Abstract this paper investigates the macroeconomic determinants of stock market prices in namibia the investigation was conducted using a vecm econometric methodology and revealed that namibian stock market prices are chiefly determined by economic activity, interest rates, in- flation, money. Figure 21: modelling the impact of interest rate and exchange rate changes on uk stock returns 39 figure 22: macroeconomic variables and stock market interactions: new zealand evidence 41 figure 23: framework of determinants of stock prices in singapore 42 figure 31: flow chart of data. Different methodologies have been used to study the interdependence across stock mar- kets cointegration allows for the identification of a long-run relationship between equity markets kasa (1992) shows that international stock prices are cointegrated bessler and yang (2003) find a long-run relationship across nine. 150 micro and macroeconomic determinants of stock prices: the case of turkish banking sector husam rjoub1 irfan civcir2 nil gunsel resatoglu3 abstract this paper investigates the relationship between turkish banks stock prices and a set of micro and macro variables the study. The paper is about determinants of stock price: a case study on dhaka stock exchange the objective of this study is to analyze the factors influence in determining the share price of some companies listed in dse the study also analyze the influence of liquidity, leverage, profitability, growth, size of the firm and dividend. Download citation | what drives stock pr | 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 ret.
Determinants of stock market performance in nepal 31 were positively related with stock prices (kse-100 index) while the interest rate was negatively related as found by khan (2014) yusof and majid (2007) found a significant direct impact of us federal fund rate on the malaysian stock market, reflecting the impact. Determinants of stock prices in the capital market by jimoh ezekiel oseni phd student in business and applied economics (finance option) department of banking and finance faculty of management sciences olabisi onabanjo university, ago-iwoye, nigeria abstract brav & heaton ( 2003). Abstract most studies conducted on the determinants of stock price movements in nigeria have been done on theoretical basis with no quantitative empirical evidence to support their postulations consequently, this study examined the macroeconomic determinants of stock price movements in nigeria using detailed. ─abstract ─ knowing about stimulus of stock indices is a key for the future projection of stocks performance and in turn provide base for making and suggesting appropriate economic policies the main objective of the study is to find different determinants of share prices and the relationship of these determinants with the.
The industry displays ever arising new technologies, unstable market shares, long-term swings, and short-term volatility of stock prices yet, to study those phenomena empirically one is constrained by a lack of data the us auto industry, for which long-term time series are available, has shared a similar experience since. Abstract this study aimed to test the effect of macroeconomic factors on the movements of stock prices of jordanian industrial companies listed in amman stock exchange (ase) in order to provide empirical evidence about the determinants of the movements of stock prices to achieve this objective, all the.
Abstract: equity investments offer considerable returns to investors and is considered to be a major source of capital for most large firms however, these returns are subject to movement in share prices this study investigate the determinants of share prices using fourteen companies listed on the johannesburg stock. Analysis of the determinants of stock price volatility at nairobi securities exchange nancy nyaguthii waweru d61/75501 /2012 a research project report submitted in partial fulfillment of the requirements for the award of the degree. Have you ever wondered about what factors affect a stock's price stock prices are determined in the marketplace, where seller supply meets buyer demand but , unfortunately, there is no clean equation that tells us exactly how a stock price will behave that said, we do know a few things about the forces. Stock price volatility and its determinants on the emerging financial market of ukraine by iryna pryymachenko a thesis submitted in partial fulfilment of the requirements for the degree of master of arts in economics national university of “kyiv-mohyla academy” economics education and.
Downloadable stock investment is always a risky proposition and investors are reluctant to invest in stock market if they came to know about the exact factors influencing the stock prices, they will invest in stocks confidently this study examines the empirical relationship between the stock prices, financial fundamentals. The determinants of stock price changes: an industry study m mazzucato and w semmler abstract the currently ongoing it-revolution is a great challenge for economists the industry displays ever arising new technologies, unstable markets shares, long term swings and short term volatility of stock prices.
Abstract—a number of studies have been undertaken to identify the factors influencing stock prices in different stock markets the extant literature available strongly supports the movement of stock price as a consequence of firm specific factors such as dividend, book value, earnings etc the present study is undertaken.
Of the condition and development of the economy strongly influencing and preceding it also these authors consider the money supply to be a strong determinant of the stock market, ie of the entire economy money supply can affect stock prices directly, when there is more money in the economy than can. We examine, in a controlled experimental setting, whether changes in investor mood cause changes in the determinants of stock prices our results show that a deterioration in mood, reflected in the negative dimensions of mood state, increases the level of risk aversion in male, but not female, investors we find no evidence. 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 the data cannot distinguish between these very different decompositions because movements in the price-dividend ratio are very persistent. This paper investigates the macroeconomic determinants of stock market prices in namibia the investigation was conducted using a vecm econometric methodology and revealed that namibian stock market prices are chiefly determined by economic activity, interest rates, inflation, money supply and.