Naslov
RESEARCH ON STOCK RETURNS IN CENTRAL AND SOUTH-EAST EUROPEAN TRANSITIONAL ECONOMIES

Autori
Vidović, Jelena ; Aljinović, Zdravka

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
Proceedings of the 10th International Symposium on OPERATIONAL RESEARCH SOR'09 / Zadnik Stirn L. ; Žerovnik J. ; Drobne S. ; Lisec A. - Ljubljana, 2009, 237-246

ISBN
978-961-6165-30-3

Skup
10th International Symposium on OPERATIONAL RESEARCH SOR'09

Mjesto i datum
Nova Gorica, Slovenija, 23.09.2009. - 25.09.2009

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
stock returns; skewness; kurtosis; normality tests; transitional stock markets

Sažetak
In this paper normality tests are performed using the data on daily stock returns from 11 Central and South Eastern European countries. The article focuses on the skewness and kurtosis of stock returns providing information about extreme returns that can be expected on these stock markets. Seen from the EU integration perspective results indicate that there is no difference between stock returns of countries that already accessed EU and others. Stock markets regardless their belonging to the EU integration show different stages of stock market development.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA