Evolución del mercado bursátil español durante la crisis financiera (2007-2014) y su comparativo con el mercado de deuda soberana española

  1. Mohamed-Mimón, Meyit 1
  2. Arana-Torres, Joaquín 1
  3. Mohamed-Maslouhi, Miriem 1
  4. Miragaya-Casillas, Cristina 1
  5. Pérez-Castro, Miguel Ángel 1
  6. Montero-Alonso, Miguel Ángel 1
  1. 1 Universidad de Granada
    info

    Universidad de Granada

    Granada, España

    ROR https://ror.org/04njjy449

Journal:
Anales de ASEPUMA

ISSN: 2171-892X

Year of publication: 2017

Issue: 25

Type: Article

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Abstract

Introduction: This paper analyzes the behavior of the Spanish financial market based on the assumption that financial resources are limited and that investors will have to choose between investing in public debt instruments or investing in private equity instruments. Methodology: Using the econometric tools and techniques with STATA which is a statistical software, the objectives are solved. In addition, we study the possible variables that influence the stock market index, such as the prices of the securities that operate on it, and quantify the relationship between the IBEX-35 and the Spanish public debt market materialized through the value of the risk premium of the Spanish public debt respect to the German public debt. Results: 95.96% of the value of the IBEX-35 is controlled by the 6 companies with the largest market capitalization of the index, as well as the inverse relationship between both markets studied. Discussion: Finally, we conclude with weighing the influence of each of the companies with the largest market capitalization in the index, as well as verifying the inverse relationship between the two markets described, thus demonstrating the theoretical thesis presented in this research.

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