This diploma thesis is focused on speculative bubbles and their detection in the stock market. Bubbles are examined from the perspective of efficient markets theory and behavioral finance. Main part of the theory of valuing stock market is dedicated to a psychological analysis. The final chapter of the theoretical part deals with speculative bubbles, their definitions, types, causes, process and consequences of the burst of speculative bubbles. Main contribution of thesis is performance of indicators identifying speculative bubbles and their application in empirical part of the thesis. Reliability of indicators is verified on historical bubbles data from 1980 to 2014. The conclusion apply to fulfilling the objectives of the work and evaluation of individual indicators.
| Identifer | oai:union.ndltd.org:nusl.cz/oai:invenio.nusl.cz:251310 |
| Date | January 2015 |
| Creators | Němec, Vojtěch |
| Source Sets | Czech ETDs |
| Language | Czech |
| Detected Language | English |
| Type | info:eu-repo/semantics/masterThesis |
| Rights | info:eu-repo/semantics/restrictedAccess |
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