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@inproceedings{32043, author = {Ligocká, Marie}, address = {Karviná}, booktitle = {Proceedings of 11th International Scientific Conference - Karviná Ph.D. Conference on Business And Economics}, keywords = {Stock prices; Switzerland; Industry; Financial ratios; Cointegration}, howpublished = {elektronická verze "online"}, language = {eng}, location = {Karviná}, isbn = {978-80-7510-322-2}, pages = {43-52}, publisher = {Silesian University}, title = {The Empirical Linkages between Stock Prices of Swiss Firms and Financial Ratios}, url = {http://www.kpcbe.cz/images/SBORNIK_2018/SBORN%C3%8DK_final_190124.pdf}, year = {2018} }
TY - JOUR ID - 32043 AU - Ligocká, Marie PY - 2018 TI - The Empirical Linkages between Stock Prices of Swiss Firms and Financial Ratios PB - Silesian University CY - Karviná SN - 9788075103222 KW - Stock prices KW - Switzerland KW - Industry KW - Financial ratios KW - Cointegration UR - http://www.kpcbe.cz/images/SBORNIK_2018/SBORN%C3%8DK_final_190124.pdf N2 - Investors evaluate the situation of companies based on available information and this is reflected in stock prices. The factors that can influence the stock prices can be defined as macroeconomic variables, industry factors and individual company characteristics. Each of these factors could affect stock prices; this study is focused on the financial ratios reflected business activity of companies. The object of the paper is to examine the relationship between selected financial ratios and the stock prices of energy, metallurgical and chemical companies listed on the SIX Swiss Exchange over the 2009 - 2017 period. The Johansen cointegration test is used to examine the long-run equilibrium relationship between the stock prices and selected variables. According to the theory there is expected positive impact of the ROA, the ROE and the DR on stock prices of selected companies, and negative influence of the ER on stock prices of analysed Swiss companies. ER -
LIGOCKÁ, Marie. The Empirical Linkages between Stock Prices of Swiss Firms and Financial Ratios. Online. In \textit{Proceedings of 11th International Scientific Conference - Karviná Ph.D. Conference on Business And Economics}. Karviná: Silesian University, 2018, p.~43-52. ISBN~978-80-7510-322-2.
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