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1

Karambakuwa, Roseline Tapuwa, and Ronney Ncwadi. "The Impact of United States of America-China Trade War on Market Capitalization of Emerging Economies." Global Trade and Customs Journal 15, Issue 11/12 (November 1, 2020): 508–24. http://dx.doi.org/10.54648/gtcj2020090.

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This article evaluates the impact of United States of America (USA)–China trade war on market capitalization of emerging economies. A major determinant of growth in emerging economies is market capitalization, which is the share price times the number of shares outstanding for listed domestic companies. Empirical literature suggests that the development of stock market hence market capitalization is affected by macroeconomic variables such as interest rate, exchange rate, gross domestic product, current account and money supply. Using a panel vector error correction model with USA tariffs as a proxy for trade war, this article proves that USA–China trade war has a negative impact on market capitalization of the emerging markets. Interest rates, exchange rates and trade balance have a positive impact on market capitalization of emerging markets. This article recommends that emerging economies manage interest rates, exchange rates and trade balances in order to offset the negative impact of the USA–China trade war.
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2

D'Amato, Maurizio, and Giuseppe Cucuzza. "Cyclical capitalization: basic models." Aestimum 80 (July 13, 2022): 45–54. http://dx.doi.org/10.36253/aestim-12625.

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The relevance of market cycles is known in the financial markets and in the context of real estate valuations it manifests itself in the estimate of the “exit value” of the Discounted Cash Flow Analysis. The hypothesis that the market cycle has a behaviour very similar to what happened in the past introduces some risks and uncertainty in the estimated value. To allow a more extensive use of cyclical capitalization in formulating value judgments, this paper proposes two methodological adaptations to the original model: the first, based on the presence of a regular market trend; the second based on the hypothesis of irregular market cycles and therefore more representative of the dynamics to which a specific real estate segment is exposed. In the perspective of a more extensive availability of information, data and extra-data, other application areas are also identified on which further investigations need to be developed.
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3

Lai Cao Mai, Phuong. "Corruption and stock market development in EAP countries." Investment Management and Financial Innovations 17, no. 2 (July 1, 2020): 266–76. http://dx.doi.org/10.21511/imfi.17(2).2020.21.

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Using macroeconomic factors as control variables, this paper examines the impact of corruption on the development of the stock market in East Asia and the Pacific (EAP) from 2008 to 2018. The research model uses GMM techniques to estimate panel data on two sub-sets of data, including five developed markets and seven emerging markets, and a dataset of both market groups. The market capitalization and the stock transaction value relative to GDP represent the development of the stock market, and the corruption control index represents the corruption factor. The empirical results found that corruption has a positive impact on the EAP stock market capitalization with the entire sample data set, which positively affects both size of the market capitalization value and value of stock transactions in underdeveloped markets. However, it is not statistically significant in explaining the development of developed stock markets. Besides, macroeconomic factors such as inflation, interest rates, savings, and credit affect some stock markets at EAP. Compared to previous studies, the article’s results found that corruption affects stock market capitalization and has a positive impact on stock liquidity in underdeveloped stock markets. Corruption affects more underdeveloped stock markets than developed stock markets. This may be due to the implicit relationship of economic benefits between large enterprises and officials in underdeveloped markets.
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Sultana, Nasreen, and Afroja Akter. "Market Capitalization- Sustainability Practices Measurement of Private Commercial Banks of Bangladesh." American Journal of Trade and Policy 4, no. 2 (August 31, 2017): 65–72. http://dx.doi.org/10.18034/ajtp.v4i2.418.

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The study investigates the sustainability practices of the private commercial banks of Bangladesh to consider these as measurement of the market capitalization of the same. In the research 30, private commercial banks have been taken into consideration where it is found that market capitalization is not wholly dependent on the issue of sustainability and there is no long run relationship between market capitalization and sustainability issues which could have an impact on the market capitalization or any direction of the market capitalization. Rather Granger Causality result shows that market capitalization could have an impact on the sustainability issues of the banks. The inclusion of some other explanatory variables in the model could deduce a better conclusion.
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Lee, Sang, Matthew Alford, John Cresson, and Lara Gardner. "The Effects of Information Communication Technology on Stock Market Capitalization: A Panel Data Analysis." Business and Economic Research 7, no. 1 (May 8, 2017): 261. http://dx.doi.org/10.5296/ber.v7i1.10936.

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The level of investment in information communication technologies (ICT) that may affect stock market capitalization varies substantially across countries. Using data on 81 countries from 1998 to 2014, we use a country-fixed effects model to estimate the relationship between ICTs and stock market capitalization. Our empirical model is built on the premise that (1) increased deployment of ICT allows financial market participants to make more informed decisions at reduced inherent risks associated with deficient information or uncertainty in financial markets; and (2) increased access to and use of information communication technologies is expected to improve a country's economic fundamentals. The empirical results support our hypothesis that ICT expansions are positively associated with stock market capitalization.
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6

Rahayu, Heffi Christya, Etty Puji Lestari, and Tri R. Kuniawati. "The Effect of Book Value, Debt to Equity Ratio, Roa, Interest Rate and Exchange Rate at Jakarta Islamic Index (JII)." El-Qish: Journal of Islamic Economics 1, no. 1 (August 16, 2021): 25–40. http://dx.doi.org/10.33830/elqish.v1i1.1570.2021.

