Inclusion of stocks in the index
Journal Title: Acta Economica - Year 2013, Vol 11, Issue 18
Abstract
Index inclusion is one of a technical anomaly in the focus of behavioral finance which cannot be explained from the viewpoint of traditional finance. Starting from globalization of world financial markets and the fact that Croatian capital market is well integrated within developed European capital markets we are investigate existence of significant changes in prices of stock after theirs inclusion in index Crobex . As result of performing researches we find significant change in stock price caused by theirs including in stock market index without significant change in theirs trading volumes in situation where are no index funds specialized for investing in Crobex and where inclusion is transparent and autonomous from discreet decisions.
Authors and Affiliations
Натко Благојевић, Силвије Орсаг
Keywords
Related Articles
- EP ID EP43755
- DOI https://doi.org/10.7251/ACE1318051B
- Views 314
- Downloads 0
Theoretical aspects of concession as an economico-legal category
Contemporary processes of globalization and internationalization of national economies, as well as strengthening of trends of integrations on a regional scale mean that some huge infrastructural investments are necessary...
RESPONSES OF BOSNIA AND HERZEGOVINA FINANCIAL SECTOR TO FINANCIAL CRISIS AND RECESION
The paper deals with economic and financial crisis that spilled over from trading partners into Bosnia and Herzegovina. The key issue is how financial sector of the country responds to the current crisis and what measure...
IMPACT OF DEREGULATION ON THE STABILITY OF FINANCIAL MARKETS
Deregulation of financial markets is long term process. The role of traditional financial instruments is lower during the time. Financial inovations was very popular in last a few decades and many investors took a risk b...
THEORY AND EFFECTS OF FOREIGN DIRECT INVESTMENTS
International capital flow, meaning import, export and capital transference is becoming more and more topical issue related to theoretic-practical and economic-political problems in all countries regardless their level o...
COURSE OF LOAN-MODELS OF VARIABLE PRINCIPAL REPAID
In this paper is presented the account of effective loan, i.e. course of loan, for case when loan is amortizated of variable principal repaid. Namely, in the literature are presented only two models of amortization of lo...