CO-MOVEMENT OF STOCK MARKETS’ INDICES IN CRISIS PERIOD
6th International Symposium on Business Administration, Karvina, Czech Republic, 27 - 28 May 2010, pp.139-147, (Full Text)
- Publication Type: Conference Paper / Full Text
- City: Karvina
- Country: Czech Republic
- Page Numbers: pp.139-147
- Akdeniz University Affiliated: Yes
Abstract
The aim of this study is to determine whether the co-movements of different countries stock
market indices differ in crisis period. While the factors effecting to stock prices are classified
as stock (firm or country) specific factors (nonsystematic) and economic factors (systematic),
it is expected to increase effect of factors based on the global economic and politic conditions
in crisis period. In this study it is tested by the use of correlation based analysis on the
selected countries stock market indices. The expected result from the study is an increase in
correlation of indices in 2007 crisis period relative to non-crisis period.