search query: @journal_id 56 / total: 1032
reference: 290 / 1032
Author: | Sultan, J. |
Title: | Stock market reaction to German reunification |
Journal: | Journal of Business Finance and Accounting
1995 : JUL, VOL. 22:6, p. 831-844 |
Index terms: | GERMANY NEWS REPORTING USA |
Language: | eng |
Abstract: | Stock market reaction to the German reunification news is examined within the context of an asset pricing model. With the exception of the S&P 500 index, news had impacted the Financial Times World Stock Index, the DAX and the US based Germany Fund. In particular, both optimistic and pessimistic news related to reunification were significant determinants of the time varying risk of the World Stock Index returns. Country-specific risk in a diversified global,portfolio has important implications for portfolio management. |
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