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Journal articles on the topic 'Stock exchange'
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Mrzygłod, Urszula, and Sabina Nowak. "Stock Exchanges Go Public. The Case of Warsaw Stock Exchange." JOURNAL OF INTERNATIONAL STUDIES 6, no. 2 (November 20, 2013): 111–23. http://dx.doi.org/10.14254/2071-8330.2013/6-2/10.
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Venkatesan, P. "National Stock Exchange Vs Bombay Stock Exchange: A Comparative Analysis." International Journal of Trend in Scientific Research and Development Volume-3, Issue-1 (December 31, 2018): 659–61. http://dx.doi.org/10.31142/ijtsrd19030.
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Kumar, Shivam. "INVESTOR PERCEPTION TOWARDS THE STOCK MARKET." INTERANTIONAL JOURNAL OF SCIENTIFIC RESEARCH IN ENGINEERING AND MANAGEMENT 08, no. 04 (May 1, 2024): 1–5. http://dx.doi.org/10.55041/ijsrem32943.
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A stock market is a market in which stocks are bought and sold. It is also called industrial securities market, because it is the market for the trading of company stocks i.e. corporate securities; both those securities listed on stock exchange as well as those only traded privately. The term ‘Stock Market’ is often used as synonymous to ‘Stock Exchange’. But there is a difference in the two terms. Stock exchange is a corporation in the business of bringing buyers and sellers of stocks together. It is a major part of stock market, but not whole of it. Because a stock market besides stock exchanges also includes the market for new issue of securities. Thus the stock market can be divided into two constituents as follows: - 1. Primary Market or New Issue Market 2. Secondary Market or Stock Exchange
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Kadi, Xhensila. "Advantages Of Stock Exchange Lıstıng." European Scientific Journal, ESJ 12, no. 4 (February 28, 2016): 190. http://dx.doi.org/10.19044/esj.2016.v12n4p190.
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The Stock Exchange is a regulated market of securities where contracts for the sale and purchase of the financial instruments are stipulated. The financial instruments such as stocks, bonds, derivatives with a definite price are traded and exchanged in the Stock Exchange. In this case the price is determined by the balance of supply and demand. If we would describe the Stock Exchange with an image, we would think a square in which some companies with public offer or companies with public participation operate. In particular, in it we may found industrial companies, financial companies, banks, services companies, etc. If we refer to history, the first and real trade of securities occurred around the year 1500 in Bruges. Nevertheless, Antwerp has been considered the first Stock Exchange, as the one of Bruges cannot be defined a genuine Stock Exchange. In Albania, till the end of 2014 we have had the Tirana Stock Exchange (TSE). The Tirana Stock Exchange was founded in 2002 in the form of a joint stock company, and has operated in accordance with the provisions of the Law No. 9901 dated 14.04.2008 “On the Entrepreneurs and trading companies” and the Law no. 9879, date 21.02.2008 “On Securities”. Initially, the listing of securities on the stock exchanges, for many entrepreneurs, meant an advertisement for the company, while now it is a widespread phenomenon in the world. If we refer to our country, we believe that the listing in the stock exchange has an important role towards the awareness of our companies regarding finding different manners from the traditional ones about their liquidity. Through this paper, it is aimed to answer to a fundamental question as the one related to the reasons why companies should be listed on the stock exchange. Each of the actions related to trading on the stock exchange is one of the steps in the process of investment, therefore we can say that this kind of financial transactions is not just about buying or selling a particular security.
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PRDIĆ, NEDELJKO. "STOCK EXCHANGE INDICES AS AN INVESTMENT INDICATOR." Kultura polisa, no. 44 (March 8, 2021): 267–78. http://dx.doi.org/10.51738/kpolisa2021.18.1r.4.02.
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Stock exchanges are such specialised market institutions where standardised and tradable goods are traded and exchanged, which means precisely defining the quality and all other performances of goods. Trading is enabled by stock exchange customs and strict rules within the law. Stock exchange indices are the basic indicator of the importance of the stock market in the market on the basis of which decisions on investments in the stock market are made. The aim of this paper is to systematise the knowledge about the historical role of commodity exchanges on the market, but also to indicate the importance of the development of information technologies on the modern significance of stock exchanges. The results of the research show that stock exchange indices are the basic indicator of the state and development of the commodity market and investment tendencies. The conclusion is that stock exchange indices are an important factor in the development of the commodity market with special emphasis on their importance in agriculture. They are an indicator of economic trends and an indicator of investment.
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Nyasha, Sheilla, and Nicholas M. Odhiambo. "The Australian stock market development: Prospects and challenges." Risk Governance and Control: Financial Markets and Institutions 3, no. 2 (2013): 39–48. http://dx.doi.org/10.22495/rgcv3i2art3.
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This paper highlights the origin and development of the Australian stock market. The country has three major stock exchanges, namely: the Australian Securities Exchange Group, the National Stock Exchange of Australia, and the Asia-Pacific Stock Exchange. These stock exchanges were born out of a string of stock exchanges that merged over time. Stock-market reforms have been implemented since the period of deregulation, during the 1980s; and the Exchanges responded largely positively to these reforms. As a result of the reforms, the Australian stock market has developed in terms of the number of listed companies, the market capitalisation, the total value of stocks traded, and the turnover ratio. Although the stock market in Australia has developed remarkably over the years, and was spared by the global financial crisis of the late 2000s, it still faces some challenges. These include the increased economic uncertainty overseas, the downtrend in global financial markets, and the restrained consumer confidence in Australia.
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RYDZEWSKA, Alina. "Analysis of stock exchange operating costs on the example of Warsaw Stock Exchange." Scientific Papers of Silesian University of Technology. Organization and Management Series 2020, no. 142 (2020): 285–94. http://dx.doi.org/10.29119/1641-3466.2020.142.21.
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Shah, Bansi Rajnikant. "A Comparative Study of Bombay Stock Exchange (BSE) and National Stock Exchange (NSE)." International Journal of Scientific Research 1, no. 7 (June 1, 2012): 26–31. http://dx.doi.org/10.15373/22778179/dec2012/11.
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Bradfield, D. J. "A note on the seasonality of stock returns on the Johannesburg Stock Exchange." South African Journal of Business Management 21, no. 1/2 (March 31, 1990): 7–9. http://dx.doi.org/10.4102/sajbm.v21i1.909.
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Evidence from studies on the major stock exchanges world-wide suggests that stocks listed on these markets earn abnormally high returns in the month of January. In this article the seasonality of stocks on the Johannesburg Stock Exchange is empirically investigated. Surprisingly no January effects are found, however, a significant December seasonal effect is documented. A plausible explanation for this finding is offered.
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Bradfield, D. J. "A note on the seasonality of stock returns on the Johannesburg Stock Exchange." South African Journal of Business Management 21, no. 1/2 (March 31, 1990): 7–9. http://dx.doi.org/10.4102/sajbm.v21i1/2.909.
