LIGOCKÁ, Marie and Daniel STAVÁREK. The Relationship between Financial Ratios and Stock Prices of Selected European Food Companies listed on Stock Exchanges. Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis. 2019, vol. 2019, No 1, p. 299-307. ISSN 1211-8516.
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Basic information
Original name The Relationship between Financial Ratios and Stock Prices of Selected European Food Companies listed on Stock Exchanges
Authors LIGOCKÁ, Marie (203 Czech Republic, guarantor, belonging to the institution) and Daniel STAVÁREK (203 Czech Republic, belonging to the institution).
Edition Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, 2019, 1211-8516.
Other information
Original language English
Type of outcome Article in a journal
Field of Study 50202 Applied Economics, Econometrics
Country of publisher Czech Republic
Confidentiality degree is not subject to a state or trade secret
WWW URL
RIV identification code RIV/47813059:19520/19:A0000078
Organization unit School of Business Administration in Karvina
Keywords in English Financial ratios; food industry; companies; Europe; stock price; GMM
Changed by Changed by: Ing. Petra Skoumalová, učo 50554. Changed: 22/4/2020 13:37.
Abstract
Stock prices can be influenced by many factors. It is possible to determine two categories of variables that can affect stock prices: macroeconomic and microeconomic variables. The paper is focused on microeconomic factors, specially financial ratios that reflect business activities of the companies. According to the study of Drummen and Zimmermann (1992) the individual characteristics of companies affect up to 50 % of stock prices. The object of this paper is to examine the relationship between selected financial ratios and the stock prices of food companies listed on selected European Stock Exchanges. Time series on annual frequency are used to examine the relationship between stock prices of selected companies and financial ratios with using the Generalized Method of Moments (GMM). Based on previous research we expect to find some linkages especially between stock prices and the profitability ratios.
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