Effects of economic and political events on stock returns: event study of Agrokor case in Croatia (CROSBI ID 259218)
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Podaci o odgovornosti
Škrinjarić, Tihana ; Orlović, Zrinka
engleski
Effects of economic and political events on stock returns: event study of Agrokor case in Croatia
Major events in Croatia regarding economy and politics in the last three years have been regarding concern Agrokor. Agrokor is one of the biggest companies-concerns in Croatia and South-East Europe. Since some of Agrokor’s stocks are listed on Croatian stock market, the economic and political events regarding Agrokor have affected the stock market as well to an extent. In this study we observe effects of several economic and political events on stock returns on Zagreb Stock Exchange, by dividing the sample into two groups. First group consists of Agrokor’s stocks and other group of companies which are listed and frequently traded at the market. Methodology used in the study was event study, by using parametric and non-parametric tests. The results indicate that specific economic and political events have affected Agrokor’s stock returns negatively. Other stock returns were not affected, or affected positively, but not statistically significant.
case Agrokor, Zagreb Stock Exchange, economic and political events, abnormal return, non-parametric tests
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Podaci o izdanju
Povezanost rada
Matematika, Ekonomija