03.09.2021
At the beginning of September the book of Ch. Assistant Professor Dr. Bozhidar Nedev "The effect of inertia of the Bulgarian Stock Exchange AD. Behavioral Finance Analysis" was finished and is now out of print.
This issue examines one of the most significant market anomalies in the capital markets over time - the inertia effect. The focus is on the science of behavioral finance and the Bulgarian stock market. The thesis of the study states that during the pre-crisis period (2004-2007) the Bulgarian Stock Exchange AD - Sofia provided an opportunity to predict the return on traded equity instruments in the next 12 months based on their performance in the previous equivalent period. Empirical results show that the effect of inertia is not available throughout the study period from January 2004 to July 2017 due to the strong negative impact of the Great Recession of 2008-2009 on the processes of BSE AD. The book is suitable for professionals in the field of financial markets, as well as for any reader interested in these issues.
Bozhidar Nedev is a doctor of political economy and chief assistant at the Department of Finance and Accounting at the Faculty of Economics and Business Administration at Sofia University "St. Kliment Ohridski”. Conducts classes in the disciplines: "Introduction to Finance", "Corporate Finance", "Financial Institutions and Markets", "Introduction to Behavioral Finance" and others. He is the head of the master's programs "Finance and Banking" and "Finance and Investment", responsible for the bachelor's program "Business Administration in German", participates in the activities of the Career Center of the Faculty of Economics and Business Administration. His research interests cover the field of corporate and behavioral finance.