Impact Indicators For Stock Markets Return

Alina Kvietkauskienė () and Modestas Plakys ()
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Alina Kvietkauskienė: Faculty of Business Management, Vilnius Gediminas Technical University, Vilnius, Lithuania
Modestas Plakys: Nordea Bank AB, Vilnius, Lithuania

Poslovna izvrsnost/Business Excellence, 2017, vol. 11, issue 2, 59-83

Abstract: The paper examines the influence of impact indicators on stock market returns. The authors analyse various theoretical and empirical studies in order to form a set of impact criteria for stock market selection. Th e different examinations aimed to identify the co-integrating relationship between stock market return and such impact indicators as money supply, exchange rate, short and long-term interest rates and others. It is often observed that stock prices tend to fluctuate with economic indicators that have positive and negative effects on stock market returns. A detailed analysis of the selected topic has shown that there is no unified or general method for the selection of the mentioned criteria; therefore, the authors propose a set of criteria that should be used for stock market selection in order to generate sustainable market return in the long term.

Keywords: impact indicators; stock market return; market selection (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:zag:busexc:v:11:y:2017:i:2:p:59-83

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