Search Results - subject:"STOCK PRICES"

Did you mean: subject:"STOCK price" (54,078 results)

Accounting conservatism and stock pricing: an analysis based on China's split‐stock reform

Zhu, Song; Xia, Donglin - In: Nankai Business Review International 2 (2011) 1, pp. 23-47

regulation authorities. Accounting earnings is a key determinant among the factors influencing stock prices, which even … stock prices. The purpose of this paper is to investigate the market reaction during the reform from the perspective of …

Persistent link: https://www.econbiz.de/10014954205

An examination of the information content of S&P 500 index changes : Analysis of systematic risk

Geppert, John M.; Ivanov, Stoyu I.; Karels, Gordon V. - In: Review of Accounting and Finance 10 (2011) 4, pp. 411-426

Purpose – The purpose of this paper is to examine the shocks to firm's beta around the event of addition or deletion from the S&P 500 index. Design/methodology/approach – The total derivative of beta and Campbell and Vuolteenaho decomposition of beta methodologies are used, on monthly and...

Persistent link: https://www.econbiz.de/10014989629

Causal relationship between stock prices and exchange rates

Alagidede, Paul; Panagiotidis, Theodore; Zhang, Xu - In: The Journal of International Trade & Economic Development 20 (2011) 1, pp. 67-86

test are carried out and causality from exchange rates to stock prices is found for Canada, Switzerland, and UK; weak …-linear causality and the results indicate causality from stock prices to exchange rates in Japan and weak causality of the reverse …

Persistent link: https://www.econbiz.de/10009219594

Nonlinear Mean Reversion across National Stock Markets: Evidence from Emerging Asian Markets

Chen, Shu-Ling; Kim, Hyeongwoo - In: International Economic Journal 25 (2011) 2, pp. 239-250

) for the relative stock prices of Emerging Asian markets, we find strong evidence of nonlinear mean reversion, whereas …

Persistent link: https://www.econbiz.de/10009223949

The influence of affect on stock price volatility: new theory and evidence

Olsen, Robert A. - In: Qualitative Research in Financial Markets 4 (2011) June, pp. 26-35

Purpose – The purpose of this paper is to present a behavioral explanation of excess stock price volatility relative to present value theory. Design/methodology/approach – The conceptual basis is the impact of affect on investor decisions. The empirical tests involve survey data collected...

Persistent link: https://www.econbiz.de/10010540363

Dynamic relationships between Middle East stock markets

Floros, Christos - In: International Journal of Islamic and Middle Eastern … 4 (2011) August, pp. 227-236

Purpose – The aim of this paper is to examine the dynamic relationships between Middle East stock markets. Design/methodology/approach – Daily data from the Egyptian (CMA) and Israeli Tel Aviv Stock Exchange (TASE-100) stock indices are considered. The paper employs a Bivariate cointegration...

Persistent link: https://www.econbiz.de/10009274818

Testing the weak-form efficiency in African stock markets

Ntim, Collins G.; Opong, Kwaku K.; Danbolt, Jo; … - In: Managerial Finance 37 (2011) March, pp. 195-218

Purpose – The purpose of this paper is to investigate and compare the weak-form efficiency of a set of 24 African continent-wide stock price indices and those of eight individual African national stock price indices. Design/methodology/approach – Variance-ratio tests based on ranks and signs...

Persistent link: https://www.econbiz.de/10009275395

Cumulative voting and the conflicts between board and minority shareholders

Zhao, Aiwu; Brehm, Alexander J. - In: Managerial Finance 37 (2011) May, pp. 465-473

Purpose – The purpose of this paper is to investigate whether cumulative voting can help ease the conflicts between board of directors and minority shareholders. Design/methodology/approach – The authors use voting result of shareholder proposals as an indicator of the level of conflicts...

Persistent link: https://www.econbiz.de/10009275428

The weekly structure of US stock prices

Caporale, Guglielmo Maria; Gil-Alana, Luis - In: Applied Financial Economics 21 (2011) 23, pp. 1757-1764

In this article, we use fractional integration techniques to examine the degree of integration of four US stock market indices, namely the Standard and Poor (S&P), Dow Jones, Nasdaq and New York Stock Exchange (NYSE), at a daily frequency from January 2005 till December 2009. We analyse the...

Persistent link: https://www.econbiz.de/10009278606

The constant elasticity of variance model: calibration, test and evidence from the Italian equity market

Ballestra, Luca Vincenzo; Pacelli, Graziella - In: Applied Financial Economics 21 (2011) 20, pp. 1479-1487

We present a robust and reliable methodology to calibrate and test the Constant Elasticity of Variance (CEV) model. Precisely, the parameters of the model are estimated by maximum likelihood, and an efficient numerical method to maximize the likelihood function is developed. Furthermore, a...

Persistent link: https://www.econbiz.de/10009278621