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首页> 外文期刊>International Journal of Business and Management >Management of Stock Price and It Effect on Economic Growth: Case Study of West African Financial Markets
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Management of Stock Price and It Effect on Economic Growth: Case Study of West African Financial Markets

机译：股票价格管理及其对经济增长的影响：西非金融市场案例研究

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摘要

This paper investigates the statistical properties of stock returns in the West African regional stock market and the link between the West African regional stock market and economic growth. To examine the nature of the distribution of West African regional stock returns, the daily closing prices of the two stock index of West African regional stock market, and eighteen of it sub-indices were utilized. Nine years data from 1998 to 2007 interval were employed. The analysis of our study shows that the distribution of the West African regional stock market returns is non-normal and non-i.i.d (independent, identically and normally distributed). The linear and non-linear dependencies in the returns appeared to be the main reasons for the data being non-i.i.d. The study also demonstrates the presence of the day-of-the-week effect in West African regional stock market.
机译：本文研究了西非区域股票市场中股票收益的统计特性以及西非区域股票市场与经济增长之间的联系。为了检验西非区域股票收益分布的性质，利用了西非区域股票市场的两个股票指数的每日收盘价以及其中的18个子指数。使用从1998年到2007年的9年数据。我们的研究分析表明，西非区域股票市场收益的分布是非正态和非i.i.d（独立，相同且正态分布）的。返回中的线性和非线性相关性似乎是数据非i.i.d的主要原因。该研究还证明了西非区域股票市场中存在星期几效应。

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