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Evidence from studies on the major stock exchanges world-wide suggests that stocks listed on these markets earn abnormally high returns in the month of January. In this article the seasonality of stocks on the Johannesburg Stock Exchange is empirically investigated. Surprisingly no January effects are found, however, a significant December seasonal effect is documented. A plausible explanation for this finding is offered.
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Zuhro, Idah, and Della Andrieanny Putri. "Investors Reaction to Bad News of COVID 19 (Evidence for Food and Beverage stocks: Comparison between IDX and BIST)." Jurnal Ekonomi Pembangunan 19, no. 01 (July 19, 2021): 44–56. http://dx.doi.org/10.22219/jep.v19i01.16434.
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The study aims to examine the reaction of stock investors in the food and beverage sub-sector to the announcement of COVID-19 on the Indonesia Stock Exchange (IDX) and the Turkish Istanbul Exchange (BIST). The approach method is an Event Study by comparing the return and volume of trading activity before and after the announcement of COVID-19 on the Indonesian and Turkish Stock Exchanges. The research sample is 32 IDX stocks and 27 BIST stocks. Observation period 13 weeks before and after the announcement. The distribution of the data is the basis for the selection of hypothesis testing. The study results showed that IDX investors reacted positively to the announcement of the COVID-19 pandemic, where stock returns were higher than before. Likewise, VTA was higher after the information, although not significant. Meanwhile, on the Turkish Stock Exchange, investors' positive reactions were shown by stock returns and trading volume activity, which was significantly higher after the COVID-19 announcement than IDX, which tends to stagnate.
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Yudina, Svitlana, and Kostiantyn Hoholiuk. "WORLD STOCK MARKET: CURRENT STATE AND PROSPECTS OF DEVELOPMENT OF STOCK EXCHANGE." ECONOMIC BULLETIN OF THE DNIPROVSK STATE TECHNICAL UNIVERSITY, no. 2(5) (January 2, 2023): 60–66. http://dx.doi.org/10.31319/2709-2879.2022iss2(5).271092pp60-66.
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The stock exchange is the main element of the stock market, and it is also an indicator of the efficiency of capital movement and the rapid development of the economy. It is a virtual marketplace where buyers and sellers can trade existing securities. Stocks are also called stocks or equity, most companies have shares with a turnover of more than a billion dollars. Stock exchanges play a great role in the structure of the leading stock prices, exchange courses and indexes in the country's economy. The stock market acts as a powerful and effective platform for the realization of opportunities for the mobilization of financial resources and the birth of a number of new competitive investment instruments. The main role of the stock exchange is to serve the movement of money capital, which mediates the distribution and redistribution of national income both in the national economy as a whole and between social groups, sectors and spheres of the economy. А stock trading can be considered any market where bonds are bought and sold, the prices of which are determined by offer and purchase. The activity of the stock exchange largely determines the efficiency of the stock market and the degree of influence on economic processes in the country. It is the stock exchange that ensures the concentration of demand and supply of securities, their balance at the expense of stock exchange pricing, which truly reflects the level of efficiency of the functioning of equity capital. For each financial system, the determining factor is the degree of involvement of the banking sector and the stock market in the process of financing the investment activity of enterprises. The development of the stock market increases the degree of participation of companies in the process of raising additional funds for their investment programs by placing their securities on the market, and a developed stock market also plays a key role in financing the economy compared to the banking sector. Therefore, the purpose of this article is to evaluate the process of globalization of the stock market in the world environment and analyze current state. Indicators of the stock market in the world were also considered and the main conditions of restraint to the prospects of its effective functioning were highlighted. The state and development prospects of well-known stock exchanges and further possible directions for improvement of the world stock market are analyzed.
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Hadi Utomo, Sugeng, Dwi Wulandari, Bagus Shandy Narmaditya, Puji Handayati, and Suryati Ishak. "Macroeconomic factors and LQ45 stock price index: evidence from Indonesia." Investment Management and Financial Innovations 16, no. 3 (October 2, 2019): 251–59. http://dx.doi.org/10.21511/imfi.16(3).2019.23.
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This paper provides the relationship between macroeconomic variables, including exchange rate, BI rate and inflation, and stocks performance, particulary bluechip stocks listed in LQ45 index in Indonesia Stock Exchange. The study particularly gives insights on bluechip stocks listed in LQ45 stock price index in Indonesia Stock Exchange between 2015 and 2017. The data were obtained from various sources during the period, including the Indonesia Stock Exchange (IDX), the Central Bank of Indonesia (BI), and the Ministry of Trade. This study followed a Vector Error Correction Model (VECM) attempting to estimate the relationship between variables both in the short term and in the long term. The findings of the study showed that in the long run, exchange rate, BI rate and inflation have a negative impact on stock market performance, particularly on LQ45 index in Indonesia Stock Exchange. It implies that an increase in macroeconomic variables results in the decline of stock market performance. Meanwhile, in the short run, two variables, namely the exchange rate and inflation, positively affect stock market performance in Indonesia. On the contrary, the relationship between BI rate and stock market performance showed a negative correlation. These findings have significant implication for the understanding of how macroeconomic variables affect the stock market performance, particularly LQ45 price index in Indonesia Stock Exchange.
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Paltrinieri, Andrea. "Stock exchange industry in UAE." International Journal of Emerging Markets 10, no. 3 (July 20, 2015): 362–82. http://dx.doi.org/10.1108/ijoem-12-2012-0181.
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Purpose – The purpose of this paper is to give an overview of UAE Stock Exchange industry. In particular this paper aims to assess a potential merger between Dubai Financial Markets-Nasdaq-Dubai and Abu Dhabi Securities Exchange, evaluating risks, rewards, policy and business implications. Design/methodology/approach – The paper presents a theoretical framework and a literature review of M & As in financial sector. It then carries out a case study on a potential merger between the UAE Stock Exchanges and a discussion on the implications for the actors involved. Findings – The contraction both in market capitalization and in trading value in the three UAE Stock Exchanges caused by subprime financial crisis and market fragmentation could be a key factors in implementing a merger between them. Because of high-fixed costs and trading platform, a single consolidated stock exchange may benefit from significant economies of scale, particularly network effects, and economies of scope. Practical implications – This paper could be useful to Security and Commodity Authority, in order to support a merger between Dubai and Abu Dhabi Stock Exchange. Given that UAE capital market regulator has tried to improve efficiency in UAE stock market over the last years, a merger between UAE Stock Exchanges could have positive effects on overall efficiency. Originality/value – It is the first paper that analyze UAE Stock Exchange industry. It is the first study that focusses on a potential merger between emerging markets’ stock exchanges. It is one of the first contributions that relates stock exchanges belonging to emerging and developed countries.
