Institutional Determinants of Stock Market Development in European Union Transition Economies
Stock markets have become an important market for long run fund flows between savers and investors and also a determinant of economic growth with the emergence of endogenous growth theories. This study investigates the impact of institutional development on stock market development in 8 European Uni...
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| Format: | Article |
| Language: | English |
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Editura ASE Bucuresti
2016-09-01
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| Series: | Romanian Economic Journal |
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| Online Access: | http://www.rejournal.eu/article/institutional-determinants-stock-market-development-european-union-transition-economies |
| _version_ | 1818116144598351872 |
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| author | Yilmaz Bayar |
| author_facet | Yilmaz Bayar |
| author_sort | Yilmaz Bayar |
| collection | DOAJ |
| description | Stock markets have become an important market for long run fund flows between savers and investors and also a determinant of economic growth with the emergence of endogenous growth theories. This study investigates the impact of institutional development on stock market development in 8 European Union transition economies during 2002-2013 period employing panel regression. We found that political stability, regulatory quality, rule of law and control of corruption had positive impact on stock market development. |
| first_indexed | 2024-12-11T04:17:51Z |
| format | Article |
| id | doaj.art-923c8961a0f94803bb185b16f0cfef4d |
| institution | Directory Open Access Journal |
| issn | 1454-4296 2286-2056 |
| language | English |
| last_indexed | 2024-12-11T04:17:51Z |
| publishDate | 2016-09-01 |
| publisher | Editura ASE Bucuresti |
| record_format | Article |
| series | Romanian Economic Journal |
| spelling | doaj.art-923c8961a0f94803bb185b16f0cfef4d2022-12-22T01:21:12ZengEditura ASE BucurestiRomanian Economic Journal1454-42962286-20562016-09-01XIX61211241Institutional Determinants of Stock Market Development in European Union Transition EconomiesYilmaz Bayar 0Institutional determinants, stock market development, panel data analysis.Stock markets have become an important market for long run fund flows between savers and investors and also a determinant of economic growth with the emergence of endogenous growth theories. This study investigates the impact of institutional development on stock market development in 8 European Union transition economies during 2002-2013 period employing panel regression. We found that political stability, regulatory quality, rule of law and control of corruption had positive impact on stock market development.http://www.rejournal.eu/article/institutional-determinants-stock-market-development-european-union-transition-economiesInstitutional determinantsstock market developmentpanel data analysis. |
| spellingShingle | Yilmaz Bayar Institutional Determinants of Stock Market Development in European Union Transition Economies Romanian Economic Journal Institutional determinants stock market development panel data analysis. |
| title | Institutional Determinants of Stock Market Development in European Union Transition Economies |
| title_full | Institutional Determinants of Stock Market Development in European Union Transition Economies |
| title_fullStr | Institutional Determinants of Stock Market Development in European Union Transition Economies |
| title_full_unstemmed | Institutional Determinants of Stock Market Development in European Union Transition Economies |
| title_short | Institutional Determinants of Stock Market Development in European Union Transition Economies |
| title_sort | institutional determinants of stock market development in european union transition economies |
| topic | Institutional determinants stock market development panel data analysis. |
| url | http://www.rejournal.eu/article/institutional-determinants-stock-market-development-european-union-transition-economies |
| work_keys_str_mv | AT yilmazbayar institutionaldeterminantsofstockmarketdevelopmentineuropeanuniontransitioneconomies |