<?xml version="1.0" encoding="ISO-8859-1"?><article xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
<front>
<journal-meta>
<journal-id>1665-5346</journal-id>
<journal-title><![CDATA[Revista mexicana de economía y finanzas]]></journal-title>
<abbrev-journal-title><![CDATA[Rev. mex. econ. finanz]]></abbrev-journal-title>
<issn>1665-5346</issn>
<publisher>
<publisher-name><![CDATA[Instituto Mexicano de Ejecutivos de Finanzas A.C.]]></publisher-name>
</publisher>
</journal-meta>
<article-meta>
<article-id>S1665-53462024000400007</article-id>
<article-id pub-id-type="doi">10.21919/remef.v19i4.1069</article-id>
<title-group>
<article-title xml:lang="es"><![CDATA[Miedo e incertidumbre en las principales acciones del S&amp;P500]]></article-title>
<article-title xml:lang="en"><![CDATA[Fear and Uncertainty in the Principal Stocks of the S&amp;P500]]></article-title>
</title-group>
<contrib-group>
<contrib contrib-type="author">
<name>
<surname><![CDATA[Mariné-Osorio]]></surname>
<given-names><![CDATA[Fernando José]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
<contrib contrib-type="author">
<name>
<surname><![CDATA[González-Núñez]]></surname>
<given-names><![CDATA[José Carlos]]></given-names>
</name>
<xref ref-type="aff" rid="Aff"/>
</contrib>
</contrib-group>
<aff id="Af1">
<institution><![CDATA[,Universidad Anáhuac  ]]></institution>
<addr-line><![CDATA[ ]]></addr-line>
<country>Mexico</country>
</aff>
<pub-date pub-type="pub">
<day>00</day>
<month>12</month>
<year>2024</year>
</pub-date>
<pub-date pub-type="epub">
<day>00</day>
<month>12</month>
<year>2024</year>
</pub-date>
<volume>19</volume>
<numero>4</numero>
<copyright-statement/>
<copyright-year/>
<self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_arttext&amp;pid=S1665-53462024000400007&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_abstract&amp;pid=S1665-53462024000400007&amp;lng=en&amp;nrm=iso"></self-uri><self-uri xlink:href="http://www.scielo.org.mx/scielo.php?script=sci_pdf&amp;pid=S1665-53462024000400007&amp;lng=en&amp;nrm=iso"></self-uri><abstract abstract-type="short" xml:lang="es"><p><![CDATA[Resumen Esta investigación analiza las relaciones existentes entre los rendimientos de las acciones del S&amp;P500 e indicadores de conducta financiera como lo son el Volatility Index (VIX) y el Black Swan Index (SKEW). El método utilizado es el de Ecuaciones Estructurales y Mínimos Cuadrados Parciales (PLS-SEM). Los resultados muestran que el VIX explica más que el SKEW y que los sectores más sensibles al miedo son el Electrónico-Tecnológico, Energético y Salud. Como recomendación se prioriza el uso del VIX por encima del SKEW ya que este tan solo fue estadísticamente significativo en el constructo Electrónico-Tecnológico, al utilizar esta metodología, así también, se limita el análisis sobre un conjunto de 23 compañías, 8 constructos sectoriales y un periodo temporal desde el año 2013 a abril 2022. La originalidad del presente se encuentra en el uso del PLS-SEM para el análisis financiero conductual y la formación de constructos accionarios. Esta metodología permite modelar bajo una óptica exploratoria otro tipo de relaciones y de variables, así como solucionar supuestos estadísticos problemáticos en las finanzas.]]></p></abstract>
<abstract abstract-type="short" xml:lang="en"><p><![CDATA[Abstract This research analyzes the relationships between the returns of the S&amp;P500 shares and financial behavior indicators such as the Volatility Index (VIX) and the Black Swan Index (SKEW). The method used is Structural Equations and Partial Least Squares (PLS-SEM). The results show that the VIX explains more than the SKEW and that the sectors most sensitive to fear are Electronic-Technological, Energy and Health. As a recommendation, the use of the VIX is prioritized over SKEW since it was statistically significant only in the Electronic-Technological construct when using this methodology; likewise, the analysis is limited to a set of 23 companies, 8 sectorial constructs and a period from 2013 to April 2022. The originality of this is work is found in the use of PLS-SEM for behavioral financial analysis and the use of stock constructs. This methodology allows to model under an exploratory perspective other type of relationships and variables, as well as to solve problematic statistical assumptions in finance.]]></p></abstract>
