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, p. 43-52. ISBN 978-80-7510-322-2.
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Basic information
Original name The Empirical Linkages between Stock Prices of Swiss Firms and Financial Ratios
Authors LIGOCKÁ, Marie (203 Czech Republic, guarantor, belonging to the institution).
Edition Karviná, Proceedings of 11th International Scientific Conference - Karviná Ph.D. Conference on Business And Economics, p. 43-52, 10 pp. 2018.
Publisher Silesian University
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/47813059:19520/18:00011169
Organization unit School of Business Administration in Karvina
ISBN 978-80-7510-322-2
Keywords in English Stock prices; Switzerland; Industry; Financial ratios; Cointegration
Changed by Changed by: RNDr. Daniel Jakubík, učo 139797. Changed: 21/11/2019 15:05.
Abstract
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.
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