Relationship Between Stock Prices and Microeconomic Variables: Evidence From Prague Stock Exchange

被引：0

作者：

Ligocka, Marie ^{[1
]}

Prazak, Tomas ^{[1
]}

机构：

[1] Dept Finance & Accounting, Karvina, Czech Republic

来源：

MANAGING AND MODELLING OF FINANCIAL RISKS, 8TH INTERNATIONAL SCIENTIFIC CONFERENCE, PTS I & II | 2016年

关键词：

Financial ratios; cointegration; stock prices; Prague Stock Exchange; MARKETS;

D O I：

暂无

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

The influencing variables of stock value can be devided into two basic categories, macroeconomic and microeconomic factors. This paper is oriented on selected part of microeconomic factors. The aim of paper is to investigate the existence of relationship between selected financial ratios and stock prices of companies on the Prague Stock Exchange. The sector for the analyse is manufacturing for the period from 2005 to 2015. To recognize the existence of short-time and long-time causality between variables are, used cointegration methods. It is expected to demonstrate relationship between debt equity ratios and stock prices.

引用

页码：506 / 513

页数：8

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