首页    期刊浏览 2024年12月05日 星期四
登录注册

文章基本信息

  • 标题:Portfolio selection between rational and behavioral theories emergent markets case
  • 本地全文:下载
  • 作者:Ezzeddine Ben Mohamed ; Bouri Abdelfatteh
  • 期刊名称:Management Science Letters
  • 印刷版ISSN:1923-9335
  • 电子版ISSN:1923-9343
  • 出版年度:2012
  • 卷号:2
  • 期号:4
  • 页码:1219-1232
  • DOI:10.5267/j.msl.2012.02.015
  • 出版社:Growing Science
  • 摘要:The aim of this paper is to explore the determinants of Portfolio Choice under the investors, professionals and academics’ perception. We introduce an approach based on cognitive mapping technique with a series of semi-directive interviews. Among a sample of 30 Tunisian individuals, we propose tow different frameworks: a mean-variance framework and a behavioral framework. Each framework is oriented to capture the effect of some concepts as proposed by the mean-variance portfolio theory and the behavioral portfolio theory on the portfolio choice decision. The originality of this research paper is guaranteed since it traits the behavioral portfolio choice in emergent markets. In the best of our knowledge this is the first study in the Tunisian context that explores such area of research. Ours results show that the Tunisian investors behave as it prescribed by the behavioral portfolio theory. They use some concepts proposed by the rational mean-variance theory of portfolio choice but they are affected by their emotions and some others cognitive bias when constructing and managing they portfolio of assets.
  • 关键词:Mean-variance portfolio choice; Behavioral portfolio choice; Determinants of portfolio choice; Cognitive maps
国家哲学社会科学文献中心版权所有