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1
Durbarry, Ramesh, et M. Thea Sinclair. « Market shares analysis ». Annals of Tourism Research 30, no 4 (octobre 2003) : 927–41. http://dx.doi.org/10.1016/s0160-7383(03)00058-6.
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Khadke, Prof A., Samyak Ajmera, Anand Ghatol, Akshay Singh et Himanshu Narwal. « Institutional Market Analysis in Stock Market ». International Journal for Research in Applied Science and Engineering Technology 10, no 11 (30 novembre 2022) : 1805–7. http://dx.doi.org/10.22214/ijraset.2022.47653.
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Abstract: A stock market, equity market, or share market is the aggregation of buyers and sellers of stocks (also called shares), which represent ownership claims on businesses. In stock market analysis we are trying to predict the price of given share or stock The result was achieved at the end of this project was quite impressive as model was able to predict the trend successfully, it was not 100% accurate but considering that model it predicted only on the basis of past data is quite impressive. All these things we are able to do with help of machine learning.
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Fayaz, Mohd, et Mumtaz Ahmed. « Fisheries Exports of India : A Constant Market Share Analysis ». Indian Economic Journal 68, no 1 (mars 2020) : 29–39. http://dx.doi.org/10.1177/0019466220959572.
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The present study analyses the performance of fisheries exports of India using revealed comparative advantage (RCA), revealed symmetric comparative advantage (RSCA) and the constant market share (CMS) analysis for the period 1980–2016. Indian exports of fisheries have shown a positive trend of comparative advantage in all the markets under consideration revealed by RCA and RSCA. However, CMS results show that for most of the markets, competitiveness had been the utmost crucial driving factor of change in the market shares of Indian fish exports over the study period.
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Nidar, Sulaeman Rahman, et Nurul Ulfa. « Overreaction Market Analysis, Dividend Policy, Firm Size, and Seasonality to Price Reversal Phenomena ». Accounting and Finance Review (AFR) Vol.2(2) Apr-Jun 2017 2, no 2 (12 mars 2017) : 73–77. http://dx.doi.org/10.35609/afr.2017.2.2(10).
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Objective - In an efficient capital market, the price of a stock reflects the outstanding and relevant information. However, some studies find that is the capital markets are not always efficient. Sometimes investors put too high a price, good news and vice versa. That's why there are variety of capital market anomalies such as the price reversal. This research, test share return following one day a big change of the share price in the Indonesia capital market. Methodology/Technique - The unit of analysis in this study are the stocks that listed in the Jakarta Islamic Index. Then we used purposive sampling method for sampling and 21 samples obtained shares. These samples, then classified into 11 shares 10 shares winner and a loser. Analysis the user is paired sample t-test and doubled regression. In addition, double regression analysis with market overreaction, dividend policy, firm size and the January effect as independent variables and price reversal as the dependent variable. Findings - Regression test showed that in the group winner stocks, market overreaction, firm size and January effect have an effect on signs of price reversal. And dividend policy has no significant influence. For the group of loser stocks, market overreaction, dividend policy, firm size and January effect affect both simultaneously and partially on price reversal. Novelty - The study contributes decision making of investors in Indonesia financial market with its evidences. Type of Paper: Empirical Keywords: Market Overreaction; Dividend Policy; Firm Size; January Effect; Price Reversal. JEL Classification: G11, G14, M41.
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Yao, Hongxing, et Kejuan Zhou. « Empirical Analysis of AH-Shares ». Journal of Systems Science and Information 4, no 4 (25 août 2016) : 343–53. http://dx.doi.org/10.21078/jssi-2016-343-11.
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Abstract Recent studies of correlations in Chinese stock market have mainly focused on the static correlations in financial time series, and then we pay great attention to investigate their dynamic evolution of correlations. Our paper reports on topology of 41 AH-shares companies traded on Shanghai and Hong Kong Stock Exchange in Chinese stock market. We apply the concept of minimum spanning tree (MST) and hierarchical tree (HT) to analyze and reveal the dynamic evolution of correlations between different market sectors for the period 2008–2014. From these trees, we can detect that significantly industry clustering effects are in the stock network. We measure the linkage of different companies geared to different industrial sectors. We observe the evolution of AH-shares companies in the stock network based on the moving window technique and investigate the correlations by calculating the correlation coefficient distribution, mean correlation coefficient and mean distance of these companies with time. Therefore, through our analysis, we find that companies working in the same branch of production tend to make up cluster. The results present the difference and similarity between different industry sectors in different time periods.
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Rakim, Aditya Achmad, Mohammad Iqbal et Isra Misra. « Analysis of investment strategy in Indonesian consumer goods industry : Benjamin Graham's approach ». Diponegoro International Journal of Business 5, no 1 (30 juin 2022) : 57–69. http://dx.doi.org/10.14710/dijb.5.1.2022.57-69.
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Shares price fluctuations cause investors to take irrational actions. An assessment of investment valuation is needed to deal with market fluctuations so as to reduce investment risk. Benjamin Graham Formula is an investment strategy by comparing the fair value of the shares with the shares price to help investors in making investment decisions. Benjamin Graham's value investing strategy is a strategy of valuing shares whose actual value is higher than market value, thereby finding significant returns over the long term. This research is quantitative descriptive. Based on the selection criteria for the Benjamin Graham method, the researcher suggests buying ADES shares. The firms share price is currently undervalued. CEKA shares have an undervalued value, this can be used as an alternative consideration in making investment decisions.
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Cowton, Christopher J., Julie Drake et Paul Thompson. « Charities’ bankers : an analysis of UK market shares ». International Journal of Bank Marketing 18, no 1 (février 2000) : 42–47. http://dx.doi.org/10.1108/02652320010315343.
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Ahmadi-Esfahani, Fredoun Z. « Constant market shares analysis : uses, limitations and prospects ». Australian Journal of Agricultural and Resource Economics 50, no 4 (décembre 2006) : 510–26. http://dx.doi.org/10.1111/j.1467-8489.2006.00364.x.
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Fagerberg, Jan, et Gunnar Sollie. « The method of constant market shares analysis reconsidered ». Applied Economics 19, no 12 (décembre 1987) : 1571–83. http://dx.doi.org/10.1080/00036848700000084.
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Milana, Carlo. « Constant-market-shares analysis and index number theory ». European Journal of Political Economy 4, no 4 (janvier 1988) : 453–78. http://dx.doi.org/10.1016/0176-2680(88)90011-0.