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The Jakarta Islamic Index (JII) consists of 30 companies whose liquid assets have large capitalization compared to other companies. JII then becomes a measure of performance in choosing a halal stock portfolio. This study aims to determine the factors that affect the company's stock price in JII. This research uses quantitative methods with the study applied is panel data regression analysis method. The data used in this study is secondary data obtained from Bank Indonesia, the Financial Services Authority, the Indonesia Stock Exchange, and other literature. Secondary data or qualitative data used is panel data from 30 companies in JII. Findings. This research shows that Book Value, Debt Equity Ratio, Return on Assets (ROA), Interest Rate, and Exchange Rate simultaneously significantly affect the Stock Price. JII consists of 30 companies whose liquid assets have large capitalizations compared to other companies. Market capitalization is an indicator of stock development, if there is a decline in stock prices, the market capitalization will decrease.
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7

Varamini, Hossein, and Svetlana Kalash. "Testing Market Efficiency for Different Market Capitalization Funds." American Journal of Business 23, no. 2 (October 28, 2008): 17–28. http://dx.doi.org/10.1108/19355181200800006.

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8

Omodero, Cordelia Onyinyechi. "Capital Market Determinants and Market Capitalization in Nigeria." International Journal of Financial Research 11, no. 1 (October 10, 2019): 462. http://dx.doi.org/10.5430/ijfr.v11n1p462.

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Capital market plays a crucial role in a country’s national development and economic capacity building. However, there are economic forces that determine the success of a capital market development in every nation. This study investigates the role of these economic indicators in determining the capital market performance in Nigeria using secondary data covering a period from 1998 to 2018. These data have been sourced from the World Bank Development Indicators, International Monetary Fund and CBN Statistical Bulletin, 2018 edition. The results from the regression analysis indicate that exchange rate and inflation rate have immaterial undesirable consequence on capital market capitalization (CMC) while the interest rate exerts a weighty harmful effect on CMC. The study also provides evidence that the gross domestic product (GDP) has a substantial positive impact on CMC. The study among others suggests that the growth of the economy should be sustained in order to keep boosting the capital market. However, the economic indicators such as inflation, interest rate and exchange rate should be kept under strict control by the relevant authorities in the country.
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9

Soenjoto, Wening Purbatin Palupi, and Septiyan Hudan Fuadi. "Kapitalisasi Isu Syariah Terhadap Pergerakan Ekonomi Di Pasar Nasional Dan Global." Journal of Sharia Economics 2, no. 1 (June 5, 2020): 16–28. http://dx.doi.org/10.35896/jse.v2i1.85.

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This study aims to determine the effect of the capitalization of sharia issues on economic movements in national and global markets and try to answer the problem formulation, namely: first, it can describe capitalization of sharia issues that are starting to develop in sharia economic movements in national and global markets. Second: can describe the process of negotiation (interaction) carried out by producers who use sharia issues in trade. Third: can find the implications of the meaning of the results of research and solutions that can add studies related to sharia issues in the economy in national and global markets so that it can be further investigated by subsequent researchers. The method used in this study is a qualitative method with descriptive analysis. Research subjects are informants who provide research data through interviews, surveys and documentation with triangulation data processing techniques to obtain valid research results. Based on the results of the study, it was concluded that the capitalization of sharia issues could affect national and global market movements Keywords: Capitalization, Sharia Issues, Sharia Economy, National Market, Global Market
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10

Ewubare, Dennis Brown, Evans Samuel Chukwu, and Christopher Ifeanyi Ezekwe. "Exploring the Role of Exchange Rate in Driving Market Capitalization in Nigeria." Saudi Journal of Economics and Finance 6, no. 6 (June 24, 2022): 200–207. http://dx.doi.org/10.36348/sjef.2022.v06i06.002.

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The centrality of exchange rate in stock market performance cannot be over-emphasized. Thus, this study examined the dynamic effects of exchange rate on market capitalization in Nigeria. The specific objectives are to examine the effects of nominal exchange rate, real effective exchange rate, real interest rate and inflation rate on market capitalization using time series data which were obtained from the WDI and World Federation Exchanges Database between 1993 and 2020. Unit root test, cointegration test, ARDL estimation method, Granger causality tests were applied to analyze the data. The unit root test results showed that only market capitalization is stationary at levels whereas the other variables become stationary at first difference. The bounds cointegration test result revealed that market capitalization has long run relationship with the explanatory variables. The results revealed that real effective exchange rate impacted positively on the market capitalization. This implies that increase in real exchange rate (depreciation of the naira) creates opportunity for increase in the capital market size. The results further revealed that nominal exchange rate has an insignificant positive effect on market capitalization in the short run and long run. This could be linked to the inconsistency that characterizes the official exchange rate policy in Nigeria. It was also found that real interest rate has significant negative effect on market capitalization in the long run. At the same time, inflation rate negatively affected market capitalization. The Granger causality test results showed that a unidirectional causality runs from real interest rate and market capitalization. Given the findings, this study recommends that policymakers should ensure that the exchange rate management prioritizes a realistic and stable exchange rate to boost global competitiveness and improve market capitalization.
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11

Pronko, Lyudmila, Tatyana Kolesnik, and Oksana Samborska. "Essence and Concept of Capitalization of Enterprises its Types and Methods of Evaluation." European Journal of Sustainable Development 10, no. 1 (February 1, 2021): 551. http://dx.doi.org/10.14207/ejsd.2021.v10n1p551.

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The historical aspect of the development of scientists' views on the company's capitalization is studied in the work, the stages of development of the concept of cost-oriented management are determined. The role and place of market capitalization in the system of indicators of cost-oriented management are determined, modern methodical approaches to the assessment of the value of the enterprise taking into account the indicator of market capitalization are given. The fundamental differences between the areas of application of indicators of market value of the enterprise and market capitalization are established. The current problems of the Ukrainian economy that limit the widespread use of market capitalization in the valuation of companies are outlined, and proposals are made on the feasibility of valuing Ukrainian companies in terms of real capitalization. The importance of enterprise capitalization in the development of a market economy is emphasized. The evolution of the views of foreign scientists on the capitalization of enterprises has been studied. It is established that the economic essence of the capitalization of enterprises, as well as any asset, is the present value of future income generated by this asset. Bringing future income to the present is a process of discounting. The theory of capitalization of the company in its modern context began to be formed by neoclassical economists from the end of the XIX century. and gained popularity in the second part XX century. The theory of capitalization has given impetus to well-known neoclassical theories of corporate finance, such as the irrelevance theorem, risk theory, investment portfolio optimization theory, arbitrage pricing theory, and so on. It is established that according to the theory of capitalization, the capitalization of the enterprise and the market value of the enterprise are identical concepts, although the methods of their calculation differ. The theory of capitalization has given impetus to the development of many modern financial theories, which are currently under development and improvement.
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12

Cai, Huan, Meining Wang, and Chaonan Bai. "An Empirical Study of Investors’ Disposition Effect in China Based on Open Data from the Chinese Stock Markets." International Journal of Economics and Finance 10, no. 5 (April 13, 2018): 165. http://dx.doi.org/10.5539/ijef.v10n5p165.

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This paper focuses on investors’ different behavioral biases in China’s segmented stock markets and investigates the correlation between average holding periods, stock returns and investors’ disposition effect between 2010 and 2014. The results show that the disposition effect is prevalent in A-share market but is very weak in Growth Enterprise market and there is a lack of evidence to support the existence of disposition effect in B-share market. The study supports the view that investors’ experience and sophistication can partly help reduce investors’ behavioral biases in stock markets. It also indicates that investors in A-shares market prefer to hold stocks with larger market capitalization for longer periods, while investors of B-shares markets and Growth Enterprise market do not reveal a specific preference for market capitalization.
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13

Kayadi, Biradawa, Opara Confidence Chinwe, and Umoh Unyime Emmanuel. "Impact of Economic Recovery on Market Capitalization in Nigeria." Middle East Research Journal of Economics and Management 1, no. 1 (December 25, 2021): 1–7. http://dx.doi.org/10.36348/merjem.2021.v01i01.001.

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The study examined the impact of economic recovery on market capitalization in Nigeria. The specific objectives of the study include: to examine the effect of Gross Domestic Product (GDP) growth rate on market capitalization, to determine the influence of Inflation rate on market capitalization and to assess the impact of Exchange rate on market capitalization. To achieve the objective of the study, ex-post facto research design was adopted. The researcher used secondary data in collating the required data. The data were collected from CBN statistical bulletin. In testing the hypotheses, multiple regression analysis was used. The findings revealed that GDP growth rate has positive impact on market capitalization while inflation rate and exchange rate have negative impact on market capitalization. The study recommends that Nigeria government should devise a means of increasing gross domestic product growth rate through effective utilization of their revenue allocation and expending. The study also recommends that during economic recovery, Nigeria government should ensure that their inflation rate is reduced. Inflation being the major economic factor that can be hampered by economic recession can reduce market capitalization in Nigeria.
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14

Bhowmik, Dr Debesh. "Crypto-Currency: Trends and Determinants." Saudi Journal of Economics and Finance 6, no. 2 (February 3, 2022): 37–50. http://dx.doi.org/10.36348/sjef.2022.v06i02.001.

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In this paper, author analyses the role of cryptocurrencies in the economy and showed the trends of prices of Bitcoin and Ethereum in terms of US$ during 2017m1-2021m12 and also showed the trends of the market capitalization of Bitcoin during 2017m1-2021m12. All the trendlines are non-linear with cyclical behavior. Traditional regression model revealed that the market capitalization of Bitcoin is positively related with prices of Bitcoin and inflation rate and negatively related with price of Ethereum significantly from 2019m1 to 2021m12. Cointegration and VEC model suggested that the market capitalization of Bitcoin has long run causality with the prices of Bitcoin and Ethereum and inflation rate but the cointegrating equation has been proved diverging away from equilibrium. Bitcoin price and market capitalization have bi-directional short run causality and the price of Ethereum has short run causality to market capitalization of Bitcoin during the specified period. The volatility of market capitalization of Bitcoin showed a non-stationary process.
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15

Putra, Safwira Guna. "CAPITALIZATION RATE ON RESIDENTIAL SECTOR IN MATARAM." IQTISHADUNA 12, no. 2 (December 19, 2021): 250–63. http://dx.doi.org/10.20414/iqtishaduna.v12i2.4327.

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The capitalization rate is an important factor and must be presented in order to valuing a property applying income approach and direct capitalization method. This paper attempt to measure the capitalization rate on residential sector in district of Mataram through the overall capitalization rate theory developed by the International Association of Assessment Officers. Measurements of central tendency and dispersion were conducted to find out early indications related to the characteristics and tendencies of the capitalization rate. In addition, regressivity and progressivity test was conducted through simple regression analysis and Spearman rank test correlation to determine the lease pattern. Utilizing purposive sampling as many as 70 samples were divided proportionally according to number of sub-district. This research showed that average capitalization rate in district is 4.39%, while average capitalization rate for each sub-district varied widely from 3.7% to 5.31%. Individually, the highest capitalization rate is 6.15% and the lowest is 3.33%. Higher capitalization rate indicated higher percentage return than lower capitalization rate. Regression and correlation analysis showed that capitalization rate tends to regressive against market price or there is a regressive relationship between capitalization rate and market price. The interesting result of this paper is a property with higher market price has lower percentage return than a property with lower market price, and vice versa.
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Ajayi, E. O., and F. E. Araoye. "Stock Market Developmentand Economic Growth in Nigeria." International Journal of Accounting and Financial Reporting 9, no. 2 (April 15, 2019): 232. http://dx.doi.org/10.5296/ijafr.v9i2.11676.

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This paper empirically analyzed the effect of the Nigerian Stock market capitalization on the nation’s economic growth from 1985 to 2010. The economic growth was proxy by the GDP while the stock market variable considered included; market capitalization and market turnover ratio as independent variables as proxy for stock market development in terms of size and liquidity. The paper establishes a unidirectional causality that runs from economic growth to stock market. The result shows that economic growth influences stock market capitalization while stock market capitalization does not influence economic growth. The result indicates that economic growth catalyses stock market in Nigeria. The government is therefore advised to put up measures to stem up investors’ confidence and activities in the market so that it could contribute significantly to the Nigerian economic growth.
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Dammak, Saida. "Human capital disclosure and market capitalization." Corporate Ownership and Control 13, no. 1 (2015): 502–13. http://dx.doi.org/10.22495/cocv13i1c4p8.

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The voluntary disclosure of the intellectual capital occupies an increasingly important place. Thus, it is important to analyze the structure of the information offered on the intellectual capital to understand its management. The author wants to reveal the growing importance of the human capital in increasing the company’s wealth and the impact of the voluntary disclosure on market value. These objectives are completed by the use of quantitative and qualitative methodologies. The results show that the investors have exploited the information that reflects the capacity of knowledge and the experience of the management team to generate future profits.
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18

Madden, Gerald P., Kenneth P. Nunn, and Alan Wiemann. "Mutual Fund Performance and Market Capitalization." Financial Analysts Journal 42, no. 4 (July 1986): 67–70. http://dx.doi.org/10.2469/faj.v42.n4.67.

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19

Park, Hyeon Seok. "Partisan Politics and Stock Market Capitalization." Journal of Research Methodology 1, no. 1 (March 31, 2016): 1. http://dx.doi.org/10.21487/jrm.2016.05.1.1.1.

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20

Abdolmohammadi, Mohammad J. "Intellectual capital disclosure and market capitalization." Journal of Intellectual Capital 6, no. 3 (September 2005): 397–416. http://dx.doi.org/10.1108/14691930510611139.

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21

Osadchii, N. "Russian Stock Market: Capitalization, Composition, Dynamics." World Economy and International Relations, no. 12 (2007): 35–44. http://dx.doi.org/10.20542/0131-2227-2007-12-35-44.

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22

HUGHES, JOHN S., and WILLIAM E. RICKS. "Market reactions to mandated interest capitalization." Contemporary Accounting Research 2, no. 2 (March 1986): 222–41. http://dx.doi.org/10.1111/j.1911-3846.1986.tb00615.x.

