European Union enlargement and equity markets in accession countries
نویسندگان
چکیده
منابع مشابه
European Union Enlargement and Equity Markets in Candidate Countries ( incomplete draft )
The announcement of European Union enlargement coincided with a dramatic rise in stock prices in accession countries. This paper investigates the hypothesis that the rise in stock prices was the result of the integration of accession countries into the world market, and the subsequent repricing of systematic risk. The results show that firm-specific stock price changes are not related to firmsp...
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ژورنال
عنوان ژورنال: Emerging Markets Review
سال: 2006
ISSN: 1566-0141
DOI: 10.1016/j.ememar.2005.09.009