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Y. Uppal, Jamshed. "The Role of Satellite Stock Exchanges: A Case Study of the Lahore Stock Exchange." LAHORE JOURNAL OF ECONOMICS 14, no. 2 (July 1, 2009): 1–47. http://dx.doi.org/10.35536/lje.2009.v14.i2.a1.
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In many countries, capital markets are often served by multiple stock exchanges, typically with one national or dominant exchange and several regional or satellite exchanges. While multiple exchanges create a competitive landscape, they also lead to fragmented liquidity and diseconomies in operations. This paper examines the role of the Lahore Stock Exchange (LSE) in comparison with the country’s dominant exchange, the Karachi Stock Exchange (KSE), in four areas: (i) market efficiency in processing information, (ii) transaction costs, (iii) contribution to price discovery, and (iv) market integration. A comparative analysis of the exchange performance indicates the two exchanges to be at par in terms of informational efficiency and transaction costs. There is evidence of informational linkages and interdependencies between the two exchanges; the LSE appears to contribute to price discovery and competes to an appreciable extent. Against the background of proposals to merge the country’s three stock exchanges, a major consideration in evaluating public policy is the relative performance of the LSE and its viability as an effective competitor. Eliminating interexchange competition by merging the stock exchanges is predicted to lead to higher transaction costs, lower incentives for regulatory compliance, and diminished motivation for promoting capital market development.
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Gu, Anthony Yanxiang, and Chauchen Yang. "Short Sales Constraints and Return Volatility: Evidence from the Chinese A and H Share Markets." Review of Pacific Basin Financial Markets and Policies 10, no. 04 (December 2007): 469–78. http://dx.doi.org/10.1142/s021909150700115x.
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Returns of the same companies' common stocks, both non-market-adjusted and market-adjusted, exhibit greater volatility, on the Stock Exchange of Hong Kong where short selling is allowed than on the Shanghai Stock Exchange and Shenzhen Stock Exchange where short selling is restrained. This unique evidence indicates that short selling increases stock price volatility for the Chinese stocks in the Chinese stock markets.
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Sharma, Dhanraj, Ruchita Verma, and Murad Al- Bukari. "Does Stock Market React to Terrorist Attack? An Evidence from 9/11 Attack Using Event Study." Studies in Economics and Business Relations 4, no. 1 (July 7, 2023): 45–56. http://dx.doi.org/10.48185/sebr.v4i1.778.
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The global economy and financial markets around the world are said to be adversely affected by the terrorist attack of 11 September 2001. The present study empirically evaluates the impacts of terrorist attacks on the top 20 stock market indices of the world. The Event study approach is used to conclude that there is a significant impact of the terrorist attack on stock indices of the selected countries, as the following stock market indices showed an adverse abnormal return on the day of the event namely, New York Stock Exchange, NASDAQ, Shenzhen Stock Exchange, National Stock Exchange of India, Frankfurt Stock Exchange, Bombay Stock Exchange, Euronext Paris Exchange, Johannesburg stock exchange and Euronext Brussels. While the rest of the selected stock markets showed a positive abnormal return on the event date. In the following days of the event, the Stock exchange in China showed a negative abnormal CAR for 80 days, while stock exchanges in India showed a negative abnormal CAR in the 20 days following the event. Most of the stock exchanges were not much affected by the event, even if there was an effect it didn’t last long, as the abnormal return was positive after a while.
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Rasul, Dr Md Serajur. "Performance of Value and Growth Stocks: Returns of Stocks on Dhaka Stock Exchange." Indian Journal of Applied Research 3, no. 2 (October 1, 2011): 205–8. http://dx.doi.org/10.15373/2249555x/feb2013/71.
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Kilian, N. "ESG Metrics Disclosures for Index-Listed Companies in Paris, New York and Johannesburg." European Company Law 20, Issue 4 (August 1, 2023): 76–83. http://dx.doi.org/10.54648/eucl2023012.
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Against the background of Index listed companies, for example the Paris Stock Exchange (Euronext) CAC 40 ESG Index, New York (NY) Stock Exchange iShares Core MSCI World UCITS ETF Index and the Johannesburg Stock Exchange (JSE) Equity Fund or Index, this article will review similarities in ESG metrics disclosures relevant to each index and whether a stock exchange could rate an index for ESG compliance without making use of an external rating company, for example MSCI. This article also discusses the method used by MSCI to rate listed companies for ESG compliance and whether asset or fund managers could rate their investment portfolios independently from a stock exchange. In this regard, three asset managers – BNP Paribas, Blackrock and Old Mutual – are examined for similarities in their ESG rating processes. In addition, this article explains whether the above stock exchanges are using the same ESG metrics or not. Paris Stock Exchange, New York Stock Exchange, Johannesburg Stock Exchange, ESG, asset manager index, asset manager ESG compliance, ESG rating, United Nations Sustainable Stock Exchanges Initiative
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Jote, Girma Gudde. "Corporate Ownership transfer: The role of stock market in Ethiopia." African Journal of Commercial Studies 3, no. 3 (October 25, 2023): 135–49. http://dx.doi.org/10.59413/ajocs/v3.i3.1.
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Stock market is one of the types of markets where shares or stocks of different public companies are bought and sold (exchanged). The exchanges of stocks are conducted through formal organized stock exchanges and without a central exchange or broker through over-the-counter marketplaces that operate under a predetermined set of regulations. Since stock represents the corporate ownership & the existence of stock market facilitates ownership transfer. Ethiopia is the largest country in the world with a closed capital account and a functioning capital market. The current underdevelopment of its capital markets starkly opposes the vibrant money and securities market during the 1960s. To achieve the objective of the study, data were collected from both primary sources as well as secondary sources. The researcher has collected primary data through distributing questionnaires to managers and shareholders of companies. The collected data from questionnaires were analyzed using descriptive analysis method. The study employed a convenience sampling technique to select a managers and shareholders of corporations operating in the country. The study evaluated the challenges and existing practice of ownership transfer, and the current condition of stock market in Ethiopia in terms of legal, regulatory, technical, macroeconomic, technological and other factors and found that the legal factors (degree of stability, peace and internal security of a country, inadequate laws and regulation), regulatory factors (lack of good regulation and supervision, deficient corporate governance and public authority, economic factor (high inflation rate) and insufficient technological infrastructure as vital factors that need to be addressed to have an efficient stock exchange market in Ethiopia.
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Yeung, Wing Him, and Asad Aman. "Sensitivity of stock indices to global events: the perspective for Pakistani Canadians." Journal of Economic and Administrative Sciences 32, no. 2 (November 21, 2016): 102–19. http://dx.doi.org/10.1108/jeas-05-2015-0014.
