An Analysis Of The Determinants Of Corporate Stock Price Variability PDF Download
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Author | : Walter Arthur Rennison |
Publisher | : |
Total Pages | : 90 |
Release | : 1965 |
Genre | : |
ISBN | : |
Download An Analysis of the Determinants of Corporate Stock Price Variability Book in PDF, ePub and Kindle
Author | : Seak Yau Loh |
Publisher | : |
Total Pages | : 100 |
Release | : 1993 |
Genre | : Stock price forecasting |
ISBN | : |
Download An Analysis of Some Determinants of Stock Price Volatility in the U.S. Market Book in PDF, ePub and Kindle
Author | : Andros Gregoriou |
Publisher | : |
Total Pages | : |
Release | : 2015 |
Genre | : |
ISBN | : |
Download Determinants of Telecommunication Stock Prices Book in PDF, ePub and Kindle
Purpose - In this paper, we analyse the determinants affecting the stock prices of telecommunications firms in both developed and developing countries around the world.Design/methodology/approach - The empirical analysis is performed using panel data from 160 countries and 45 companies, covering the time period from 2000 to 2011. To identify the significant factors, company level firm specific financial and non-financial factors have been analysed that are expected to bear significant impact on price volatility of telecommunications stock.Findings - Our test results reveal that capital expenditure and book value are the most significant factors. Dividends and debt levels only affect prices significantly in specification tests with either time-series or cross-sectional effects, whereas firms' earnings and numbers of mobile Internet subscribers do not contribute to the explanatory power of telecommunication stock price variability.Practical implications - Our study sheds light to the potential investors to evaluate the risk associated with investment in stocks of telecommunications firms and take informed investment decisions.Originality/value - This is the first study that presents a comprehensive analysis of the determinants affecting the stock prices of telecommunications firms in both developed and developing countries around the world.
Author | : Sanford J. Grossman |
Publisher | : |
Total Pages | : 9 |
Release | : 1980 |
Genre | : Stock price forecasting |
ISBN | : |
Download The Determinants of the Variability of Stock Market Prices Book in PDF, ePub and Kindle
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
Author | : Mariana Mazzucato |
Publisher | : |
Total Pages | : 21 |
Release | : 2001 |
Genre | : |
ISBN | : |
Download The Determinants of Stock Price Volatility Book in PDF, ePub and Kindle
Author | : Haskel Ben-Ishay |
Publisher | : |
Total Pages | : 68 |
Release | : 1960 |
Genre | : Investments |
ISBN | : |
Download Determinants of Variability in Earnings Price Ratios of Corporate Equity Book in PDF, ePub and Kindle
Author | : Sanford J. Grossman |
Publisher | : |
Total Pages | : 9 |
Release | : 2012 |
Genre | : |
ISBN | : |
Download The Determinants of the Variability of Stock Market Prices Book in PDF, ePub and Kindle
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 quot;new informationquot; 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.
Author | : Altaf Hussain |
Publisher | : |
Total Pages | : 19 |
Release | : 2016 |
Genre | : |
ISBN | : |
Download Macroeconomic Determinants of Stock Price Variations Book in PDF, ePub and Kindle
The main objective of this study is to assess the macroeconomic determinants of stock price variability in Pakistan. The quarterly data on macroeconomic variables (Gross Domestic Product, Foreign Direct Investment, Interest Rates, Exports, Money Supply and Unemployment Rate) and KSE-100 Index as proxy of stock price variation for the period of 1992:01 to 2012:04 is taken for the empirical investigation. Johansen co-integration test and VECM is used for this purpose. The analysis of this study specifies that the foreign direct investment, interest rates, export and unemployment rate have significant and negative impact on KSE-100 index, while money supply has found to be a significant and positive determinant of stock prices. On the other hand gross domestic product have a positive but insignificant impact on stock prices in Pakistan.
Author | : David E. Allen |
Publisher | : |
Total Pages | : 36 |
Release | : 1993 |
Genre | : Dividends |
ISBN | : 9781863422581 |
Download Dividend Policy and Stock Price Volatility Book in PDF, ePub and Kindle
Author | : Alex Coad |
Publisher | : Edward Elgar Publishing |
Total Pages | : 209 |
Release | : 2009-01-01 |
Genre | : Business & Economics |
ISBN | : 1848449100 |
Download The Growth of Firms Book in PDF, ePub and Kindle
Research into firm growth has been accumulating at a terrific pace, and Alex Coad s survey of this multifaceted field provides a detailed, comprehensive overview of the latest developments. Much progress has been made in empirical research into firm growth in recent decades due to factors such as the availability of detailed longitudinal datasets, more powerful computers and new econometric techniques. This book provides an up-to-date catalogue of empirical work, as well as a coherent theoretical structure within which these new results can be interpreted and understood. It brings together a large body of recent research on firm growth from a multidisciplinary perspective, providing an up-to-date synthesis of stylized facts and empirical regularities. Numerous empirical findings and theories of firm growth are also surveyed and compared in order to evaluate their validity. Drawing on a vast and diverse body of research, this book will prove invaluable to students, academics, policy makers and practitioners with a need to keep abreast of studies in industrial organization, firm growth and management.