Two Decades of Municipal Bond Trading at the Bucharest Stock Exchange

Pop, Cornelia; Georgescu, Maria-Andrada

doi:10.1007/978-3-031-48288-5_16

Springer Proceedings in Business and Economics

2024

DOI: 10.1007/978-3-031-48288-5_16

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Two Decades of Municipal Bond Trading at the Bucharest Stock Exchange

Cornelia Pop,

Maria-Andrada Georgescu

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2024

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Cited by 1 publication

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Municipal Bonds at Bucharest Stock Exchange: What the Correlations are Revealing?

POP,

GEORGESCU

2024

Studia UBB Negotia

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"As highlighted by Pop & Georgescu (2024), the Romanian academic literature concerning municipal bonds is sparse, while the investigations regarding the factors that can influence the sub-sovereign bond trading at Bucharest Stock Exchange is quasi non-existent, to the best of authors’ knowledge. The present paper continues the work of Pop & Georgescu (2024) by trying to identify which of the public available information regarding various interest rates and Bucharest Stock Exchange (henceforth BVB) indices returns influence the trading activity of municipal bond market segment. The correlations presented within this paper imply that the modest profile of municipal bond segment at BVB is related to a relative small number of individual investors that dominate the transactions, using mostly observed data to decided when to trade and what to trade. The scarce correlations that appear in relation with the trading volume and trading value point toward the idea that only a small portion of the listed municipal bonds are owned by individual investors. Key words: municipal bond, Romania, correlations JEL Classification: G12"

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Municipal Bonds at Bucharest Stock Exchange: What the Correlations are Revealing?

POP,

GEORGESCU

2024

Studia UBB Negotia

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Two Decades of Municipal Bond Trading at the Bucharest Stock Exchange

Cited by 1 publication

References 9 publications

Municipal Bonds at Bucharest Stock Exchange: What the Correlations are Revealing?

Municipal Bonds at Bucharest Stock Exchange: What the Correlations are Revealing?

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