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23

Laquatra, Joseph. "Housing market capitalization of thermal integrity." Energy Economics 8, no. 3 (July 1986): 134–38. http://dx.doi.org/10.1016/0140-9883(86)90011-3.

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24

Dias, Alexandra. "Market capitalization and Value-at-Risk." Journal of Banking & Finance 37, no. 12 (December 2013): 5248–60. http://dx.doi.org/10.1016/j.jbankfin.2013.04.015.

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25

Blikhar, Mariia, Mariia Vinichuk, Olga Patsula, and Nataliia Shevchenko. "Methods of Assessing the Level of Market Capitalization of Joint-Stock Companies: Economic and Managerial Aspect." Economics. Ecology. Socium 6, no. 4 (December 31, 2022): 65–76. http://dx.doi.org/10.31520/2616-7107/2022.6.4-6.

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Introduction. Effective assessment of the market capitalization of public joint-stock companies is an important strategic aspect that determines the level of corporate governance, competitiveness of manufactured goods or services, investment attractiveness, publicity, and transparency of the company in the stock market. In this regard, there is a need to study the advantages of various methods of market capitalization assessment, which will ensure not only the determination of the effectiveness of the corporate and financial activities of domestic joint-stock companies but also the investment value at the state level, ensuring the strategic necessity of satisfying social needs. Aim and tasks. It consists in researching current methods of assessing the market capitalization of public joint-stock companies and proposing new ones for the purpose of a more comprehensive analysis of the company's activity at the stock market. Results. The peculiarity of legal management and regulation of the market capitalization of Ukrainian public joint-stock companies is determined; the methods of assessing the market capitalization of joint-stock companies and the goals set by the entities that apply it in the evaluation are distinguished, namely: the method of the current market value of a public joint-stock company, the method of the average market value of a joint-stock company and the method of the maximum market capitalization of a joint-stock company. Ensuring the legality of market capitalization assessment, was carried out. A factor method of market capitalization assessment and a comparative method have been developed for the purpose of a more thorough assessment. It consists in presenting the author's approach to assessing the level of market capitalization through the use of comparative and factor approaches, which include not only an assessment of the market position of a joint-stock company at the stock market, but also individual balance indicators at the beginning of various reporting periods, establishing transparency and competitiveness. Conclusions. The proposed research results will be useful for a comprehensive assessment of not only the financial, stock and marketing strategy of a public joint-stock company at the stock market, but to ensure its own competitiveness, liquidity and investment attractiveness, take into account factors affecting the comprehensive business, investment and financial position of a joint-stock company.
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Nuraningrum, Amanda Wahyu, and Dyah Fitriani. "ANALISIS PENGARUH MARKET CAPITALIZATION TERHADAP HARGA SAHAM PADA PERUSAHAAN YANG TERDAFTAR DI BURSA EFEK INDONESIA." Jurnal Fokus Manajemen Bisnis 3, no. 2 (September 30, 2013): 109. http://dx.doi.org/10.12928/fokus.v3i2.1337.

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This study aimed at testing and analyzing how both the big market capitalization and the small one had an effect on the price stock. The population of this study was all companies listed in BEI in the period of 2007 – 2011. The purposive sampling with a quota sampling was applied in the technique as sampling, while the selection result of sampling was 36 companies with big market capitalization and 36 companies with small market capitalization. The method of data selection of this study was documentation because the data was taken from other sides. The dependent variable used in this study was price stock and the independent variable was market capitalization. The tools for data analysis applied Vector Error Correction Model (VECM). The result of this study indicated that the big market capitalization had a positive effect on the price stock and gave an effect of 69.91% on the price stock at the end of the period. While the small market capitalization had a positive effect on the price stock at 85.09%.
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d’Amato, Maurizio. "Cyclical capitalization and lag vacancy." Journal of European Real Estate Research 10, no. 2 (August 7, 2017): 211–38. http://dx.doi.org/10.1108/jerer-10-2015-0038.

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Purpose This paper aims to propose a new valuation method for income producing properties. The model originally called cyclical dividend discount models (d’Amato, 2003) has been recently proposed as a family of income approach methodologies called cyclical capitalization (d’Amato, 2013; d’Amato, 2015; d’Amato, 2017). Design/methodology/approach The proposed methodology tries to integrate real estate market cycle analysis and forecast inside the valuation process allowing the appraiser to deal with real estate market phases analysis and their consequence in the local real estate market. Findings The findings consist in the creation of a methodology proposed for market value and in particular for mortgage lending determination, as the model may have the capability to reach prudent opinion of value in all the real estate market phase. Research limitations/implications Research limitation consists mainly in a limited number of sample of time series of rent and in the forecast of more than a cap rate or yield rate even if it is quite commonly accepted the cyclical nature of the real estate market. Practical implications The implication of the proposed methodology is a modified approach to direct capitalization finding more flexible approaches to appraise income producing properties sensitive to the upturn and downturn of the real estate market. Social implications The model proposed can be considered useful for the valuation process of those property affected by the property market cycle, both in the mortgage lending and market value determination. Originality/value These methodologies try to integrate in the appraisal process the role of property market cycles. Cyclical capitalization modelling includes in the traditional dividend discount model more than one g-factor to plot property market cycle dealing with the future in a different way. It must be stressed the countercyclical nature of the cyclical capitalization that may be helpful in the determination of mortgage lending value. This is a very important characteristic of such models.
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Rayhorn, Charles, and Kenneth Janson. "January Returns Phenomena: Current Evidence for the Dow-Jones Industrials and for the NASDAQ." Journal of Finance Issues 5, no. 2 (December 31, 2007): 34–43. http://dx.doi.org/10.58886/jfi.v5i2.2610.

