Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/60387
Authors: 
Agiakloglou, Christos
Gkouvakis, Michalis
Year of Publication: 
2012
Series/Report no.: 
23rd European Regional Conference of the International Telecommunication Society, Vienna, Austria, 1-4 July 2012
Abstract: 
This paper investigates the interdependence of stock returns with some other financial variables applied to several European Telecommunications institutions. In particular, using a multivariate vector autoregressive (VAR) approach this study examines the relation, the direction of the relation, as well as the effects among stock returns, index returns, earnings, capital expenditures and interest rate for companies that play major role in their home stock markets. Unlike the fact that many other previous studies have indicated clear findings of the direction of the causality between those variables, this research cannot support a uniform behavior, although, the selected telecommunications companies have many common characteristics.
Subjects: 
Vector autoregressive analysis
causal relations
impulse responses
financial variable
Telecommunications market
JEL: 
C22
C58
G14
L96
Document Type: 
Conference Paper

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