Financial behaviour of investors and its impact on the efficiency of financial markets.
The Structure of the proposal (please note that the study will be made in Australia so make sure that you explain the proposal in that sense and to state the data to be collected in Australia)
Introduction (you need to state what? Why? And how? Which will include the research questions)
Literature Review ( again how and why? and you will also have to literature on topic, literature on method, theoretical approach, find a hole and look for debates please be critical). The following are some suggestion of the headings and subheadings you should look for to explain the literature review.
- Financial liaison
- brokers in the stock exchange
- Realtor
- Realtor agent
- Lounge dealers
- E-Brokers
- Stock orders
- Exchange pricing
- The theories of the efficiency of financial marketing
- brokers in the stock exchange
Methodology (how? You will need to define the research design to be used, research procedures, kind of data, collection procedures, selection and access, ethic statement and hypothesis will be tested in this project (it has to be novel according to the gap in the literature). The following is in a equations it might be helpful for you to define the methodology and how you measure the data. You can use more than one equation.
E ( Pj,t+1|t)= Pj,t[ 1+E(Rj,t+1|t ]
E(r j,t+1 )= E(Pj,t +1|)- pjt
Preliminary Data (what? in this section you will need to define evidence of importance, informs methodology, important categories and relationships and limitations.
Conclusion ( a sum up of the proposal).
Sources might be helpful;
Bachelier, L. (2000). “Theory of Speculation“, In Cootner (1964) pp. 17-78 Encyclopedia,p294.
Cowles, A.(1933). “Can Stock Market Forecasters Forecast?”.Econometrica, 1, pp. 309-.423
Cowles, A. (1944). “Stock Market Forecasting”, Econometrica, 12, pp. 206-.412
Kendall, M. 1953. “The Analysis of Economic Time-Series-Part I: Prices”. Journal of the Royal
Statistical Society, Vol. 116, No.1, pp. 11–.43 , No. 2, pp.145-173
Osborne, M.F. 1959. “Brownian motion in the stock market”, Operations Research, Vol. suggestions”. Journal of Finance, Vol. 14, No.1, pp. 1-
Roberts, H.V. 1959. “Stock-market patterns and financial analysis: methodological
Fama, E. (1965). “The Behavior of Stock Market Prices”, Journal of Business, 38, pp. 34-105.
Samuelson, P.A. 1965. “Proof that properly anticipated prices fluctuate randomly.” Industrial Management Review, Vol. 6, No. 2, pp. 41-.94
Fama, E. (1970). “Efficient Capital Markets: A Review of Theory and Empirical Work”, Journal of Finance, 25, pp. 383-417
Cootner, P. (ed.) (1964). The Random Character of Stock Market Prices, MIT Press. Copeland, Thomas and Dan Galai (1983). “Information Effects on the Bid- Ask Spread”, Journal of Finance, 38, pp. 1457-.9641
Shleifer.A, 2000 “inefficient markets :an introduction to behavioral finance”clarendon lecturesnin
economics,oxford.p2.
J¨urgen Huber, Michael Kirchler, Matthias Sutter “Is more information always better?Experimental financial marketswith cumulative information” Journal of Economic Behavior & Organization Vol. 65 (2008) 86–104,p88