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Flow-through capability: The Spanish case

Author

Listed:
  • Francisco Jareño

    (Universidad de Castilla-La Mancha, Facultad de CC. Económicas y Empresariales de Albacete, Plaza Universidad, 1)

Abstract

This paper analyses the repercussion of variations in interest rates on quoted stocks. First, it reviews the main models of interest risk assessment, whose basic tool is the stock duration, that is, the sensitivity of the stock price to movements in nominal interest rates. It also analyses the main criticism concerning these models. Secondly, it estimates the capability of Spanish companies to pass inflation changes on to product or services prices.

Suggested Citation

  • Francisco Jareño, 2005. "Flow-through capability: The Spanish case," Journal of Asset Management, Palgrave Macmillan, vol. 6(3), pages 191-205, October.
    • Handle: RePEc:pal:assmgt:v:6:y:2005:i:3:d:10.1057_palgrave.jam.2240175
    DOI: 10.1057/palgrave.jam.2240175
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    Citations

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    Cited by:

    1. Mª Caridad Sevillano & Francisco Jareño, 2018. "The impact of international factors on Spanish company returns: a quantile regression approach," Risk Management, Palgrave Macmillan, vol. 20(1), pages 51-76, February.
    2. Jareño, Francisco & Navarro, Eliseo, 2010. "Stock interest rate risk and inflation shocks," European Journal of Operational Research, Elsevier, vol. 201(2), pages 337-348, March.
    3. Díaz, Antonio & Jareño, Francisco, 2009. "Explanatory factors of the inflation news impact on stock returns by sector: The Spanish case," Research in International Business and Finance, Elsevier, vol. 23(3), pages 349-368, September.
    4. M. Caridad SEVILLANO & Francisco JAREÑO, 2017. "The Impact of Relevant International Factors on the Returns of IBEX 35 Companies, 2000-2016," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 17(1), pages 37-56.
    5. Antonio Díaz & Francisco Jareño, 2013. "Inflation news and stock returns: market direction and flow-through ability," Empirical Economics, Springer, vol. 44(2), pages 775-798, April.
    6. Francisco JAREÑO & Marta TOLENTINO & María de la O GONZÁLEZ, 2018. "The Us Stock Market At Sector Level: Inflation News, 1990-2013," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 18(1), pages 73-86.

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