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Two measures of stock performance are examined to gauge the extent of abnormal returns behavior attributable to the month of January. The January Effect (JE) and January Barometer (JB) are assessed on a large market capitalization portfolio, the Dow, and on a small market capitalization portfolio, the NASDAQ. The JE is confirmed for small capitalization firms over the period of study but is rejected for large capitalization firms. Evidence is found to support the JB effect for the large capitalization group. No evidence is found to support the JB effect for the small capitalization group.
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GORSHKOV, Semen A. "Assessing the capitalization of oil and gas companies." Financial Analytics: Science and Experience 14, no. 2 (May 28, 2021): 141–55. http://dx.doi.org/10.24891/fa.14.2.141.

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Subject. The article considers the capitalization of oil and gas companies. Objectives. The purpose is to research and evaluate the capitalization of the said companies. Methods. The study rests on general scientific methods of analysis. Results. The paper formulates the concept of capitalization as the most important result of the economic efficiency of production, investment attractiveness, and prospects for the development of corporation's business. It shows that the efficiency of using available resources is a crucial factor for capitalization. It considers the opportunities to single out fictitious value in market capitalization, using the fair value calculation method. This enables investors to make more informed investment decisions. The paper also identifies problems related to capitalization growth in the oil and gas business, and gives recommendations for its improvement. Conclusions. Capitalization growth should be seen as the main goal of sustainable development of companies. The concept of market capitalization should be tied to the assessment of economic performance. At the present stage, the paper reveals that the market capitalization index is away from actual business results, with the accumulation of fictitious capital in value.
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30

Agbada, Andrew Omosioni. "Appraising Financial Development Indicators and Capital Market Performance." Finance & Economics Review 2, no. 1 (May 22, 2020): 45–62. http://dx.doi.org/10.38157/finance-economics-review.v2i1.79.

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This study appraised empirically Financial Development Indicators (FDIs) and Capital Market Performance in Nigeria. While Financial Depth, Financial Access and Financial Efficiency served as proxy for FDIs and independent variable; Market Capitalization was used as proxy for Capital Market Performance and the dependent variable. Primary data were sourced employing Survey design and analyzed using Pearson Product-Moment Correlation Coefficient, (PPMCC) technique denoted by ‘r’. The robustness of findings which showed that hypotheses one (H01) and two (H02) exhibited high coefficients and passed the test of significance led us to conclude that the variables: Financial Depth and Financial Access are relevant to policies formulated to affect Market Capitalization in Nigeria. However, hypothesis three (H03) portends rather low results suggesting that though a positive relationship exists between Financial Efficiency and Market Capitalization, the strength of relationship is moderate and cannot be considered too relevant to policies formulated to affect Market Capitalization in Nigeria. We therefore recommend that financial sector authorities and stakeholders should ensure that innovative facilities and policies that enable access to finance; that give ability to financial markets to imbibe large trade volumes be put instituted to facilitate proper development of the sector and that serious attention should be given to on-the-job-training, retraining and financial courses for employees to acquire industry knowledge of the job in order to enhance their performance.
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Sitorus, Handayani, Idhar Yahya, and Sirojuzilam . "The Influence of Intellectual Capital, Company Size and Profitability on Disclosure of Intellectual Capital and the Effect on Market Capitalization in Manufacturing Companies." Volume 4 - 2019, Issue 9 - September 4, no. 9 (September 11, 2020): 27–34. http://dx.doi.org/10.38124/ijisrt20sep012.

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This study aims to examine intellectual capital, company size and profitability on intellectual capital disclosure and its effect on market capitalization in manufacturing companies listed on the Indonesia Stock Exchange for the 2014-2018 period. The population in this study were all manufacturing companies listed on the IDX in 2014-2018. Of the 146 listed companies, 73 sample companies were selected using a purposive sampling method. The data used in this research is secondary data. The hypothesis in this study uses the t-test and F test. The results of hypothesis testing show that intellectual capital has no significant effect on disclosure of intellectual capital, company size has a positive and significant effect on disclosure of intellectual capital, profitability does not have a significant effect on disclosure of intellectual capital, the capital. Intellectual property does not have a significant effect on market capitalization, company size has a positive and significant effect on market capitalization, profitability has a positive and significant effect on market capitalization, intellectual capital disclosure has a positive and significant effect on market capitalization, and intellectual capital disclosure cannot mediate the effect of intellectual capital, firm size and profitability on market capitalization.
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Nazir, Mian Sajid, and Muhammad Musarrat Nawaz . "Corporate Payout Policy and Market Capitalization: Evidence from Pakistan." Journal of Economics and Behavioral Studies 4, no. 6 (June 15, 2012): 331–43. http://dx.doi.org/10.22610/jebs.v4i6.333.