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Purpose This paper compares the performance and volatility of the Toronto Stock Exchange in Canada and the Karachi Stock Exchange in Pakistan, as well as the sensitivities of the two stock exchanges to major global events. The purpose of this paper is to assist the Pakistani immigrants in Canada in their investment decisions. Design/methodology/approach This paper uses the generalized autoregressive conditional heteroskedasticity model to estimate volatility of the two stock exchanges. Moreover, the mean adjusted returns approach associated with the event study methodology is used to find out the impact of major global events on these stock exchanges. Findings The study finds that the Toronto Stock Exchange outperforms the Karachi Stock Exchange in the pre-September 11 attack period, while the latter outperforms the former in the post-September 11 attack period. The study also shows that there has been a significant improvement in the risk-adjusted return of the Karachi Stock Exchange in the post-September 11 attack period. Moreover, this paper finds that the impact of major global events is more significant on the Toronto Stock Exchange relative to the Karachi Stock Exchange on the event date. Originality/value This paper is one of the very few to analyze and compare stock performances from the perspective of immigrant communities. The paper is valuable for Pakistani immigrants living in Canada or any investors interested in Karachi Stock Exchange and its comparison with Toronto Stock Exchange. Moreover, the paper can be of value to the Pakistani Government in terms of their promotional activities.
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Gurgul, Henryk, and Tomasz Wójtowicz. "HIGH-VOLUME RETURN PREMIUM: AN EVENT STUDY APPROACH." Statistics in Transition new series 10, no. 1 (July 1, 2009): 129–51. http://dx.doi.org/10.59170/stattrans-2009-009.
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The dynamic relationships between extreme trading volume and subsequent stock returns on the Warsaw Stock Exchange, the London Stock Exchange, the Frankfurt Stock Exchange and the Vienna Stock Exchange are compared using event study methodology. The dynamic relationship between extreme trading volume and mean abnormal returns on days following an event depends on the stock exchange. This relation is mostly significant and positive in the case of the WSE, the LSE and the VSE, and depends on the nature and size of the stock exchange. The high-volume-return premium is more pronounced for small size stocks with lower liquidity levels.
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Islam, Md Ariful. "Stock Market Volatility: Comparison Between Dhaka Stock Exchange and Chittagong Stock Exchange." International Journal of Economics, Finance and Management Sciences 2, no. 1 (2014): 43. http://dx.doi.org/10.11648/j.ijefm.20140201.16.
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Jefry, Jefry, and Abid Djazuli. "The Effect of Inflation, Interest Rates and Exchange Rates on Stock Prices of Manufacturing Companies in Basic and Chemical Industrial Sectors on the Indonesia Stock Exchange (IDX)." International Journal of Business, Management & Economics Research 1, no. 1 (October 6, 2020): 34–49. http://dx.doi.org/10.47747/ijbmer.v1i1.49.
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This study examines the effect of inflation, interest rates and exchange rates on stocks in basic industrial sector and chemical manufacturing companies on the Indonesia Stock Exchange (BEI). The study period is 2013 to 2017. An ordinary least square (OLS) is employed. The results show that (1) There is a significant effect of inflation, interest rates and exchange rates on stocks. together with the Basic Industry and Chemical Sector Manufacturing companies on the Indonesia Stock Exchange (IDX); (2) There is a significant influence of inflation on shares in manufacturing companies in the Basic Industry and Chemical Sector on the Indonesia Stock Exchange (BEI); (3) There is no significant effect of interest rates on stocks in basic industrial sector and chemical manufacturing companies on the Indonesia Stock Exchange (BEI); (4) There is no significant effect of Exchange Rates on Shares in Basic Industry and Chemical Manufacturing companies on the Indonesia Stock Exchange (IDX).
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Lisa Kustina, Samsul Anwar, and Imas Mawar. "PENGARUH BURSA SAHAM GLOBAL TERHADAP INDEKS HARGA SAHAM GABUNGAN DI BURSA EFEK INDONESIA." Jurnal Investasi 4, no. 1 (April 9, 2018): 1–10. http://dx.doi.org/10.31943/investasi.v4i1.32.
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Tujuan Penelitian ini adalah untuk mengetahui pengaruh bursa saham global terhadap indeks harga saham gabungan di Bursa Efek Indonesia. Bursa saham global yang digunakan dalam penelitian ini adalah Dow Jones Index (DJI), Korea Stock Price Composite Index (KOSPI), Tokyo Stock Exchange (Nikkei heikin kabuki / Nikkei 225), dan Australian Securities Exchange (ASX). Sampel yang diteliti dalam penelitian ini adalah periode 2015 hingga 2017. Penelitian ini menggunakan regresi linear berganda untuk mengolah data penelitian. Hasil Penelitian ini menunjukkan bahwa Dow Jones Index (DJI), Korea Stock Price Composite Index (KOSPI), Tokyo Stock Exchange (Nikkei heikin kabuki / Nikkei 225), dan Australian Securities Exchange (ASX) secara parsial berpengaruh terhadap Indek Harga Saham Gabungan diIndonesia. Dow Jones Index (DJI), Korea Stock Price Composite Index (KOSPI), dan Australian Securities Exchange (ASX) berpengaruh signifikan pada tingkat signifikansi 0.000 sedangkan Tokyo Stock Exchange (Nikkei 225) pada tingkat signifikansi 0.001.
The purpose of this study was to determine the effect of global stock exchanges on the composite stock price index on the Indonesia Stock Exchange. The global stock exchanges used in this study are the Dow Jones Index (DJI), the Korea Stock Price Composite Index (KOSPI), the Tokyo Stock Exchange (Nikkei Heikin Kabuki / Nikkei 225), and the Australian Securities Exchange (ASX). The sample examined in this study is the period 2015 to 2017. This study uses multiple linear regression to process research data. The results of this study indicate that the Dow Jones Index (DJI), the Korea Stock Price Composite Index (KOSPI), the Tokyo Stock Exchange (Nikkei Heikin Kabuki / Nikkei 225), and the Australian Securities Exchange (ASX) partially affect the Composite Stock Price Index in Indonesia. The Dow Jones Index (DJI), the Korea Stock Price Composite Index (KOSPI), and the Australian Securities Exchange (ASX) have a significant effect on the significance level of 0,000 while the Tokyo Stock Exchange (Nikkei 225) is at a significance level of 0.001.
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Hunjra, Ahmed Imran, Suha Mahmoud Alawi, Sisira Colombage, Uroosa Sahito, and Mahnoor Hanif. "Portfolio Construction by Using Different Risk Models: A Comparison among Diverse Economic Scenarios." Risks 8, no. 4 (November 30, 2020): 126. http://dx.doi.org/10.3390/risks8040126.
