The Empirical Linkages between Stock Prices of Swiss Firms and
Financial Ratios

D 2018

The Empirical Linkages between Stock Prices of Swiss Firms and Financial Ratios

LIGOCKÁ, Marie

Základní údaje

Originální název

The Empirical Linkages between Stock Prices of Swiss Firms and Financial Ratios

Autoři

LIGOCKÁ, Marie (203 Česká republika, garant, domácí)

Vydání

Karviná, Proceedings of 11th International Scientific Conference - Karviná Ph.D. Conference on Business And Economics, od s. 43-52, 10 s. 2018

Nakladatel

Silesian University

Další údaje

Jazyk

angličtina

Typ výsledku

Stať ve sborníku

Obor

50202 Applied Economics, Econometrics

Utajení

není předmětem státního či obchodního tajemství

Forma vydání

elektronická verze "online"

Odkazy

URL

Kód RIV

RIV/47813059:19520/18:00011169

Organizační jednotka

Obchodně podnikatelská fakulta v Karviné

ISBN

978-80-7510-322-2

Klíčová slova anglicky

Stock prices; Switzerland; Industry; Financial ratios; Cointegration

Změněno: 21. 11. 2019 15:05, RNDr. Daniel Jakubík

Anotace

V originále

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.

Citovat

LIGOCKÁ, Marie. The Empirical Linkages between Stock Prices of Swiss Firms and Financial Ratios. Online. In Proceedings of 11th International Scientific Conference - Karviná Ph.D. Conference on Business And Economics. Karviná: Silesian University, 2018, s. 43-52. ISBN 978-80-7510-322-2.

@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, s.~43-52. ISBN~978-80-7510-322-2.

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