STOCK MARKET DEVELOPMENT BEYOND THE GFC: THE CASE OF V4 COUNTRIES
Jana Vychytilova
Keywords:
stocks, performance, V4 countries, correlation, return
Abstract:
The stock exchanges are widely considered to be pivotal institutions providing the capital for companies and helping them to gain competitive advantage through economies of scale. This paper examines and sheds additional insight into the stock market behaviour of countries of Visegrad Group, namely the Czech Republic, Slovak Republic, Poland and Hungary, beyond the global financial crisis. The study uses data about official stock market indices of the four official stock exchanges in the Visegrad region, between the years 2010-2016. It applies the correlation analysis in attempt to find out whether the indices, namely the BUX Index, PX Index, SAX Index and WIG 20 Index, have similarities in their behaviour, beyond the crisis. The results indicate the V4 stock markets of geographically connected economics exhibit significant similarities in their behaviour, in the post-crisis period. The paper, inter alia, stresses the importance of the stock markets and provides a coherent overview on official V4 stock markets and their official stock market indices.
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 STOCK MARKET DEVELOPMENT BEYOND THE GFC: THE CASE OF V4 COUNTRIES [PDF file] [Filesize: 869.37 KB]
 10.7441/joc.2018.02.10
Vychytilova, J. (2018). STOCK MARKET DEVELOPMENT BEYOND THE GFC: THE CASE OF V4 COUNTRIES. Journal of Competitiveness, 10 (2), 149-163. https://doi.org/10.7441/joc.2018.02.10
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