is to enlighten the difficulties of portfolio construction in a...

Persistent link: https://www.econbiz.de/10005260312

Does Coarse Thinking Matter for Option Pricing? Evidence from an Experiment

Siddiqi, Hammad - Volkswirtschaftliche Fakultät, … - 2009

Mullainathan et al [Quarterly Journal of Economics, May 2008] present a model of coarse thinking or analogy based thinking. The essential idea behind coarse thinking is that people put situations into categories and the values assigned to attributes in a given situation are affected by the...

Persistent link: https://www.econbiz.de/10005619287

The companies financial architecture and the market values: is there an interlinkage ? The case of Bucharest Stock Exchange

Pirtea, Marilen; Dima, Bogdan; Milos, Laura Raisa - Volkswirtschaftliche Fakultät, … - 2009

Nowadays there is a large debate on whether the financial information proves any relevance for the investors … deterioration of the relationship between accounting information and stock prices. Although, the main findings of this paper consist … evidences to support the importance of financial information in portfolio’ management decisions. In a sense or another, the …

Persistent link: https://www.econbiz.de/10008490526

THE ANALISIS OF THE BET-FI INDEX’S STATIC PROPERTIES

Dima, Bogdan; Barna, Flavia; Pirtea, Marilen; Nachescu, … - Volkswirtschaftliche Fakultät, … - 2007

The financial sector of the Bucharest Stock Exchange, reflected in the BET-FI index, has gone through important changes during the last few years, becoming very attractive for the individual and institutional investors. This paper’s aim is to offer an analysis of the static proprieties of the...

Persistent link: https://www.econbiz.de/10005620136

The Analysis of the Bucharest Stock Exchange Financial Sector

Dima, Bogdan; Pirtea, Marilen; Barna, Flavia; Murgea, Aurora - Volkswirtschaftliche Fakultät, … - 2007

The Romanian financial market has passed in the last years through a large “maturating” and consolidation process which has created an unfinished architecture, harmonising step by step with the capital markets from European Union. One possible way to analyse the empirical characteristics of...

Persistent link: https://www.econbiz.de/10005789500

MACROECONOMIC DETERMINANTS OF THE INVESTMENT FUNDS MARKET. THE ROMANIAN CASE

Dima, Bogdan; Barna, Flavia; Nachescu, Miruna - Volkswirtschaftliche Fakultät, … - 2006

The evolution of the investment funds market is influenced by a number of factors that have a more or less significant impact upon the trend this market follows. The implementing of stimulating policies in what concerns the development of the investment funds market, strictly connected to the...

Persistent link: https://www.econbiz.de/10005790013

EFICIENŢA PIEŢEI FINANCIARE DIN ROMÂNIA - CONDIŢIE NECESARĂ ÎN PERSPECTIVA ADERĂRII LA UNIUNEA EUROPEANĂ

Barna, Flavia; Dima, Bogdan; Labunet, Aurora - Volkswirtschaftliche Fakultät, … - 2003

No country can develop without an active financial market, able to offer the conditions for financing national economy and also, an advantageous way of investing the temporary available resources. Having in mind this idea, the objective of this paper is to reveal the main coordinates of Romanian...

Persistent link: https://www.econbiz.de/10005790225

Explaining the Smile in Currency Options: Is it Anchoring?

Siddiqi, Hammad - Volkswirtschaftliche Fakultät, … - 2015

An anchoring adjusted currency option pricing formula is developed in which the risk of the underlying currency is used as a starting point which gets adjusted upwards to arrive at the currency call risk. Anchoring bias implies that such adjustments are insufficient. The new formula converges to...

Persistent link: https://www.econbiz.de/10011250911

Rational Interacting Agents and Volatility Clustering: A New Approach

Siddiqi, Hammad - Volkswirtschaftliche Fakultät, … - 2007

Here, we show that agents who are ex ante rational, if allowed to interact locally, may generate clustering of volatility. Hence, there is no need to reject the notion of rationality in agent based models.

Persistent link: https://www.econbiz.de/10005260132

Coarse Thinking and Pricing a Financial Option

Siddiqi, Hammad - Volkswirtschaftliche Fakultät, … - 2009

Mullainathan et al [Quarterly Journal of Economics, May 2008] present a formalization of the concept of coarse thinking in the context of a model of persuasion. The essential idea behind coarse thinking is that people put situations into categories and the values assigned to attributes in a...

Persistent link: https://www.econbiz.de/10008541492