Athens Stock Exchange: Organization, Management, and Behavior of Major Stock Market Indices
Christos Negakis
(Aristotle's University of Thessaloniki, Greece)
Dimitris Kambouris
(Aristotle's University of Thessaloniki, Greece)
116
Abstract
This paper explores some institutional aspects of the Athens Stock Exchange (ASE) and investigates the time‐series properties of three major ASE stock indices. The results depict that future returns on these indices are difficult to predict. However, volatility in these indices can be predictable using the GARCH models. Various models for predicting volatility patterns are presented.
Citation
Negakis, C. and Kambouris, D. (1994), "Athens Stock Exchange: Organization, Management, and Behavior of Major Stock Market Indices", Managerial Finance, Vol. 20 No. 5, pp. 43-51. https://doi.org/10.1108/eb018474
Publisher
:MCB UP Ltd
Copyright © 1994, MCB UP Limited