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Wei, Wenqi. « An Empirical Analysis of the Impact of Exchange Rates on Stock Prices ». BCP Business & ; Management 15 (30 décembre 2021) : 247–61. http://dx.doi.org/10.54691/bcpbm.v15i.280.
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With the deepening of economic openness, the domestic capital market is increasingly linked to the foreign exchange market, and changes in the exchange rate of a country's currency are often accompanied by significant fluctuations in the level of stock prices. This paper selects the panel data of the stock prices of different listed companies and the exchange rate of RMB to SDR from the first quarter of 2017 to the fourth quarter of 2020 to conduct regression analysis and robustness test. The results show that there is a significant negative relationship between exchange rate (under the direct markup method) and stock prices. Compared with stocks with lower stock prices and B shares, stocks with higher stock prices and A shares are more affected by exchange rate changes. Therefore, China should be cautious in the process of promoting capital account opening and deregulation of exchange rate, strengthen the management of fluctuations in the foreign exchange and stock markets to prevent stock market bubbles, and promote the reform of the B-share market to improve the efficiency of corporate financing and make China's financial market more complete.
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Wu, Jing. « Did the Inclusion of China’s A-Shares in the MSCI Index Improve the Information Content of Listed Firms ? Analysis Based on Stock Price Synchronisation and Environmental Social Governance ». Wireless Communications and Mobile Computing 2022 (23 août 2022) : 1–9. http://dx.doi.org/10.1155/2022/7623580.
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Chinese A-shares were officially included in the Morgan Stanley Capital International (MSCI) Emerging Markets Index from June 2018. The inclusion of the A-share market into the MSCI Index is one of the most influential events in the opening up of the capital market of China. However, China’s A-share market has an imperfect system compared with that of developed countries. Stock price synchronisation is more serious in China than in developed countries, and Environmental Social Governance (ESG) disclosures are imperfect. Excessive stock price synchronicity can affect the information content of stock prices, and imperfect ESG disclosures are not conducive to the investment decisions of investors and thus not conducive to the price mechanism for adjusting the market. From the perspective of stock price synchronisation and ESG disclosure, this study discusses the impact of the exogenous event of the inclusion of A-shares in the MSCI Index on China’s capital market. Based on data of listed firms from 2011 to 2019, this study determines whether MSCI target stocks have high stock price information content and explores the ESG disclosure level based on a difference-in-differences (DID) model. In addition, this study conducts a parallel trend hypothesis test and propensity score matching (PSM) to test the robustness of the results. Empirical results show that the inclusion of A-shares in the MSCI Index increased the stock price information content and reduced the stock price synchronisation of MSCI target stocks. At the same time, this study tests the quality of the ESG information disclosure of A-shares after their inclusion in the MSCI Index and finds that the level of disclosure of the underlying stocks improved. This finding indicates that the inclusion of A-shares in the MSCI Index plays a role in improving the quality of ESG disclosure through information channels. The research conclusions have important implications for the active promotion of the expansion of the MSCI Index and further opening up of the capital market of China. In addition, the conclusions can provide a reference for subsequent MCSI decision-making and insights into the capital markets of other emerging-market countries.
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Dunn, Kimberly, Mark Kohlbeck et Brian W. Mayhew. « The Impact of the Big 4 Consolidation on Audit Market Share Equality ». AUDITING : A Journal of Practice & ; Theory 30, no 1 (1 février 2011) : 49–73. http://dx.doi.org/10.2308/aud.2011.30.1.49.
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SUMMARY: We investigate the Big 5 to Big 4 consolidation and its impact on audit market share equality. We extend the GAO’s (2008) study on audit firm industry market concentration to examine whether the remaining Big N firms’ market shares are more equal after the Big 4 consolidation. We also extend the GAO study to examine audit market shares at the city and city-industry levels. We find that while overall market concentration increases, the Big 4 have more equal market shares than the Big 5 had prior to the consolidation at all levels of analysis. The increase in market share equality may explain why there has been inconsistent evidence of an association between market concentration and competition after the consolidation (Feldman 2006; GAO 2008). However, we find that the largest four clients in each market we examine are more likely to share the same auditor after consolidation, which suggests the largest clients face constrained choices.
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Mazviona, Batsirai, Gisele Mah et Ireen Choga. « Day of the week effect in the South African equity market : A garch analysis ». Ekonomika 68, no 1 (2022) : 15–30. http://dx.doi.org/10.5937/ekonomika2201015m.
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Understanding dynamics of daily stock returns provide insight in trading opportunities available in stock markets. The purpose of the study was to examine whether day of the week effect exists in the South African equity market. Daily data from Top 40, All Shares, Basic Materials, Industrials, Consumer Goods, Health Care, Consumer Services, Telecommunications, Financials and Technology indices were collected for period 1995 to 2018. Exponential and threshold generalized auto regressive conditional heteroskedasticity models were employed to analyse day of the week anomaly. Findings of the day of the week for the mean equation revealed a positive Monday effect for aggregate indices namely Top 40 and All shares whilst the sectorial analysis showed a positive Monday effect for Basic materials, Consumer goods, Health care and Telecommunication. Furthermore, the mean equation for day of the week depicted a positive Tuesday effect for Financials sector, positive Wednesday effect for Consumer services sector and Thursday effect for Industrials and Technology sectors. The variance equation highlighted negative Monday effect for Top 40 and All shares as well as Basic materials, Consumer goods, Health care, Consumer services, Telecommunication and Financials sectors. However, Industrials sector indicated a negative Friday effect. The existence of day of the week effect nullifies the efficient market hypothesis in its weak form. In practice, it is recommended that for Mondays investors should invest in Top 40 and All shares, for Tuesday and Wednesday it would be prudent for investors to invest in Financial and Consumer services sectors respectively. Returns for Thursdays are attractive to an investor investing in the Industrial sector. An investor can reduce exposure by diversifying in the Health sector on Monday and in the by Industrial sector on Friday. Unlike previous studies that focussed on aggregate market indices, this study extended the analysis to sectors that constitute the market index.
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Aarif, Rekha, et Malathi Rao. « The Constant-Market-Shares Analysis for India (1981-1987) ». Foreign Trade Review 29, no 4 (janvier 1995) : 332–49. http://dx.doi.org/10.1177/0015732515950407.
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McGee, Shelley-Ann Marion. « The economic and pricing impact of authorized generic medicines in South Africa ». International Journal of Pharmaceutical and Healthcare Marketing 9, no 1 (7 avril 2015) : 20–35. http://dx.doi.org/10.1108/ijphm-11-2013-0059.