<kwd-group>
<kwd lng="es"><![CDATA[C58]]></kwd>
<kwd lng="es"><![CDATA[G41]]></kwd>
<kwd lng="es"><![CDATA[G15]]></kwd>
<kwd lng="es"><![CDATA[O16]]></kwd>
<kwd lng="es"><![CDATA[C50]]></kwd>
<kwd lng="es"><![CDATA[G10]]></kwd>
<kwd lng="es"><![CDATA[Indicadores de Sentimiento del Mercado]]></kwd>
<kwd lng="es"><![CDATA[Behavioral Finance]]></kwd>
<kwd lng="es"><![CDATA[VIX]]></kwd>
<kwd lng="es"><![CDATA[SKEW INDEX]]></kwd>
<kwd lng="es"><![CDATA[PLS-SEM]]></kwd>
<kwd lng="en"><![CDATA[C58]]></kwd>
<kwd lng="en"><![CDATA[G41]]></kwd>
<kwd lng="en"><![CDATA[G15]]></kwd>
<kwd lng="en"><![CDATA[O16]]></kwd>
<kwd lng="en"><![CDATA[C50]]></kwd>
<kwd lng="en"><![CDATA[G10]]></kwd>
<kwd lng="en"><![CDATA[Market Sentiment Indicators]]></kwd>
<kwd lng="en"><![CDATA[Behavioral Finance]]></kwd>
<kwd lng="en"><![CDATA[VIX]]></kwd>
<kwd lng="en"><![CDATA[SKEW INDEX]]></kwd>
<kwd lng="en"><![CDATA[PLS-SEM]]></kwd>
</kwd-group>
</article-meta>
</front><back>
<ref-list>
<ref id="B1">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Antipova]]></surname>
<given-names><![CDATA[T.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Coronavirus Pandemic as Black Swan Event]]></article-title>
<source><![CDATA[Integrated Science in Digital Age 2020]]></source>
<year>2020</year>
<volume>136</volume>
<page-range>356-66</page-range></nlm-citation>
</ref>
<ref id="B2">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Apergis]]></surname>
<given-names><![CDATA[N.]]></given-names>
</name>
<name>
<surname><![CDATA[Mustafa]]></surname>
<given-names><![CDATA[G.]]></given-names>
</name>
<name>
<surname><![CDATA[Malik]]></surname>
<given-names><![CDATA[S.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[The role of the COVID-19 pandemic in US market volatility: Evidence from the VIX index]]></article-title>
<source><![CDATA[The Quarterly Review of Economics and Finance]]></source>
<year>2023</year>
<volume>89</volume>
<page-range>27-35</page-range></nlm-citation>
</ref>
<ref id="B3">
<nlm-citation citation-type="">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Avkiran]]></surname>
<given-names><![CDATA[N.]]></given-names>
</name>
<name>
<surname><![CDATA[Ringle]]></surname>
<given-names><![CDATA[C.]]></given-names>
</name>
</person-group>
<source><![CDATA[Partial Least Squares Structural Equation Modeling: Recent Advances in Banking and Finance]]></source>
<year>2018</year>
</nlm-citation>
</ref>
<ref id="B4">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Bribiesca]]></surname>
<given-names><![CDATA[J. C.]]></given-names>
</name>
<name>
<surname><![CDATA[Fernando]]></surname>
<given-names><![CDATA[J.M.]]></given-names>
</name>
<name>
<surname><![CDATA[Martinez]]></surname>
<given-names><![CDATA[L. M.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Market sophistication, an analysis before COVID-19: Valuation considering the most relevant companies of the NASDAQ-100 applying PLS-SEM algorithms]]></article-title>
<source><![CDATA[Psychology and Education Journal]]></source>
<year>2020</year>
<volume>57</volume>
<numero>9</numero>
<issue>9</issue>
<page-range>4895-903</page-range></nlm-citation>
</ref>
<ref id="B5">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Bevilacqua]]></surname>
<given-names><![CDATA[M.]]></given-names>
</name>
<name>
<surname><![CDATA[Tunaru]]></surname>
<given-names><![CDATA[R.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[The SKEW index: Extracting what has been left]]></article-title>
<source><![CDATA[Journal of Financial Stability]]></source>
<year>2021</year>
<volume>53</volume>
</nlm-citation>
</ref>
<ref id="B6">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Cao]]></surname>
<given-names><![CDATA[J]]></given-names>
</name>
<name>
<surname><![CDATA[Ruan]]></surname>
<given-names><![CDATA[X]]></given-names>
</name>
<name>
<surname><![CDATA[Zhang]]></surname>
<given-names><![CDATA[W.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Inferring information from the S&amp;P 500, CBOE VIX, and CBOE SKEW indices]]></article-title>
