Much effort has been devoted by both academics and practitioners to understanding which factors drive share prices. Nevertheless, there are still sharp moves in stock markets that are difficult to explain. Obviously, factors that are hard or impossible to measure and subject to interpretation,...

The log-linearized present value model (PVM) has been widely used in corporate finance to understand the long-run relationship between share price and dividends using panel data. However, the application of recently established panel econometric approaches that account for slope heterogeneity...

Much effort has been devoted by both academics and practitioners to understanding which factors drive share prices. Nevertheless, there are still sharp moves in stock markets that are difficult to explain. Obviously, factors that are hard or impossible to measure and subject to interpretation,...

Share price determination is a contradictory task, affected by lots of factors. However some methods and techniques under different schools of thought have been developed for this purpose. Study reviews the important factors and philosophical developments on the subject. It discusses...

Previously, we have revealed the presence of a reliable linear dependence between share prices of energy-related companies and the difference between CPI and core CPI: any change in share prices is transmitted into a proportional change in this difference two and half months later. The...

Open-economy macroeconomics contains a monetary model in the Keynesian tradition that is deemed serviceable for analyzing the short run and a nonmonetary neoclassical model thought capable of handling the long run. But do the Keynesian and neoclassical models meet the challenges thrown out by...

Open-economy macroeconomics contains a monetary model in the Keynesian tradition that is deemed serviceable for analyzing the short run and a nonmonetary neoclassical model thought capable of handling the long run. But do the Keynesian and neoclassical models meet the challenges thrown out by...

This study examined the effect of layoffannouncements on shareholder wealth. Second, itfurther discusses the social implications oflayoffs and the extent to which investorreactions towards layoffs may have changed overtime. Details of layoff announcements for UKlisted companies were gathered for...