TURNOVER AND MARKET VALUE IN CAPITAL MARKETS IN THE EUROPEAN UNION

Diana Muresan () and Monica Ioana POP Silaghi ()
Additional contact information
Diana Muresan: PhD Candidate, Faculty of Economics and Business Administration, Babes-Bolyai University
Monica Ioana POP Silaghi: PhD, Associate Professor, Faculty of Economics and Business Administration, Babes- Bolyai University

Romanian Journal of Economics, 2013, vol. 37, issue 2(46), 80-90

Abstract: This paper seeks to see if there is a relationship between market liquidity, proxied by turnover and size, measured by market capitalization and the number of listed companies for European Union countries. We employ a panel data structure with unobserved characteristics for each country modeled as fixed effects for all 27 European Union (EU) countries over the period 2001-2011. Our results prove that market capitalization, as a size variable is significant for capital market liquidity. As policy recommendation, we suggest for these countries to enhance their market capitalization in order to attain a greater liquidity.

Keywords: capital market; turnover; market capitalization; EU (search for similar items in EconPapers)
JEL-codes: G15 G30 (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.revecon.ro/articles/2013-2/2013-2-6.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ine:journl:v:2:y:2013:i:44:p:80-90

Access Statistics for this article

Romanian Journal of Economics is currently edited by Institute of National Economy

More articles in Romanian Journal of Economics from Institute of National Economy Contact information at EDIRC.
Bibliographic data for series maintained by Valentina Vasile ().