TY  - JOUR
TI  - Diversification opportunities in European stock markets and their impact on textile industry development based on a financial education approach
AU  - Spulbăr, Cristi
AU  - Birău, Ramona
AU  - Oluwi, Victor
AU  - Ejaz, Abdullah
AU  - Gorun, Tiberiu Horațiu
AU  - Călugăru, Toni
AU  - Ali Zulfiqar, Imran
AU  - Minea, Loredana Elena
T2  - Industria Textila
AB  - This  research  study  explores  the  diversification  opportunity  among  18  European  stock  market  indices  for  the  sample
period from January 2001 to December 2019. However, financial education plays an important role in the development
of  the  textile  industry,  considering  the  dynamics  of  the  companies  listed  on  the  European  stock  exchanges.  The
correlation  matrix,  pairwise  cointegration  and  Johansen  cointegration  reveal  that  selected  18  European  stock  market
indices do not reduces the portfolio risk because exhibit higher positive correlation among them, and their movement
pulsed  in  tandem.  Potential  investors  are  attracted  by  high  investment  opportunities  in  order  to  maximize  their  return
based on portfolio diversification. Financial education can effectively contribute to the sustainable growth of the textile
industry  in  Europe.  This  empirical  research  provides  an  integrated  perspective  on  the  long-term  evolution  of  certain
major European stock exchange indices. The findings have significant implications for investors interested in selecting
these European stock indices in order to diversify their portfolio risk. Our study also imply that selected stock indices
have  been  strongly  affected  by  similar  political  and  financial  belies  across  Europe  thus,  eliminating  the  possibility  of
portfolio risk diversification.
DA  - 2021/10/30/
PY  - 2021
DO  - 10.35530/IT.072.05.1819
DP  - DOI.org (Crossref)
VL  - 72
IS  - 05
SP  - 528
EP  - 537
SN  - 12225347
UR  - http://revistaindustriatextila.ro/images/2021/5/009%20CRISTI%20SPULBAR%20Industria%20Textila%20no%205_2021.pdf
Y2  - 2021/10/31/11:22:02
ER  -