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Purpose – This paper aims to examine whether authorized generics (AGs) have influenced prices and market shares in markets for molecules facing generic competition in South Africa. AGs (clones), which are identical to the originator brands, offer a solution for originator companies to protect their markets from independent generic (IG) competition. IG competitors have claimed that AGs have a negative impact on pricing and competition. Design/methodology/approach – In a retrospective analysis, pricing and quantity data for 24 months post generic entry were extracted for oral solid dosage form products which experienced generic entry into their markets between 2005 and 2011, divided into “Authorized generic affected” and “no authorized generic” markets. A series of indices was calculated, as well as market shares of competing originator and generic products, and the number of generic competitors determined. Indices and market share data for clone affected and unaffected groups were tested at 6, 12, 18 and 24 months using unmatched t-tests, at a 95 per cent significance level. Findings – None of the evaluated pricing indices showed a consistently significant difference existing between AG-affected and no-AG samples. The only variable for which the two samples consistently differed was market shares, with originator brands experiencing significantly more market share erosion in AG-affected markets. Pricing levels of generics and originator products as well as growth of numbers of generic competitors were similar in both AG-affected and no-AG groups. Originality/value – A study of this nature on the impacts of AGs in the South African generics has not been previously published and reflects the situation particular to the country.
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Duan, Nan. « Analysis of the Introduction of Non-denominated shares ». SHS Web of Conferences 148 (2022) : 03047. http://dx.doi.org/10.1051/shsconf/202214803047.
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With the enactment of the Company Law (Amendment) Act 2021 and the public consultation, the authorized capital system began to be accepted by our company law. Closely related to it, the system of non-denominated shares was also confirmed in the draft. For a long time, China has been practicing the par value share system, which undoubtedly played a role in safeguarding the equal capital contribution relationship among shareholders, preventing the company from improperly distributing dividends, protecting the company’s continuous operation and being solvent under the framework of the early company law theory. However, with the development of the market and corporate governance, the actual function of the par value share system seems to be gradually deviated from the original purpose of its establishment. The purpose of this paper is to demonstrate the advantages of implementing a system of non-denominated shares, and also to suggest some supporting institutional arrangements after the introduction of non-denominated shares.
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Wadhwa, Kavita, et Sudhakara Reddy Syamala. « Reallocation of IPO shares : emerging market evidence ». International Journal of Managerial Finance 14, no 4 (6 août 2018) : 414–32. http://dx.doi.org/10.1108/ijmf-06-2017-0106.
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Purpose The purpose of this paper is to study the reallocation of initial public offering (IPO) shares to retail investors, non-institutional buyers (NIBs) and qualified institutional buyers (QIBs). The authors examine how the reallocation process is related to the pricing decision of the underwriter. The authors also examine the long-run performance of the IPOs classified on the basis of the highest reallocation by retail investors, NIBs and QIBs. Design/methodology/approach The authors use regression analysis as well as 2SLS and three-stage least squares models to test the hypotheses. For long-run performance analysis, the authors adopt Carhart’s (1997) four-factor model. Findings First, the authors provide evidence that the reallocation of IPO shares for retail investors, NIBs and QIBs is frequent. Second, all three categories of investors are treated differently in the reallocation of underpriced shares. Third, the authors find that the reallocation and pricing strategies are interdependent and both the strategies are used by the underwriter to reward and favor retail investors for showing high level of demand. The authors find that in India, underwriters reward retail investors. Lastly, even though underwriters favor retail investors for reallocation, the authors find that IPOs which receive highest reallocation to retail investors perform poorly in the long run. Originality/value This paper is the first paper to show evidence of reallocation of IPO shares by underwriters for an emerging market. The paper is different from other papers as the regulatory regime present in the Indian markets is different from other markets.
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Chorowski, Michał, et Ryszard Kutner. « Multifractal Company Market : An Application to the Stock Market Indices ». Entropy 24, no 1 (16 janvier 2022) : 130. http://dx.doi.org/10.3390/e24010130.
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Using the multiscale normalized partition function, we exploit the multifractal analysis based on directly measurable shares of companies in the market. We present evidence that markets of competing firms are multifractal/multiscale. We verified this by (i) using our model that described the critical properties of the company market and (ii) analyzing a real company market defined by the S&P500 index. As the valuable reference case, we considered a four-group market model that skillfully reconstructs this index’s empirical data. We point out that a four-group company market organization is universal because it can perfectly describe the essential features of the spectrum of dimensions, regardless of the analyzed series of shares. The apparent differences from the empirical data appear only at the level of subtle effects.
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Siegfried, John J., et Emmett H. Miller. « Measuring market shares for the analysis of a consummated merger ». Review of Industrial Organization 5, no 2 (juin 1990) : 1–12. http://dx.doi.org/10.1007/bf02229745.
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Alawneh, Ateyah. « Dividends, Net Income After Taxes and Earnings Per Share and Their Impact on the Market Capitalization of Listed Companies Amman Stock Exchange During the Period 1978-2016 ». International Journal of Economics and Finance 10, no 10 (25 septembre 2018) : 69. http://dx.doi.org/10.5539/ijef.v10n10p69.
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The study aims to measure the impact of dividends, net income after taxes and earring per share on the market capitalization of companies listed in Amman Stock Exchange during the period 1978-2016. The study using E-views program to analyze the data, as the analysis showed that there is statistically significant positive relationship between the dividends and the market capitalization. As well as, a positive relationship between the net income after taxes and the market capitalization of listed companies in Amman Stock Exchange. The study found that there is no statistically significant between earnings per share and market capitalization, and this means that investors are interested in dividends and net income after taxes in the demand on shares, but they do not care about earnings per share when they demand shares.
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ALIEV, Oleg M. « Stock pricing factors ». Finance and Credit 28, no 4 (28 avril 2022) : 806–24. http://dx.doi.org/10.24891/fc.28.4.806.
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Subject. This article deals with stock pricing factors. Objectives. The article aims to identify factors affecting the share prices of Russian companies. Methods. For the study, I used content, logical, and comparative analyses. Results. The article describes the factors that influence the price of a company's shares, but are not always directly related to its management and operations. Conclusions. There is a certain lack of scientific works confirming or refuting the applicability of fundamental indicators in the problem of predicting the changes in stock prices in the Russian market, when high volatility of financial markets and increased uncertainty due to political events have changed the relationship between the market value of shares and the fundamental indicators of the issuing company. Therefore, the significance of fundamental indicators should be checked in conjunction with external factors, which makes it possible to check the appropriateness of the application of fundamental analysis in modern realities.
