IDEAS home Printed from https://ideas.repec.org/p/hhs/cbsnow/1999_002.html
   My bibliography  Save this paper

Risiko For Kollaps På Aktiemarkedet- Eller Hvad?

Author

Listed:
  • Olesen, Jan Overgaard

    (Department of Economics, Copenhagen Business School)

  • Risager, Ole

    (Department of Economics, Copenhagen Business School)

Abstract

Med afsæt i et historisk lavt dividende-pris (D-P) forhold har Tom Engsted & Carsten Tanggaard prædikteret, at det danske aktiemarked vil falde med 50 % i.f.t niveauet i 1996, idet en tilbagevenden af D-P ratioen til det historiske gennemsnit hævdes primært at komme i stand via styrtdykkende aktie kurser. Forecastet bygger på den præmis, at D-P forholdet vil vende tilbage til det historiske gennemsnit, men det behøver ingenlunde at være tilfældet grundet fundamentalt ændrede skatteregler. Vi præsenterer alternative forecasts baseret ikke kun på D-P ratioen, men også på en række andre nøgletal, jf. Olesen & Risager (1998). Disse forecasts er ikke følsomme overfor præmisser vedrørende D-P forholdets tilbagevenden til det historiske gennemsnit.

Suggested Citation

  • Olesen, Jan Overgaard & Risager, Ole, 1999. "Risiko For Kollaps På Aktiemarkedet- Eller Hvad?," Working Papers 02-1999, Copenhagen Business School, Department of Economics.
    • Handle: RePEc:hhs:cbsnow:1999_002
    as

    Download full text from publisher

    File URL: http://openarchive.cbs.dk/cbsweb/handle/10398/7546
    Download Restriction: Full text not avaiable
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    Stock market; Denmark; D-P ratio;
    All these keywords.

    JEL classification:

    • G19 - Financial Economics - - General Financial Markets - - - Other

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hhs:cbsnow:1999_002. See general information about how to correct material in RePEc.

    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.

    We have no bibliographic references for this item. You can help adding them by using 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: CBS Library Research Registration Team (email available below). General contact details of provider: https://edirc.repec.org/data/incbsdk.html .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.