Download or read book An Empirical Examination of the Association Between Earnings Per Share Figures and Stock Price Movement written by William Arthur Collins and published by . This book was released on 1975 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book AN EMPIRICAL EXAMINATION OF THE ASSOCIATION BETWEEN EARNINGS PER SHARE FIGURES AND STOCK PRICE MOVEMENT written by William Augustus Collins and published by . This book was released on 1978 with total page 79 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book An Empirical Examination of the Association Between Earnings Per Share Figures Ad Stock Price Movement written by William Arthur Collins and published by . This book was released on 1975 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Equity Share Price Determinants written by Challa Kiran and published by . This book was released on 2022-10-09 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book describes a study that demonstrates a new approach to support the investors while investing in stock markets. A number of empirical research works have been conducted in the area of equity share price determinants. There are many factors, which influence the market prices of the stocks of the companies. As the economic environment of each country differs, the influence and approach of factors thereby differs. The market price of the share is the most important and crucial variable in stock market. The main objective of the study is to measure the relationship between stock prices and company specific intrinsic factors, such as, dividend per share, earnings per share, book value, and size in terms of sales, dividend yield, dividend payout, return on net worth and price to earnings ratio. The other objectives covered in the book are: (1) To examine the empirical relationship between equity share prices and explanatory variables, such as book value per share, return on net worth, size in terms of sales, etc., (2) To analyze the relationship between the equity share price and variables, such as earnings per share, price-earnings ratio, dividend yield, dividend per share, dividend payout during the period of study, (3) To evaluate the impact of select non-financial variables on the market price of the share and earnings per share of the select industrial companies, and (4) To suggest the measures for the efficient decision making of the prospective investors while selecting stocks so as to get better returns on their investments. Annual reports data from BSE and SEBI is used covering a period of 10 years from 2003-04 to 2012-2013 to understand the market trend. For an empirical analysis, both financial and statistical techniques are employed and to get the precision of the results, the SPSS software packages are used. The results are verified by applying t-test & F-test in appropriate cases.

Download or read book Dissertation Abstracts International written by and published by . This book was released on 1999 with total page 764 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book An Empirical Test of the Relationship Between Gains losses on Disposal of Discontinued Operations Arising from Spin offs and Stock Prices Based on the Extended Functional Fixation Hypothesis written by and published by . This book was released on 2015 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: Under the Korean equivalents of International Financial Reporting Standards (K-IFRS), which was adopted in 2011, companies are allowed to recognize gains/losses on disposal of discontinued operations (GDDO) when they spin off part of their operations. GDDO reflects the gap between the fair value and the book value of the spun-off operations. However, the fair value is not based on the fair value of the assets classified as held for sale but based on the valuation of the operation by using the Free Cash Flow to the Firm (FCFF) method. Since the FCFF method estimates the value of the operation by discounting all future free cash flows from the operation, it is not accurate but varies remarkably with a small change in the discount factor. Furthermore, only spun-off operations are evaluated, but sustained operations are not. Lastly, shareholders of the parent company receive equivalent shares in the new company in order to compensate for the loss of equity in the original stocks. This implies that there should be no gains/losses from the division of the company unless there is a huge quantifiable impact from spinning off. For these reasons, it is improper to see GDDO as a real gain; rather, it is proper to see it as a paper gain. According to the extended functional fixation view, unsophisticated investors improperly implement a wrong analysis of such complicated accounting information into their investment decision making. Herein I attempt to test whether unsophisticated investors are affected by GDDO with an assumption that there are some unsophisticated marginal investors who see GDDO as a real gain and they impound this information in price. My hypothesis is tested by examining the stock price reaction to quarterly earnings announcements of firms which have undergone spin-offs since K-IFRS was adopted. On the financial performance announcement date, the firm's stock price is theoretically affected by the difference between the real earnings and the expected earnings (earnings surprise: ES). In a case in which the firm announced earnings including GDDO, only the real earnings, excluding GDDO, less the expected earnings should be reflected in the stock price movement-if all investors are sophisticated enough not to regard GDDO as real earnings. However, I test whether GDDO also affects the stock price movement in this situation separately from the impact from the earnings surprise, which implies that there are unsophisticated investors and the extended functional fixation hypothesis holds in the GDDO case. Eleven Korean companies that are traded on the Korean stock market and listed on the Korea Composite Stock Price Index (KOSPI) were subjected to the test. These companies meet the following constraints: (1) They have undergone spin-offs, and (2) They recognized GDDO on their income statement but do not directly add or deduct the amount from equity items on the balance sheet. I run a regression test on the excess stock return which is calculated by using historical two-day return, historical beta, the impact from earning surprise (ES), and the impact from GDDO. The result shows higher R2 and lower p-value for the case when both the ES and GDDO are chosen as x-variables than the case when the earnings surprise is solely chosen as an x-variable. The p-values for x-variables in both cases were smaller than 0.01. The test result implies that the extended functional fixation hypothesis might hold in this case. I conclude that including GDDO as an item on the income statement can affect some investors' decision making and demand for the stock.

Download or read book Expectations and the Structure of Share Prices written by John G. Cragg and published by University of Chicago Press. This book was released on 2009-05-15 with total page 185 pages. Available in PDF, EPUB and Kindle. Book excerpt: John G. Cragg and Burton G. Malkiel collected detailed forecasts of professional investors concerning the growth of 175 companies and use this information to examine the impact of such forecasts on the market evaluations of the companies and to test and extend traditional models of how stock market values are determined.

