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- Title
REVERSÃO À MÉDIA NOS MERCADOS BOLSISTAS INTERNACIONAIS: DA CRISE DAS EMPRESAS TECNOLÓGICAS À CRISE FINANCEIRA GLOBAL.
- Authors
de Sousa Gabriel, Vítor Manuel; Pires Manso, José Ramos
- Abstract
This study analyzes the process of mean reversion in international stock markets. Resorting to the approach of Wright (2000) and Belaire-Franch and Opong (2005), twelve European and non-European markets were selected, representing over 62% of the global capitalization, and the period from 4th October 1999 to 30th June 2011 was chosen. A clear evidence of mean reversion in stock markets was identified during all sampling periods. The results showed great interest to investors and portfolio managers, to defining strategies for investment resources allocation.
- Subjects
STOCK exchanges; EXPORT marketing; REVERSION; FINANCIAL crises; CORPORATE finance; PORTFOLIO managers (Investments)
- Publication
Egitania Sciencia, 2014, p72
- ISSN
1646-8848
- Publication type
Article