Theoretical and Applied Economics
No. 11 / 2013 (588)
Anomalies on the capital markets from the former communist European countries
The Bucharest University of Economic Studies
Abstract. The anomalies on the capital markets represent patterns in financial asset returns that are not predicted by a central theory or paradigm. This study made an inventory of the most important anomalies initially identified for the US capital market, in the context of the capital markets from the former communist European countries. Further, this study emphasizes the implications of the presence of these anomalies on the asset pricing models for the analyzed capital markets. Also, this paper presents some methodological issues concerning the identification of capital market anomalies.
Keywords: anomaly; CAPM; capital markets from the former communist European countries.
Contents
- Specific patterns in portfolio analysis
Gabriela Victoria ANGHELACHE
Mădălina Gabriela ANGHEL
- A turnpike theorem involving a modified Golden Rule
Darong DAI
Kunrong SHEN
- General aspects regarding the evolution of GDP in Romania
Constantin ANGHELACHE
Alexandru MANOLE
Georgian ŞERBAN
Andreea Gabriela BALTAC
Adina Mihaela DINU
- Interday drifts in opening stock returns
Andrey KUDRYAVTSEV
- Entrepreneurship among higher education graduates in 13 European countries
Ana-Maria ZAMFIR
Eliza-Olivia LUNGU
Cristina MOCANU
- Innovative methods to analyze the stock market
in Romania. Studying the volatility of the Romanian
stock market with the ARCH and GARCH models
using the “R” software
Antoniade-Ciprian ALEXANDRU
Nicoleta CARAGEA
Ana-Maria DOBRE
- Anomalies on the capital markets from the former communist European countries
Dragoş Ştefan OPREA
- Prerequisites for modeling price and return data series
for the Bucharest Stock Exchange
Andrei TINCA
- Between fiscal discipline and economic recovery. The solutions problem
Anca Maria GHERMAN
George ŞTEFAN
- Origin of the product and the buying decision
Cristina VEITH
Costin LIANU