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A Theoretical-conceptual Approach to the Particularities and Functions of the Stock Markets, in the Context of the Pandemic Period

Author

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  • Anca Ioana Iacob (Troto)

    (University of Craiova)

Abstract

This study combines characteristics of stock markets that define the conditions under which complex financial mechanisms work. Through an analysis of the concepts that define stock markets, the study defines their characteristics. The scientific study aims to develop, by similarity, the concept of "suspension spring" as a defining feature, as a behavioural feature of financial markets. This concept expresses the tendency to return to the initial state of the stock exchanges in the event of shocks and to resume the cyclical trend and incorporates in the characterization of the heteroscedastic stock market that it manifests, by analogy with the random flexibility of an arc. In the context of the health crisis, the paper translates theoretical concepts into recommendations to participants of the stock markets on caution and good practices in decision-making moments, when at this time it is not possible to predict the impact that the Covid-19 crisis will have.

Suggested Citation

  • Anca Ioana Iacob (Troto), 2020. "A Theoretical-conceptual Approach to the Particularities and Functions of the Stock Markets, in the Context of the Pandemic Period," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 948-956, December.
    • Handle: RePEc:ovi:oviste:v:xx:y:2020:i:2:p:948-956
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    Citations

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    Cited by:

    1. Anca Ioana Troto (Iacob), 2022. "Theoretical And Conceptual Study On The Evolution Of The Globalization Phenomenon," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 1, pages 229-234, February.
    2. Troto (Iacob) Anca Ioana, 2023. "Evolution Of The Capital Market And Macroeconomics Of An Emerging Market. Case Study For The Czech Republic," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 1, pages 240-245, February.

    More about this item

    Keywords

    financial markets; stock market characteristics; financial crisis;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading

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