IDEAS home Printed from https://ideas.repec.org/a/aio/aucsse/v2y2015i43p281-292.html
   My bibliography  Save this article

The Place Of Bucharest Stock Exchange Amongst The Capital Markets From Central And Eastern Europe

Author

Listed:
  • Iulia-Oana Stefan

    (University of Craiova Faculty of Economics and Business Administration)

Abstract

This study performs a thorough comparative analysis over the last five years on the activity of Bucharest Stock Exchange compared to that of the major stock exchanges in Central and Eastern Europe, respectively, the Bulgarian Stock Exchange, the Bratislava Stock Exchange, the CEESEG Budapest Stock Exchange, the CEESEG Ljubljana Stock Exchange, the CEESEG Prague Stock Exchange and the Warsaw Stock Exchange. Thus, through a correlated interpretation of both the evolution of the main stock market national indices and the most important parameters reflecting the evolution of investment activity, like the numerical evolution and value of transactions with shares and bonds, number and type of listed companies and of bonds or market capitalization, we find a number of important issues. These include answers to questions such as to what extent the price of shares on the local capital market follows the trends of other central-eastern European stock exchanges or which are the stock exchanges to which the Bucharest Stock Exchange so far failed to catch development and conversely, those to which the capital market in Romania is noticeably more developed.

Suggested Citation

  • Iulia-Oana Stefan, 2015. "The Place Of Bucharest Stock Exchange Amongst The Capital Markets From Central And Eastern Europe," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 2(43), pages 281-292.
    • Handle: RePEc:aio:aucsse:v:2:y:2015:i:43:p:281-292
    as

    Download full text from publisher

    File URL: http://feaa.ucv.ro/AUCSSE/0043v2-025.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Asad Alam & Paloma Anós Casero & Faruk Khan & Charles Udomsaph, 2008. "Unleashing Prosperity : Productivity Growth in Eastern Europe and the Former Soviet Union," World Bank Publications - Books, The World Bank Group, number 6588.
    2. Ryszard Rapacki & Mariusz Próchniak, 2009. "The EU enlargement and economic growth in the CEE new member countries," European Economy - Economic Papers 2008 - 2015 367, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ryszard Rapacki & Mariusz Próchniak, 2010. "Economic Growth Paths in the CEE Countries and in Selected Emerging Economies, 1993-2007," Research in Economics and Business: Central and Eastern Europe, Tallinn School of Economics and Business Administration, Tallinn University of Technology, vol. 2(1).
    2. Maksimov, Vladislav & Wang, Stephanie Lu & Luo, Yadong, 2017. "Institutional imprinting, entrepreneurial agency, and private firm innovation in transition economies," Journal of World Business, Elsevier, vol. 52(6), pages 854-865.
    3. Serfraz, Ayesha, 2017. "Foreign direct investment inflows and labor productivity in Pakistan: A sector-wise panel cointegration analysis," ZÖSS-Discussion Papers 65, University of Hamburg, Centre for Economic and Sociological Studies (CESS/ZÖSS).
    4. Ana-Maria Holobiuc, 2021. "Real Convergence in the European Union. Bridging the Gap between the New and Old Member States," European Financial and Accounting Journal, Prague University of Economics and Business, vol. 2021(2), pages 29-50.
    5. Jan Babecky & Tomas Havranek, 2013. "Structural Reforms and Growth in Transition: A Meta-Analysis," William Davidson Institute Working Papers Series wp1057, William Davidson Institute at the University of Michigan.
    6. Jan Babecky & Tomas Havranek, 2013. "Structural Reforms and Economic Growth: A Meta-Analysis," Working Papers 2013/08, Czech National Bank.
    7. Randolph Luca Bruno & Elodie Douarin & Julia Korosteleva & Slavo Radosevic, 2019. "Determinants of Productivity Gap in the European Union: A Multilevel Perspective," LEM Papers Series 2019/25, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    8. Basarab Gogoneaţă, 2010. "The Long-Run Relationship Between Commerce And Sustainable Development In Baltic And Central And Eastern European Countries," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 12(27), pages 36-51, February.
    9. Cristina Serbanica & Gabriela Dragan, 2012. "University – Industry Cooperation In Central And Eastern Europe: A Common Past, A Different Future?," CES Working Papers, Centre for European Studies, Alexandru Ioan Cuza University, vol. 4(4), pages 837-852, December.
    10. Krzysztof Jasiecki, 2008. "The changing roles of the post-transitional economic elite in Poland," Journal of East European Management Studies, Nomos Verlagsgesellschaft mbH & Co. KG, vol. 13(4), pages 327-359.
    11. Marialisa Motta & Ana Maria Oviedo & Massimiliano Santini, 2010. "An Open Door for Firms," World Bank Publications - Reports 11086, The World Bank Group.
    12. World Bank, 2011. "Challenges to Enterprise Performance in the Face of the Financial Crisis : Eastern Europe and Central Asia," World Bank Publications - Books, The World Bank Group, number 2316.
    13. repec:wsr:wpaper:y:2015:i:136 is not listed on IDEAS
    14. Lucas Figal Garone & Paula A. López Villalba & Alessandro Maffioli & Christian A. Ruzzier, 2020. "Productivity differences among firms in Latin American and the Caribbean," Working Papers 136, Universidad de San Andres, Departamento de Economia, revised Jan 2020.
    15. Hart, Jarret, 2013. "Impact of Trade Openness on Technical Efficiency: Agricultural Sector of the European Union," 2013: Employment, Immigration and Trade, December 15-17, 2013, Clearwater Beach, Florida 182500, International Agricultural Trade Research Consortium.
    16. Yahya Z. ALSHEHHI & Jozsef POPP, 2017. "Sectoral Analysis: Growth Accounting Of Tertiary Industries," SEA - Practical Application of Science, Romanian Foundation for Business Intelligence, Editorial Department, issue 14, pages 221-230, August.
    17. Mika Kortelainen & Simo Leppänen, 2013. "Public and private capital productivity in Russia: a non-parametric investigation," Empirical Economics, Springer, vol. 45(1), pages 193-216, August.
    18. Krisztina Soreg, 2018. "Post-Crisis Growth and Development Slowdown of Central Eastern European Countries from the Middle-Income Trap Perspective," World Journal of Applied Economics, WERI-World Economic Research Institute, vol. 4(1), pages 1-20, June.
    19. Jan Babecky & Tomas Havranek, 2014. "Structural reforms and growth in transition," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 22(1), pages 13-42, January.
    20. Dimitar Eftimoski, 2020. "Some new insights on economic convergence and growth in Central, Eastern, and Southeastern Europe," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 47(4), pages 863-884, November.
    21. Zoltan Arokszallasi & Juraj Kotian & Katarzyna Rzentarzewska, 2018. "Digitalization and higher R&D readiness – way to foster income convergence in CESEE," Focus on European Economic Integration, Oesterreichische Nationalbank (Austrian Central Bank), issue Q3-18, pages 34-42.

    More about this item

    Keywords

    capital market; stock exchange; market capitalization; stock market index; Central and Eastern Europe;
    All these keywords.

    JEL classification:

    • G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aio:aucsse:v:2:y:2015:i:43:p:281-292. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Anca Bandoi The email address of this maintainer does not seem to be valid anymore. Please ask Anca Bandoi to update the entry or send us the correct address (email available below). General contact details of provider: https://edirc.repec.org/data/fecraro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.