Naslov
Developed stock markets in global recession environment

Autori
Pivac, Snježana ; Aljinović, Zdravka ; Šego, Boško

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

Izvornik
The 8th International Conference of the Japan Economic Policy Association : The Financial Crisis and Economic depression : Tasks of Economic Policies in Simultaneous Slowdown of the World Economy : JEPA 2009 Papers / - , 2009

Skup
International Conference of the Japan Economic Policy Association : The Financial Crisis and Economic depression : Tasks of Economic Policies in Simultaneous Slowdown of the World Economy (8 ; 2009)

Mjesto i datum
Tokyo, Japan, 28.11.2009. - 29.11.2009

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
developed stock markets; statistical analysis; returns and risks

Sažetak
The paper investigates the pre-crisis and actual conditions on the developed stock markets. This paper examines are there differences or/and similarities between these markets in pre-crisis period (from January 2006 to August 2008) as well as their ‘response’ on actual global financial crisis (the time period from September 2008). The study is made for Japanese, American and German stock markets. Firstly, the paper gives the statistical analysis of relevant stock market indices by correlation coefficients, one-way analysis of variance and nonparametric Mann-Whitney U-test and Kruskal-Wallis test, for both observed periods. In order to investigate the relation and trends of returns and risks in these markets, in the rest of the paper, using modern portfolio theory, the efficient frontiers are estimated for each market followed by comparative analysis.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA