Abstract
Abstract This study investigates the interdependence of some major financial variables applied to several European Telecommunications institutions using a multivariate vector autoregressive (VAR) approach. In particular, this paper examines the bilateral relationships among market fundamental variables, such as stock returns, index returns, earnings, capital expenditures and interest rate, with respect to causality and impulse responses, for companies that play major role in their home stock markets. Unlike the fact that the selected Telecommunications companies have many similar characteristics, this research finds that only few of them support common behavior.
Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
