Πλοήγηση ανά Συγγραφέας "Rokadakis, Michail"

Τώρα δείχνει 1 - 1 of 1
  • Μικρογραφία εικόνας
    Τεκμήριο
    Political elections and stock market: the case of Greece
    (ΕΛΜΕΠΑ, Σχολή Επιστημών Διοίκησης και Οικονομίας (ΣΕΔΟ), ΠΜΣ Χρηματοοικονομική Διοίκηση, 2026-03-30) Rokadakis, Michail; Ροκαδάκης, Μιχαήλ; Floros, Christos; Φλώρος, Χρήστος
    This dissertation explores how the Greek parliamentary elections of May 2023 affected the Athens Stock Exchange (ASE), examining changes in stocks prices in various sectors. By applying methods such as event study, simple linear regression, t-test of a sample and GARCH models, yield anomalies and fluctuations in four key ASE indices were examined, namely the FTSE/Athex Market Index, FTSE/Athex Banks Index, FTSE/ATHEX Large Cap Index and FTSE/ATHEX Mid Cap Index. The analysis covers the period from November 2022 to June 2023, offering a complete picture of the effects before and after the elections. The results show significant variations in market reaction across sectors. The banking sector initially rose, followed by a downturn, suggesting cautious optimism on the part of investors. By contrast, the mid-cap index recorded impressive gains after the elections, revealing positive sentiment towards medium-sized companies. Although the large-cap index remained relatively stable, the FTSE/ATHEX Market Index fluctuated strongly around the election event. The research contributes to a better understanding of the impact of political events on financial markets and provides useful information to decision-makers and investors on market behaviour during political changes.