Advanced Search
MyIDEAS: Login to save this article or follow this journal

Aplicación Logit A La Predicción De Rendimientos Bursátiles /

Contents:

Author Info

  • Carrasco Bañuelos, E.

    ()
    (Universidad Rey Juan Carlos I (España))

  • García Pérez, E.

    ()
    (Universidad de Oviedo (España))

Registered author(s):

    Abstract

    Los modelos de variable dependiente cualitativa han experimentado en los últimos años un importante auge en cuanto a su utilización en la investigación contable, financiera y de la empresa. En el presente trabajo se efectúa una aplicación del modelo Logit, como herramienta de análisis de la relación existente entre la información financiera histórica y los rendimientos futuros de los valores de renta variable admitidos a cotización en el mercado bursátil. De esta forma se contrasta empíricamente si determinadas variables, relativas a la situación económico-financiera de la empresa, son o no estadísticamente significativas para la valoración de los títulos de renta variable negociados en Bolsa. / This work focuses on the analysis of cualitative dependent variable Logit models, used in the field of fundamental analysis as a means of studying the relation between historical financial information and future stock returns. One of the aims of the study is to empirically establish whether certain variables relating to the financial situation of the firm are stadistically relevant or not in the evaluation of its shares on the Stock Exchange. Using this analysis, the investor could identify a potentially bad evaluation of shares by the market to gain abnormal or unexpected returns.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.aedem-virtual.com/articulos/iedee/v11/113099.pdf
    File Function: complete text
    Download Restriction: no

    Bibliographic Info

    Article provided by Academia Europea de Dirección y Economía de la Empresa (AEDEM) in its journal Investigaciones Europeas de Dirección y Economía de la Empresa.

    Volume (Year): 11 (2005)
    Issue (Month): 3 ()
    Pages: 99-113

    as in new window
    Handle: RePEc:idi:jiedee:v:11:y:2005:i:3:p:99-113

    Contact details of provider:
    Postal: Investigaciones Europeas de Dirección y Economía de la Empresa, Facultad de Ciencias Económicas y Empresariales, Universidad de Vigo, Lagoas - Marcosende s/n, E-36310, Vigo, Pontevedra, España
    Phone: (+34) 986812473
    Fax: (+34) 986812401
    Web page: http://www.aedem-virtual.com/es/journal/iedee

    Related research

    Keywords: Modelo Logit; Rendimientos anormales; Análisis Financiero; Logit model; Abnormal returns; Financial Statement Analysis;

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:idi:jiedee:v:11:y:2005:i:3:p:99-113. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Tony Crespo Franco).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.