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This paper empirically examines the Fama-French three-factor model of stock returns for Croatia. In contrast to the … model, since it explains cross-section of average returns on stocks in Croatia, and that has a greater explanatory power in …
Persistent link: https://www.econbiz.de/10009787020
Foreign direct investments are for the transition and less developed countries very important source of capital. Such investments have very positive impact on country's economy in terms of employment growth, industrial production growth, gross domestic product growth, favorable effects on the...
Persistent link: https://www.econbiz.de/10010439146
This paper examines the validity of purchasing power parity (PPP) hypothesis in the Republic of Croatia. The main aim … is to test whether the PPP Theory holds in the case of the Republic of Croatia and whether the PPP Theory is an … its long-run value. The PPP Theory in the Republic of Croatia has been tested using methods of cointegration analysis. Two …
Persistent link: https://www.econbiz.de/10010222876