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We aim to construct portfolios by employing different risk models and compare their performance in order to understand their appropriateness for effective portfolio management for investors. Mean variance (MV), semi variance (SV), mean absolute deviation (MaD) and conditional value at risk (CVaR) are considered as risk measures. The price data were extracted from the Pakistan stock exchange, Bombay stock exchange and Dhaka stock exchange under diverse economic conditions such as crisis, recovery and growth. We take the average of GDP of the selected period of each country as a cut-off point to make three economic scenarios. We use 40 stocks from the Pakistan stock exchange, 92 stocks from the Bombay stock exchange and 30 stocks from the Dhaka stock exchange. We compute optimal weights using global minimum variance portfolio (GMVP) for all stocks to construct optimal portfolios and analyze the data by using MV, SV, MaD and CVaR models for each subperiod. We find that CVaR (95%) gives better results in each scenario for all three countries and performance of portfolios is inconsistent in different scenarios.
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Gniadkowska - Szymańska, Agata. "The Impact of Trade Liquidity on the Rates of Return from Emerging Market Shares Based on the Example of Poland, Austria and Hungary." Acta Universitatis Lodziensis. Folia Oeconomica 4, no. 343 (September 13, 2019): 137–57. http://dx.doi.org/10.18778/0208-6018.343.09.
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In relation to assets, liquidity generally relates to the ease by which an asset can be sold immediately after purchase without incurring losses of any kind. These losses could be due to price changes or various transaction costs. This can be seen with respect to various instruments (such as stocks or futures contracts), market segments, or even entire exchanges. The importance of liquidity has been acknowledged a long time ago. A considerable number of studies have investigated stock liquidity, providing evidence that more illiquid stocks have higher returns, which may be deemed an “illiquidity premium”. This paper examines various factors which have an effect on liquidity by presenting the results of research concerning relations between liquidity and stock returns on the Warsaw Stock Exchange (WSE), the Budapest Stock Exchange (BSE) and the Vienna Stock Exchange (VSE). The main objective of the study is to determine whether there is a statistically significant relationship between the trading liquidity of the shares and the evolution of the rate of return on these shares. The applied research methodology is similar to that described by Datar, Naik and Radcliffe in their work “Liquidity and Stock Returns: An Alternative Test”.
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Clark, Robert. "International Stock Exchange Linkages The Boston Stock Exchange and the Montreal Exchange." Quebec Studies 17 (October 1993): 1–12. http://dx.doi.org/10.3828/qs.17.1.1.
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Rabbani, Muhammad Fadhil, and Harjum Muharam. "Value stock and growth stock on Indonesia stock exchange after global crisis." Diponegoro International Journal of Business 1, no. 1 (March 18, 2018): 8. http://dx.doi.org/10.14710/dijb.1.1.2018.8-13.
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This study was conducted to determine whether there are differences between the stock return of value stocks and growth stock in Indonesia before and after the world financial crisis that occurred in 2008. To investigate the difference, the stocks formed into a portfolio that is based on the 2002 calculated in 2002 and 2009 when the world financial crisis has ended. The formation of the portfolio based on stocks that have gone public before 2000 and have the complete data during the study period. For the determination of the categories of stocks used Price-to-Earnings ratio, price-to-book ratio and price-to-cash flow ratio. Shares of stock that has a very high ratio will be eliminate to avoid bias that may occur if the stocks are still included. Similarly, the stocks of which are negative because they do not meet the criteria as a value stock. Then ANOVA test conducted to determine differences in returns and Sharpe ratio on the portfolio which was formed in 2002 and in 2009. Results from this studies are not found differences in returns and Sharpe ratio on both the portfolio. This indicates that the formation of the portfolio by value stocks and growth stock can not be used as a guide to get a high return.
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Mulyono, Mulyono. "Analisa Korelasi Return Indeks – Indeks Saham terhadap Indeks Harga Saham Gabungan pada Bursa Efek Indonesia." Binus Business Review 6, no. 2 (August 31, 2015): 330. http://dx.doi.org/10.21512/bbr.v6i2.982.
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Stock market generally has the stock price index that measures the performance of stock trading, the Indonesia Stock Exchange has a stock price index that is widely known as Jakarta Composite Index (IHSG). During its development, the Indonesia Stock Exchange has many alternative indexes that measure the performance of stock trading. Research that is to be conducted on the correlation between return of the stock index listed in Indonesia Stock Exchange and return of Jakarta Composite Index. Return stock index listed on the Indonesia Stock Exchange, namely, LQ45 Index, Jakarta Islamic Index (JII), KOMPAS100 Index, BISNIS-27 Index, PEFINDO25 Index and SRI-KEHATI Index, has a close relationship with the return Jakarta Composite,Index which is a reflection of the movement of all existing stock in the market. Return of stocks index that have the highest coefficient correlation is KOMPAS100 In dex, which have return index coefficient correlation is 0.949, thus KOMPAS100 Index that consisting of 100 stocks, based on the results of the study can be used as an alternative investment to get a return that is at least equal or close to the yield given by Jakarta Composite Index(IHSG) that consists of 445 stocks
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Marks, Bogusław Piotr. "Kwestie etyczne w prawie giełdowym okresu zaborów i pierwszych lat niepodległości Polski (do 1921 r.)." Annales. Etyka w Życiu Gospodarczym 13, no. 2 (May 15, 2010): 71–82. http://dx.doi.org/10.18778/1899-2226.13.2.07.
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The object of the article are the questions concerning the „ethical aspects” of functioning of stock exchange law during partitions of Poland and in the first years of independent Poland. The analysis covers the period from 1817 (when in Warsaw the first official stock exchange on Polish territory was created) to 1921 when the first in independent Poland Act about the Organization of Stock Exchanges was passed. In the 19th century, several stock exchanges were created on Polish territory, from which the most essential were those in: Warsaw, Lvov and Lodz. The stock exchange was (and still is) regarded as one of the key institutions of market economy. Already, even on this account, the stock exchange law constituted the essential reference to economic law. On its basis the important institutions functioned, not only in the area of economy. In this article, the basic records of laws and exchange charters were traced, as well as different – essential for stock exchanges – documents (for instance, ministerial instructions), which set the principles of functioning of those institutions. The principles were considered from ethical norms’ point of view, which established ethics of economic life of that time. I have especially focused my attention on the principles of functioning of stock exchanges, which related to: the main stock organs, members of exchanges, as well as the so-called clientele. The stock exchange law also related to realities of that time, where-for different reasons – common cases of disobedience of the law occured. It should be stressed here, that stock exchange law was shaped on basis of economic legislation of the partitioners and that it was subject to changes along with political, economic and social transformations, which took place on Polish territory in the discussed period.
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BLAHODATNYI, Andrii. "COMMODITY EXCHANGE AS AN INNOVATION-INSTITUTIONAL ELEMENT OF THE DEVELOPMENT OF INTERNATIONAL COMMODITY MARKETS." Ukrainian Journal of Applied Economics 4, no. 4 (October 30, 2019): 52–59. http://dx.doi.org/10.36887/2415-8453-2019-4-6.