<source><![CDATA[J Futures Markets]]></source>
<year>2020</year>
<volume>40</volume>
<page-range>945-73</page-range></nlm-citation>
</ref>
<ref id="B7">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Campisi]]></surname>
<given-names><![CDATA[G.]]></given-names>
</name>
<name>
<surname><![CDATA[La Rocca]]></surname>
<given-names><![CDATA[L.]]></given-names>
</name>
<name>
<surname><![CDATA[Muzzioli]]></surname>
<given-names><![CDATA[S.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Assessing skewness in financial markets]]></article-title>
<source><![CDATA[Statistica Neerlandica]]></source>
<year>2023</year>
<volume>77</volume>
<numero>1</numero>
<issue>1</issue>
<page-range>48-70</page-range></nlm-citation>
</ref>
<ref id="B8">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Chuliá]]></surname>
<given-names><![CDATA[H.]]></given-names>
</name>
<name>
<surname><![CDATA[Gupta]]></surname>
<given-names><![CDATA[R.]]></given-names>
</name>
<name>
<surname><![CDATA[Uribe]]></surname>
<given-names><![CDATA[J. M.]]></given-names>
</name>
<name>
<surname><![CDATA[Wohar]]></surname>
<given-names><![CDATA[M. E.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Impact of US uncertainties on emerging and mature markets: Evidence from a quantile-vector autoregressive approach]]></article-title>
<source><![CDATA[Journal of International Financial Markets, Institutions and Money]]></source>
<year>2017</year>
<volume>48</volume>
<page-range>178-91</page-range></nlm-citation>
</ref>
<ref id="B9">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Demiralay]]></surname>
<given-names><![CDATA[S.]]></given-names>
</name>
<name>
<surname><![CDATA[Kilincarslan]]></surname>
<given-names><![CDATA[E.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Uncertainty Measures and Sector-Specific REITs in a Regime-Switching Environment]]></article-title>
<source><![CDATA[The Journal of Real Estate Finance and Economics]]></source>
<year>2022</year>
</nlm-citation>
</ref>
<ref id="B10">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Ellsberg]]></surname>
<given-names><![CDATA[D.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Risk, Ambiguity, and the Savage Axioms]]></article-title>
<source><![CDATA[The Quarterly Journal of Economics]]></source>
<year>1961</year>
<volume>75</volume>
<numero>4</numero>
<issue>4</issue>
<page-range>643-69</page-range></nlm-citation>
</ref>
<ref id="B11">
<nlm-citation citation-type="book">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Elyasiani]]></surname>
<given-names><![CDATA[E.]]></given-names>
</name>
<name>
<surname><![CDATA[Gambarelli]]></surname>
<given-names><![CDATA[L.]]></given-names>
</name>
<name>
<surname><![CDATA[Muzzioli]]></surname>
<given-names><![CDATA[S.]]></given-names>
</name>
</person-group>
<source><![CDATA[The properties of a skewness index and its relation with volatility and returns]]></source>
<year>2018</year>
<publisher-name><![CDATA[Dipartimento di Economia Marco Biagi - Università di Modena e Reggio Emilia]]></publisher-name>
</nlm-citation>
</ref>
<ref id="B12">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Farrar]]></surname>
<given-names><![CDATA[D. E.]]></given-names>
</name>
<name>
<surname><![CDATA[Glauber]]></surname>
<given-names><![CDATA[R. R.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Multicollinearity in Regression Analysis: The Problem Revisited]]></article-title>
<source><![CDATA[The Review of Economics and Statistics]]></source>
<year>1967</year>
<volume>49</volume>
<numero>1</numero>
<issue>1</issue>
<page-range>92-107</page-range></nlm-citation>
</ref>
<ref id="B13">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Fama]]></surname>
<given-names><![CDATA[E.F.]]></given-names>
</name>
<name>
<surname><![CDATA[French]]></surname>
<given-names><![CDATA[K. R.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[A five-factor asset-pricing model]]></article-title>
<source><![CDATA[Journal of Financial Economics]]></source>
<year>2015</year>
<volume>116</volume>
<numero>1</numero>
<issue>1</issue>
<page-range>1-22</page-range></nlm-citation>
</ref>
<ref id="B14">
