Is the Development of WIG Index Determined by Certain Macroeconomic and Financial Factors?
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Krzysztof Drachal: University of Warsaw, Poland
Expert Journal of Economics, 2016, vol. 4, issue 1, 24-33
The aim of this paper is to present an analysis whether certain financial ratios can have a significant impact on the development of a stock exchange index. In particular the benchmark stock exchange index is considered, as well as, the selected ratios are considered as the average ones for the whole economy. Quarterly data between 2005 and 2015 were analyzed for the Warsaw Stock Exchange (Poland).
Keywords: efficient market hypothesis; financial ratios; ratio analysis; stock exchange (search for similar items in EconPapers)
JEL-codes: C22 G14 G17 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:exp:econcs:v:4:y:2016:i:1:p:24-33
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