The Relationship Between Economic Factors and Equity Markets in Central Europe

This paper investigates the possibility that newly‐emerging equity markets in Central Europe exhibit semi‐strong form efficiency such that no relationship exists between lagged values of changes in economic variables and changes in equity prices. We find that while there are connections between the...

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Veröffentlicht in:	The economics of transition 2000-01, Vol.8 (3), p.623-638
Hauptverfasser:	Hanousek, Jan, Filer, Randall K.
Format:	Artikel
Sprache:	eng
Schlagworte:	Capital market Central Europe Czech Republic Eastern Europe Economic conditions Economics Emerging markets Equity Granger causality Market Market analysis Market efficiency Post-communist societies Regime transition semi-strong efficiency Stock prices Transition economies
Online-Zugang:	Volltext
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