Does corruption drive the stock market?

Detalhes bibliográficos
Autor(a) principal: Pinheiro, Ana Raquel Da Costa
Data de Publicação: 2010
Tipo de documento: Dissertação
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10362/9856
Resumo: A Work Project, presented as part of the requirements for the Award of a Masters Degree in Economics from the NOVA – School of Business and Economics
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spelling Does corruption drive the stock market?CorruptionStock marketCountry levelA Work Project, presented as part of the requirements for the Award of a Masters Degree in Economics from the NOVA – School of Business and EconomicsWe estimate the effect of corruption on the stock markets returns using as controls gross domestic product growth, inflation, unemployment growth, monetary base growth and institutional variables. The results show that in more developed countries corruption is inversely related to the stock market returns. In developing economies, on the other hand, there is empirical evidence supporting the second-best theory: higher levels of corruption impact positively on the stock markets returns. Furthermore, while per capita gross national income cannot account for corruption coefficients on the stock market, inflation seems to be positively related to the latter.NSBE - UNLTavares, JoséRUNPinheiro, Ana Raquel Da Costa2013-06-11T12:26:10Z2010-012010-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10362/9856enginfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-03-11T03:43:13Zoai:run.unl.pt:10362/9856Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:19:05.052583Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Does corruption drive the stock market?
title Does corruption drive the stock market?
spellingShingle Does corruption drive the stock market?
Pinheiro, Ana Raquel Da Costa
Corruption
Stock market
Country level
title_short Does corruption drive the stock market?
title_full Does corruption drive the stock market?
title_fullStr Does corruption drive the stock market?
title_full_unstemmed Does corruption drive the stock market?
title_sort Does corruption drive the stock market?
author Pinheiro, Ana Raquel Da Costa
author_facet Pinheiro, Ana Raquel Da Costa
author_role author
dc.contributor.none.fl_str_mv Tavares, José
RUN
dc.contributor.author.fl_str_mv Pinheiro, Ana Raquel Da Costa
dc.subject.por.fl_str_mv Corruption
Stock market
Country level
topic Corruption
Stock market
Country level
description A Work Project, presented as part of the requirements for the Award of a Masters Degree in Economics from the NOVA – School of Business and Economics
publishDate 2010
dc.date.none.fl_str_mv 2010-01
2010-01-01T00:00:00Z
2013-06-11T12:26:10Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/masterThesis
format masterThesis
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10362/9856
url http://hdl.handle.net/10362/9856
dc.language.iso.fl_str_mv eng
language eng
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv NSBE - UNL
publisher.none.fl_str_mv NSBE - UNL
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
repository.mail.fl_str_mv
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