Southeast European capital markets : dynamics, relationship and sovereign credit risk / Ani Stoykova and Mariya Paskaleva.

Format:

Book

Author/Creator:

Stoykova, Ani, author.

Paskaleva, Mariya, author.

Language:

English

Subjects (All):

Capital market--Bulgaria.

Capital market.

Europe--Economic conditions.

Europe.

Europe--Economic policy.

Physical Description:

1 online resource (102 pages)

Place of Publication:

[Place of publication not identified] : Walter de Gruyter GmbH, 2019.

Summary:

Important contribution of this book is testing the investors’ influence and accounting information on the Bulgarian capital markets and their relations with credit default swap spreads. Bulgarian capital market is a part of the SEE group countries and it is a developing country and in the process of its development, people and investors should learn more about risk, credit risk management, and their relation to the rules of the listed companies and agencies. Many factors may provoke a change in stock prices: financial and monetary policies, macroeconomic conditions, investors’ expectations and country’s sovereign credit risk. Accepting sovereign CDS spreads as measurements of investment expectations regarding the development of Bulgarian capital market, we review the role of accounting information in CDS pricing because the accounting data may help investors make the most effective decision. The aim will be accomplished by creating an empirical model, based on the theoretical ones, including a panel data approach, several accounting variables, which are expected to have an impact on CDS spreads.n this research, we analyze the joint movement of eleven financial markets of South East Europe (SEE) - Bulgaria, Croatia, Greece, Serbia, Slovenia, Turkey, Romania, Montenegro, Macedonia, Banja Luka and Sarajevo (Bosnia and Herzegovina) using correlation and regression analysis during the period 2005-2015. We reveal the role of investors’ expectations on the capital markets dynamics and sovereign credit risk in Bulgaria. ABSTRACTING & INDEXING Southeast European Capital Markets: Dynamics, Relationship and Sovereign Credit Risk is covered by the following services: Baidu Scholar EBSCO Discovery Service Google Books Google Scholar J-Gate Naviga (Softweco) Primo Central (ExLibris) ReadCube Semantic Scholar Summon (ProQuest) TDOne (TDNet)

Contents:

Frontmatter

Contents

Introduction

CHAPTER ONE: Integration of Southeast European Capital Markets

CHAPTER TWO: Impact of sentiment indicators on the capital market dynamics and default probability

CHAPTER THREE: Sovereign CDS Spread determinants and their impact on the competitiveness of the Bulgarian economy

CHAPTER FOUR: Relationship between Bulgarian sovereign credit risk and accounting information

Conclusion

REFERENCES

Appendixes

Notes:

Description based on print version record.

ISBN:

9783110648324

3110648326

OCLC:

1149530695