- Tytuł:
- The Impact of US Macroeconomic News on the Prices of Single Stocks on the Vienna Stock Exchange
- Autorzy:
-
Wójtowicz, Tomasz
Gurgul, Henryk
Mitterer, Christoph - Powiązania:
- https://bibliotekanauki.pl/articles/2075347.pdf
- Data publikacji:
- 2021
- Wydawca:
- Polska Akademia Nauk. Czytelnia Czasopism PAN
- Tematy:
-
event study
macroeconomic announcements
intraday data - Opis:
- 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
- Źródło:
-
Central European Journal of Economic Modelling and Econometrics; 2021, 3; 287-329
2080-0886
2080-119X - Pojawia się w:
- Central European Journal of Economic Modelling and Econometrics
- Dostawca treści:
- Biblioteka Nauki
Artykuł