Download or read book Determinants of Equity Prices in the Stock Markets written by Jimoh Ezekiel Oseni and published by . This book was released on 2009 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: Brav amp; Heaton (2003) alleges market indeterminacy (a situation where it is impossible to determine whether an asset is efficiently or inefficiently priced) in the stock market. Kang (2008) argue that empirical tests of linear asset pricing models show presence of mispricing in asset pricing. Asset pricing is considered efficient if the asset price reflects all available market information to the extent no informed trader can outperform the market and/or the uninformed trader.This study examined the extent to which some information factors or market indices affect the stock price. A model defined by Al-Tamimi (2007) was used to regress the variables (stock prices, earnings per share, gross domestic product, lending interest rate and foreign exchange rate) after testing for multicollinarity among the independent variables. The multicollinarity test revealed very strong correlation between gross domestic product and crude oil price, gross domestic product and foreign exchange rate, lending interest rate and inflation rate. All the variables have positive correlation to stock prices with the exception of lending interest rate and foreign exchange rate. The outcomes of the study agree with earlier studies by Udegbunam and Eriki (2001); Ibrahim (2003) and Chaudhuri and Smiles (2004).This study has enriched the existing literature while it would help policy makers who are interested in deploying instruments of monetary policy and other economic indices for the growth of the capital market.
Download or read book Firm Value written by Paolo Saona Hoffmann and published by BoD – Books on Demand. This book was released on 2018-08-01 with total page 151 pages. Available in PDF, EPUB and Kindle. Book excerpt: This edited volume aims to discuss the most contemporary state of the determinants of the firm value. This book presents theoretical works as well as empirical studies that contrast the arguments offered by the leading, ground-breaking theories on the firm value. What variables determine the firm value? Are these determinants controllable or uncontrollable by the managers of the companies? Is the impact of corporate governance systems on the firm value symmetrical between different institutional contexts? Do the financial reports affect the value of the firm? What role does corporate social responsibility play as a determinant of the firm value? These and other questions are analyzed and scrutinized step by step throughout this book.
Download or read book Stock Market Study Factors affecting the buying and selling of equity securities written by United States. Congress. Senate. Committee on Banking and Currency and published by . This book was released on 1955 with total page 1038 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Factors Affecting the Stock Market written by United States. Congress. Senate. Committee on Banking and Currency and published by . This book was released on 1955 with total page 222 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 Stock Market Volatility written by Greg N. Gregoriou and published by CRC Press. This book was released on 2009-04-08 with total page 654 pages. Available in PDF, EPUB and Kindle. Book excerpt: Up-to-Date Research Sheds New Light on This Area Taking into account the ongoing worldwide financial crisis, Stock Market Volatility provides insight to better understand volatility in various stock markets. This timely volume is one of the first to draw on a range of international authorities who offer their expertise on market volatility in devel
Download or read book Determinants of Stock Prices written by T. Oyama and published by International Monetary Fund. This book was released on 1997-09-01 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the general relationship between stock prices and macroeconomic variables in Zimbabwe, using the revised dividend discount model, error-correction model, and multi-factor return-generating model. Despite the large fluctuation in stock prices since 1991, this analysis indicates that the Zimbabwe Stock Exchange has been functioning quite consistently during this period. Whereas sharp increases in stock prices during 1993-94 were mainly due to the shift of risk premium that was caused by the partial capital account liberalization, the recent rapid increase in stock prices can be explained by the movements of monetary aggregates and market interest rates.
Download or read book The Determinants of Common Stock Prices written by Martin Jay Gruber and published by . This book was released on 1971 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Equity Markets Valuation and Analysis written by H. Kent Baker and published by John Wiley & Sons. This book was released on 2020-09-01 with total page 448 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sharpen your understanding of the financial markets with this incisive volume Equity Markets, Valuation, and Analysis brings together many of the leading practitioner and academic voices in finance to produce a comprehensive and empirical examination of equity markets. Masterfully written and edited by experts in the field, Equity Markets, Valuation, and Analysis introduces the basic concepts and applications that govern the area before moving on to increasingly intricate treatments of sub-fields and market trends. The book includes in-depth coverage of subjects including: · The latest trends and research from across the globe · The controversial issues facing the field of valuation and the future outlook for the field · Empirical evidence and research on equity markets · How investment professionals analyze and manage equity portfolios This book balances its comprehensive discussion of the empirical foundations of equity markets with the perspectives of financial experts. It is ideal for professional investors, financial analysts, and undergraduate and graduate students in finance.