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Present study examines the relationship between corporate payout policy and market capitalization by studying payout ratio and dividend yield as measures of payout policy and controlling other variables of size, growth, EPS, Leverage, GDP growth, and Interest rates. Different statistical techniques of correlation, regression, fixed effect and random effect are applied on pooled and panel data to find out the relationship between corporate payout policy and market capitalization. The results show that measures of corporate payout policy, dividend yield and payout ratio has strong negative correlation with market capitalization. Control variables of size and leverage have positive significant correlation with market capitalization while higher earnings per share are leading it negatively and these relationships are statistically significant at various levels of significance. Overall results suggested that the corporate payout policy has significant impact on market capitalization in Pakistan and this notion is consistent with the earlier studies.
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33

Volodina, A. O. "Factors affecting the company's capitalization." Vestnik Universiteta, no. 4 (June 5, 2021): 146–51. http://dx.doi.org/10.26425/1816-4277-2021-4-146-151.

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The article considers the essence of the company's market value, clarifies the concept of enterprise capitalization. The author analyses Russian and foreign studies devoted to the identification of quantitative factors that affect the market value of companies. In the analysis of domestic research, the author pays special attention to the oil and gas and electric power industries of the economy. The analysis of foreign studies includes companies from Italy, Indonesia and Jordan. The paper analysed the structure and dynamics of the Russian stock market, the influence of revenue, net profit, the level of dividend payments, return on assets, the ratio of borrowed and own funds, as well as the return on sales by the amount of the market value of electric power companies whose shares are traded on the Russian stock market. The study identifies the main quantitative factors affecting the capitalization of companies. The author determines the directions of further research.
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Pilvere, Irina, Aija Pilvere-Javorska, and Baiba Rivza. "COMPARATIVE ANALYSIS OF POST-RECESSION STOCK MARKET PERFORMANCE IN THE BALTIC STATES." Science and Studies of Accounting and Finance Problems and Perspectives 12, no. 1 (December 19, 2018): 37–46. http://dx.doi.org/10.15544/ssaf.2018.05.

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Stock market is alternative place to bank lending for company’s finance and contributor to economic development. Baltic States is market, which traditionally is perceived as one, however it is comprised of 3 separate stock markets. Research aim was to conduct comparative analysis of stock market development performance post-recession in the Baltic States.. In order to perform analysis, number of listed companies, their market capitalization and structure in Baltic States were analyzed and also compared to main economic indicators structure in 2008-2018 6 months. The main research methods are: analysis, synthesis, the logical construction method, the induction and deduction methods, as well as time series analysis. Authors have determined main stock market performance indicators and compared stock market indicators structure with Baltic region’s economic structure. Research results indicates that number of listed companies had increased only in Estonia, also market capitalization there had experienced their value to more than double in analyzed period. In Lithuania number of companies had declined, while market capitalization the growth was slower when compared to in Estonia, while more linear. In turn, stock market capitalization and number of listed companies in Latvia were declining in 2008-2018 6 months. Overall number of listed companies in Baltic States was decreasing, while their market capitalization is increasing, but still is only 60% of value it was in pre-recession year 2007. In Estonia and in Lithuania average listed companies are larger in size, when compared to in Latvia. Size of average listed companies on stock market in Estonia and in Lithuania more than doubled in size, while in Latvia it showed insignificant growth. Stock market indicators’ structure had insignificant deviations from the main economic indicator structure in 2008, while in 6 months 2018 dynamics in Latvia stock market parameters had dropped in the structure among all 3 Baltic States. Overall, in Latvia stock market is lagging behind, when compared to one in Estonia and in Lithuania in analyzed period, thus all 3 Baltic States has had asymmetrical recovery and development speed post-recession.
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35

Hendershott, Patric H., and Bengt Turner. "Estimating constant-quality capitalization rates and capitalization effects of below market financing." Journal of Property Research 16, no. 2 (January 1999): 109–22. http://dx.doi.org/10.1080/095999199368175.

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36

Roosmawarni, Anita, Didin Fatihudin, and Nurullaili Mauliddah. "Market Capitalisation and Financial Performance: Evidence from Banking Listed Company in Indonesia." Jurnal Analisis Bisnis Ekonomi 20, no. 2 (January 15, 2023): 124–36. http://dx.doi.org/10.31603/bisnisekonomi.v20i2.7835.

