Je li burza u Bukureštu pod utjecajem pet financijskih investicijskih tvrtki koje kotiraju na burzi?
Is Bucharest Stock Exchange under the Influence of the Five Traded Financial Investment Companies?
Author(s): Cornelia Pop, Calin Vamos, Maria CrăciunSubject(s): Economy, National Economy, Business Economy / Management, Financial Markets
Published by: Sveučilište Josipa Jurja Strossmayera u Osijeku, Ekonomski fakultet u Osijeku
Keywords: capital market; financial investment companies; Granger-causality; regression;
Summary/Abstract: The present paper will try to determine if Bucharest Stock Exchange activity is under the influence of the five traded Financial Investment Companies (called also ‘Societati de Investitii Financiare’ or SIFs). The Financial Investment Companies were introduced at Bucharest Stock Exchange listing in November 1999 and since November 2000 they have a dedicated index, BET-Fi. The direct observations made over the listing period of above mentioned companies suggested the idea that the transactions in Financial Investment Companies might have an important impact on Romanian capital market activity. Inside the current paper, authors will analyze different series of data using regression analysis and Granger-causality tests in order to confirm or reject the hypothesis formulated in the title.
- Issue Year: 23/2010
- Issue No: 2
- Page Range: 355-366
- Page Count: 11
- Language: Croatian