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The Liquidity of the Bucharest Stock Exchange (BSE) during the Financial Crisis

Author

Listed:
  • Liviu GEAMBAŞU

    (Bucharest Academy of Economic Studies)

  • Ion STANCU

    (Bucharest Academy of Economic Studies)

Abstract

The paper presents the evolution of BSE during the financial crisis in 2008. The investors’ preferences for blue chips shares remained unchanged, there were traded the same shares in almost the same volumes. The shares’ prices are highly positive correlated, the reduce liquidity of BSE determine the investors’ preferences for liquid shares. The crisis determined a decrease in the transactions volume and value and in the number of shares traded, with major impact over the shares’ prices, possible due to emotion reaction of investors. BSE is still attractive, having low prices and high future possibility of increasing.

Suggested Citation

  • Liviu GEAMBAŞU & Ion STANCU, 2010. "The Liquidity of the Bucharest Stock Exchange (BSE) during the Financial Crisis," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 5(5(546)), pages 7-26, May.
    • Handle: RePEc:agr:journl:v:4(545):y:2010:i:5(546):p:7-26
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    Citations

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    Cited by:

    1. Victor Dragota & Dragos Stefan Oprea, 2014. "Informational Efficiency Tests on the Romanian Stock Market: A Review of the Literature," The Review of Finance and Banking, Academia de Studii Economice din Bucuresti, Romania / Facultatea de Finante, Asigurari, Banci si Burse de Valori / Catedra de Finante, vol. 6(1), pages 015-028, June.
    2. Dragos Stefan Oprea, 2014. "The Halloween Effect Evidence from Romania," International Journal of Academic Research in Business and Social Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Business and Social Sciences, vol. 4(7), pages 463-471, July.

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