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Determination of risk factors of stock returns in Central Europe
[Determinace rizikových faktorů při tvorbě akciových výnosů v střední Evropě]

Author

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  • Nguyen The Hung

Abstract

This article focuses on determination of risk factors of stock returns in 3 countries of central Europe, such as the Czech Republic, Poland and Hungary. Firstly, it tries to characterize a group of emerging markets and overview its stock returns in the last decade. After that it tries to identify significant risk factors of stock returns of these three countries in different levels of global, European and local.

Suggested Citation

  • Nguyen The Hung, 2006. "Determination of risk factors of stock returns in Central Europe [Determinace rizikových faktorů při tvorbě akciových výnosů v střední Evropě]," Acta Oeconomica Pragensia, Prague University of Economics and Business, vol. 2006(1), pages 179-192.
    • Handle: RePEc:prg:jnlaop:v:2006:y:2006:i:1:id:530:p:179-192
    DOI: 10.18267/j.aop.530
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    References listed on IDEAS

    as
    1. Kaul, Gautam, 1987. "Stock returns and inflation : The role of the monetary sector," Journal of Financial Economics, Elsevier, vol. 18(2), pages 253-276, June.
    2. Fama, Eugene F, 1981. "Stock Returns, Real Activity, Inflation, and Money," American Economic Review, American Economic Association, vol. 71(4), pages 545-565, September.
    3. Asprem, Mads, 1989. "Stock prices, asset portfolios and macroeconomic variables in ten European countries," Journal of Banking & Finance, Elsevier, vol. 13(4-5), pages 589-612, September.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    emerging markets; risk factors; correlation; returns;
    All these keywords.

    JEL classification:

    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets

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