Naslov
Financial Crisis Influence on Developed Stock Markets

Autori
Pivac, Snježana ; Aljinović, Zdravka ; Marasović Branka

Izvornik
The business review, Cambridge (1553-5827) 15 (2010), 2; 222-230

Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni

Ključne riječi
Developed stock markets ; Statistical analysis ; Returns and risks

Sažetak
The paper investigates financial crisis influence on developed stock markets including the pre-crisis conditions. 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 Lehman Shock in September 2008). Developed stock markets are presented by 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