A FRONTIER MARKET CASE: DOES BUCHAREST STOCK EXCHANGE HAVE A LEADING DOMESTIC INDEX?

Article OPEN
CORNELIA POP; DRAGOS BOZDOG; ADINA CALUGARU;
(2012)
  • Subject: frontier market, financial investment companies, Granger-causality, regression, leading index
    • jel: jel:G11 | jel:G10

A frontier market can play a significant role in the diversification of a global portfolio. Equally important are the companies selected in order to fulfill the diversification needs. We focused on Bucharest Stock Exchange, considered a frontier market, and we analyzed ... View more
  • References (10)

    Index? .............................................................................................................................. 3 DIANA PITIC, MIHAELA DRĂGAN, ŞTEFAN LUCIAN PITIC, Integration of Employers' Perception within Curriculum Development: a Measure

    Education .................................................................................................................... 27 RICHARD KASA, Measuring Innovation Potential at SME Level with a Neurofuzzy Hybrid Model ................................................................................... 39 VALÉR JOBBÁGY, Evaluation of the New Széchenyi Plan's EnterpriseDevelopment Interventions - Suggestions for Improving the Plan's

    Efficiency and Effectiveness ............................................................................... 55 ALINA HAGIU, MAGDALENA PLATIS, The Evolution of the Romanian Car Industry and Its Position on European Market.......................................... 65 4 The 5 Private Property Funds (PPFs) were created by and functioned under the Law no. 58/ 1991.

    They were part of the privatization process that took place during the 1990s in Romania. According to the Law no. 58/ 1991, to each of the 5 PPFs a number of Romanian companies were allocated.

    The PPFs were allowed to own maximum 30% of the allocated companies' shares (former state ownership). The 5 PPFs were formed based on the regional concentration of the allocated companies. Until October 1996, there were 5 regional funds: PPF1 Banat-Crisana, PPF2 Moldova, PPF3 Transilvania, PPF4 Muntenia and PPF5 Oltenia. In November 1996, the PPFs were transformed as follows:

    PPF1 became SIF1 Banat-Crisana

    PPF2 became SIF2 Moldova

    PPF3 became SIF3 Transilvania

    PPF4 became SIF4 Muntenia

    PPF5 became SIF5 Oltenia. 5 According to the Law no. 297/ 2004 and the Regulation no. 15/ 2004, issued by Romanian National Securities Commission, regarding SIFs.

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