IMPLEMENTACJA ODLEGŁOŚCI EKONOMICZNEJ DO MODELOWANIA KAPITALIZACJI WYBRANYCH GIEŁD
IMPLEMENTATION OF ECONOMIC DISTANCE INTO MODELING SELECTED STOCKS’ EXCHANGE CAPITALIZATION
Author(s): Joanna Górna, Karolina Górna, Dagna WleklińskaSubject(s): Economy, Methodology and research technology, Financial Markets
Published by: Szkoła Główna Gospodarstwa Wiejskiego w Warszawie
Keywords: stock capitalization; economic distance; panel data; spatial econometric; fixed effects; SAR model; SERR model; sigma convergence;
Summary/Abstract: The aim of the article is the analysis of capitalization of selected stocks from a perspective of economical distance. According to character of stocks – lack of connection to their spatial position, in investigated model the matrix founded on economical distance will be proposed. Thanks to that approach, it will be possible to investigate how powerful impact on stock capitalization has value of this process observed in the other stocks. Moreover, it will be investigated if among selected stocks σ-convergence phenomena of capitalization is observed.
Journal: Metody Ilościowe w Badaniach Ekonomicznych
- Issue Year: XV/2014
- Issue No: 3
- Page Range: 75-85
- Page Count: 11
- Language: Polish
