Kumpulan Jurnal Nasional & Internasional
|can the us retain primacy|
ABSTRAK: The present paper will try to determine if Bucharest Stock Exchange activity is under the influence of the five regional Financial Investment Companies (Romanian acronym SIFs). The five SIFs that were originally vehicles for voucher privatization in the 1990s, floated on Bucharest Stock Exchange in November 1999. Since November 2000, they have a dedicated index, BET-Fi. The direct observations of SIFs made over the listing period until March 2011 suggest the idea that SIFs’ transactions might have an important impact on the Romanian capital market activity. Inside the current paper, authors will analyze different series of data using regression analysis and Granger-causality tests in order to confirm or reject the hypothesis formulated in the title
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