La struttura settoriale del mercato azionario europeo
Journal title ECONOMIA E POLITICA INDUSTRIALE
Author/s Gregorio De Felice, Marcello Esposito, Emiliano Laruccia
Publishing Year 1 Issue 2000/107
Language Italian Pages 30 P. File size 134 KB
DOI
DOI is like a bar code for intellectual property: to have more infomation
click here
Below, you can see the article first page
If you want to buy this article in PDF format, you can do it, following the instructions to buy download credits
FrancoAngeli is member of Publishers International Linking Association, Inc (PILA), a not-for-profit association which run the CrossRef service enabling links to and from online scholarly content.
Whit the event of EURO, the variability of exchange rates, differences in monetary policies and then in interest rates dynamics are no more relevant in explaining domestic Stock Exchanges behaviour. With economic convergence, expectations on corporate earnings will be the key factor. In this world, an important role will be played by different sector weights in each National Index. In order to anticipate this trend, some Financial Institutions recently started to be ‘sector’ diversified: Found Managers are increasingly moving from country-based portfolios to sector-based funds. This paper aim to describe the sectorial dimension of european Stock Exchange Market. In the fist part we analyse the sector composition, while in the second we statistically verify if sectors are emerging as factor explaining European Stock Indeces dynamics. In the third part we illustrate how valuation models can incorporate this factor.
Gregorio De Felice, Marcello Esposito, Emiliano Laruccia, La struttura settoriale del mercato azionario europeo in "ECONOMIA E POLITICA INDUSTRIALE " 107/2000, pp , DOI: