This paper examines the dynamics of stock prices adjustment to fundamental value proxied by dividend per share and earnings per share on the Tunisian stock market based on the cointegration techniques. First, the linear cointegration between stock prices and fundamental values is examined by...

In this paper, the authors investigate whether there is a certain relationship between five weather-based Proxy variables for investor mood and daily Tunisian stock prices over the period ranging between 1999 and 2006. The study is motivated by some recent researches arguing that people's...