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dc.contributor.advisorRuiz-Vargas, Yolanda
dc.contributor.authorPalacio-García, Carlos A.
dc.date.accessioned2018-01-26T17:24:11Z
dc.date.available2018-01-26T17:24:11Z
dc.date.issued2014
dc.identifier.urihttps://hdl.handle.net/20.500.11801/138
dc.description.abstractEste estudio examina si los cambios en los límites de la deuda estatutaria de los Estados Unidos de Norteamérica tiene un efecto sobre el sentir del inversionista. Se utilizó el modelo de regresión de mínimos cuadrados ordinarios para establecer la relación que existe entre las variables explicativas y las que miden el sentir del inversionista (VIX y PCR). Se tomó en consideración nueve cambios a la deuda desde el 2007 hasta el 2012, incluidos en siete ventanas de eventos. Los resultados indican que los cambios en los límites de la deuda no tienen un efecto estadísticamente significativo sobre el sentir del inversionista en la mayoría de las ventanas de eventos. La mejor variable que explica la variación de VIX y PCR es la que representa el mercado en general. Para estudios futuros se recomienda incluir otras medidas del sentir del inversionista y otras variables explicativas.
dc.description.abstractThis study examines whether changes in the statutory debt limit of the United States has an effect on investor sentiment. The ordinary least squares regression model was used to establish the relationship between the explanatory variables and the investor sentiment proxies (VIX and PCR). There were seven event windows, which included nine changes to the debt limit from 2007 to 2012. The results indicate that changes in debt limit have no statistically significant effect on investor sentiment in most of the event windows. The best variable explaining the variation of the VIX and PCR is the one that represents the overall market. For future studies it is recommended the inclusion of other sentiment proxies and other explanatory variables.
dc.language.isoenen_US
dc.subjectStatutory debten_US
dc.subjectInvestoren_US
dc.subject.lcshDebts, Publicen_US
dc.subject.lcshBondholders--Attitudesen_US
dc.titleWhether investor sentiment is affected by changes in the statutory limit of U.S. federal debten_US
dc.typeThesisen_US
dc.rights.licenseAll rights reserveden_US
dc.rights.holder(c) 2014 Carlos A. Palacio Garcíaen_US
dc.contributor.committeeDávila Padilla, Saylisse
dc.contributor.committeeCruz Cruz, José A.
dc.contributor.representativePagán Parés, Omell
thesis.degree.levelM.B.A.en_US
thesis.degree.disciplineBusiness Administration-Generalen_US
dc.contributor.collegeCollege of Business Administrationen_US
dc.contributor.departmentDepartment of Business Administrationen_US
dc.description.graduationSemesterSpringen_US
dc.description.graduationYear2014en_US


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