IDEAS home Printed from https://ideas.repec.org/a/ovi/oviste/vxivy2014i2p597-601.html
   My bibliography  Save this article

Confidence Indexes and Their Influence on Macroeconomic Information on the Romanian Market

Author

Listed:
  • Þiþan Alexandra Gabriela

    (Faculty of Finance, Insurance, Banking and Stock Exchange, Bucharest University of Economic Studies)

Abstract

Investors’ behavior is considered one of the factors influencing the economy in general. Whether their behavior is rational or irrational is an extensively discussed subject, presented on a large body of literature. This paper presents a research of how financial analysts’ opinions may affect the future of the Romanian economy. We use the CFA Romania Macroeconomic Confidence Index in an empirical research to find whether the past values of the CFA Index have a significant influence on the future values of macroeconomic information on the Romanian market. After performing normality tests and after testing the data for autocorrelation, cross correlation, multicollinearity, regressions were performed. Using regressions’ indicators, projected data was obtained and compared with real data. Tests were realized to determine whether the projected data are significantly different from the real data or not. The conclusion is that part of the macroeconomic data is influenced by analysts’ opinions regarding the evolution of the Romanian market.

Suggested Citation

  • Þiþan Alexandra Gabriela, 2014. "Confidence Indexes and Their Influence on Macroeconomic Information on the Romanian Market," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 597-601, May.
    • Handle: RePEc:ovi:oviste:v:xiv:y:2014:i:2:p:597-601
    as

    Download full text from publisher

    File URL: http://stec.univ-ovidius.ro/html/anale/RO/cuprins%20rezumate/ANALE%20vol%2014%20issue_2_2014.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Behavior finance; investors’ confidence; CFA Romania Macroeconomic Confidence Index;
    All these keywords.

    JEL classification:

    • G1 - Financial Economics - - General Financial Markets

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ovi:oviste:v:xiv:y:2014:i:2:p:597-601. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Gheorghiu Gabriela (email available below). General contact details of provider: https://edirc.repec.org/data/feoviro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.