Results 281 to 290 of about 86,729 (295)
Firm Expansion and Stock Price Momentum* [PDF]
Review of Finance, 2011 We document a significant and robust connection between firm-level asset changes and return momentum. Momentum profits are large and significant for firms that have experienced large asset expansions or contractions, whereas they otherwise are small and often insignificant.
Pöyry, Salla, Nyberg, Peter
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What Drives Stock Prices? Identifying the Determinants of Stock Price Movements [PDF]
Southern Economic Journal, 2006 In this paper, we show that the data have difficulty distinguishing a stock price decomposition in which expectations of future real dividend growth is a primary determinant of stock price movements from one in which expectations of future excess returns are a primary determinant.
Mark E. Wohar, Nathan S. Balke
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Forecasting Stock Market Prices
The Journal of Finance, 1977building techniques to publicly available information could have permitted an investor to earn a portfolio return in excess of the return which was commensurate with the portfolio risk. The question of equity market efficiency over time is an area of constant disagreement, especially between practitioners and theoreticians. The disagreement is really a
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Journal of Financial Research, 2001
AbstractNumerous empirical studies establish that inflation has a negative short‐run effect on stock returns but few studies report a positive, long‐run Fisher effect for stock returns. Using stock price and goods price data from six industrial countries, we show that long‐run Fisher elasticities of stock prices with respect to goods prices exceed ...
Ali Anari, James W. Kolari
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AbstractNumerous empirical studies establish that inflation has a negative short‐run effect on stock returns but few studies report a positive, long‐run Fisher effect for stock returns. Using stock price and goods price data from six industrial countries, we show that long‐run Fisher elasticities of stock prices with respect to goods prices exceed ...
Ali Anari, James W. Kolari
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Stock Prices, Inflation and Stock Returns Predictability
Finance, 2004Résumé Dans cet article, nous considérons la relation entre les cours boursiers et l’inflation aux États-Unis dans une nouvelle perspective. Nous estimons la tendance stochastique commune entre les cours boursiers réels, tels que reflétés par l’ Earning Price Ratio (EPR), et l’inflation anticipée et réalisée.
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SSRN Electronic Journal, 2015
A kinetic model of stock price returns is presented for the description of the stock price dynamics through an impact of the information signals on investor behaviours. The model incorporates behavioural processes of the influence of the private or public information on the exchange of cash and shares flows.
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A kinetic model of stock price returns is presented for the description of the stock price dynamics through an impact of the information signals on investor behaviours. The model incorporates behavioural processes of the influence of the private or public information on the exchange of cash and shares flows.
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Operations Research, 1965
This study contains data that throw substantial doubt upon the applicability of the random walk model to stock prices. Samples of the books of the specialist indicate that stock market decision makers place their limit and stop orders at numbers with which they are accustomed to deal.
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This study contains data that throw substantial doubt upon the applicability of the random walk model to stock prices. Samples of the books of the specialist indicate that stock market decision makers place their limit and stop orders at numbers with which they are accustomed to deal.
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A Recapitulation: Stock Values and Stock Prices
Financial Analysts Journal, 1968(1968). A Recapitulation: Stock Values and Stock Prices. Financial Analysts Journal: Vol. 24, No. 6, pp. 134-148.
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Predictability of Stock Market Prices.
Journal of the Royal Statistical Society. Series A (General), 1971Clive W. J. Granger +2 more
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