Consumer confidence and stock prices in Croatia (CROSBI ID 663617)
Prilog sa skupa u zborniku | izvorni znanstveni rad | međunarodna recenzija
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