Are There Hidden Mysteries in European Stock Markets？
| Autor: | KUO,TSENG-HUA, 郭振華 |
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| Rok vydání: | 2017 |
| Druh dokumentu: | 學位論文 ; thesis |
| Popis: | 105 This paper examines whether the stock market return can be explained by the financial market factors of the global and reginal stock market returns and the production factors of GDP growth rate. Furthermore, we exclude the common factors to explore whether the indiosyncratic stock returns exist in European Union (EU) countries and non- European Union countries. The empirical results indicate that the indiosyncratic stock returns for non-EU countries is higher than the EU countries, indicating that due to asymmetric information, non-EU countries contain country-specific factors which cannot be explained by the common factors. |
| Databáze: | Networked Digital Library of Theses & Dissertations |
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