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The article examines the role of the commodity exchange as an innovative and institutional element in the development of international commodity markets. The current trends in the development of the international commodity stock market have been determined, compared to the volumes of world futures and options for 2018-2019, the number of outstanding contracts and their changes have been investigated. The transformation processes inherent in the international commodity exchange are considered and characterized. The structure of the international stock market by geographical regions is reflected. Trading volumes in different regions of 2019 are compared to 2018. Analysis of futures, options index of the capital index, interest rate trading, energy futures, options trading and precious metals trade have been done. The results of the world's largest stock exchanges by volume of trading in 2018-2019 are presented. One of the criteria examined is the volume of trading on the Intercontinental Exchange, which is due to the lower level of activity on all its subsidiaries in Europe, North America and the Asia-Pacific region. The current state of stock exchange trade in Ukraine is analysed, examples of obstacles for the effective functioning of stock exchanges of Ukraine are given. The development of commodity exchanges in Ukraine over recent years is considered, with an indication of the tendency of their development. Examples of commodities are indicated that will be used for the development of the commodity stock market of Ukraine. The statistical information on the number and structure of exchanges by specialization, their characteristics and role are investigated. The conclusions on the stock role market in an economy have been formed. The international experience of trading on the exchanges is generalized. The evolution of the stock market from the fair to the modern electronic stock market with its advantages and convenience is noted. The conclusions of the development of stock exchange trade in Ukraine are summarized: namely obstacles to its development and misunderstanding of advantages. Suggestions for successful development of stock exchange trading are given in accordance with world experience and national peculiarities. Key words: commodity exchange, futures, option, stock trading, international commodity exchanges, agricultural products, market infrastructure, stock exchange.
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Zandi, Gholamreza, Nik Khadijah Nik Abdul Rahman, Imran Ahmed Shahzad, and Sandy Low Bee Choo. "Non-linear relationship between control ownership and cumulative abnormal return: A new predictive tool for firms’ performance." Nurture 17, no. 4 (July 26, 2023): 463–72. http://dx.doi.org/10.55951/nurture.v17i4.370.
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Purpose: The primary aim of the paper was to find out the non-linear relationship between ownership structure and the Cumulative Abnormal Return (CAR) of companies listed on the Muscat Stock Exchange (MSE) from 2013 to 2020.
Design/Methodology/Approach: The Cumulative Abnormal Return (CAR) has been implied to determine the accuracy and ability of investors to predict stock performance and select an investment basket.
Findings: The effect of Control Ownership (CO) on Cumulative Abnormal Return (CAR) of Muscat Stock Exchange (MSE) listed companies is negative which indicates that with increasing Control Ownership (CO) of stock, stock returns will fluctuate and Cumulative Abnormal Return (CAR) will decrease. Moreover, the results of the research show that the effect of Control Ownership Squared (CO2) on the Cumulative Abnormal Return (CAR) of Muscat Stock Exchange (MSE) listed companies is positive.
Conclusion: The effect of the Herfindahl-Hirschman Index including institutional ownership, the Board of Directors (BOD) and the volume of stock exchanges is significant on the Cumulative Abnormal Return (CAR) of companies listed on the Muscat Stock Exchange (MSE).
Practical Implications and Contribution to Literature: This research indicates that by increasing Control Ownership (CO) of the stock, the fluctuations of stocks’ returns and the Cumulative Abnormal Return (CAR) of Muscat Stock Exchange (MSE) listed companies will primarily decrease but the increase in CO will increase the volatility of the corporation’s Cumulative Abnormal Return (CAR). In fact, it was claimed that the relationship between CO and CAR is similar to a U-shaped parabola.
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Gniadkowska-Szymańska, Agata. "The impact of trading liquidity on the rate of return on emerging markets: the example of Poland and the Baltic countries." e-Finanse 13, no. 4 (December 1, 2017): 136–48. http://dx.doi.org/10.1515/fiqf-2016-0042.
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AbstractEach type of investment has its own liquidity, i.e. the speed with which it can be converted into money. This can be seen with respect to various instruments (such as stocks or futures contracts), market segments, or even entire exchanges. The importance of liquidity has been acknowledged for a long time. A considerable number of studies have investigated stock liquidity, providing evidence that more illiquid stocks have higher returns, which may be deemed an ‚illiquidity premium’. In this paper I present various factors which have an effect on liquidity by presenting the results of research concerning relations between liquidity and stock return on the Warsaw Stock Exchange (WSE) and Nasdaq stock exchanges in Tallinn, Riga and Vilnius.
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Sirisha., N. "STOCK EXCHANGE ANALYSIS." International Journal of Advanced Research 5, no. 7 (July 31, 2017): 777–82. http://dx.doi.org/10.21474/ijar01/4780.
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Temir, Bahsayis. "Istanbul Stock Exchange." Revue d'économie financière 30, no. 3 (1994): 133–37. http://dx.doi.org/10.3406/ecofi.1994.2534.
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Polčák, Radim. "Stock Exchange Interconnections and Legal Issues in Data Exchange." Masaryk University Journal of Law and Technology 11, no. 2 (September 30, 2017): 351–62. http://dx.doi.org/10.5817/mujlt2017-2-7.
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If philosophical cybernetics was interested in stock exchanges, it would probably treat them as relatively simple information structures. From that perspective, stock exchanges can be viewed as places where data on supply and demand of various negotiable instruments are processed. Besides that, stock exchanges, as institutions, provide respective transactions with additional informational (organisational) value that mostly consist of trust regarding the traders, clearing etc.Consequently, a stock exchange interconnection can be seen as very natural process providing for bigger pool of useful data. One of key tasks in the establishment of exchange schemes is then not to hinder or diminish the added information value, i.e. to at least keep the existing level of trust. In that sense, one of the most important components of interconnection design is the legal compliance.In the comment, we will examine some of the most emerging legal issues in data sharing between stock exchanges that were subject to examination under recently concluded project ‘Creating a legal and regulatory framework for interconnections between stock exchanges: A comparative study of the UK and Taiwan’ funded by the British Academy (UK) and the Ministry of Science and Technology, Taiwan. We will particularly focus in this comment on compliance issues in cross-border transfers of personal data and newly emerging regulatory phenomenon of cybersecurity.
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PURNAMA, MARSELIA, Octavianti Purnama, and Ari Nuratriningrum. "Factors Affecting IPO Share Price Increases for the 2021 Period on the Indonesia Stock Exchange." Primanomics : Jurnal Ekonomi & Bisnis 21, no. 1 (January 5, 2023): 24–37. http://dx.doi.org/10.31253/pe.v21i1.1556.