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Lin, Guihua, Xiaoli Xiong, Yuwei Li et Xide Zhu. « Sales Mode Selection Strategic Analysis for Manufacturers on E-Commerce Platforms under Multi-Channel Competition ». Systems 10, no 6 (25 novembre 2022) : 234. http://dx.doi.org/10.3390/systems10060234.
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This paper considers a sales mode selection problem between resale and agency modes on e-commerce platforms for a manufacturer with traditional retail channel, direct selling channel, and e-commerce platform channel. By considering the factors price competition, market shares, and commission rate, we construct two leader-follower models with the manufacturer as a leader and traditional retailer and e-commerce platform as followers. To obtain optimal solutions, we discuss the conditions under which the upper and lower models are convex and then give optimal strategies for all members in the network. Through numerical experiments, we analyze the impact of price competition intensity, market shares, and commission rate on mode selection strategies and the changing trend of each member’s optimal pricing and profit under different sales modes. The numerical results reveal the following revelations: If the market share of the traditional retail channel is lower than the direct selling channel, the manufacturer should choose the agency mode when the market share of the direct selling channel and price competition are lower or when the market share of the direct selling channel together with the price competition and the commission rate is higher; otherwise, the manufacturer should choose the resale mode. If the market share of the direct selling channel is lower than the traditional retail channel, the manufacturer should choose the agency mode when the price competition is weak and choose the resale mode when the price competition is strong. Under certain conditions, a win–win situation can be achieved no matter how the manufacturer chooses.
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Ketova, K. V., A. V. Shishova et S. V. Dorofeeva. « TECHNICAL ANALYSIS OF FINANCIAL MARKETS USING MARKET INDICATORS ON THE EXAMPLE OF SAMSUNG SHARES ». Vector Economy, no 2 (2021) : 34. http://dx.doi.org/10.51691/2500-3666_2021_2_5.
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Moskalenko, Valentyna, Anastasija Santalova et Nataliia Fonta. « STUDY OF NEURAL NETWORKS FOR FORECASTING THE VALUE OF COMPANY SHARES IN AN UNSTABLE ECONOMY ». Bulletin of National Technical University "KhPI". Series : System Analysis, Control and Information Technologies, no 2 (8) (23 décembre 2022) : 16–23. http://dx.doi.org/10.20998/2079-0023.2022.02.03.
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These studies deal with analysis and selection of neural networks with various architectures and hybrid models, which include neural networks, to predict the market value of shares in the stock market of a country that is in the process of unstable development. Analysis and forecasting of such stock markets cannot be carried out using classical methods. The relevance of the research topic is due to the need to develop software systems that implement algorithmic support for predicting the market value of shares in Ukraine. The introduction of such software systems in the circuit of investment decisionmaking in companies that are interested in increasing the information transparency of the Ukrainian stock market will improve the forecasts of the market value of shares. This, in turn, will help improve the investment climate and ensure the growth of investment in the Ukrainian economy. The analysis of the results of existing studies on the use of neural networks and other methods of computational intelligence for modeling the behavior of stock market participants and market forecasting has been carried out. The article presents the results of a study for the using of neural networks with various architectures for predicting the market value of shares in the stock markets of Ukraine. Four shares of the Ukrainian Stock Exchange were chosen for forecasting: Centrenergo (CEEN); Ukrtelecom (UTLM); Kriukivs’kyi Vahonobudivnyi Zavod PAT (KVBZ); Raiffeisen Bank Aval (BAVL). The following models were chosen for the experimental study: long short-term memory LSTM; convolutional neural network CNN; a hybrid model combining two neural networks CNN and LSTM; a hybrid model consisting of a variational mode decomposition algorithm and a long-term memory neural network (VMD-LSTM); hybrid VMD-CNN-LSTM deep learning model based on variational mode (VMD) and two neural networks. Estimates of forecast quality based on various metrics were calculated. It is concluded that the use of the hybrid model VMD-CNN-LSTM gives the minimum error in predicting the market value of the shares of Ukrainian enterprises. It is also advisable to use the VMD-LSTM model to predict the stock exchanges of countries with an unstable economy.
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MANAN, Mohammad Athian, Mahatma KUPEFAKSI et Sri HASNAWATI. « The Effect Of Market Timing On Capital Structure In Non-Financial Companies That Do IPO (Initial Public Offering) on the Indonesia Stock Exchange for the 2010-2017. » International Journal of Environmental, Sustainability, and Social Science 3, no 1 (5 avril 2022) : 33–41. http://dx.doi.org/10.38142/ijesss.v3i1.153.
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Market timing theory (MTT) refers to the practice where the companies issue shares when the share prices are high prices and repurchase the shares when the share prices are low. This study aims to determine the effect of market timing on the company's capital structure and to determine whether there is a persistent (long-term) effect of market timing on the capital structure during the IPO period up to 3 years after the IPO. This study used a purposive sampling method and obtained 102 companies that conducted Initial Public Offerings on the IDX for the 2010-2017 period. The data analysis technique used is multiple linear regression analysis, while research testing is done using eviews. This study also uses four control variables, namely profitability, firm size, asset tangibility, and growth. The results of this study indicate that market timing has a significant negative effect on capital structure. However, this study also shows that market timing does not affect capital structure in the long term.
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Mujisukamto, Aprinta Trisna, et Aftoni Sutanto. « ANALISIS EFISIENSI PASAR MODAL SYARI’AH DAN KONVENSIONAL BENTUK LEMAH BURSA EFEK INDONESIA ». Jurnal Fokus Manajemen Bisnis 4, no 1 (31 mars 2014) : 65. http://dx.doi.org/10.12928/fokus.v4i1.1351.
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The analysis in this study was to test the efficiency of the Indonesian capital market in the form of weak. this research has two objeactives, the first objectives is analyze whether Indonesia capital market (convensional and syari’ah) has been efficient (weak-form). The second one is to analyze differentiation efficient market between convensional and syari’ah capital market. This study uses monthly stock price data, from 23 conventional stocks included in the index LQ45 and 2 Islamic stocks included in the index during the observation period 2012-2013 JII. To test the hypothesis efficiency of capital markets weak form using the Run Test, this test is used to test randomness stock price changes. Results from this study are in the period 2012-2013 of conventional and islamic capital market is efficient in the weak form and analyze by looking for a random number of shares on the capital market conventional and islamic capital market, the results showed that there were 22 (95.7%) share price conventional random and 2 (100%) the share price of sharia are random. Based on the analysis of Islamic capital markets more efficient than the conventional capital market.
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O'Day, K., et K. Meyer. « Budget Impact Analysis with Simultaneous Multiple Market Entrants : Static Versus Dynamic Baseline Market Shares ». Value in Health 21 (mai 2018) : S10—S11. http://dx.doi.org/10.1016/j.jval.2018.04.050.
