أثر سلوك المستثمرين الماليين في تحديد منظومة أسعار القيم المالية : دراسة قياسية لمؤشر التقلبات VIX المرجعي خلال فترة (2010-2018)‎

الملخص EN

This study analyzes explanatory approaches to the impact of financial behavior on determining the valuation of financial assets, which paves the way for the adoption of a financial behavioral approach, given the problematic transmission of financial contagion behavior.

between valuations of financial assets, The reason for the study to analyze the VIX index, the best indicators reflecting the behavior of investors in the financial markets, highlighting the impact of volatility financial series on financial returns through EGARCH / GARCH-M models.

The study revealed a concentration of financial behavior over short periods, which resulted in large anomalies in financial returns chains at extreme values Exceptional, which explains the strong impact of the behavior of financial investors on the pricing of financial values