<nlm-citation citation-type="book">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Garson]]></surname>
<given-names><![CDATA[G. D.]]></given-names>
</name>
</person-group>
<source><![CDATA[Partial least squares regression and structural equation models]]></source>
<year>2016</year>
<publisher-loc><![CDATA[Asheboro ]]></publisher-loc>
<publisher-name><![CDATA[Statistical Associates]]></publisher-name>
</nlm-citation>
</ref>
<ref id="B15">
<nlm-citation citation-type="book">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Hair]]></surname>
<given-names><![CDATA[J. F.]]></given-names>
</name>
<name>
<surname><![CDATA[Hult]]></surname>
<given-names><![CDATA[G. T. M.]]></given-names>
</name>
<name>
<surname><![CDATA[Ringle]]></surname>
<given-names><![CDATA[C. M.]]></given-names>
</name>
<name>
<surname><![CDATA[Sarstedt]]></surname>
<given-names><![CDATA[M.]]></given-names>
</name>
</person-group>
<source><![CDATA[A Primer on Partial Least Squares Structural Equation Modeling (PLS-SEM)]]></source>
<year>2017</year>
<edition>2ndEd</edition>
<publisher-loc><![CDATA[Thousand Oaks ]]></publisher-loc>
<publisher-name><![CDATA[Sage]]></publisher-name>
</nlm-citation>
</ref>
<ref id="B16">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Hair]]></surname>
<given-names><![CDATA[J]]></given-names>
</name>
<name>
<surname><![CDATA[Risher]]></surname>
<given-names><![CDATA[J.]]></given-names>
</name>
<name>
<surname><![CDATA[Sarstedt]]></surname>
<given-names><![CDATA[M.]]></given-names>
</name>
<name>
<surname><![CDATA[Ringle]]></surname>
<given-names><![CDATA[C.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[When to Use and How to Report the Results of PLS-SEM]]></article-title>
<source><![CDATA[European Business Review]]></source>
<year>2019</year>
<volume>1</volume>
<numero>31</numero>
<issue>31</issue>
<page-range>2-24</page-range></nlm-citation>
</ref>
<ref id="B17">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Henseler]]></surname>
<given-names><![CDATA[J.]]></given-names>
</name>
<name>
<surname><![CDATA[Ringle]]></surname>
<given-names><![CDATA[C.M.]]></given-names>
</name>
<name>
<surname><![CDATA[Sarstedt]]></surname>
<given-names><![CDATA[M.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[A New Criterion for Assessing Discriminant Validity in Variance-Based Structural Equation Modeling]]></article-title>
<source><![CDATA[Journal of the Academy of Marketing Science]]></source>
<year>2015</year>
<volume>43</volume>
<page-range>115-35</page-range></nlm-citation>
</ref>
<ref id="B18">
<nlm-citation citation-type="">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Hofstede]]></surname>
<given-names><![CDATA[G.]]></given-names>
</name>
</person-group>
<source><![CDATA[The 6D model of national culture]]></source>
<year>2016</year>
</nlm-citation>
</ref>
<ref id="B19">
<nlm-citation citation-type="confpro">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Höck]]></surname>
<given-names><![CDATA[M.]]></given-names>
</name>
<name>
<surname><![CDATA[Ringle]]></surname>
<given-names><![CDATA[C.]]></given-names>
</name>
</person-group>
<source><![CDATA[Strategic networks in the software industry: An empirical analysis of the value continuum]]></source>
<year>2006</year>
<conf-name><![CDATA[ VIIIWorld Congress]]></conf-name>
<conf-date>2006</conf-date>
<conf-loc>Berlin </conf-loc>
<publisher-name><![CDATA[IFSAM]]></publisher-name>
</nlm-citation>
</ref>
<ref id="B20">
<nlm-citation citation-type="">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Knight]]></surname>
<given-names><![CDATA[F.]]></given-names>
</name>
</person-group>
<source><![CDATA[Riesgo, Incertidumbre y Beneficio]]></source>
<year>1947</year>
<publisher-loc><![CDATA[Madrid, España ]]></publisher-loc>
</nlm-citation>
</ref>
<ref id="B21">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Lintner]]></surname>
<given-names><![CDATA[J.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios &amp; Capital Budgets]]></article-title>
<source><![CDATA[Review of Economics and Statistics]]></source>
<year>1965</year>
<volume>74</volume>
<page-range>13-37</page-range></nlm-citation>
</ref>
<ref id="B22">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Liu]]></surname>
