Search Results - subject:"Present Value Model"

A comparison of oil project NPV's in the North Sea obtained using the weighted average cost of capital discounting method and a modern asset pricing method

Emhjellen, Magne; Alaouze, Chris M. - 1999

Persistent link: https://www.econbiz.de/10001492500

Should We Trust the Empirical Evidence from Present Value Models of the Current Account?

Mercereau, Benoît; Miniane, Jacques Alain - In: Economics - The Open-Access, Open-Assessment E-Journal 2 (2008), pp. 1-36

The present value model of the current account has been very popular, as it provides an optimal benchmark to which …

Persistent link: https://www.econbiz.de/10005083006

Dividends, prices and the present value model: firm-level evidence

Goddard, John; Mcmillan, David; Wilson, John - In: The European Journal of Finance 14 (2008) 3, pp. 195-210

Recent stock price movements have led to a re-examination of the present value model. Typically, empirical studies have … the long-run price-dividend relationship. The panel test results largely support the present value model, yielding …

Persistent link: https://www.econbiz.de/10005632845

Macroeconomic factors' influence on 'new' European countries' stock returns: the case of four transition economies

Samitas, Aristeidis G.; Kenourgios, Dimitris F. - In: International Journal of Financial Services Management 2 (2007) 1/2, pp. 34-49

'foreign global influence'. Using the present value model of stock prices and a complete range of cointegration and causality …

Persistent link: https://www.econbiz.de/10010668716

A rolling MTAR model to test for efficient stock pricing and asymmetric adjustment

Behr, Andreas - In: Applied financial economics 17 (2007) 16/18, pp. 1479-1487

Persistent link: https://www.econbiz.de/10003605859

Band Spectral Regression with Trending Data

Corbae, Dean; Ouliaris, Sam; Phillips, Peter C.B. - Cowles Foundation for Research in Economics, Yale University - 1997

trends. Some supporting Monte Carlo evidence is presented. An empirical application to the present value model of stock …

Persistent link: https://www.econbiz.de/10004990758

Macroeconomic factors’ influence on “new” European countries stock returns: the case of four transition economies

Samitas, Aristeidis; Kenourgios, Dimitris - EconWPA - 2005

“foreign global influence”. Using the present value model of stock prices and a complete range of cointegration and causality …

Persistent link: https://www.econbiz.de/10005561750

The New Keynesian Phillips Curve in Europe: does it fit or does it fail?

Tillmann, Peter - 2005

The canonical New Keynesian model specifies inflation as the present-value of future real marginal cost. This paper tests this New Keynesian Phillips Curve and exploits projections of future real marginal cost generated by VAR models to assess the model’s ability to match the behavior of...

Persistent link: https://www.econbiz.de/10002721705

A rolling MTAR model to test for efficient stock pricing and asymmetric adjustment

Behr, Andreas - 2004

Persistent link: https://www.econbiz.de/10002688701

Stock Market Valuation : the Role of the Macroeconomic Risk Premium

Boucher, Christophe - EconWPA - 2003

Using annual and quarterly data since 1952, we estimate a fundamentals- based empirical model for the earning-price ratio of US stocks. The key fundamental-variable is a time-varying discount rate, decomposed into a time-varying measure for the real interest rate and the equity risk premium....

Persistent link: https://www.econbiz.de/10005134780

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