The Accounting Variable And Stock Price Determination
AbstractSeveral tests have been conducted to determine which valuation model best fits stock price data. Given very little success, those studies suggest the need for a clear understanding of the market process of stock price determination. This paper advances the concepts of product costing and product pricing, which pertain to financial accounting valuation and the stock market price determination, respectively. This research effort presents a workable hypothesis of stock price determination.
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Bibliographic InfoPaper provided by EconWPA in its series Finance with number 0502011.
Length: 29 pages
Date of creation: 11 Feb 2005
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Note: Type of Document - wps; pages: 29
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stock valuation models; fundamental value; committed finance; financial product costing; financial product pricing; 'investment base'; risk/return preferences; sequential expectations adjustment model; heterogeneous expectations; economic space.;
Find related papers by JEL classification:
- G - Financial Economics
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