Detailed Information on Publication Record
2017
The Importance of Financial Ratios for Predicting Stock Price Trends: The Evidence from the Visegrad Group
PRAŽÁK, TomášBasic information
Original name
The Importance of Financial Ratios for Predicting Stock Price Trends: The Evidence from the Visegrad Group
Authors
PRAŽÁK, Tomáš (203 Czech Republic, guarantor, belonging to the institution)
Edition
Neuveden, 20th International Scientific Conference "Enterprise and Competitive Environment", p. 663-672, 10 pp. 2017
Publisher
Mendel University in Brno
Other information
Language
English
Type of outcome
Stať ve sborníku
Field of Study
50202 Applied Economics, Econometrics
Confidentiality degree
není předmětem státního či obchodního tajemství
Publication form
electronic version available online
RIV identification code
RIV/47813059:19520/17:00010955
Organization unit
School of Business Administration in Karvina
ISBN
978-80-7509-499-5
Keywords in English
microeconomic factors; financial ratios; stock prices; Visegrad; regression
Změněno: 7/2/2020 10:58, RNDr. Daniel Jakubík
Abstract
V originále
This study examines the effect of the main microeconomic factors on the stock prices of select financial sector companies listed on the Central European Exchanges (Budapest Stock Exchange, Prague Stock Exchange, Bratislava Stock Exchange, or Warsaw Stock Exchange). The microeconomic factors are based on the financial situation in companies. For the analysis are used financial ratios, gained from the financial statements of the individual companies. In general, the paper confirmed that rentability and debt ratios are the most important business factors from the prospective of its impact on stock prices. The relationship between observed variables is explored using panel regression analysis. The ordinary least squares method is used for constructing a regression model. The sample period of our dataset is composed of annual data from 2002 to 2015.