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This study focuses on the prices of newly listed stocks on the Indonesian Stock Exchange during 2021 and was conducted on the Indonesian Stock Exchange.
purposive sampling method used in this study as sampling method. Stocks listed on the Indonesian Stock Exchange in 2021 are used as the sample, so 53 observations are obtained. In this study, hypothesis testing was done in five ways: multiple linear regression analysis, classical hypothesis test, simultaneous test (f test), partial test (t test) and coefficient of determination test.
In this study, only the underwriter variable was found to have a significant effect on the IPO stock price increase in the Indonesian Stock Exchange, with a significance level of 0.0032. Other variables, i.e. public ownership percentage, number of outstanding shares, EPS and listing board category do not significantly affect IPO share price increase in the Indonesian Stock Exchange.
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Wei, Wenqi. "An Empirical Analysis of the Impact of Exchange Rates on Stock Prices." BCP Business & Management 15 (December 30, 2021): 247–61. http://dx.doi.org/10.54691/bcpbm.v15i.280.
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With the deepening of economic openness, the domestic capital market is increasingly linked to the foreign exchange market, and changes in the exchange rate of a country's currency are often accompanied by significant fluctuations in the level of stock prices. This paper selects the panel data of the stock prices of different listed companies and the exchange rate of RMB to SDR from the first quarter of 2017 to the fourth quarter of 2020 to conduct regression analysis and robustness test. The results show that there is a significant negative relationship between exchange rate (under the direct markup method) and stock prices. Compared with stocks with lower stock prices and B shares, stocks with higher stock prices and A shares are more affected by exchange rate changes. Therefore, China should be cautious in the process of promoting capital account opening and deregulation of exchange rate, strengthen the management of fluctuations in the foreign exchange and stock markets to prevent stock market bubbles, and promote the reform of the B-share market to improve the efficiency of corporate financing and make China's financial market more complete.
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Rumbiati, Rumbiati. "PENGARUH INFLASI DAN NILAI TUKAR TERHADAP PERGERAKAN INDEKS HARGA SAHAM GABUNGAN DI BURSA EFEK INDONESIA (PERIODE JANUARI 2010-DESEMBER 2015)." Jurnal Ilmiah Ekonomi Global Masa Kini 7, no. 2 (December 30, 2016): 52–61. http://dx.doi.org/10.36982/jiegmk.v7i2.176.
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Macro economy policy thats goverment using to counter of destruction of global economic crisisst to influence portofolio invesment activity doing buy market broker especially on capital investment in capital market.This paper analyzes the relationship between variable inflation, and exchange rate and Indonesian stock market by applied. This paper focused on January 2010 until December 2015. The result of simultaneous the inflation and exchange rate effect on stock market in Jakarta Stock Exchage. While patially the inflation is negative effect to stock market. And exchange rate is positive effect to stock market in Jakarta Stock Market.Key world : Inflation, exchange rate, and stock market
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Wahyudi, Rahmat. "Analisis Faktor Fundamental dan Risiko Sistematik terhadap Harga Saham dengan Profitabilitas sebagai Variabel Intervening." Journal of Business and Economics (JBE) UPI YPTK 7, no. 3 (September 25, 2022): 388–94. http://dx.doi.org/10.35134/jbeupiyptk.v7i3.189.
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This study aims to determine the effect of Earning Per Share (EPS), Current Ratio (CR), Exchange Rate and Interest Rate Risk on stock price movements with Return On Assets (EPS) as an intervening variable on property stocks listed on the Indonesia Stock Exchange 2017 -2021. The sample in this study was taken by purposive sampling method on property stocks listed on the Indonesia Stock Exchange 2017-2021. The number of samples used as many as 158 companies. The analytical method of this research is using multiple linear regression analysis method. The results of this study indicate that partially Earning per Share (EPS), has a significant effect on Return On Assets (ROA), Current Ratio (CR) has a significant effect on Return On Assets (ROA), Exchange Rates have a significant effect on Return On Assets (ROA)., Interest Rate Risk has a significant effect on Return On Assets (ROA), Earnings per Share (EPS) has a significant effect on Stock Prices, Current Ratio (CR) has a significant effect on Stock Prices, Exchange, Risk Interest has a significant effect on stock prices, Return on Assets (ROA) has a significant effect on stock prices, Earning per Share (EPS) has no significant effect on stock prices through Return On Assets (ROA) as an intervening variable, Current Ratio (CR) has no effect significant effect on stock prices through Return On Assets (ROA) as an intervening variable, exchange rate has an effect s significant no effect on stock prices through Return On Assets (ROA) as an intervening variable and Interest Rate Risk has no significant effect on stock prices through Return On Assets (ROA) as an intervening variable on property stocks listed on the Indonesia Stock Exchange 2017-2021.
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Damajanti, Anita, Yulianti Yulianti, and Rosyati Rosyati. "The Effect Of Global Stock Price Index And Rupiah Exchange Rate On Idonesian Composite Stock Price Index (CSPI) In Indonesian Stock Exchange (IDX)." Economics and Business Solutions Journal 2, no. 2 (October 1, 2018): 49. http://dx.doi.org/10.26623/ebsj.v2i2.1206.
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<p>Indonesian capital market through the Indonesia Stock Exchange is an integral part of the global stock exchange activities. The closer the relationship between Indonesian stock exchange and global stock exchanges is represented by the relationship between the stock price index. Composite Stock Price Index (CSPI) movement in Indonesia Stock Exchange has decreased for 2 (two) first quarter in 2018. This aim of this study to examine the effect of the global stock price index represented by the Dow Jones index, the Nikkei 225 Index, the Hang Seng Index and rupiah exchange rate against CSPI movement. The observation period uses daily data from 2 January to 31 August 2018. Samples are selected by using judgment sampling method, by taking the stock price index and rupiah exchange rate announced on the same day by all exchanges. There are 145 data samples and was analyzed by using linear regression. The results partially show that Hang Seng index and rupiah exchange rate have a significant effect on the CSPI, while Dow Jones index and the Nikkei 225 Index have no significant effect on the CSPI. Simultaneously all variables have a significant effect on the CSPI. The results of goodness of fit model examination show the ability of the independent variable in explaining the dependent variable is 40.3%, while 59.7% is explained by variables outside the model.<em></em></p>
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SANDOVAL, LEONIDAS. "A MAP OF THE BRAZILIAN STOCK MARKET." Advances in Complex Systems 15, no. 05 (July 2012): 1250042. http://dx.doi.org/10.1142/s0219525912500427.
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The correlation matrix of stocks returns is used in order to create maps of the São Paulo Stock Exchange (BM&F-Bovespa), Brazil's main stock exchange. The data refer to the year 2010, and the correlations between stock returns lead to the construction of a minimum spanning tree and of asset graphs with a variety of threshold values. The results are analyzed using techniques of network theory. Also, using data from 2007 to 2010, a study is made on the dynamics of the network formed by stocks from that same stock exchange.
