Business Excellence, Vol. 11 No. 2, 2017.
Review article
https://doi.org/10.22598/pi-be/2017.11.2.59
IMPACT INDICATORS FOR STOCK MARKETS RETURN
Alina Kvietkauskienė
orcid.org/0000-0002-4801-428X
; Faculty of Business Management, Vilnius Gediminas Technical University, Vilnius, Lithuania
Modestas Plakys
; Nordea Bank AB, Vilnius, Lithuania
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
Hrčak ID:
192700
URI
Publication date:
20.12.2017.
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