{"product_id":"behaviour-of-stocks-on-the-prague-stock-exchange-von-oldrich-koza","title":"Behaviour of Stocks on the Prague Stock Exchange","description":"\u003cp\u003eThis work studies the behaviour of the four most traded stocks on the  Prague Stock Exchange from January 2007 to July 2010. Its main goal is to describe  how the financial crisis influenced the Prague Stock Exchange. Employing standard  statistical methods, ARMA, GARCH, and VAR models I examine on daily data the  following phenomena: volatility, price jumps, the day of the week effect, validity of  the efficient market hypothesis, and information flow between the stocks. The results  imply that the financial crisis had stronger impact on the banking sector stocks than  on other stocks. The crisis was mainly characterized by rapid growth in volatility and  correlation between the stocks. It also influenced the information flow and the day of  the week effect. However, the crisis did not trigger growth in the number of extreme  price movements, and it did not cause the market to be less information efficient.\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783847313175\"\u003e\u003ch3\u003eDuring the Financial Crisis: Evidence from Empirical Research\u003c\/h3\u003e\u003c\/div\u003e","brand":"Autorenwelt Shop","offers":[{"title":"Softcover - 9783847313175","offer_id":39476288585821,"sku":"9783847313175","price":49.0,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/ecf96e8e-0b96-4ea9-ad07-de9359316e9b.jpg?v=1759211571","url":"https:\/\/shop.autorenwelt.de\/products\/behaviour-of-stocks-on-the-prague-stock-exchange-von-oldrich-koza","provider":"Autorenwelt Shop","version":"1.0","type":"link"}