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Aplicación Logit A La Predicción De Rendimientos Bursátiles /

  • Carrasco Bañuelos, E.

    ()

    (Universidad Rey Juan Carlos I (España))

  • García Pérez, E.

    ()

    (Universidad de Oviedo (España))

Registered author(s):

    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.

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    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

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    Handle: RePEc:idi:jiedee:v:11:y:2005:i:3:p:99-113
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