Theoretical and Applied Economics
No. 11 / 2013 (588)
Anomalies on the capital markets from the former communist European countries
The Bucharest University of Economic Studies
Abstract. The anomalies on the capital markets represent patterns in financial asset returns that are not predicted by a central theory or paradigm. This study made an inventory of the most important anomalies initially identified for the US capital market, in the context of the capital markets from the former communist European countries. Further, this study emphasizes the implications of the presence of these anomalies on the asset pricing models for the analyzed capital markets. Also, this paper presents some methodological issues concerning the identification of capital market anomalies.
Contents
Specific patterns in portfolio analysis
A turnpike theorem involving a modified Golden Rule
General aspects regarding the evolution of GDP in Romania
Interday drifts in opening stock returns
Entrepreneurship among higher education graduates in 13 European countries
Innovative methods to analyze the stock market in Romania. Studying the volatility of the Romanian stock market with the ARCH and GARCH models using the “R” software
Anomalies on the capital markets from the former communist European countries
Prerequisites for modeling price and return data series for the Bucharest Stock Exchange
Between fiscal discipline and economic recovery. The solutions problem
Origin of the product and the buying decision