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文章基本信息

  • 标题:Exploring the Link between Idiosyncratic and Fundamental Indicators. Evidence on CEE Corporate Segment
  • 本地全文:下载
  • 作者:Cristina Maria Triandafil ; Petre Brezeanu
  • 期刊名称:Review of Finance and Banking
  • 印刷版ISSN:2067-2713
  • 电子版ISSN:2067-3825
  • 出版年度:2009
  • 卷号:1
  • 期号:1
  • 出版社:Bucharest Academy of Economic Studies
  • 摘要:

    This paper explores the link between idiosyncratic and fundamental dimensions of the corporate finance within CEE countries. We elaborate a Vector Error Correction Model integrating both idiosyncratic and macro related indicators. We expect idiosyncratic variables to be closely related to the macro fudamentals and we anticipate the sign of the relation. Conclusions regarding the long term relationship between these variables differ by country from the perspective of the way the macro related variables enter the cointegration equations. The impact is different according to the peculiarities of the macroeconomic architecture.

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