Add to ORKGShare prices of financial companies from the S&P 500 list have been modeled by a linear function of consumer price indices in the USA. The Johansen and Engle-Granger tests for cointegration both demonstrated the presence of an equilibrium long-term relation between observed and predicted time series. Econometrically, the pricing concept is valid. For several companies, share prices are defined only by CPI readings in the past. Therefore, our empirical pricing model is a deterministic one. For a few companies, including Lehman Brothers, AIG, Freddie Mac and Fannie Mae, negative share prices could be foreseen in May-September 2008. One might interpret the negative share prices as a sign of approaching bankruptcies
Most research on stock prices is based on the present value model or the more general consumption-ba...
This thesis consists of three empirical studies on asset-prices in international financial markets. ...
We present an overview of corporate-finance models where firms are subject to exogenous market frict...
Historical share prices of selected S&P 500 companies have been accurately approximated by linear fu...
Approximately two years ago we presented results of price modeling and extensive statistical analysi...
Historical share prices of selected S&P 500 companies have been accurately approximated by linea...
Empirical evidence shows that the Capital Asset Pricing Model (CAPM) is misspecified. Securities of ...
The aim of the project was to design a multiple linear regression model and use it to predict the sh...
The success of an investor especially in a stock market hinges much on the choice of decision made w...
The thesis will have two main parts. First, let us start with an example. In finance, the standard v...
Option prices contain forward looking information about stock price volatility and, potentially, the...
Financial theory models typically relate stock prices with inflationary shocks that emanates from an...
We examine the impact of the financial crisis on the stock market valuation of large and systemic U....
In finance, multiple linear regression models are frequently used to determine the value of an asset...
Most research on stock prices is based on the present value model or the more general consumption-ba...
Most research on stock prices is based on the present value model or the more general consumption-ba...
This thesis consists of three empirical studies on asset-prices in international financial markets. ...
We present an overview of corporate-finance models where firms are subject to exogenous market frict...
Historical share prices of selected S&P 500 companies have been accurately approximated by linear fu...
Approximately two years ago we presented results of price modeling and extensive statistical analysi...
Historical share prices of selected S&P 500 companies have been accurately approximated by linea...
Empirical evidence shows that the Capital Asset Pricing Model (CAPM) is misspecified. Securities of ...
The aim of the project was to design a multiple linear regression model and use it to predict the sh...
The success of an investor especially in a stock market hinges much on the choice of decision made w...
The thesis will have two main parts. First, let us start with an example. In finance, the standard v...
Option prices contain forward looking information about stock price volatility and, potentially, the...
Financial theory models typically relate stock prices with inflationary shocks that emanates from an...
We examine the impact of the financial crisis on the stock market valuation of large and systemic U....
In finance, multiple linear regression models are frequently used to determine the value of an asset...
Most research on stock prices is based on the present value model or the more general consumption-ba...
Most research on stock prices is based on the present value model or the more general consumption-ba...
This thesis consists of three empirical studies on asset-prices in international financial markets. ...
We present an overview of corporate-finance models where firms are subject to exogenous market frict...