Effect of the Business Cycle on Investment Strategies: Evidence from Mexico.
Fuente:
Redalyc
Salvato in:
| Autore principale: | |
|---|---|
| Natura: | Artículo científico |
| Lingua: | en |
| Pubblicazione: |
Instituto Mexicano de Ejecutivos de Finanzas A.C.
2016
|
| Soggetti: | |
| Accesso online: | |
| Tags: |
Aggiungi Tag
Nessun Tag, puoi essere il primo ad aggiungerne!!
|
| _version_ | 1876475796956119040 |
|---|---|
| author | Mauricio Cervantes |
| author_facet | Mauricio Cervantes |
| contents | Effect of the Business Cycle on Investment Strategies: Evidence from Mexico. Mauricio Cervantes Miguel Ángel Montoya L. Arturo Bernal Ponce Economía y Finanzas Asset Pricing Market Efficiency Investment Decisions International Finance The main objective of this research is to analyze whether the business cycle has an effect on investment strategies. In order to ascertain this, we use as methodology, a multifactorial time series analysis. Specifically, we test whether short-term cycle investment strategies and long-term cycle investment strategies can be observed. We use data from the Mexican Stock Exchange, for the period 1993 - 2006. Our results show statistical evidence of short-term cycle but not for long-term cycle investment opportunities. One of the implications of this discovery is that these results add to the works that challenge the efficient market hypothesis. As a conclusion, this work adds some evidence to the writing that link the financial sector with economic activity. In particular, we found some evidence of a relationship between business cycle and short-term investment strategies. 2016 artículo científico 1665-5346 https://www.redalyc.org/articulo.oa?id=423746532003 https://www.redalyc.org/journal/4237/423746532003/ https://www.redalyc.org/journal/4237/423746532003/html/ https://www.redalyc.org/journal/4237/423746532003/423746532003.epub https://www.redalyc.org/journal/4237/423746532003/movil en http://www.redalyc.org/revista.oa?id=4237 Revista Mexicana de Economía y Finanzas. Nueva Época / Mexican Journal of Economics and Finance application/pdf Instituto Mexicano de Ejecutivos de Finanzas A.C. Revista Mexicana de Economía y Finanzas. Nueva Época / Mexican Journal of Economics and Finance (México) Num.2 Vol.11 |
| format | Artículo científico |
| id | redalyc_423746532003 |
| institution | Redalyc |
| language | en |
| publishDate | 2016 |
| publisher | Instituto Mexicano de Ejecutivos de Finanzas A.C. |
| spellingShingle | Effect of the Business Cycle on Investment Strategies: Evidence from Mexico. Mauricio Cervantes Economía y Finanzas Asset Pricing Market Efficiency Investment Decisions International Finance Effect of the Business Cycle on Investment Strategies: Evidence from Mexico. Mauricio Cervantes Miguel Ángel Montoya L. Arturo Bernal Ponce Economía y Finanzas Asset Pricing Market Efficiency Investment Decisions International Finance The main objective of this research is to analyze whether the business cycle has an effect on investment strategies. In order to ascertain this, we use as methodology, a multifactorial time series analysis. Specifically, we test whether short-term cycle investment strategies and long-term cycle investment strategies can be observed. We use data from the Mexican Stock Exchange, for the period 1993 - 2006. Our results show statistical evidence of short-term cycle but not for long-term cycle investment opportunities. One of the implications of this discovery is that these results add to the works that challenge the efficient market hypothesis. As a conclusion, this work adds some evidence to the writing that link the financial sector with economic activity. In particular, we found some evidence of a relationship between business cycle and short-term investment strategies. 2016 artículo científico 1665-5346 https://www.redalyc.org/articulo.oa?id=423746532003 https://www.redalyc.org/journal/4237/423746532003/ https://www.redalyc.org/journal/4237/423746532003/html/ https://www.redalyc.org/journal/4237/423746532003/423746532003.epub https://www.redalyc.org/journal/4237/423746532003/movil en http://www.redalyc.org/revista.oa?id=4237 Revista Mexicana de Economía y Finanzas. Nueva Época / Mexican Journal of Economics and Finance application/pdf Instituto Mexicano de Ejecutivos de Finanzas A.C. Revista Mexicana de Economía y Finanzas. Nueva Época / Mexican Journal of Economics and Finance (México) Num.2 Vol.11 |
| title | Effect of the Business Cycle on Investment Strategies: Evidence from Mexico. |
| topic | Economía y Finanzas Asset Pricing Market Efficiency Investment Decisions International Finance |
| url | https://www.redalyc.org/articulo.oa?id=423746532003 https://www.redalyc.org/journal/4237/423746532003/ https://www.redalyc.org/journal/4237/423746532003/html/ https://www.redalyc.org/journal/4237/423746532003/423746532003.epub https://www.redalyc.org/journal/4237/423746532003/movil |