• ISSN: 2010-023X
    • Frequency: Bimonthly
    • DOI: 10.18178/IJTEF
    • Editor-in-Chief: Prof.Tung-Zong (Donald) Chang
    • Executive Editor: Ms. Cherry L. Chen
    • Abstracting/ Indexing: Engineering & Technology Digital Library, ProQuest, Crossref, Electronic Journals Library, DOAJ , EBSCO, and Ulrich's Periodicals Directory
    • E-mail: ijtef@ejournal.net
IJTEF 2014 Vol.5(1): 48-51 ISSN: 2010-023X
DOI: 10.7763/IJTEF.2014.V5.339

Testing Behavioral Asset Pricing Models on Russian Financial Market

Semen Y. Bogatyrev
Abstract—Behavioral finance attracts a great interest in Russia, but there are few studies in this field due to limited research base and a lack of literature on this topic. Such studies are done at Financial University under the Government of Russian Federation. The article outlines the stages of the development of Behavioral finance in Soviet Union and modern Russia. In the article the problems of the research on this topic are stipulated. The process of developing, the basis of the Behavioral finance in Russia is described. The results of some behavioristic researches in Russian M&A and stock markets are presented. The perspectives of the further development of the Behavioral finance are outlined. The latest behavioristic models of recognized scientists of Behavioral finance are implemented in Russian markets. This is the original and significant contribution to the implementation of Behavioral asset pricing models in Russia and never was done before.

Index Terms—Behavioral finance, behavioral valuation, DHS model, overconfidence.

Semen Y. Bogatyrev is with the Financial University under the Government of the Russian Federation, Russian (e-mail: sybogatyrev@gmail.com).

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Cite:Semen Y. Bogatyrev, "Testing Behavioral Asset Pricing Models on Russian Financial Market," International Journal of Trade, Economics and Finance vol.5, no.1, pp. 48-51, 2014.

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