Detailed Information on Publication Record

LIGOCKÁ, Marie. The Effect of Financial Ratios on the Stock Prices: Evidence from the GPW. Online. In Recenzovaný sborník příspěvků z 5. ročníku konference doktorandů na Vysoké škole finanční a správní (2018). Praha: nakladatelství Vysoké školy finanční a správní, a.s., 2018, p. 106-115. ISBN 978-80-7408-182-8.

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Basic information
Original name	The Effect of Financial Ratios on the Stock Prices: Evidence from the GPW
Authors	LIGOCKÁ, Marie (203 Czech Republic, guarantor, belonging to the institution).
Edition	Praha, Recenzovaný sborník příspěvků z 5. ročníku konference doktorandů na Vysoké škole finanční a správní (2018), p. 106-115, 10 pp. 2018.
Publisher	nakladatelství Vysoké školy finanční a správní, a.s.

Other information
Original language	English
Type of outcome	Proceedings paper
Field of Study	50202 Applied Economics, Econometrics
Confidentiality degree	is not subject to a state or trade secret
Publication form	electronic version available online
WWW	URL
RIV identification code	RIV/47813059:19520/18:00011084
Organization unit	School of Business Administration in Karvina
ISBN	978-80-7408-182-8
Keywords in English	Financial ratios; cointegration; Poland; industry; stock exchange
Changed by	Changed by: RNDr. Daniel Jakubík, učo 139797. Changed: 21/11/2019 15:04.

Abstract
Stock prices can be influenced by many factors; the macroeconomic factors, industrial specifics and company characteristics are three main cathegories. The object of this paper is to analyze relationship between the food, energy, metallurgical and chemical companies listed on the GPW over the 2006 - 2015 period. The Johansen cointegration test and the Vector Error Correction Model (VECM) are used to examine long-term and short-term relationship links. The findings indicate the prevailing impact of rentability to the selected stock prices of companies listed on the GPW.

Abstract

Stock prices can be influenced by many factors; the macroeconomic factors, industrial specifics and company characteristics are three main cathegories. The object of this paper is to analyze relationship between the food, energy, metallurgical and chemical companies listed on the GPW over the 2006 - 2015 period. The Johansen cointegration test and the Vector Error Correction Model (VECM) are used to examine long-term and short-term relationship links. The findings indicate the prevailing impact of rentability to the selected stock prices of companies listed on the GPW.