The Economics of the Name Change: Long-term Adjustments towards EU/NATO or Short-term Resolution of Political Uncertainty?
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Redalyc
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| Natura: | Artículo científico |
| Lingua: | en |
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Vilniaus Universitetas
2021
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| _version_ | 1876436260395941888 |
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| author | Srbinoski Bojan |
| author_facet | Srbinoski Bojan |
| contents | The Economics of the Name Change: Long-term Adjustments towards EU/NATO or Short-term Resolution of Political Uncertainty? Srbinoski Bojan Poposki Klime Ksenija Dencic-Mihajlov Milica Pavlovic Economía y Finanzas Referendum event study stock markets political uncertainty North Macedonia and Greece resolved the 27-year country name dispute and removed the main hurdle for North Macedonia to start the accession processes towards the EU and NATO. The paper analyzes the stock market movements around several events related to the name issue resolution to uncover whether Macedonian companies experienced stock price adjustments according to the long-term benefits/costs of joining the EU/NATO. The dynamics of the market reactions suggest that the investors reacted systematically to the short-term political uncertainty created around the referendum rather than to the long-term perspectives of the EU/NATO integration. We integrate the knowledge from the literature which explores stock market reactions to EU enlargement/exit and political elections and provide contributions for researchers and policymakers. 2021 artículo científico 2029-4581 https://www.redalyc.org/articulo.oa?id=692372861005 https://www.redalyc.org/journal/6923/692372861005/ https://www.redalyc.org/journal/6923/692372861005/html/ https://www.redalyc.org/journal/6923/692372861005/692372861005.epub https://www.redalyc.org/journal/6923/692372861005/movil en http://www.redalyc.org/revista.oa?id=6923 Organizations and Markets in Emerging Economies application/pdf Vilniaus Universitetas Organizations and Markets in Emerging Economies (Lituania) Num.1 Vol.12 |
| format | Artículo científico |
| id | redalyc_692372861005 |
| institution | Redalyc |
| language | en |
| publishDate | 2021 |
| publisher | Vilniaus Universitetas |
| spellingShingle | The Economics of the Name Change: Long-term Adjustments towards EU/NATO or Short-term Resolution of Political Uncertainty? Srbinoski Bojan Economía y Finanzas Referendum event study stock markets political uncertainty The Economics of the Name Change: Long-term Adjustments towards EU/NATO or Short-term Resolution of Political Uncertainty? Srbinoski Bojan Poposki Klime Ksenija Dencic-Mihajlov Milica Pavlovic Economía y Finanzas Referendum event study stock markets political uncertainty North Macedonia and Greece resolved the 27-year country name dispute and removed the main hurdle for North Macedonia to start the accession processes towards the EU and NATO. The paper analyzes the stock market movements around several events related to the name issue resolution to uncover whether Macedonian companies experienced stock price adjustments according to the long-term benefits/costs of joining the EU/NATO. The dynamics of the market reactions suggest that the investors reacted systematically to the short-term political uncertainty created around the referendum rather than to the long-term perspectives of the EU/NATO integration. We integrate the knowledge from the literature which explores stock market reactions to EU enlargement/exit and political elections and provide contributions for researchers and policymakers. 2021 artículo científico 2029-4581 https://www.redalyc.org/articulo.oa?id=692372861005 https://www.redalyc.org/journal/6923/692372861005/ https://www.redalyc.org/journal/6923/692372861005/html/ https://www.redalyc.org/journal/6923/692372861005/692372861005.epub https://www.redalyc.org/journal/6923/692372861005/movil en http://www.redalyc.org/revista.oa?id=6923 Organizations and Markets in Emerging Economies application/pdf Vilniaus Universitetas Organizations and Markets in Emerging Economies (Lituania) Num.1 Vol.12 |
| title | The Economics of the Name Change: Long-term Adjustments towards EU/NATO or Short-term Resolution of Political Uncertainty? |
| topic | Economía y Finanzas Referendum event study stock markets political uncertainty |
| url | https://www.redalyc.org/articulo.oa?id=692372861005 https://www.redalyc.org/journal/6923/692372861005/ https://www.redalyc.org/journal/6923/692372861005/html/ https://www.redalyc.org/journal/6923/692372861005/692372861005.epub https://www.redalyc.org/journal/6923/692372861005/movil |