<given-names><![CDATA[Z.]]></given-names>
</name>
<name>
<surname><![CDATA[Liu]]></surname>
<given-names><![CDATA[J.]]></given-names>
</name>
<name>
<surname><![CDATA[Zeng]]></surname>
<given-names><![CDATA[Q.]]></given-names>
</name>
<name>
<surname><![CDATA[Wu]]></surname>
<given-names><![CDATA[L.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[VIX and stock market volatility predictability: A new approach]]></article-title>
<source><![CDATA[Finance Research Letters]]></source>
<year>2022</year>
<volume>48</volume>
</nlm-citation>
</ref>
<ref id="B23">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Martínez Ávila]]></surname>
<given-names><![CDATA[M.]]></given-names>
</name>
<name>
<surname><![CDATA[Fierro Moreno]]></surname>
<given-names><![CDATA[E.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Aplicación de la técnica PLS-SEM en la gestión del conocimiento: un enfoque técnico práctico]]></article-title>
<source><![CDATA[RIDE. Revista Iberoamericana para la Investigación y el Desarrollo Educativo]]></source>
<year>2018</year>
<volume>8</volume>
<numero>16</numero>
<issue>16</issue>
<page-range>130-64</page-range></nlm-citation>
</ref>
<ref id="B24">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Mora-Valencia]]></surname>
<given-names><![CDATA[A.]]></given-names>
</name>
<name>
<surname><![CDATA[Rodríguez-Raga]]></surname>
<given-names><![CDATA[S.]]></given-names>
</name>
<name>
<surname><![CDATA[Vanegas]]></surname>
<given-names><![CDATA[E.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Skew index: Descriptive analysis, predictive power, and short-term forecast]]></article-title>
<source><![CDATA[The North American Journal of Economics and Finance]]></source>
<year>2021</year>
<volume>56</volume>
</nlm-citation>
</ref>
<ref id="B25">
<nlm-citation citation-type="book">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Mun]]></surname>
<given-names><![CDATA[J.]]></given-names>
</name>
</person-group>
<source><![CDATA[Modelación de Riesgos]]></source>
<year>2016</year>
<publisher-loc><![CDATA[California, USA ]]></publisher-loc>
<publisher-name><![CDATA[Wiley]]></publisher-name>
</nlm-citation>
</ref>
<ref id="B26">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Phiri]]></surname>
<given-names><![CDATA[A.]]></given-names>
</name>
<name>
<surname><![CDATA[Anyikwa]]></surname>
<given-names><![CDATA[I.]]></given-names>
</name>
<name>
<surname><![CDATA[Moyo]]></surname>
<given-names><![CDATA[C.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Co-movement between Covid-19 and G20 stock market returns: A time and frequency analysis]]></article-title>
<source><![CDATA[Heliyon]]></source>
<year>2023</year>
<volume>9</volume>
<numero>3</numero>
<issue>3</issue>
</nlm-citation>
</ref>
<ref id="B27">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Whaley]]></surname>
<given-names><![CDATA[R. E.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Derivatives on market volatility: Hedging tools long overdue]]></article-title>
<source><![CDATA[Journal of Derivatives]]></source>
<year>1993</year>
<volume>1</volume>
<numero>1</numero>
<issue>1</issue>
<page-range>71-84</page-range></nlm-citation>
</ref>
<ref id="B28">
<nlm-citation citation-type="book">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Rodríguez]]></surname>
<given-names><![CDATA[A.]]></given-names>
</name>
</person-group>
<source><![CDATA[El problema de la multicolinealidad grave en modelos econométricos. Aplicación a las finanzas]]></source>
<year>2020</year>
<publisher-loc><![CDATA[Granada ]]></publisher-loc>
<publisher-name><![CDATA[Universidad de Granada]]></publisher-name>
</nlm-citation>
</ref>
<ref id="B29">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Ross]]></surname>
<given-names><![CDATA[S. A.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[The Arbitrage Theory of Capital Asset Pricing]]></article-title>
<source><![CDATA[Journal of Economic Theory]]></source>
<year>1976</year>
<volume>13</volume>
<page-range>341-60</page-range></nlm-citation>
</ref>
<ref id="B30">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Sharpe]]></surname>
