Download or read book Are Common Stocks a Good Hedge Against Inflation written by and published by . This book was released on 2007 with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt: This thesis provides empirical evidences on the relations of stock prices and goods prices of China and India in country level and industry level. We find negative short run relation between real stock returns and inflation in India where Fama's proxy hypothesis couldn't explain it; while independent stock-inflation relation in China, consistent with Fisher's hypothesis. Moreover, we extend the investigation to long run relation of stock-inflation using a framework of tax-augmented Fisher hypothesis. Most pairs of stock and goods prices are cointegrated except 2 pairs in 31 pairs. The elasticity of stock prices to goods prices are significantly above unity in all pairs but 3. These findings, though in sharp contrast to most existing findings that report price elasticity of below unity or even no long run relation, appearing theoretically more plausible because nominal stock returns must exceed the inflation rate to compensate tax-paying investors. The time path test reinforce that India stock-inflation relation adjust from negative to positive over time, whereas China stock prices persists positive response to the corresponding shocks in consumer price indexes. The findings of inflation components also enhance the above findings. Hence, even though the time span is varying across countries, market segmentations and industries, stock portfolios are a reasonably good hedge against inflation in the long run in China and India.

Download or read book Common stock vs bonds as a hedge against inflation written by Frank S. Dustin and published by . This book was released on 1973 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book An Analysis of Common Stocks as Inflation Hedges written by Glenn Laurence Johnson and published by . This book was released on 1965 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Common Stocks as a Hedge Against Inflation written by Lawrence Minet and published by . This book was released on 1949 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Are Common Stocks Still a Hedge Against Inflation written by Antoine Pieyre and published by . This book was released on 1972 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Can Common Stocks Hedge Against Inflation written by Gary Sau Shan Chan and published by . This book was released on 1979 with total page 134 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Are Common Stocks a Hedge Against Inflation written by Kul B. Luintel and published by . This book was released on 2005 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book A Strategy for Hedging Against Inflation Using Common Stocks written by Victor Lewis Bernard and published by . This book was released on 1981 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Common Stocks as a Hedge Against Inflation written by Ricardo Leon Israele and published by . This book was released on 1979 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Can Common Stocks Provide a Hedge Against Inflation written by Paul Alagidede and published by . This book was released on 2010 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book An Evaluation of Common Stocks as an Inflation Hedge written by Harry H. Landreth and published by . This book was released on 1951 with total page 350 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Are Common Stocks a Hedge Against Iflation written by Kul B. Luintel and published by . This book was released on 2005 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: We test whether U.K. common stocks hedge against inflation using a framework of the tax-augmented Fisher hypothesis. Aggregate and disaggregate (seven industry groups) monthly data covering 48 years are used. All pairs of stock and retail price indexes are cointegrated. Tests in most cases reveal significant shifts in the cointegrating vectors, and accounting for these shifts improves the precision of the estimates. The point estimates of goods price elasticity are significantly above unity in all but two cases. These findings, though in sharp contrast to most existing findings that report price elasticity of below unity, appear theoretically more plausible because nominal stock returns must exceed the rate of inflation to insulate tax-paying investors.

Download or read book Common stock Investment as an Inflation Hedge 1939 46 written by Harold A. Dulan and published by . This book was released on 1948* with total page 9 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Common Stocks as an Inflation Hedge 1947 1957 written by Frederick Hing-Lung Fung and published by . This book was released on 1959 with total page 118 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book A Note on the Inflation Hedge Properties of Common Stock written by Ch. de Groof and published by . This book was released on 1978 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Common Stocks as Inflation Hedges written by Frank K. Reilly and published by . This book was released on 1971 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Companies and Common Stocks as Inflation Hedges written by Frank K. Reilly and published by . This book was released on 1975 with total page 79 pages. Available in PDF, EPUB and Kindle. Book excerpt: