Revista OEconomica

Raluca-Georgiana ROBU, Maria GHEORGHE (NIŢU), Valentin COJANU, Alexia-Maria POPESCU - Between Opportunity and Dependency: The Evolution of Romania’s Trade with Asian Economies [Între oportunitate şi dependenţă: evoluţia comerţului României cu economiile asiatice]

Narciz BĂLĂŞOIU, Octavian-Dragomir JORA, Răzvan Marian PÎRCĂLĂBESCU - Romania’s Positioning and Room for Manoeuvre: The Dilemmas of Peripheral Adaptation in the New Indo-Pacific [Poziţionarea şi marjele de manevră ale României: dilemele adaptării periferice în noul Indo-Pacific]

Mădălina JURUBIțĂ - Redefining EU Trade Policy for an Age of Geoeconomic Rivalry: Strategic Autonomy, Security, and Resilience

Geicun MUSTAFA - Islamophobia as an Informal Trade Barrier: Reputational Risk and the Political Economy of Deglobalization

Hesam JEBELI-BAKHT-ARA - Racialized Capitalism and Economic Discrimination: The Case of Ethnic Labour Segmentation in Contemporary Europe

Articles on Issue Theme

Radu LUPU

Academia de Studii Economice din Bucureşti

Event studies, introduced by Fama et al. (1969), produce useful evidence on how stock prices respond to information. We conducted an event study analysis for the Romanian companies listed on Bucharest Stock Exchange with respect to dividend announcements by using a simple market model. After defining positive, negative and normal events we concluded that the cumulative abnormal returns computed for a 41 day window do not provide relevant evidence that the market is efficient.

ŒCONOMICA no. 4/2005

Keywords: event study, capital markets, dividends, efficient markets

JEL: J14

Competitivitatea firmelor listate la BVB folosind metoda studiului econometric de eveniment

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