<given-names><![CDATA[W.F.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Capital Asset Prices: A Theory of Market Equilibrium under Conditions of Risk]]></article-title>
<source><![CDATA[The Journal of Finance]]></source>
<year>1964</year>
<volume>19</volume>
<page-range>425-42</page-range></nlm-citation>
</ref>
<ref id="B31">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Shmueli]]></surname>
<given-names><![CDATA[G.]]></given-names>
</name>
<name>
<surname><![CDATA[Ray]]></surname>
<given-names><![CDATA[S.]]></given-names>
</name>
<name>
<surname><![CDATA[Estrada]]></surname>
<given-names><![CDATA[J. M. V.]]></given-names>
</name>
<name>
<surname><![CDATA[Chatla]]></surname>
<given-names><![CDATA[S. B.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[The Elephant in the Room: Predictive Performance of PLS Models]]></article-title>
<source><![CDATA[Journal of Business Research]]></source>
<year>2016</year>
<volume>10</volume>
<numero>69</numero>
<issue>69</issue>
<page-range>4552-64</page-range></nlm-citation>
</ref>
<ref id="B32">
<nlm-citation citation-type="">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Taleb]]></surname>
<given-names><![CDATA[N.]]></given-names>
</name>
</person-group>
<source><![CDATA[The statistical consequences of fat tails: Papers and commentary]]></source>
<year>2018</year>
<edition>1</edition>
</nlm-citation>
</ref>
<ref id="B33">
<nlm-citation citation-type="">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Temme]]></surname>
<given-names><![CDATA[D.]]></given-names>
</name>
<name>
<surname><![CDATA[Kreis]]></surname>
<given-names><![CDATA[H.]]></given-names>
</name>
<name>
<surname><![CDATA[Hildebrandt]]></surname>
<given-names><![CDATA[L.]]></given-names>
</name>
</person-group>
<source><![CDATA[PLS Path Modeling]]></source>
<year>2006</year>
</nlm-citation>
</ref>
<ref id="B34">
<nlm-citation citation-type="journal">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Reinartz]]></surname>
<given-names><![CDATA[W. J.]]></given-names>
</name>
<name>
<surname><![CDATA[Haenlein]]></surname>
<given-names><![CDATA[M.]]></given-names>
</name>
<name>
<surname><![CDATA[Henseler]]></surname>
<given-names><![CDATA[J.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[An empirical comparison of the efficacy of covariance-based and variance-based SEM]]></article-title>
<source><![CDATA[International Journal of Research in Marketing]]></source>
<year>2009</year>
<page-range>332-44</page-range></nlm-citation>
</ref>
<ref id="B35">
<nlm-citation citation-type="book">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Wang]]></surname>
<given-names><![CDATA[Q. J.]]></given-names>
</name>
</person-group>
<article-title xml:lang=""><![CDATA[Investors&#8217; Greed and Fear: An Event Study of Analyst Recommendations]]></article-title>
<person-group person-group-type="editor">
<name>
<surname><![CDATA[Haron]]></surname>
<given-names><![CDATA[Razali]]></given-names>
</name>
</person-group>
<source><![CDATA[Financial Crises - Challenges and Solutions]]></source>
<year>2022</year>
<page-range>1-17</page-range><publisher-name><![CDATA[IntechOpen]]></publisher-name>
</nlm-citation>
</ref>
<ref id="B36">
<nlm-citation citation-type="">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Wold]]></surname>
<given-names><![CDATA[H.O.]]></given-names>
</name>
</person-group>
<source><![CDATA[Path Models with Latent Variables: The NIPALS Approach]]></source>
<year>1975</year>
</nlm-citation>
</ref>
<ref id="B37">
<nlm-citation citation-type="book">
<person-group person-group-type="author">
<name>
<surname><![CDATA[Vinzi]]></surname>
<given-names><![CDATA[V. E.]]></given-names>
</name>
<name>
<surname><![CDATA[Chin]]></surname>
<given-names><![CDATA[W. W.]]></given-names>
</name>
<name>
<surname><![CDATA[Henseler]]></surname>
<given-names><![CDATA[J.]]></given-names>
</name>
<name>
<surname><![CDATA[Wang]]></surname>
<given-names><![CDATA[H.]]></given-names>
</name>
</person-group>
<source><![CDATA[Handbook of partial least squares]]></source>
<year>2010</year>
<volume>201</volume>
<numero>0</numero>
<issue>0</issue>
<publisher-loc><![CDATA[Berlin ]]></publisher-loc>
<publisher-name><![CDATA[Springer]]></publisher-name>
</nlm-citation>
</ref>
</ref-list>
</back>
</article>
