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izvor podataka: crosbi !

Consumer confidence and stock prices in Croatia (CROSBI ID 663617)

Prilog sa skupa u zborniku | izvorni znanstveni rad | međunarodna recenzija

Benazić, Manuel ; Učkar, Dean Consumer confidence and stock prices in Croatia // Economic and social development / Božina Beroš, M. ; Recker, N. ; Kozina M. (ur.). 2018. str. 150-160

Podaci o odgovornosti

Benazić, Manuel ; Učkar, Dean

engleski

Consumer confidence and stock prices in Croatia

Consumer confidence plays an important role in predicting macroeconomic and financial variables since it contains consumers’ information regarding future economic developments. Optimistic consumers will spend more, thus increasing firms’ profits and stock prices. On the other side, increasing stock prices can boost consumer confidence. The aim of this study is to explore the relationship between the consumer confidence and stock prices in Croatia. Due to the absence of a long-run cointegration relationship, a vector autoregression (VAR) model is estimated. Obtained results indicate that an increase in the stock exchange equity index (CROBEX) increases consumer confidence index (CCI) whereby an increase in the consumer confidence index has no effect on the stock exchange equity index.

consumer confidence, stock prices, VAR model, Croatia

nije evidentirano

nije evidentirano

nije evidentirano

nije evidentirano

nije evidentirano

nije evidentirano

Podaci o prilogu

150-160.

2018.

objavljeno

Podaci o matičnoj publikaciji

conomic and Social Development (Book of Proceedings), 27th International Scientific Conference on Economic and Social Development

Božina Beroš, M. ; Recker, N. ; Kozina M.

Varaždin : Varšava : Koprivnica: Varazdin Development and Entrepreneurship Agency, Varazdin, Croatia Faculty of Management University of Warsaw, Warsaw, Poland University North, Koprivnica, Croatia

1849-7535

Podaci o skupu

The 27th International Scientific Conference on Economic and Social Development

predavanje

01.03.2018-02.03.2018

Rim, Italija

Povezanost rada

Ekonomija