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El Abiad, Zouhour, Mariam Al Malak, and Azzam Rifi. "The effect of COVID-19 on Qatar and Italy stock exchanges." Journal of Contemporary Research in Business Administration and Economic Sciences 1, no. 2 (September 18, 2021): 1–12. http://dx.doi.org/10.52856/jcr311280124.
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The aim of this research is to study the effect of Covid-19 on both Qatar and Italy stock exchanges between 2018 and 2020. Based on a sample derived from five different indexes from Qatar and Italy stock exchange (Banking index, Industrial index, Insurance index, Goods and Services index, Telecommunication index), the results reveal that Covid-19 has a negative effect on both stock exchange indexes. It is also revealed that Italy stock exchange was more volatile to changes caused by Covid-19 than Qatar stock exchange.
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Đaković, Miloš, Milica Inđić, and Danica Cicmil. "Financial analysis of the business of the Belgrade Stock Exchange." Trendovi u poslovanju 10, no. 1 (2022): 50–58. http://dx.doi.org/10.5937/trendpos2201050d.
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Financial exchanges are the basic form of a country's financial market. The subject of this research is the Belgrade Stock Exchange, while the aim of the paper is to analyze the main indicators of the business of the stock exchange as a single company. The analysis covers the period from 2017 to 2020, where in addition to observing the basic items of assets, liabilities, income and expenses of the stock exchange, we also deal with the ratio analysis of liquidity, indebtedness, coverage, activities and profitability of the stock exchange. The results indicate a pronounced liquidity of the market and debt control, but very low profitability of the company itself. Financial analysis also provides additional more precise insight into the business of the stock exchange as a single company. The paper also provides a basis for further research in terms of comparative analysis with other developed stock exchanges in the world.
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Elhassan, Tomader, and Bakhita Braima. "Impact of Khartoum Stock Exchange Market Performance on Economic Growth: An Autoregressive Distributed Lag ARDL Bounds Testing Model." Economies 8, no. 4 (October 19, 2020): 86. http://dx.doi.org/10.3390/economies8040086.
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This study examines the impact of the Khartoum Stock Exchange market performance on economic growth in Sudan from Q1 1995 to Q4 2018. The data were collected from the Central Bank of Sudan (CBS) and Khartoum Stock Exchange (KSE). The autoregressive distributed lag (ARDL) bounds test was applied to estimate the impact of the Khartoum Stock Exchange market performance on economic growth. The results show that the Khartoum Stock Exchange market performance has a limited impact on economic growth. The results of the ARDL test reveal that the speed of adjustment towards long-run equilibrium after a short-term shock, which confirms the stability of Sudanese economic system through stock market performance, equals 24% only. Although market capitalization has a positive and significant impact on economic growth in the long term, the turnover ratio and stocks traded value showed insignificant negative impacts on economic growth. We recommend that suitable investment policies should be developed by policy makers for the Sudanese economy to allow the Khartoum securities market to attract foreign investors and encourage local investors in order to improve the efficiency and effectiveness of the stock market, thus, leading to a boost in securities exchanges as well as economic growth.
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Pera, Jacek. "The Effectiveness of Investing in Stock Exchange Markets in Central and Eastern European Countries with Regard to NYSE2‑LSE‑HKSE2. a Comparative Risk Analysis." Comparative Economic Research. Central and Eastern Europe 22, no. 2 (July 18, 2019): 121–40. http://dx.doi.org/10.2478/cer-2019-0016.
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The aim of this paper is to assess the effectiveness and risk in the stock exchange market in Central and Eastern Europe countries (CEE) in view of the largest stock exchanges: NYSE2‑LSE‑HKSE2. The implementation of this objective was based on an analysis of basic stock market indicators and a discussion of the investment effectiveness of the stock exchange and the risk and investment effectiveness analysis in the stock exchange market in CEE with regard to NYSE2‑LSE‑HKSE2 – assumptions, test method, tests results. The following working hypothesis was adopted in the analysis: Despite high vulnerability to investment risk, the stock exchanges in CEE, due to dynamic development, are improving their investment position with regard to global stock exchanges. The relative indices of stock market attractiveness and an autoregressive model for forecasting changes in the stock market index were used to verify this thesis. The results from the tests make it possible to state that the stock exchanges in CEE are constantly improving their position with regard to operational effectiveness and risk mitigation when compared to the largest global stock exchanges analysed, ambitiously striving to become significant financial centres within Europe and worldwide.
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Nyasha, Sheilla, and Nicholas M. Odhiambo. "The dynamics of stock market development in the United States of America." Risk Governance and Control: Financial Markets and Institutions 3, no. 1 (2013): 93–102. http://dx.doi.org/10.22495/rgcv3i1c1art3.
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This paper highlights the origin and development of the stock market in the United States of America. The country consists of several stock exchanges, with the three largest being the NYSE Euronext (NYX), National Association of Securities Dealers Automated Quotation (NASDAQ), and the Chicago Stock Exchange. Stock market reforms have been implemented since the stock market crash of 1929; and the exchanges responded positively to some of these reforms, but not so positively to some of the reforms. As a result of the reforms, the U.S. stock market has developed in terms of market capitalisation, the total value of stocks traded, and the turnover ratio. Although the U.S. stock market has developed over the years, its market still faces wide-ranging challenges.
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Novriyani, Novriyani. "INFLATION AND INTEREST RATE WITH EXCHANGE AS INTERVENING VARIABLES : ON STOCK RETURN." Jurnal Manajemen dan Bisnis 10, no. 2 (December 31, 2021): 68–79. http://dx.doi.org/10.34006/jmbi.v10i2.350.
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This research aims to find out Interest Rates and Inflation With Exchange Rates As Intervening Variables: Stock Returns. This type of research uses secondary data. The population of manufacturing companies listed on the Indonesia Stock Exchange (IDX) in 2014-2020. Sampling techniques used purposive sampling. The research population is a company registered with PT. IDX and sample of 8 companies. The data analysis method used is Path Analysis with SPSS. The results explained that inflation has a positive and insignificant effect on stock returns. Interest rates have a positive and insignificant effect on stock returns. Inflation has a positive and significant effect on the exchange rate. Interest rates have a positive and significant effect on the exchange rate. Inflation and return of stocks through exchange rates have a positive and significant effect on the exchange rate. Interest rates and stock returns through exchange rates have a negative and significant effect on the exchange rate. exchange rates have a positive and significant effect on stock returns.
Keywords : Inflation, Interest Rate, Stock Return and Exchange Rate
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Patel, Divyang, and Nikita Kagalwala. "The Impact of Exchange Rate on Indian Stock Exchanges like BSE & NSE." International Journal of Scientific Research 2, no. 10 (June 1, 2012): 1–2. http://dx.doi.org/10.15373/22778179/oct2013/160.
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