Fiscal Policy and Capital Market Performance: Evidence from EU Countries from Central and Eastern Europe
Journal Title: International Journal of Academic Research in Accounting, Finance and Management Sciences - Year 2016, Vol 6, Issue 2
Abstract
The aim of this paper is to analyze the relationship between fiscal policy and capital market performance in 6 European Union (EU) countries from Central and Eastern Europe, for period 2004 – 2015. In order to understand very well the relationship between the analyzed indicators, we searched in both directions: the effects of fiscal policy on capital market performance and also the effects of capital market performance on fiscal policy. For Czech Republic and Slovakia we found that there is a bilateral relationship between fiscal policy and capital market performance. In Bulgaria we found that the fiscal policy affects the capital market return, while in Poland we obtain that the capital market return affects the fiscal policy. For the other 2 countries, Hungary and Romania, we didn’t find any significant influence between the variables.
Authors and Affiliations
Gabriela-Victoria Anghelache, Stela Jakova, Dumitru-Cristian Oanea
Keywords
Related Articles
- EP ID EP95950
- DOI 10.6007/IJARAFMS/v6-i2/2037
- Views 76
- Downloads 0
Interpret the Change of Standard in Auditing Course Learning Process Using Interactive Control System
This study aims to describe the adaptation process of audit standards in the learning process at higher education using the interactive control system’s perspective. This study used descriptive qualitative approach with...
Unethical Accounting Practice and Financial Reporting Quality: Evidence from Nigeria
The Associations of Internal Audit Quality with Job Burnout and Job Satisfaction Based on Theory of Reasoned Action
Among the important determinants of long term survival in public shareholding companies, is the quality of internal audit, which is considered among the primary factors affecting the financial information credibility. Fo...
Environmental Reporting Practices of Listed Companies in Bangladesh
Now-a-days environment has become a very crucial issue not only for personal life but also for business life and hence, environmental movement and environmental reporting practices by different organization throughout th...
The Effectiveness of the Implementation of Internal Control in Kuwaiti Shareholding Companies
The study aimed to identify the effectiveness of the implementation of internal control in its branches (Administrative, accounting and internal check) and in the Kuwaiti joint stock companies, the study followed the ana...