2009 Student Research Conference:
22nd Annual Student Research Conference

Development of the Stock Market in Bulgaria: A Historical Prospective
Aleksandar Udev
Dr. Jason Lin, Faculty Mentor

The propose of this project was to very closely trace and investigate the impact of various factors on the Bulgarian stock market development such as the country's wealth, GDP per capita, economic booms and recessions, literacy rate and education, stability of the government and political freedom during the above mentioned three stages. My main goal was to find which historical period and more importantly what variables contributed most to stock market development. Some of the methods used to extract a more valuable data on market risk were the CAPM and the SML methods. After analyzing all the data gathered, I drew some interesting conclusions about the factors affecting the Bulgarian stock market. More interesting was that the Government of Bulgaria had an effect on all the variables that have influenced the market. Some of that effect was relatively easy to explain. The way other variables such as literacy rate and education were influenced by the Government turned out to be very surprising.

Keywords: country's wealth, GDP per capita , literacy rate and education, government stability, political freedom, CAPM , SML

Topic(s):Business Administration

Presentation Type: Oral Paper

Session: 32-5
Location: VH 1416
Time: 2:15

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