Theoretical and Applied Economics
No. 3 / 2021 (628), Autumn
Multifactorial analysis of the price formation in the terms of a risk-free rate
Bucharest University of Economic Studies, Romania
Mădălina-Gabriela ANGHEL
“Artifex” University of Bucharest, Romania
Iulian RADU
Bucharest University of Economic Studies, Romania
Abstract. The prices being studied on the market must be tested in such a way as to identify the risks that exist, to identify the influencing factors and according to them to be able to assess whether the diversification of some prices on the market is real or is a momentary situation. The expected return of macro factors is not restricted by the null hypothesis and in this respect it is shown that this null hypothesis indicates to the investor the conditions to be taken into account in analysing the prices at which they place portfolios on the stock market, capital market or not. The factors can be grouped and they must be tested from a statistical point of view, to see if the parameters we have calculated can be a decision criterion in making the decision to place by purchase, to place by sale or to buy shares or other assets constituted in other types of portfolios. The models usually used are regression models that ensure the estimation and inference on the market, so to draw a definite conclusion on how it can be appreciated that prices are realistic, are those that have the level pursued by the investor in the sense of increase or decrease. Always, an analysis using the regression model is supplemented with a spectral analysis model to find the seasonal variation that could occur in the capital market. The purpose of this article is to test prices influenced by several factors and to identify a rate and a time when these prices are not fully risky.
Keywords: prices, capital market, returns, risks, models.
Contents
- Two vital reference elements in the evolution of the current
model of European integration – The Maastricht Treaty
and the implementation of the single currency – Euro
Alin Ioan CREŢU
Alina Ștefania CHENIC
- Development in Romania during the post-crisis period:
A human, economic and social perspective
Maria-Daniela TUDORACHE
- Multifactorial analysis of the price formation in the terms
of a risk-free rate
Constantin ANGHELACHE
Mădălina-Gabriela ANGHEL
Iulian RADU
- Financial contracts with several types of agents
Laura CONSTANTIN
Ștefan Virgil IACOB
Dana Luiza GRIGORESCU
- Evaluation of the methodological relationship
between real business cycle model and macroprudential policy
Ayşegül Ladin SÜMER
- Efficiency of commercial banks in India
after global financial crises
K. RAVIRAJAN
K.R. SHANMUGAM
- Effectiveness of monetary policy and interest rate
pass-through in India since financial sector reforms
N. KUBENDRAN
- FDI and ODA effects on recipient countries imports:
Evidence from selected MENA countries
Mahmoud M. SABRA
- Estimating the relationship between governance,
economic growth, inequality and poverty
Mohammed TOUITOU
Ahmed BOUDEGHDEGH
- Environmental Kuznets curve and India:
Evidence from autoregressive distributed lag model
Jaganath BEHERA
- Rural urban migration with heterogeneous firms,
heterogonous laborer and the effect of wage subsidy
Sravaitri CHAUDHURI
Ranajoy BHATTACHARYYA
Sukanta BHATTACHARYA
- The relationship between exchange rates,
foreign trade and economic growth:
An application on Turkey
Çiğdem ALIM
Necati Alp ERILLI