Dominance among financial markets

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989100%3A27510%2F14%3A86090747" target="_blank" >RIV/61989100:27510/14:86090747 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Dominance among financial markets
Original language description
In this paper, we deal and evaluate the comparison problem among different financial markets using risk/variability measures consistent with investors? preferences. First, we recall a recent classification of multivariate stochastic orderings consistentwith preferences and we properly define the selection problem among different financial markets. Secondly, we propose an empirical financial application where multivariate stochastic orderings consistent with the non-satiable and risk averse investors? preferences are applied to compare and evaluate the possible dominance among the most developed market in the world (the US stock market) and two European markets (the German stock market and the UK stock market). In this context, we propose an ex-ante and an ex-post evaluation of the dominance among country stock markets. Moreover, in both cases we evaluate the dominance, considering the ?oldest? and ?youngest? firms of selected countries over previous decade.
Czech name
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Czech description
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Type
J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)
CEP classification
AH - Economics
OECD FORD branch
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Project
Result was created during the realization of more than one project. More information in the Projects tab.
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)<br>S - Specificky vyzkum na vysokych skolach

Publication year
2014
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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