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Park, Jae Hee, et Ji Hee Kim. « The Impact of Airport Managerial Type and Airline Market Share on Airport Efficiency ». Sustainability 13, no 2 (19 janvier 2021) : 981. http://dx.doi.org/10.3390/su13020981.
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This paper investigates the impact of airport managerial type and airline market structure on airport efficiency. It explores whether the market shares of the largest airlines differ depending on the managerial type of the airport. In this study, the efficiency scores for the sample airport are measured through DEA (Data Envelop Analysis), and the impacts of the airport managerial type and dominant carrier market share on airport efficiency are subsequently estimated through CEM (Coarsened Exact Matching). This paper concludes that group airports are more efficient than the standalone airports, and the market shares of the largest airlines have a positive impact on enhancing airport efficiency. In addition, the market shares of the largest airlines are found to be higher for group airports than for standalone airports. These findings can serve as practical guidelines for governments and airport authorities by suggesting that efficiency improves when multiple standalone airports are operated as a group through the M&A of airports or the establishment of airport operation agencies. While facing unprecedented challenges from the spread of COVID 19, this paper also suggests that an increase in airline market share through airport–airline cooperation has a positive impact on airport efficiency.
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Chan, Ka Ching, et Terry M. Mills. « Modeling Competition over Product Life Cycles ». Asia-Pacific Journal of Operational Research 32, no 04 (23 juillet 2015) : 1550021. http://dx.doi.org/10.1142/s0217595915500219.
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This paper presents a mathematical model, linking the classical Markov models for brand switching and models for product life cycles, to forecast competition analysis and market share. This integrated model can be used to forecast market shares of all competitors, and their market shares, including customers retained, customers gained from market growth, and customers gained from competitors over the product life cycle. Such information provides forecasters with valuable insight about their market positions. The model is generic and can be applied to different types of products and services, under different types and patterns of product life cycle curves. A numerical example on a typical mobile telecommunication industry is used to illustrate the application of the proposed approach.
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Raikova, E. Yu, et E. V. Osipyan. « Household appliances market and its development trends ». Lizing (Leasing), no 4 (1 octobre 2021) : 22–25. http://dx.doi.org/10.33920/vne-03-2110-03.
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The work is devoted to the analysis of the household appliances market and the main trends in its development. The structure and share of imports of household appliances are analyzed. The main leaders in the household appliances market are considered and the shares of their companies in the Russian Federation today are presented. The article also examines the development trends of the household appliances market.
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Lin, Chuan, Yinzhong Chen, Jing Liao et Dongxuan Liu. « Neuro-fuzzy network based analysis between the “Introduction of foreign-invested shares”, the “belt and road initiative” and the “international competitiveness of Chinese local state-owned enterprises” ». Journal of Intelligent & ; Fuzzy Systems 40, no 4 (12 avril 2021) : 8359–69. http://dx.doi.org/10.3233/jifs-189657.
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Stimulated by the “Belt and Road” Initiative (BRI), Chinese enterprises are participating in the markets of Central and Eastern European Countries (CEECs). With the Chinese local SOEs from 2007 to 2017 as samples, this paper empirically verified the impact of the introduction of foreign-invested shares (foreign shares for short) on the international competitiveness of these enterprises, as well as the mediation effect of the BRI strategy. In this paper, we propose neuro -fuzzy network based correlation analysis and empirical analysis found that there’s a significant positive correlation between the introduction of foreign shares and the international competitiveness of Chinese local SOEs, that is, compared with local SOEs without foreign shares, those with foreign shares enjoy stronger international competitiveness when participating in the Central and Eastern European market; after the mediation effect of BRI has been taken into consideration, the introduction of foreign shares further strengthened the positive impact on the international competitiveness of these enterprises. This is because the BRI has significantly promoted the participation of Chinese SOEs in the Central and Eastern European market.
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Liu, Chelsea, Graeme Gould et Barry Burgan. « Value-relevance of financial statements ». International Journal of Managerial Finance 10, no 3 (27 mai 2014) : 332–67. http://dx.doi.org/10.1108/ijmf-02-2011-0016.
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Purpose – The Chinese capital markets are divided into two segments comprising of A-shares (traded by domestic investors) and B-shares (traded by foreign investors). Firms issuing A-shares are required to produce accounting reports under the Chinese Accounting Standards (CAS) and firms issuing B-shares are required to report under the International Accounting Standards (IAS). The purpose of this paper is to investigate the comparative value-relevance of accounting information in the Chinese capital markets, in particular whether the value-relevance associated IAS exceeds that of CAS. Design/methodology/approach – This study undertakes a capital market research approach. Two statistical models are employed to test the value-relevance of competing accounting information on share prices: the Price Model and the Return Model. This study takes advantage of the parallel reporting frameworks governing the A-share and B-share markets buy using the same firms which issue both A-shares and B-shares. Findings – The analysis supporting the study demonstrates that both CAS and IAS information is value relevant to investors in the Chinese capital markets but that IAS provide more useful information. Additionally it is observed that reconciliation variables (representing the discrepancy between IAS- and CAS-based accounting figures) are not significant in explaining market valuation or returns on stock. Research limitations/implications – This study provides evidence of value-relevance of accounting reports on the Chinese capital markets for the period of 1999-2005. The period under investigation captures the significant development in China's accounting regulations which took place in 1998 and 2001. The recent shift in accounting regulations in China from CAS to IAS is expected to improve the dissemination of financial information by publicly listed Chinese firms. Practical implications – This study investigates the reporting requirements on the Chinese capital markets during a period in which accounting reporting requirements underwent a significant change as part of the internationalization of accounting standards. Both A- and B-share markets were investigated simultaneously in order to provide an objective analysis and avoid sampling selection bias present in other studies. Social implications – The recent shift in accounting regulations in China from CAS to IAS is expected to improve the dissemination of financial information by publicly listed Chinese firms. Originality/value – This paper extends previous research on value-relevance of accounting reports in the Chinese capital markets by capturing the period in which the reporting requirements had experienced significant change. This paper also takes advantage of the dual reporting framework in order to mitigate potential sampling bias present in previous studies and employs a reconciliation variables not previously used.
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Balashova, I. V., et T. A. Tereshchenko. « Junk Securities : Cheese in the Mouse-Trap or Uncut Diamond ». Vestnik of the Plekhanov Russian University of Economics, no 4 (21 juillet 2021) : 162–68. http://dx.doi.org/10.21686/2413-2829-2021-4-162-168.
