The Empirical Linkages between Stock Prices of Swiss Firms and Financial Ratios
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F47813059%3A19520%2F18%3A00011169" target="_blank" >RIV/47813059:19520/18:00011169 - isvavai.cz</a>
Result on the web
<a href="http://www.kpcbe.cz/images/SBORNIK_2018/SBORN%C3%8DK_final_190124.pdf" target="_blank" >http://www.kpcbe.cz/images/SBORNIK_2018/SBORN%C3%8DK_final_190124.pdf</a>
DOI - Digital Object Identifier
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Alternative languages
Result language
angličtina
Original language name
The Empirical Linkages between Stock Prices of Swiss Firms and Financial Ratios
Original language description
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.
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
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OECD FORD branch
50202 - Applied Economics, Econometrics
Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach
Others
Publication year
2018
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
Proceedings of 11th International Scientific Conference - Karviná Ph.D. Conference on Business And Economics
ISBN
978-80-7510-322-2
ISSN
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e-ISSN
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Number of pages
10
Pages from-to
43-52
Publisher name
Silesian University
Place of publication
Karviná
Event location
Karviná
Event date
Nov 7, 2018
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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