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Market capitalization is a vital performance tool for the banking companies, the current profit and the future earnings of the banks also have an important impact on the market capitalization of the banks. This study aimed to determine Return on Equity effect, Capital Adequacy Ratio, Non Performing Loan and Firm Size on the banking sectors market capitalization listed on the Indonesia Stock Exchange 2010-2020. This research method used multiple linear regression analysis with data processing using the tools Stata 15 program. The sampling method of this research used a purposive sampling technique. The F-test results showed that simultaneously Return on Equity, Capital Adequacy Ratio, Non Performing Loan, and Firm Size had a significant effect on market capitalization with a significance value of 0,0%. The test results with the t-test show that Capital Adequacy Ratio and Firm Size has a significant positive effect on market capitalization with a significance level less than 0,0%.
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37

Kärenlampi, Petri P. "Two Manifestations of Market Premium in the Capitalization of Carbon Forest Estates." Energies 15, no. 9 (April 27, 2022): 3212. http://dx.doi.org/10.3390/en15093212.

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In this study, the effect of capitalization premium in forest estate markets on forest management and climate change mitigation economics is investigated. It is shown that proportional goodwill in capitalization induces linear scaling of the financial return, without any contribution to sound management practices. However, there is a financial discontinuity, as harvesting deteriorates goodwill. Such deterioration might be partially avoided by entering the real estate market. Conversely, a capitalization premium set on bare land as a tangible asset would increase timber storage and carbon sequestration. Observations indicate that the proportional goodwill is closer to reality within the Nordic Region, resulting in continuity problems.
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38

McDonald, John. "Capitalisation rates for commercial real estate investment decisions." Journal of Property Investment & Finance 33, no. 3 (April 7, 2015): 242–55. http://dx.doi.org/10.1108/jpif-09-2014-0058.

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Purpose – The purpose of this paper is to present a basic model of commercial real estate valuation in which the capitalization rate is the critical variable, and to present empirical results for a study of office building capitalization rates. Design/methodology/approach – The model is derived from standard economic and financial theories. The empirical study uses data from the sale of office buildings in 37 downtown markets for 2012. The empirical results are related to concepts of asset market efficiency. Findings – The empirical results show that capitalization rates depend on features of the office buildings, vacancy rate, and recent change in the office building market as captured by the vacancy rate. In other words, investors are using variables implied by standard economic and financial theory and basic economic data from the recent past to determine the capitalization rate. Practical implications – The empirical results show how investors determine capitalization rates for office buildings, so potential investors can gauge the state of a property market. Originality/value – The paper shows that changes in capitalization rates are predictable; investors use past data to adjust their capitalization rates. Furthermore, if an investor does not agree that current trends will continue, then the investment decision should be determined accordingly. For example, if an investor thinks that the future will not be as robust as the recent past, then other investors will bid more than the investor thinks is reasonable. However, if the investor sees a future that is brighter than the recent past, it is time to buy.
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39

"Ranked by Market Capitalization." Mergent's Dividend Achievers 3, no. 2 (2006): 40a. http://dx.doi.org/10.1002/div.3784.

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40

"Ranked by Market Capitalization." Mergent's Dividend Achievers 3, no. 2 (2006): 47a. http://dx.doi.org/10.1002/div.3795.

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41

"Ranking by Market Capitalization." Mergent's Dividend Achievers 3, no. 3 (2006): 49a. http://dx.doi.org/10.1002/div.4218.

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42

"Ranking by Market Capitalization." Mergent's Dividend Achievers 3, no. 4 (2006): 49a. http://dx.doi.org/10.1002/div.4635.

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43

"Ranking by Market Capitalization." Mergent's Dividend Achievers 4, no. 1 (2006): 49a. http://dx.doi.org/10.1002/div.5050.

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44

"Ranking by Market Capitalization." Mergent's Dividend Achievers 4, no. 2 (2007): 49a. http://dx.doi.org/10.1002/div.5462.

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45

"Ranking by Market Capitalization." Mergent's Dividend Achievers 1, no. 4 (2004): 37a. http://dx.doi.org/10.1002/div.1398.

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46

"Ranking by Market Capitalization." Mergent's Dividend Achievers 2, no. 1 (2005): 37a. http://dx.doi.org/10.1002/div.1776.

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47

"Ranking by Market Capitalization." Mergent's Dividend Achievers 2, no. 2 (2005): 36a. http://dx.doi.org/10.1002/div.2144.

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48

"Ranking by Market Capitalization." Mergent's Dividend Achievers 2, no. 2 (2005): 45a. http://dx.doi.org/10.1002/div.2159.

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49

"Ranking By Market Capitalization." Mergent's Dividend Achievers 2, no. 3 (2005): 37a. http://dx.doi.org/10.1002/div.2552.

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50

"Ranking By Market Capitalization." Mergent's Dividend Achievers 2, no. 3 (2005): 46a. http://dx.doi.org/10.1002/div.2568.

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