The relative importance of common factors across the European equity markets

Article Abstract:

The European capital market is not integrated despite conforming policies in economy and finance. A study was made to identify the important common factors that prevent the segmentation of the equity markets within Europe. All European stocks included in the Morgan Stanley Capital International and Financial Times Goldman Sachs International Indices were used as a common data base. The research concluded that as many as four factors, based on the Arbitrage Pricing Theory, commonly affect the equity markets but these markets remain internationally unintegrated and regionally segmented.

Evaluation, Europe, Capital market, Capital markets, Securities, International economic integration, Economic integration, Index participations

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Investigating efficiency in betting markets: evidence from the greek 6/49 lotto

Article Abstract:

Research was conducted to examine the existence of profit opportunities in the Greek market for the 6/49 lotto based on the assumption of random number selection. The sample under study ranged from Dec 1990 to Jul 1996 and included the winning six number combination, the prize per winning ticket, the number of winning tickets in each category and the total number of tickets in the drawing. Results indicate that non-random selection existed and that profit opportunities should be investigated.

Amusement and recreation, not elsewhere classified, Lotteries, Other Gambling Industries, Lotto, Numbers, Random, Random numbers

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Compensation vouchers and equity markets: Evidence from Hungary

Article Abstract:

Hungary's issue of compensation vouchers during the transition from a centrally planned to a market economy is examined.

Economic aspects, Hungary, Privatization, Privatization (Business)

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