Results 11 to 20 of about 79,209 (149)
Technological Revolutions and Stock Prices [PDF]
SSRN Electronic Journal, 2008 We develop a general equilibrium model in which stock prices of innovative firms exhibit “bubbles” during technological revolutions. In the model, the average productivity of a new technology is uncertain and subject to learning. During technological revolutions, the nature of this uncertainty changes from idiosyncratic to systematic.
Pietro Veronesi +5 more
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Deflation and Stock Prices [PDF]
Management Studies, 2016 While the literature on inflation and stock prices is plentiful, there is little literature on deflation and stock prices. This paper explores the empirical data and makes a theoretical analysis of the likely impact on stock prices when expectations changes from inflation to deflation.
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Inflation Illusion and Stock Prices [PDF]
American Economic Review, 2004 We empirically decompose the S&P 500's dividend yield into (1) a rational forecast of long-run real dividend growth, (2) the subjectively expected risk premium, and (3) residual mispricing attributed to the market's forecast of dividend growth deviating from the rational forecast.
John Y. Campbell, Tuomo Vuolteenaho
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Return or stock price differences [PDF]
Physica A: Statistical Mechanics and its Applications, 2002 The analysis which assumes that tick by tick data is linear may lead to wrong conclusions if the underlying process is multiplicative. We compare data analysis done with the return and stock differences and we study the limits within the two approaches are equivalent. Some illustrative examples concerning these two approaches are given.
Jaume Masoliver +2 more
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Tax Policy and Stock Prices [PDF]
National Tax Journal, 1986 In the past decade, shifts in tax policy have produced significant windfall gains and losses. This study has introduced a cashflow model for computing windfalls accruing to equity shareholders.
Thomas Downs, Patric H. Hendershott
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Stock Prices and Social Dynamics [PDF]
Brookings Papers on Economic Activity, 1984 The empirical evidence that is widely interpreted as supporting the efficient markets theory in finance actually does not rule out the possibility that changing fashions or fads among investors have an important influence on prices in financial markets.
Robert J. Shiller +2 more
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Overreaction in Stock Forecasts and Prices [PDF]
SSRN Electronic Journal, 2009 We study the degree of individual and aggregate market overreaction in a dynamic experimental auction market. In 13 sessions with overall 101 students we find overreaction to new information both in stock price forecasts and transaction prices. Interestingly, market forces do not seem to help in lowering overreaction to new information in our setting ...
Nosic, Alen, Weber, Martin
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PLOS ONE, 2020 I evaluate Alan Greenspan's claim that stock price bubbles build up in periods of euphoria and tend to burst due to increasing fear. Indeed, there is evidence that e.g. during a crisis, triggered by increasing fear, both qualitative and quantitative measures of risk aversion increase substantially.
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Procedia - Social and Behavioral Sciences, 2014 AbstractThe previous studies have shown that there is a relation between values of stock prices and the price changes caused by public announcements. Thus the aim of this paper is to examine if the respective relation can be observed in Lithuanian stock market and how this relation is affected by different categories and types of announcements.
Jurgita Stankevičienė, Simas Akelaitis
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An Outlook on Correlations in Stock Prices [PDF]
, 2007 We present an outlook of the studies on correlations in the price timeseries of stocks, discussing the construction and applications of "asset tree". The topic discussed here should illustrate how the complex economic system (financial market) enrichens the list of existing dynamical systems that physicists have been studying for long.
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