Análise sociométrica da produção científica em finanças no Brasil 1979-2012

Abstract

The aim of this research was to identify, from the point of view of the knowledge building theory, the most important authors and institutions involved in finance research publications, from 1979 to 2012, to follow how the knowledge was built in this area. It was made a sociometric study of descriptive character, involving 223 articles from 78 journals. For this, the articles were divided in six thematic areas - Portfolio Theory, Capital Structure and Dividend Policy, CAPM, Market Efficiency, Price Options and Behavior Finance. Moreover, it was made the presentation of the cooperation social networks, splitting authors and institutions according to the thematic areas. Subsequently, it was made the analysis of the areas and institutions that most represent the publications in the searched population, as well as how the building of this knowledge occurred, based on the concepts of normal science and Thomas Kuhn paradigm. The following results were obtained, mapped and followed by the social network analysis (SNA): a) the theories that compose the Modern Finance Theory have their constitution anomalous concerning the paradigms; b) in the normal course of science, response to crisis was through new finance and its behavior model; c) the results presented between the dichotomy full and limited rationality in finance fit in the concept of normal science, according to its building course; d) Finance is a research area that has already presented its scientific paradigm; e) the comparison between the periods of published research and the knowledge building, in various moments, occurs through pre-paradigmatic periods, and its first divergence point was defined based on the real behavior factor. The answer was the insurgence and the insertion of behavior models in agents' decisions, which appeared in publications only in the last two decades, even under questionings of the dominant paradigm.