Stock return volatility on emerging Eastern European markets
Article Abstract:
News affects the volatility of stock market returns in different ways; developed markets tend to show more volatility for negative news than for positive news. This is less true for two Eastern European stock markets, those of Warsaw, Poland, and Budapest, Hungary. There are a number of reasons why this may be so, ranging from lack of understanding of these markets by investors, to the slow dissemination of news which may mean that responses are delayed or investors decide against responding on the grounds that it is too late.
Publication Name: The Manchester School of Economic and Social Studies
Subject: Social sciences
ISSN: 0025-2034
Year: 1997
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Volatility, leverage and firm size: the U.K. evidence
Article Abstract:
The size of the firm has an effect on the distinct features of volatility in the UK stock market. The asymmetry and cross-autocorrelations of the return series suggest that small firm returns fail to indicate the future returns from large firm shares. However, large firm returns appear to indicate the future returns from small firms. Moreover, the autocorrelated and leptokurtic returns to small firms indicate that trading in small firm shares is infrequent compared to the trading in large firm shares.
Publication Name: The Manchester School of Economic and Social Studies
Subject: Social sciences
ISSN: 0025-2034
Year: 1996
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On the optimal government size in Europe: theory and empirical evidence
Article Abstract:
The optimal government size for a European economy can be assessed by examining the link between government services and production processes. There is a range of government size in terms of government consumption as a proportion of gross domestic product (GDP) and this has varied between 1950 and 1990, with Switzerland showing a 7.5% average and the UK showing 18.1%. Government services have been productive in Europe, and there is an optimal size of some 16%, according to an empirical study.
Publication Name: The Manchester School of Economic and Social Studies
Subject: Social sciences
ISSN: 0025-2034
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
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