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Testing The ‘Black Swan Effect’ on Croatian Stock Market Between 2000 and 2013

Emerging Markets Journal

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Field Value
 
Title Testing The ‘Black Swan Effect’ on Croatian Stock Market Between 2000 and 2013
 
Creator Peša, Anita Radman
Brajković, Ana
 
Subject financial integration, stock exchange, world crisis, corruption, Black Swan
 
Description We tested the economic activity and stock exchange of Croatia as a new country of EU in order to investigate the ‘Black Swan effect’ from 2000 to 2013. The empirical findings obtained in application of OLS methodology and Chow breaking point test provide evidence and show that resignation of the Croatian ex Prime Minister lead country successfully to EU, but were also ‘The Black Swan’ event, being unpredictable and having huge impact on political and economic environment in Croatia obtained through CROBEX, Croatian stock exchange indices. Authors conclude that the resignation was connected to one of the first significant cases of corruption in Croatia which has got the negative impact on the economic development of the country in general, dealing at the same time with global recession.
 
Publisher University Library System, University of Pittsburgh
 
Contributor —
 
Date 2016-02-02
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://emaj.pitt.edu/ojs/index.php/emaj/article/view/92
10.5195/emaj.2016.92
 
Source EMAJ: Emerging Markets Journal; Vol 6, No 1 (2016); 1-16
2158-8708
 
Language eng
 
Relation http://emaj.pitt.edu/ojs/index.php/emaj/article/view/92/266
 
Rights Copyright (c) 2016 EMAJ: Emerging Markets Journal