Behavioral Finance in Brazil: A Bibliometric Study from 2007 to 2017

Silva, Paulo Vitor Jordão da Gama; Santos, Jordana Brandalise; Pereira, Gabrielle Portes

doi:10.1080/10978526.2019.1578177

Cited by 15 publications

(7 citation statements)

References 57 publications

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“…However, what differentiates this study from the previous ones is the fact that it analyzes the issues related to consigned credit, adding different aspects, such as: the individual's personality traits, the attitude to risk he presents, whether or not he has financial knowledge, and the reported profile characteristics. Furthermore, some studies have already been carried out focusing mainly on students or teachers (Silva, et al 2019); however, the reality of the military is unique since the specificities inherent to the military career and the socioeconomic contexts are also different.…”

Section: 4mentioning

confidence: 99%

Personality, Risk and Financial Planning: A Consigned Credit Analysis

de Souza Júnior,

da Gama Silva

2024

Journal of Applied Finance &Amp; Banking

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This article examines Brazilian Navy personnel's psychological and behavioral characteristics in the context of credit risk, the consigned credit, utilizing multiple linear regressions and correspondence analyses. Incorporating personality traits through the Big Five model, the research considers various sociodemographic and military characteristics. The payroll-deductible loan sample comprises individuals with high financial planning and above-average or high-risk tolerance. This research contributes novel insights by integrating personality traits as determinants of military indebtedness, financial planning, and risk tolerance. The study reveals that the personality trait "openness to experience" positively impacts financial planning, indicating a tendency toward financial discipline. Women, older individuals, and those with less service time exhibit a riskier financial profile. The research identifies a lack of basic financial knowledge among indebted military personnel, underscoring the need for interventions to address this issue. Financial planning and risk tolerance are critical factors influencing decisions, reflecting broader societal challenges of increasing indebtedness and financial illiteracy. JEL classification numbers: D14, G21, G32. Keywords: Credit Risk, Personality Traits, Risk-taking, Consigned Loans, Military Personnel in Brazil.

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Section: 4mentioning

confidence: 99%

Personality, Risk and Financial Planning: A Consigned Credit Analysis

de Souza Júnior,

da Gama Silva

2024

Journal of Applied Finance &Amp; Banking

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“…These researchers emphasized issues such as the efficient market hypothesis, anomalies/returns, dividend policy, and prediction models in the stock market. Additionally, Chun-Hao and Jian-Min (2012), Silva, Santos, and Pereira (2019), Ali and Bashir (2022), Khan et al (2022), Dosso and Aysan (2022), Abubakar and Aysan (2022) sought to provide guidance for future research in the field of finance, using the bibliometric approach to conduct a literature review focusing on asset pricing, FinTech, behavioral finance, social finance, and financial risk.…”

Section: Introductionmentioning

confidence: 99%

Evolución de la producción científica en el Mercado Eficiente: Estudio bibliométrico

Moraes,

Furtini,

Prado

et al. 2024

Contextus

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Contextualização: O texto destaca a importância da Eficiência de Mercado no ambiente dinâmico e complexo do mercado, que tem sido amplamente estudada e analisada. A abordagem desse tema desperta interesse no meio acadêmico e tem sido objeto de diversos estudos. Objetivo: O estudo tem como objetivo mapear a produção científica relacionada ao conceito de Mercado Eficiente, analisando a evolução dos trabalhos acadêmicos e pesquisas sobre o tema ao longo do tempo. Método: A pesquisa adota uma abordagem descritiva com enfoque quantitativo e análise bibliométrica para mensurar os índices de produtividade científica em um tema específico. Foram identificados 478 artigos relevantes nas bases de dados do Web of Science e Scopus no período de 1977 a 2023. Os softwares EndNote e Bibliometrix R foram utilizados para análise, seguida pela elaboração de tabelas e gráficos estatísticos para apresentação nos softwares Biblioshiny e VOSviewer. Resultados: A análise dos dados revelou um aumento constante nas publicações no campo das finanças relacionadas ao tema, com destaque para periódicos específicos. As afiliações dos periódicos se concentraram principalmente nas regiões da América, Europa e Ásia, em áreas como estatística, economia, negócios e gestão. Referências importantes e temas abordados incluíram eficiência de mercado, finanças comportamentais e eficiência do mercado de ações. Eugene Fama foi destacado como o autor mais influente. Quanto às tendências futuras, áreas como análise da eficiência de mercado, gestão de risco e previsibilidade em períodos de conflitos globais foram identificadas, requerendo métodos complexos e inovadores. Conclusões: Esses resultados contribuem para a ampliação do conhecimento e entendimento sobre eficiência de mercado, incentivando a busca por abordagens inovadoras e complexas para avançar ainda mais nesse campo de estudo.

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“…The international literature exploring Brazil uses secondary data and multi-country studies (see Oprean and Tanasescu, 2014;Souza et al, 2018;Edmans et al, 2022). Silva et al (2018) mapped behavioural finance research in Brazil. Exploring the international literature, we can see that this is the first study in English that analyses the decoy effect in investment decisions in Brazil.…”

Section: Introductionmentioning

confidence: 99%

Behavioural finance: the decoy effect on stock investment decisions

Okumura,

Pimenta Júnior,

Maemura

et al. 2023

JEFAS

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PurposeThis study aims to investigate the occurrence of the decoy effect in stock investment decisions based on fundamental analysis.Design/methodology/approachIn this study, the decoy effect was investigated by applying two questionnaires, one of them with the presence of a decoy alternative, to a set of 224 respondents with knowledge of business fundamentals, simulating investment decisions in stocks of companies listed on the Brazilian Stock Exchange. The data analysis was performed using the Fisher's exact test, Student's t-test and ANOVA. The research also aimed to detect a potential relationship between the variables gender, age, degree and professional experience with the type of decision made.FindingsThe results pointed to the occurrence of the decoy effect when analysing the general response data. However, such evidence was not confirmed when the sample was analysed by classes (gender, course, age and professional experience). There is no statistical evidence that the decoy effect influences classes.Originality/valueThe recent decoy effect literature is little explored in investment decision-making. This study is unique in examining the decoy effect in investment decisions in the Brazilian context.

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Behavioral Finance in Brazil: A Bibliometric Study from 2007 to 2017

Cited by 15 publications

References 57 publications

Personality, Risk and Financial Planning: A Consigned Credit Analysis

Personality, Risk and Financial Planning: A Consigned Credit Analysis

Evolución de la producción científica en el Mercado Eficiente: Estudio bibliométrico

Behavioural finance: the decoy effect on stock investment decisions

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