Business, Management and Education, Vol 10, No 1 (2012)

Market Behaviour: Case Studies of NASDAQ OMX Baltic

Jelena Stankevičienė (Vilnius Gediminas Technical University, Lithuania)
Natalija Gembickaja (Vilnius Gediminas Technical University, Lithuania)

Abstract


The paper examines market behaviour, defines the concept of behavioural finance and exhaustively analyzes the varying behaviour of market participants and occurring examples. The article deals with the issues of possible anomalies describing their main features. The conducted research is aimed at investigating two anomalies in the Baltic Stock Exchanges, including branches in Tallinn, Riga and Vilnius. The publication selects specific stocks listed in the equity market and analyzes their features. The obtained results are compared to discuss differences and characteristics of the markets. The paper also presents an original examination of the practical aspects of momentum and contrarian anomalies, underlies recommendations and helps financial market participants with a better understanding of the influence of anomalies from an economic perspective and with improving their competitiveness thus helping them to make appropriate decisions.

Article in: English

Article published: 2012-06-18

Keyword(s): market behaviour; behavioural finance; financial market anomalies; momentum and contrarian anomalies

DOI: 10.3846/bme.2012.09

Full Text: PDF pdf

 

Cited-By

1. Market Price Forecasting and Profitability – How to Tame Mrandom Walk?
Bohumil Stádník
Verslas: teorija ir praktika  vol: 14  issue: 2  first page: 166  year: 2013  
doi: 10.3846/btp.2013.18




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