Download or read book American Doctoral Dissertations written by and published by . This book was released on 1999 with total page 848 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Comprehensive Dissertation Index Business economics L Z written by and published by . This book was released on 1984 with total page 794 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Catalog of Copyright Entries Third Series written by Library of Congress. Copyright Office and published by Copyright Office, Library of Congress. This book was released on 1978 with total page 1686 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Positive Accounting Theory written by Ross L. Watts and published by . This book was released on 2004 with total page 388 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Comprehensive Dissertation Index Business economics A K written by and published by . This book was released on 1984 with total page 808 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book National Union Catalog written by and published by . This book was released on with total page 1032 pages. Available in PDF, EPUB and Kindle. Book excerpt: Includes entries for maps and atlases.

Download or read book Value Stocks beat Growth Stocks An empirical Analysis for the German Stock Market written by Christian Schießl and published by Anchor Academic Publishing (aap_verlag). This book was released on 2014-02-01 with total page 71 pages. Available in PDF, EPUB and Kindle. Book excerpt: Based on a 'free of survivorship-bias' sample of German stocks listed at the Frankfurt stock exchange, the study investigates the ability of hedge portfolio formation structures, built of three value premium proxies (P/B, P/E, and DY), the size factor, and the technical momentum factor, to generate excess returns in the period 1992 to 2011. First, the author characterizes and defines the significant terms that are in connection with value and growth investing. He continues with the discussion of asset pricing with the CAPM, the Fama and French three-factor model, and the Carhart extension, and then describes the expected stock returns that are of capital importance. Moreover, the author deals with related studies for the German stock market. He gives a detailed description of the empirical analysis before he draws his conclusions. The author's purpose is to answer the following core questions: Is there a value premium in the German market between 1992 and 2011? Is there a reversed size premium like recent empirical findings suggest? Do high momentum stocks perform better than low momentum stocks? Is there a significant seasonal pattern in hedge portfolio returns? The combination of which factors best explains expected stock returns?

Download or read book The Change in the Stock Price Based on the Information Resulting from the Financial Ratios written by Shakir Al-ghalayini and published by GRIN Verlag. This book was released on 2015-01-26 with total page 79 pages. Available in PDF, EPUB and Kindle. Book excerpt: Master's Thesis from the year 2015 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: %86.20, Islamic University of Gaza, language: English, abstract: This study aimed to predict stock prices in Palestine Stock Exchange (PEX) by testing group of financial ratios and find a quantitative model, in which can be relied upon to predict the stock price for each sector. This model will help investors make rational decisions when they make investment decision in the financial market. To achieve this purpose, (17) financial ratios from (35) listed companies were tested using the available data for period 2009-2013. These ratios were analyzed using multiple regression to find the best model for each sector of (PEX). Several financial ratios can be used to predict the stock price in the industry sector, which are (earning per stock, market price on book value, days sales outstanding, fixed assets turnover, return on equity and profit margin). In the investment sector, the following ratios (market price on book value, assets turnover, market price on cash flow and fixed assets turnover) can be used to predict the stock price. Adding to that, the ratios of (earning per stock, market price on book value and return on equity) can predict the stock price of service sector. In the insurance sector, the ratios of (earning per stock, return on assets, debt ratio and assets turnover) can be used in predicting stock price. Finally, the ratios of (market price on book value, earning per stock, return on equity, basic earning power and fixed assets turnover) predicting the banking sector stock price. The study recommended the need to increase attention and caring when preparing the financial statements and must be prepared according to the Palestinian Stock Exchange standards, and the investors can rely on financial analysis of the financial statements when making financial investment decisions.

Download or read book Catalog of Copyright Entries Third Series written by Library of Congress. Copyright Office and published by . This book was released on 1976 with total page 1680 pages. Available in PDF, EPUB and Kindle. Book excerpt: The record of each copyright registration listed in the Catalog includes a description of the work copyrighted and data relating to the copyright claim (the name of the copyright claimant as given in the application for registration, the copyright date, the copyright registration number, etc.).

Download or read book The Rule of Three written by Jagdish Sheth and published by Simon and Schuster. This book was released on 2002-05-14 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: Name any industry and more likely than not you will find that the three strongest, most efficient companies control 70 to 90 percent of the market. Here are just a few examples: McDonald's, Burger King, and Wendy's General Mills, Kellogg, and Post Nike, Adidas, and Reebok Bank of America, Chase Manhattan, and Banc One American, United, and Delta Merck, Johnson & Johnson, and Bristol-Myers Squibb Based on extensive studies of market forces, the distinguished business school strategists and corporate advisers Jagdish Sheth and Rajendra Sisodia show that natural competitive forces shape the vast majority of companies under "the rule of three." This stunning new concept has powerful strategic implications for businesses large and small alike. Drawing on years of research covering hundreds of industries both local and global, The Rule of Three documents the evolution of markets into two complementary sectors -- generalists, which cater to a large, mainstream group of customers; and specialists, which satisfy the needs of customers at both the high and low ends of the market. Any company caught in the middle ("the ditch") is likely to be swallowed up or destroyed. Sheth and Sisodia show how most markets resemble a shopping mall with specialty shops anchored by large stores. Drawing wisdom from these markets, The Rule of Three offers counterintuitive insights, with suggested strategies for the "Big 3" players, as well as for mid-sized companies that may want to mount a challenge and for specialists striving to flourish in the shadow of industry giants. The book explains how to recognize signs of market disruptions that can result in serious reversals and upheavals for companies caught unprepared. Such disruptions include new technologies, regulatory shifts, innovations in distribution and packaging, demographic and cultural shifts, and venture capital as well as other forms of investor funding. Years in the making and sweeping in scope, The Rule of Three provides authoritative, research-based insights into market dynamics that no business manager should be without.