Quais os fatores determinantes do herding reputacional nos investidores institucionais em Portugal?

Abstract

The aim of this thesis is to respond to the existence of reputational herding in institutional investors operating in the Portuguese market, through the influence of determinants such as age, academic qualifications and years of experience working in the area that this type of investor evidence. As such, the research question to be considered is: Which are the determining factors of reputational herding in institutional investors in Portugal? In general terms, with the results obtained we verified the presence of reputational herding by institutional investors operating in this market, and for the determinant age and years of experience it was verified to exist a positive influence. When it comes to the determinant academic qualifications, we didn´t obtain a result that allowed us to draw an illation. From an originality perspective, this thesis is based on three pillars. The data collection method used in the research, the approach to the subject in question for the specific type of investors and especially their application in the market under consideration, are topics never discussed before all at the same time. Therefore, all these are attributes that give relevance to this work.

Date of Award	17 Jul 2017
Original language	Portuguese
Awarding Institution	Universidade Católica Portuguesa
Supervisor	Mário Ferreira (Supervisor)