or stock prices is whether such activities can act as a predictor of these two variables' performance, or whether these … (2006) to carry out a causality test among M&A activities, economic growth and stock prices, because the causal … paper are as follows. There is significant, one-way causality from stock prices to M&A activities, and thus changes in stock …

microfounded collateral constraint implies that good news about future productivity yield an increase in stock prices, available …

stock prices. We find that the high-volatility regime more frequently exists prior to the Great Depression and after the …

stock prices exhibit non-linear stationarity. … half-lives in the region of three to five years. Originality/value –In contrast to other panel unit root tests of stock … prices, the authors identify which individual panel members are stationary and non-stationary using a SURADF test. A further …

of real house prices, real stock prices and real per capita personal income (proxying output), which allows us to account … transmission mechanism. Moreover, the absence of reverse causation from the personal income per capita to both housing and stock … prices tend to suggest that non-economic fundamentals may have played an important role in the formation of bubbles in these …

stock prices exhibit non-linear stationarity.  … half-lives in the region of three to five years. Originality/value – In contrast to other panel unit root tests of stock … prices, the authors identify which individual panel members are stationary and non-stationary using a SURADF test. A further …

until 1990, fiscal expansions were associated with declining house and slightly increased stock prices. The majority of the …

It is important to identify the effects of stock prices on financial and macroeconomic variables when the development … (IRFs) and forecast error variance decompositions (FEVDs) are used for determining the effects of stock prices on money …