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THE IMPACT OF MACROECONOMIC INDICATORS ON THE MOVEMENT OF CROBEX

Bojan Tomić

Fulltext: english, pdf (338 KB) pages 45-60 downloads: 160* cite
APA 6th Edition
Tomić, B. (2014). THE IMPACT OF MACROECONOMIC INDICATORS ON THE MOVEMENT OF CROBEX. FIP - Financije i pravo, 2 (1), 45-60. Retrieved from https://hrcak.srce.hr/161639
MLA 8th Edition
Tomić, Bojan. "THE IMPACT OF MACROECONOMIC INDICATORS ON THE MOVEMENT OF CROBEX." FIP - Financije i pravo, vol. 2, no. 1, 2014, pp. 45-60. https://hrcak.srce.hr/161639. Accessed 20 Oct. 2020.
Chicago 17th Edition
Tomić, Bojan. "THE IMPACT OF MACROECONOMIC INDICATORS ON THE MOVEMENT OF CROBEX." FIP - Financije i pravo 2, no. 1 (2014): 45-60. https://hrcak.srce.hr/161639
Harvard
Tomić, B. (2014). 'THE IMPACT OF MACROECONOMIC INDICATORS ON THE MOVEMENT OF CROBEX', FIP - Financije i pravo, 2(1), pp. 45-60. Available at: https://hrcak.srce.hr/161639 (Accessed 20 October 2020)
Vancouver
Tomić B. THE IMPACT OF MACROECONOMIC INDICATORS ON THE MOVEMENT OF CROBEX. FIP - Financije i pravo [Internet]. 2014 [cited 2020 October 20];2(1):45-60. Available from: https://hrcak.srce.hr/161639
IEEE
B. Tomić, "THE IMPACT OF MACROECONOMIC INDICATORS ON THE MOVEMENT OF CROBEX", FIP - Financije i pravo, vol.2, no. 1, pp. 45-60, 2014. [Online]. Available: https://hrcak.srce.hr/161639. [Accessed: 20 October 2020]

Abstracts
Many research showed a high degree of correlation between the US and
European capital markets, partly due to industrial‒financial linkages of the United States
and Europe, and partly due to the influence of psychological factors on the behavior of
individuals, and the concept of behavioral finance. However, it can be assumed that the
movement of the value of an observed index does not depend solely on the change of
values of the S & P 500 index. Accordingly and in line with rational economic theory,
this paper examines the link between changes in the value of selected macroeconomic
indicators and the value of the main share Croatian capital market index CROBEX. The
results indicate that of the nine initially observed variables, movement of CROBEX can be
described and further explained by changes in the value of average wages, parity rate and
dollar, the kuna and the euro and the kuna and the Swiss franc.

Keywords
CROBEX; value trends; macroeconomic indicator; linear regression; logistic regression

Hrčak ID: 161639

URI
https://hrcak.srce.hr/161639

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