Can Financial Ratios Influence the Stock Returns of Financial Sector Companies in Austria?

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F47813059%3A19520%2F17%3A00010962" target="_blank" >RIV/47813059:19520/17:00010962 - isvavai.cz</a>
Result on the web
<a href="http://ufu.utb.cz/konference/sbornik2017.pdf" target="_blank" >http://ufu.utb.cz/konference/sbornik2017.pdf</a>
DOI - Digital Object Identifier
—

Result language
angličtina
Original language name
Can Financial Ratios Influence the Stock Returns of Financial Sector Companies in Austria?
Original language description
The stock prices of companies are influenced by many variables; two basic categories are macroeconomic and microeconomic factors. The objective of this paper is to analyze the existence of a relationship between select microeconomic variables and the stock returns of financial sector companies listed on the Vienna Stock Exchange. The institutions that were chosen are Immofinanz AG, Raiffeisen Bank International AG, Erste Group Bank AG, Uniqa Insurance Group AG and Vienna Insurance Group AG. The focus is on Austria due to the lack of empirical literature on problematics of linkages between stock prices and microeconomic factors. A time series with an annual frequency are used to examine the occurrence of longterm and short-term cointegration links using Johansen and Granger tests. The empirical estimates are calculated for the 2005 - 2015 period, which includes the global financial crisis. The findings indicate that select microeconomic factors do not belong to the group of economic fun damentals that affect the stock returns.
Czech name
—
Czech description
—

Publication year
2017
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Proceedings of the 8th International Scientific Conference
ISBN
9788074546532
ISSN
—
e-ISSN
—
Number of pages
10
Pages from-to
582-591
Publisher name
Tomas Bata University
Place of publication
Zlín
Event location
Zlín
Event date
Apr 26, 2017
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
—

Similar results(10)