Rodyti trumpą aprašą

dc.rights.licenseKūrybinių bendrijų licencija / Creative Commons licenceen_US
dc.contributor.authorSchabek, Tomasz
dc.contributor.authorMaknickienė, Nijolė
dc.date.accessioned2024-05-13T08:05:06Z
dc.date.available2024-05-13T08:05:06Z
dc.date.issued2018
dc.identifier.isbn9786094761195en_US
dc.identifier.issn2029-4441en_US
dc.identifier.urihttps://etalpykla.vilniustech.lt/handle/123456789/154210
dc.description.abstractThe purpose of the study is to determine if the macroeconomic factors influence rates of returns from broad index of stocks in Poland. The study investigates stability of relation between macroeconomic and stock market variables in short and long time period. After running time series regressions we check if selected macro variables are still significant in cross-section of stock returns including control variables like price to book value, capitalization and momentum. The study is based on large sample of individual rates of returns and macroeconomic variables describing real sphere of the economy. Mine findings suggest that the short and long term relation is statistically and economically significant although not stable in the both analysed time horizons. Macroeconomic beta parameter (sensitivity to macro variables measure) is not significant in cross-sectional test proving that traditionally accepted variables (in our study only price to book-value and momentum) still better explain the expected returns.en_US
dc.format.extent7 p.en_US
dc.format.mediumTekstas / Texten_US
dc.language.isoenen_US
dc.relation.urihttps://etalpykla.vilniustech.lt/handle/123456789/154008en_US
dc.rightsAttribution 4.0 International*
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/*
dc.source.urihttps://bm.vgtu.lt/index.php/verslas/2018/paper/view/475en_US
dc.subjectmacroeconomic factorsen_US
dc.subjectcross-sectionen_US
dc.subjectPolish stock marketen_US
dc.subjectexpected returnsen_US
dc.titleInfluence of macroeconomic factors on stock prices in Poland – cross section and time series analysisen_US
dc.typeKonferencijos publikacija / Conference paperen_US
dcterms.accessRightsLaisvai prieinamas / Openly availableen_US
dcterms.accrualMethodRankinis pateikimas / Manual submissionen_US
dcterms.alternativeFinancial engineeringen_US
dcterms.issued2018-05-04
dcterms.licenseCC BYen_US
dcterms.references40en_US
dc.description.versionTaip / Yesen_US
dc.contributor.institutionUniversity of Lodzen_US
dc.contributor.institutionVilniaus Gedimino technikos universitetasen_US
dc.contributor.institutionVilnius Gediminas Technical Universityen_US
dc.contributor.facultyVerslo vadybos fakultetas / Faculty of Business Managementen_US
dc.contributor.departmentFinansų inžinerijos katedra / Department of Financial Engineeringen_US
dcterms.sourcetitle10th International Scientific Conference “Business and Management 2018”en_US
dc.identifier.eisbn9786094761188en_US
dc.identifier.eissn2029-929Xen_US
dc.publisher.nameVilnius Gediminas Technical Universityen_US
dc.publisher.nameVilniaus Gedimino technikos universitetasen_US
dc.publisher.countryLithuaniaen_US
dc.publisher.countryLietuvaen_US
dc.publisher.cityVilniusen_US
dc.identifier.doihttps://doi.org/10.3846/bm.2018.54en_US


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