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The article shows that junk securities never demonstrate a smooth trend to rate growth and any jump or drop usually happen by sharp change in the trend. The investor making deals on OTC call-boards should realize that 95% of dark market shares cannot pass analysis and the majority of investors who deal with dark market shares would lose money. Sometimes after good results shares on dark market can go ‘darker' and are not reported for a long time. It resembles ‘leaving on a high pitch'. But occasionally figures can become worse, therefore the company would not like to acknowledge the fact. Junk shares always imply high risk, as in the majority of cases there is no reliable information about the organization issuing shares and securities themselves. The authors point out that in case of placement at outside markets external audit is not carried out and real quotation could differ from those presented. At the same time it is rather difficult to analyze junk shares because of low exchange purchase, as few investors buy securities with low rating.
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Гусев, Андрей, Andrey Gusev, Максим Капин et Maksim Kapin. « The problems of underestimating the cost of securities of Russian companies in the IPO process in comparison with overseas in 2008-2014 years ». Russian Journal of Management 2, no 3 (1 juillet 2014) : 117–22. http://dx.doi.org/10.12737/10780.
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On the base of profitability analysis of shares at the close of the first day of trading and price range of issuer´s share offering price in the «inter-crisis» period from November 2008 to June 2014 the effect of partial adaptations to the IPO of Russia, the United States, Europe and Asia is considered. Conclusion is made, that there was a phenomenon of the partial adaptations of the IPO market and the existence of the phenomenon of the partial IPO market on United States, Europe, Asia, and it was proved empirically. At the last market phenomenon of partial adaptation is discernible most clearly in comparison with other markets.
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Mahboob Ali, Muhammad, Aviral Kumar Tiwari et Naveed Raza. « Impact of return on long-memory data set of volatility of Dhaka Stock Exchange market with the role of financial institutions : an empirical analysis ». Banks and Bank Systems 12, no 3 (29 août 2017) : 48–60. http://dx.doi.org/10.21511/bbs.12(3).2017.04.
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The current study intends to empirically test a relationship between long-memory features in returns and volatility of Dhaka Stock Exchange market. As such, the study uses the ARFIMA-FIGARCH and FIPARCH structure for the daily data ranging from 15 December 2003 to July 31, 2013 of Dhaka Stock Exchange market index, i.e., DSE General Index (DGEN). The observed indication assembled from long-memory tests supports the occurrence of long memory in Bangladesh stock returns. The study aims at doing research work with long-memory data set, as it provides a superior strategy, as well as gives real picture with short-memory data set. Moreover, the backup indication for existence of long memory in both return and volatility denies the efficient market hypothesis of Fama (1970) that the future return and volatility values are unpredictable. Extra measures ought to be given for the smooth functioning of the Dhaka Stock Exchange market so that both individual and institutional investors can get congenial atmosphere to invest. Authors’ suggested that Bangladesh Bank must play vital role as share market of Bangladesh is dominated by banking shares and in case of other listed shares of the Dhaka Stock Exchange, market authority should deal with transparently and fairly so that the market can be transformed into strong efficient market. This requires suitable directives, groundwork, removing malpractices and also implementation of investors’ friendly decisions. Further, fiscal policy of the country should be pro investor friendly, as well as monetary policy should work as complementary towards investment at stock exchange market as suggested by the authors.
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Kotāne, Inta. « ASSESSMENT OF MAIN LIST STOCKS AS AN INVESTMENT OBJECT IN THE BALTIC REGULATED MARKET ». Latgale National Economy Research 1, no 11 (15 octobre 2019) : 47. http://dx.doi.org/10.17770/lner2019vol1.11.4319.
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The stock market, which could be seen as one of the types of securities market, is an unstructured environment in which every investor needs to understand how to invest. For a potential investor interested in shares as one of the objects of investment, it is possible to buy the shares and potentially earn despite the fact that an investment in shares is considered to be a very high-risk investment. The research aims to assess Baltic Main List stocks as an investment object in the Baltic regulated market. The research results showed that investors should assess and invest in the companies of the Baltic Main List on Nasdaq Vilnius and Nasdaq Riga if they plan to gain income from an increase in share prices and to assess and invest in the companies of the Baltic Main List on Nasdaq Tallinn and Nasdaq Riga if they plan to earn income from dividends. The author concludes that the use of an investment account has not been sufficiently popularised among individuals, which does not contribute to the development of savings culture in Latvia and in the other Baltic States. For the education of private investors and the promotion of making decisions on share purchases, it would be desirable for investors to offer summarised information on company shares and their characteristics on the Nasdaq website. The research employed general quantitative and qualitative methods for economic research, including comparative analysis and synthesis, statistical analysis and graphic analysis.
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Olanrewaju, Rasaki, et Adejare Sodiq Olanrewaju. « An alternative mean-variance portfolio theoretical framework:Nigeria banks’ market shares analysis ». Global Journal of Business, Economics and Management : Current Issues 11, no 3 (30 novembre 2021) : 220–34. http://dx.doi.org/10.18844/gjbem.v11i3.5358.
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The ground-laying objective of portfolio conception is nothing but to allot optimally, the investment among financial assets, and a wide range of products held by investors for immediate or long-time decision. The article aims to provide both the theoretical and experimental analysis of estimating portfolio asset indexes. The technique for estimating mixing weights of each asset for proper optimization of the portfolio was described and the Ordinary Least Squares (OLS) technique was employed in the estimation of their returns and volatilities. Twelve (12) new generation (commercial and merchant) banks’ yearly market shares’ portfolios from 2001 to 2017 were analyzed. The mixing weights describing the contributing efficient frontiers carved-out U.B.A and Zenith banks to be the frontiers in the commercial banks’ shares portfolio with 0.272 and 0.202 mixing weights respectively. Additionally, the 99% confidence level of the Expected-Shortfall (ES), was higher in WEMA, UNION, ACCESS, Diamond, and FCMB banks with 20.6004%, 14.7637%, 14.6458%, 15.3011%, and 16.9373% respectively. Keywords: Asset; Expected-Shortfall; Mixing Weight; Ordinary Least Squares; Portfolio
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Ahmadi-Esfahani, Fredoun Z., et Colin A. Carter. « A DYNAMIC ANALYSIS OF US EXPORT WHEAT PRICING AND MARKET SHARES ». Australian Journal of Agricultural Economics 31, no 3 (décembre 1987) : 191–203. http://dx.doi.org/10.1111/j.1467-8489.1987.tb00464.x.