Download or read book The Determinants of the Variability of Stock Market Prices written by Sanford J. Grossman and published by . This book was released on 1980 with total page 9 pages. Available in PDF, EPUB and Kindle. Book excerpt: The most familiar interpretation for the large and unpredictable swings that characterize common stock price indices is that price changes represent the efficient discounting of "new information" It is remarkable given the popularity of this interpretation that it has never been established what this information is about. Recent work by Shiller, and Stephen LeRoy and Richard Porter, has shown evidence that the variability of stock price indices cannot be accounted for by information regarding future dividends since dividends just do not seem to vary enough to justify the price movement. These studies assume a constant discount factor. In this paper, we consider whether the variability of stock prices can be attributed to information regarding discount factors (i.e., real interest rates), which are in turn related to current and future levels of economic activity. The appropriate discount factor to be applied to dividends which are received k years from today is the marginal rate of substitution between consumption today and consumption k periods from today, We use historical data on per capita consumption from 1890-1979 to estimate the realized value of these marginal rates of substitution. Theoretically, as LeRoy and C. J. La Civita have also noted independently of us, consumption variability may induce stock price variability whose magnitude depends on the degree of risk aversion
Download or read book The Little Book of Stock Market Profits written by Mitch Zacks and published by John Wiley & Sons. This book was released on 2011-10-19 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: A timely guide to making the best investment strategies even better A wide variety of strategies have been identified over the years, which purportedly outperform the stock market. Some of these include buying undervalued stocks while others rely on technical analysis techniques. It's fair to say no one method is fool proof and most go through both up and down periods. The challenge for an investor is picking the right method at the right time. The Little Book of Stock Market Profits shows you how to achieve this elusive goal and make the most of your time in today's markets. Written by Mitch Zacks, Senior Portfolio Manager of Zacks Investment Management, this latest title in the Little Book series reveals stock market strategies that really work and then shows you how they can be made even better. It skillfully highlights earnings-based investing strategies, the hallmark of the Zacks process, but it also identifies strategies based on valuations, seasonal patterns and price momentum. Specifically, the book: Identifies stock market investment strategies that work, those that don't, and what it takes for an individual investor to truly succeed in today's dynamic market Discusses how the performance of each strategy examined can be improved by combining into them into a multifactor approach Gives investors a clear path to integrating the best investment strategies of all time into their own personal portfolio Investing can be difficult, but with the right strategies you can improve your overall performance. The Little book of Stock Market Profits will show you how.
Download or read book Factors Affecting the Stock Market Staff Market Staff Report to written by United States. Congress. Senate. Banking and Currency Committee and published by . This book was released on 1955 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Stock Prices written by Frederic Drew Bond and published by . This book was released on 1911 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book An Empirical Analysis of Stock Market Price Determinants written by Robert Keith Zimmer and published by . This book was released on 1964 with total page 436 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Determinants of an Equity Prices Model written by Victor Mirgorod and published by . This book was released on 2005 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt: A study that develops estimates and tests a model of determinants of stock prices using regression analysis. The model of the determinants of equity prices incorporates a flow of funds approach to the U.S. economy.
Download or read book Determinants of Share Price Stock Market Volatility and Efficiency written by Karpagavalli Rajagopal and published by LAP Lambert Academic Publishing. This book was released on 2012 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: This substantially enlarged new edition of a well-established book aims at making its readers well-equipped with theories, concepts and techniques which can be applied to various levels of investment decision making.Consistent with this objective, the author have taken an analytical approach while dwelling on the subject matter.With an overall objective of doing creative investment management, taking sound investment decisions and maximizing wealth - is the focus of the book. SALIENT FEATURES To identify the significant determinants of Share Price of 'A' group and 'B' Group shares of the select banks and to examine its relationship with various explanatory variables To measure the volatility of stock return relative to market return and the riskiness of the select securities. To investigate whether prices of stocks in Bombay Stock Exchange follow a Random Walk Process (i.e. weak form of efficiency) as required by the market efficiency theory."
Download or read book Wealth Forever written by Sarkis J. Khoury and published by World Scientific. This book was released on 2003 with total page 580 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is the first of its kind in providing, simultaneously and comprehensively, historical, institutional and theoretical foundations for developments in the stock market. It debunks many a myth about stock price behavior and the valuation of stocks. The traditional valuation models are tested and shown to be often weak and unreliable, especially when applied to the valuation of technology stocks. New paradigms are suggested. The authors seek to answer many questions about the stock market: Why invest in stocks, how to invest in stocks, how to value stocks, how to change the risk profile of portfolios, how to analyze the results of stock investing, and how to minimize estate taxes and maximize control, even after death. All aspects of the stock market are covered, including the basic tools that will enable the reader to understand the stock market basics, the history of stock market performance in the US and overseas, the various ways to value stocks and to assess their risk, and the variousmethods that have been proposed to capitalize on the inefficiencies of the stock market, be they temporary or permanent. The book also deals with the derivative markets for stocks.
