عناصر مشابهة
La Volatilite des Marches Financiers: Quelle Part Pour les Fonds de Pension?: Test Empirique a Travers le Modele Ardl
| العنوان بلغة أخرى: | Volatility of Financial Market: What Proportion for Pension Funds?: Empirical test with Ardl Model |
|---|---|
| المصدر: | مجلة الاقتصاد التطبيقي والإحصاء |
| الناشر: |
المدرسة الوطنية العليا للإحصاء والاقتصاد التطبيقي
|
| المؤلف الرئيسي: | |
| مؤلفين آخرين: | |
| المجلد/العدد: | مج19, ع1 |
| محكمة: | نعم |
| الدولة: | الجزائر |
| التاريخ الميلادي: | 2022 |
| الصفحات: | 84 - 101 |
| ISSN: | 1112-234x |
| رقم MD: | 1274261 |
| نوع المحتوى: | بحوث ومقالات |
| اللغة: | French |
| قواعد المعلومات: | EcoLink |
| مواضيع: | |
| رابط المحتوى: |
| LEADER | 03469nam a22002417a 4500 | ||
|---|---|---|---|
| 001 | 2028803 | ||
| 041 | |a fre | ||
| 044 | |b الجزائر | ||
| 100 | |9 678068 |a Messaoui, Fatiha |e Author | ||
| 245 | |a La Volatilite des Marches Financiers: |b Quelle Part Pour les Fonds de Pension?: Test Empirique a Travers le Modele Ardl | ||
| 246 | |a Volatility of Financial Market: |b What Proportion for Pension Funds?: Empirical test with Ardl Model | ||
| 260 | |b المدرسة الوطنية العليا للإحصاء والاقتصاد التطبيقي |c 2022 |g يونيو | ||
| 300 | |a 84 - 101 | ||
| 336 | |a بحوث ومقالات |b Article | ||
| 520 | |b Financial globalization that began in the 1980s has accentuated the volatility of the current financial markets, as they have become more dynamic and integrated because of the financial globalization that has increased the number of players involved in these markets and operations performed on these. Institutional investors are an important category and influence the financial markets because of the large amounts they drain on them. In addition, pension hinds invest more than 50% of the financial markets, so can they partly explain the volatility that characterizes globalized financial markets? This paper empirically explores the impact of pension hinds on US market volatility using ARDL model on data time series begin in 1980 to 2017. Indeed, financial globalization has reinforced the decisive role played by the various institutional investors, in particular, pension hinds, these latter invest more than 50% of the financial markets, and so can they partly explain the volatility that characterizes globalized financial markets? The results show a positive and statistically significant relationship between market volatility and pension assets, wish is in line with the literature. |d L’objectif de notre article est de montrer empiriquement à travers une série longue allant de 1980 jusqu’à 2017, l’impact des fonds de pension sur le marché financier américain en utilisant une modélisation autorégressive à savoir le modèle ARDL, qui permet de conclure l’existence d’une relation de long terme entre les variables sous étude. En effet, la globalisation financière a renforcé le rôle déterminant joué par les différents investisseurs institutionnels, en particulier les fonds de pension, ces derniers investissent plus de 50% des marchés financiers, de ce fait, une des questions centrales est de savoir si les fonds de pension peuvent expliquer en partie la volatilité qui caractérise les marchés financiers globalisés ? Les résultats de notre étude montrent une relation positive et statistiquement significative entre la croissance des actifs des fonds de pension et la volatilité des marchés financiers, ce qui est en correspondance avec la littérature. | ||
| 653 | |a المعاشات التقاعدية |a الأسواق المالية |a التغذية الراجعة |a الانحدار الذاتي | ||
| 692 | |b Volatility |b Pension Funds |b Globalization |b S&P 500 |b Chronological Series | ||
| 700 | |9 499179 |a Azouani, Nacer |e Co-Author | ||
| 773 | |4 الاقتصاد |6 Economics |c 019 |e Journal of Statistics and Applied Economics |f Revue d'économie et de statistique appliquées. |l 001 |m مج19, ع1 |o 2344 |s مجلة الاقتصاد التطبيقي والإحصاء |v 019 |x 1112-234x | ||
| 856 | |u 2344-019-001-019.pdf | ||
| 930 | |d n |p y |q n | ||
| 995 | |a EcoLink | ||
| 999 | |c 1274261 |d 1274261 | ||