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Ahmadi‐Esfahani, Fredoun Z. « An analysis of egyptian wheat imports : A constant market shares approach ». Oxford Agrarian Studies 21, no 1 (janvier 1993) : 31–40. http://dx.doi.org/10.1080/13600819308424058.
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Ahmed, Ammar Shihab. « The role of pairing the RSI and the Japanese candlestick in making sure to choose the right time to sell and purchasing the stock Applied in a selected sample of companies listed in the Iraqi Stock Exchange ». Journal of University of Human Development 5, no 1 (23 janvier 2019) : 61. http://dx.doi.org/10.21928/juhd.v5n1y2019.pp61-71.
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The issue of determining the appropriate timing for the decisions of buying and selling shares is one of the most important topics and the concern of all investors in the stock market, whether they are natural or Morality persons . This interest has been generated by many of those interested in technical analysis to invent techniques, methods and indicators for the purpose of analyzing the performance of the stock market. Maximize the chances of profit and reduce the chances of loss, and investors suffer from the problem of choosing the right time to conduct the sale or purchase of shares of different sectors and companies, and contribute technical analysis techniques in tracking the movement of the prices of those shares to indicate their direction If it is in the case of continuous rise or in the case of continuous decline, if the trend of the movement of shares in the case of continuous rise, this rise will not continue to the end must come a period of time in which prices fluctuate and change direction downward and vice versa in the case of continuous decline, Technical analysis techniques that move through the different graphics and shapes we can use and make use of in the timing of buying and selling shares. There are a lot of technical analysis techniques including Japanese candlesticks, RSI and many more, but important when we want to use We need to use at least two analytical techniques in order to avoid uncertainty in determining the real market trends and thus making the right investment decision, whether it is the sale of shares and the analysis of the mechanism of supply and demand.
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Gayatri, Gita, Sri Rahayu Hijrah Hati, Hapsari Setyowardhani, Sri Daryanti et Kenny Devita Indraswari. « The Segmentation Bases of the Islamic Banks in Indonesia : A Qualitative Analysis ». Equilibrium : Jurnal Ekonomi Syariah 9, no 1 (4 juin 2021) : 99. http://dx.doi.org/10.21043/equilibrium.v9i1.10461.
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<em>The market shares of several Muslim majority countries' Islamic banks have remained low (e.g., Malaysia, Turkey, and Indonesia) despite many Muslims. Targeted marketing can be an effective strategy to target potential customers, increase the market share, and ultimately Bank's revenue. This study firstly aims to explore potential segmentation bases for the customers of the Islamic Bank and the impact of segmentation analysis on the targeting and positioning of the Islamic Bank. This study applied an exploratory, qualitative research design. The data were collected via in-depth interviews with 30 Muslim participants using purposive sampling. The data were analyzed using inductive content analysis to find the emerged themes. The result shows that the psychographic segmentation would be more plausible to be used by the Islamic Bank than the demographic segmentation. Based on this finding, Islamic banks should consider using psychographic segmentation to target their markets.</em>
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Arfa, Arfa, et Budi Efriadi. « Analisis Fundamental terhadap Saham Syariah dalam Memutuskan Berinvestasi di Saham yang Listing di Indeks Saham Syariah Indonesia ». AL-Muqayyad 5, no 1 (30 juin 2022) : 42–59. http://dx.doi.org/10.46963/jam.v5i1.568.
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The purpose of this article is to find out the fundamental analysis of the Indonesian Sharia Stock Index by observing and observing stock price movements. This type of quantitative research uses secondary data, financial statement analysis is taken through the official website www.idx.co.id. Data analysis using the Simple Moving Average and Relative Strength Index methods, with the approach of Price Earning Ratio (PER) and Price Book Value (PBV). The data is used in 2016-2019 as the object of research on Xl Axiata shares and Indofood CBP Sukses Makmur shares. The results of Indonesia's macroeconomic fundamental analysis provide a positive signal for investing in the 2016-2019 period in the Indonesian capital market. Analysis of financial ratios, XL shares have a negative signal for investment, XL shares intrinsic value is smaller than the market price so that it is said to be overvalued shares based on the PBV method. While ICBP shares provide a positive picture for investment based on the intrinsic value of ICBP shares which is also higher than the market price, it is said to be undervalued shares worth buying based on the PER method, ICBP shares have fairly good financial ratios seen from effective and efficient liquidity, solvency and profitability ratios.
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Cronjé, Tom, et Johan de Beer. « Share pricing of South African banking groups - Importance of efficiency and earnings per share ». Corporate Ownership and Control 8, no 1 (2010) : 679–88. http://dx.doi.org/10.22495/cocv8i1c7p2.
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Previous research findings indicate that the relevant performance of firms is one way or another, reflected in the market prices of shares. Such research is focussed on different performance components of firm individual risk (FIR), but none of the research segregates systematic and unsystematic risk of the shares to levels where the relative FIR components that were researched could be quantified in proportion to FIR level share price determinants. This brings about the objective of this research to segregate the pricing of shares in terms of market and firm specific factors with the intention to quantify the association of relative bank efficiency and earnings performance with the pricing of South African bank shares. The study draws a parallel between the actual significance of measured efficiency and earnings per share (EPS) with share pricing and quantified FIR. Within this context the comparative significance of measured efficiency and EPS are explored to investigate the Efficient Market Hypothesis (EMH) prevalence. An analysis of efficiency and share price relationships at different financial year time points shows a semi-strong form of the EMH in both the pre-Global Financial Crises (GFC) and GFC periods. This indicates that the application of an active investment strategy by investors based on efficiency measures may be beneficial. The impact of EPS as contributing determinant of share prices increased during the GFC period compared to the pre-GFC period, but reflects a strong form of the EMH.
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Maeda, Brooke Alexandra. « Application of the q-factor Model to the Japanese Share Market ». International Journal of Economics and Finance 9, no 6 (5 mai 2017) : 15. http://dx.doi.org/10.5539/ijef.v9n6p15.
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This paper tests the performance of the q-factor model proposed by Hou et al. (2015) to the Japanese share market. It examines ten years of monthly data for shares listed on both the First section and Second section of the Tokyo Stock Exchange. The results suggest that the q-factor model does not adequately explain returns for shares listed on the Tokyo Stock Exchange. For comparison purposes the data sample is applied to the Fama French three-factor model. The results of this analysis suggest that the Fama French three-factor model is more appropriate for the Japanese share market, and it provides evidence of a strong value premium. The factor which correlates to the value factor in the q-factor model was not significant, providing stronger support against the q-factor model as an adequate asset pricing model for Japan.
