Real energy prices jumped by 80% from 1973 to 1974. At the same time, the market value of firms plunged by 40%. Is the energy crisis responsible for the dramatic decline in the stock market? Many economists, starting with Baily (1981), have concluded that higher energy prices resulted in the effective scrappage of a substantial fraction of the capital stock. The fall in the stock market reflect...

In times of exogenous systemic shocks, such as the COVID-19 pandemic, it is important to identify hedge or safe haven assets. Therefore, this paper analyzes changes in idiosyncratic risk Bitcoin a portfolio commodities and global stocks. For purpose, M-GARCH model employed considers interdependence among all assets by using time-varying asset pricing framework. This framework measures impact st...

MOST PEOPLE AGREE that stock prices sometimes behave in strange ways. Going beyond this simple observation typically proves more difficult. For at least the past quarter century, economists have been well aware that the variation of stock prices does not nicely match the familiar bell-shaped normal distribution.1 The problem is too many extreme movements. Very large increases or decreases would...

Department of Accounting, Faculty of Management Studies and Commerce, University of Jaffna, Jaffna, Sri Lanka. *Corresponding Author’s E-mail: [email protected]/ [email protected] Tel: +94-777-238-282(Mobile)/ +9421222-7519 (office) The purpose of this research is to provide empirical evidence concerning value relevance of accounting information such as Earning per Share (EPS), Net Asset...

The long-run risks model of asset prices explains stock price variation as a response to persistent ‡uctuations in the mean and volatility of consumption growth, by a representative agent with a high elasticity of intertemporal substitution. This paper documents that the model fails to …t aggregate asset prices in several important ways. The model implies that long-run consumption growth should...

This paper investigates the rank distribution, cumulative probability, and probability density of price returns for the stocks traded in the KSE and the KOSDAQ market. This research demonstrates that the rank distribution is consistent approximately with the Zipf’s law with exponent α = −1.00 (KSE) and −1.31 (KOSDAQ), similar to that of stock prices traded on the TSE. In addition, the cumulativ...

This study aims to determine the effect of Return On Assets (ROA), Debt Equity Ratio (DER) and Asset (DAR) on stock prices. With a population food beverage sub-sector manufacturing companies listed Indonesia Stock Exchange for 2016-2020 period. uses quantitative approach with descriptive verification method. The sample in this was determined by purposive sampling technique, so that met criteria...

This study aims to examine the effect of Return On Assets (ROA), Earning Per Share (EPS) and Price To Book Value (PBV) on stock prices. The research took samples LQ45 companies listed Indonesia Stock Exchange. sampling technique used purposive sampling. method is a sample selection based predetermined population characteristics. in this 32 Exchange 2016-2020. In using secondary data sources for...

Four tax reforms have been proposed in recent years: BradleyGephardt, Kemp-Kasten, Treasury I and Treasury II. These reforms seek to improve economic efficiency by taxing different capital assets and sources of income more equally. Each reform is purported to be revenueneutral from the perspective of the U.S. Treasury ,and distributionally neutral across households. While this alleged neutralit...