Este trabajo investiga la validez de la hipótesis Return-chasing de Anthony Tu en economías latinoamericanas, europeas y asiáticas. Se analiza el comportamiento de inversionistas en relación al riesgo/retorno, comparando índices de Brasil, Chile, Colombia, Alemania, España, Reino Unido, China, Singapur e India entre 2006 y 2019.
In Latin American, European and Asian economies
The research investigates the validity of Anthony Tu's Return-chasing hypothesis across Latin American, European, and Asian economies, focusing on investor behavior in relation to risk and return. A descriptive study analyzed data from stock indexes in Brazil, Chile, Colombia, Germany, Spain, the UK, China, Singapore, and India from January 2006 to December 2019. Utilizing a Garch-M model, the study reveals that capital inflows impact each economy differently, highlighting distinct behaviors between emerging and developed markets.