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Perobelli, Fernanda Finotti Cordeiro, Rubens Famá et Luiz Claudio Sacramento. « Return and Liquidity Relationships on Market and Accounting Levels in Brazil ». Revista Contabilidade & ; Finanças 27, no 71 (août 2016) : 259–72. http://dx.doi.org/10.1590/1808-057x201601530.
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ABSTRACT This article discusses profitability-liquidity relationships on accounting and market levels for 872 shares of publicly-traded Brazilian companies, observed between 1994 and 2013. On the market level, the assumption is that share liquidity is able to reduce some of the risks incurred by investors, making them more willing to pay a higher price for liquid shares, which would lower expected market returns. On the accounting level, the basic hypothesis argues that a firm's holding more liquid assets is related to a conservative investment policy, possibly reducing accounting returns for shareholders. Under the assumption of financial constraint, however, more accounting liquidity would allow positive net present value investments to be carried out, increasing future accounting returns, which would positively affect market liquidity and share prices in an efficient market, resulting in a lower market risk/expected return premium. Under the assumption of no financial constraint, however, more accounting liquidity would only represent a carry cost, compromising future accounting returns, which would adversely affect market liquidity and share prices and result in a higher market risk/expected return premium. Among the hypotheses, the presence of a negative market liquidity premium was verified in Brazil, with shares that traded more exhibiting a higher expected market return. On the margins of the major theories on the subject, only two negative relationships between excess accounting liquidity and market liquidity and accounting return, supporting the carry cost assumption for financially unconstrained firms, were verified. In terms of this paper's contributions, there is the analysis, unprecedented in Brazil as far as is known, of the relationship between liquidity and return on market and accounting levels, considering the financial constraint hypothesis to which the firms are subject.
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Ibrahim Nazal, Abdullah, et Fuad Al-Fasfus. « Impact of Liquidity Rules on Shareholders’ Returns in Jordan Islamic Bank ». International Journal of Business and Management 13, no 6 (16 mai 2018) : 225. http://dx.doi.org/10.5539/ijbm.v13n6p225.
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This paper aims to explore the impact of liquidity increases by local and international roles on shareholders’ returns in the Jordan Islamic Bank as case study. The study methodology based on financial tables annual reports of the bank from (2009-2016) in order to analysis asset liquidity risk standard and its affection on managing balance sheet, and analysis returns for common shareholders in the Bank also discuss the result of shares return reducing. The real impact is deferent because the market price of the Jordan Islamic Bank shares is not affected negatively by the rule. Its price in the market is more than the share value by the ratio (all equities/ all shares). The percentage between the market price and ratio was equal to 202% in 2014 and reduced to 155% in 2016. By discussion, the ratio there is a gap of equities impact as a result of applying depreciation on fixed assets yearly, regardless of its growth by market price. Fair result is to increase equities based on fixed assets market price increasing. This paper contributed to the knowledge by different ways, it helps leaders and managers to find the real impact of managing liquidity risk in the Islamic Bank by the Central Bank and Basel Committee.
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Schäfer, Philipp, et Nicole Braun. « Misuse through short-term rentals on the Berlin housing market ». International Journal of Housing Markets and Analysis 9, no 2 (6 juin 2016) : 287–311. http://dx.doi.org/10.1108/ijhma-05-2015-0023.
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Purpose Short-term rentals are mainly of small flats, which are offered to tourists. Currently, the providers of short-term rentals, in particular Airbnb (ABB), are being criticized in several German cities, on the grounds that shares of residential flats are being removed from the housing market, due to illegitimate misuse as tourist accommodation. Thus, the conventional urban housing markets are contending with a decline in housing supply and increasing rents. This paper aims to support these findings empirically. Design/methodology/approach The paper opted first for a spatial analysis with ArcGIS for ABB in Berlin. Second, different online data requests of periods of up to two months were used to analyze the extent of misuse with regard to the Zweckentfremdungsverbot (misuse prohibition law). Third, analysis of variance was used to analyze rental growth on the ABB markets. The data were collected in different approaches from the website of airbnb.com. Findings The paper provides evidence that 5,555 residential flats are presently being misused by ABB (0.30 per cent of the total housing stock in Berlin) and that many providers of entire flats have more than one offer simultaneously. Moreover, the paper provides the first entire-market overview of ABB in Berlin. It is evident that the ABB market is mainly located centrally and that only a few neighborhoods have large ABB markets. Rental growth is higher in the ABB markets which have a significant share of misused flats, than in the ABB markets which have insignificant shares of misused flats. Originality/value To the authors’ best knowledge, the paper provides the first empirical approach regarding misuse through short-term rentals on a housing market with an innovative design and first-hand data.
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Tarigan, E. I., H. A. Daulay, F. Hasan et Sukarpi. « Analysis of Pork Marketing in the Market Traditional Karo Regency ». Jurnal Peternakan Integratif 9, no 2 (7 octobre 2021) : 27–35. http://dx.doi.org/10.32734/jpi.v9i2.7322.
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Meat is one of animal protein sources and is widely consumed by the community, especially in the Karo Regency area. This research aims to identify the characteristics of marketing agencies, marketing channels, marketing margin, farmer share, and pork marketing efficiency in the traditional market of Karo Regency. The method used in data collection is the withdrawal of samples of dilution traders using purposive sampling methods, while samples of breeders and other marketing agencies by tracing methods, data collection is done by interview techniques using questionnaires. Data analysis includes marketing costs, marketing margins, and farmer shares of each marketing channel. The results of this study show that there are two marketing channels namely level I marketing channels consisting of merchants and breeders while level II marketing channels consist of breeders, agents, and retailers. The smallest marketing margin is obtained by the first marketing channel. The largest farmer share was acquired by the first channel. This channel only uses retailer merchants as intermediaries. In this study, both marketing channels are already efficient.
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Mobarek, Asma, et A. Sabur Mollah. « The General Determinants of Share Returns : An Empirical Investigation on the Dhaka Stock Exchange ». Review of Pacific Basin Financial Markets and Policies 08, no 04 (décembre 2005) : 593–612. http://dx.doi.org/10.1142/s0219091505000518.
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This paper investigates the underlying factors that determine share returns on the Dhaka Stock Exchange. The empirical analysis does not support the critical condition of the Capital Asset Pricing Model of a positive relationship between share return and beta. However, it shows that variables such as size, price to book, volume of shares traded, earnings yield and cash flow yield have a significant influence on share returns. The degree and direction of relationship among the variables are similar to other emerging markets, but are not always consistent with developed markets perhaps due to lack of homogeneous expectations regarding risk return characteristics and different market microstructure.