| Title |
Kultūros psichologijos svarba minios efekto pasireiškimui Baltijos ir Skandinavijos šalių akcijų rinkose / |
| Translation of Title |
The Importance of Cultural Psychology to the Herding Behaviour Manifestation in Baltic and Scandinavian Stock Markets. |
| Authors |
Grikietytė-Čebatavičienė, Jurga |
| Full Text |
|
| Pages |
90 |
| Keywords [eng] |
Herding behaviour ; absolute deviation of returns ; Hofstede`s cultural dimensions |
| Abstract [eng] |
Widespread investor behaviour research reveals that investment decisions depends not only on the results of the technical and fundamental analysis. Furthermore, it is effected by subjective factors. It is increasingly recognized that culture plays an important role in making financial decisions and has a significant effect on financial results. It is believed that the cultural differences between countries are important for the analysis of investment decisions. Moreover, it has significance for the research of deeper market problems such as Harding behaviour. Harding behaviour is a quite common phenomenon on financial markets. It manifest itself as a tendency of investors to copy other market participants' decisions, ignoring the personal information and assessments. However, there are a lack of studies analysing the psychological, social and cultural causes of Harding behaviour. The objective of research: The impact of cultural diversity on Harding behaviour manifestation in Baltic and Nordic stock markets. The aim: To evaluate the impact of the cultural characteristics of Baltic and Scandinavian countries on the manifestation of Harding behaviour on stock markets. |
| Dissertation Institution |
Kauno technologijos universitetas. |
| Type |
Master thesis |
| Language |
Lithuanian |
| Publication date |
2016 |
