Czasopismo
Tytuł artykułu
Warianty tytułu
Języki publikacji
Abstrakty
Recent studies have shown that announcements of information about the state of the US economy have had a significant impact on European stock markets. However, the importance of information about the US economy may vary in time. In order to analyze this issue, we examine the impact of announcements of unexpected US macroeconomic news on the prices of selected stocks listed on the Vienna Stocks Exchange. On the basis of the 5-minute returns of 13 stocks we examine how the strength and the significance of the reactions of investors to unexpected macroeconomic news from the US has changed over the last 15 years. Event study methodology allows us to describe precisely such reactions in the first minutes after news announcements. (original abstract)
Rocznik
Tom
Numer
Strony
287--329
Opis fizyczny
Twórcy
autor
- AGH University of Science and Technology Kraków, Poland
autor
- Capital Solutions Advisory GmbH, Graz, Austria
autor
- AGH University of Science and Technology Kraków, Poland
Bibliografia
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Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
bwmeta1.element.ekon-element-000171629866