Akcijų Rinkos Vystymosi Veiksniai: Išsivysčiusių Ir Besivystančių Rinkų Elgsenos Pavyzdžių Tyrimas Ilguoju Laikotarpiu

Akcijų Rinkos Vystymosi Veiksniai: Išsivysčiusių Ir Besivystančių Rinkų Elgsenos Pavyzdžių Tyrimas Ilguoju Laikotarpiu

The paper analyses determinants of stock market development in thirty advanced and emerging countries within the period between 1960 and pre-financial global meltdown (2007). Our explanatory variables are foreign direct investment (FDI), remittances and bank credits to private sector. The applicatio...

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Veröffentlicht in:Verslas: teorija ir praktika 2013, Vol.14 (1), p.51-56
Hauptverfasser: Kurt-Gumuş, Guluzar, Evrim-Mandaci, Pınar, Tvaronavičienė, Manuela, Aktan, Bora
Format: Artikel
Sprache:eng
Schlagworte:
Economy
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Zusammenfassung:The paper analyses determinants of stock market development in thirty advanced and emerging countries within the period between 1960 and pre-financial global meltdown (2007). Our explanatory variables are foreign direct investment (FDI), remittances and bank credits to private sector. The application of SUR estimation disclosed that all variables had significant positive effects on market development measured by market capitalization. The obtained results unfolded the necessity for the countries to develop policies and regulations on facilitating FDI, remittances and bank credits.
ISSN:1648-0627