Market and Industry Factors in Stock Price Behavior

1966 ◽  
Vol 39 (S1) ◽  
pp. 139 ◽  
Author(s):  
Benjamin F. King
Keyword(s):  
Stock Price ◽  
Price Behavior

Risk and Liquidity: The Keys to Stock Price Behavior

1976 ◽  
Vol 32 (3) ◽  
pp. 35-45 ◽  
Author(s):  
William L. Fouse
Keyword(s):  
Stock Price ◽  
Price Behavior

Value and Growth Stock Price Behavior during Stock Market Declines

2017 ◽  
Vol 26 (4) ◽  
pp. 41-52 ◽  
Author(s):  
Daniel Folkinshteyn ◽  
Gulser Meric ◽  
Ilhan Meric
Keyword(s):  
Stock Market ◽  
Stock Price ◽  
Price Behavior

Stock Price Behavior Associated with Post-1974–75 LIFO Adoptions Announced at Alternative Disclosure Times

1996 ◽  
Vol 11 (4) ◽  
pp. 535-564 ◽  
Author(s):  
Morton Pincus ◽  
Charles E. Wasley
Keyword(s):  
Stock Prices ◽  
Stock Price ◽  
Earnings Announcements ◽  
Market Response ◽  
Price Behavior ◽  
Positive Information ◽  
Earnings Announcement ◽  
Earnings Growth ◽  
Adoption Decision ◽  
Annual Earnings

We examine the behavior of stock prices at the time of post-1974–75 LIFO adoption announcements. We exploit recent theoretical and empirical developments in the LIFO adoption literature in an attempt to resolve some of the mixed findings in Hand (1993). We study LIFO adoptions announced prior to as well as at the time of annual earnings announcements. Previous research has mostly centered on 1974–75 adoptions made at the time of annual earnings announcements. Our study of LIFO adoptions announced prior to annual earnings announcement dates enables us to provide evidence on whether the early announcement of a LIFO adoption is used by firms to signal positive information about earnings growth. Collectively, our results suggest that in explaining the market response to LIFO adoption announcements, extant models of the LIFO adoption decision do not fully capture the richness of differing inflationary environments or of alternative disclosure times.

scholarly journals External macroeconomic shocks and stock price behavior in Nigeria

2021 ◽  
Vol 10 (6) ◽  
pp. 174-180
Author(s):  
Mojeed Olanrewaju Saliu
Keyword(s):  
Interest Rate ◽  
Stock Price ◽  
Real Interest Rate ◽  
Research Work ◽  
Estimation Method ◽  
Oil Price ◽  
Share Price ◽  
Price Behavior ◽  
Macroeconomic Shocks ◽  
Vector Autoregressive

This research work investigates the relationship between external macroeconomic shocks and stock price behavior in Nigeria. Variables such as exchange rate (EXR), US real interest rate (USRINTR), and world oil price (WOP) are adopted to capture external macroeconomic shocks while all share price index is used to proxy stock price. The research work uses Johansen cointegration and structural vector autoregressive model as the estimation method. Findings from the study confirm that no long-term co-movement exists between the stock price and the selected external shocks. Findings from the study equally show that both US real interest rate (USRINTR) and world oil price (WOP) are the major external shock predictors of the stock price in Nigeria.

Paths to Convergence: Stock Price Behavior After Donald Trump's Election

2018 ◽  
Author(s):  
Alexander F. Wagner ◽  
Richard J. Zeckhauser ◽  
Alexandre Ziegler
Keyword(s):  
Stock Price ◽  
Price Behavior

The effect of share ownership structure on ex-dividend day stock price behavior

2019 ◽  
Vol 45 (6) ◽  
pp. 744-759
Author(s):  
Dong H. Kim
Keyword(s):  
Ownership Structure ◽  
Stock Price ◽  
Individual Investors ◽  
Price Behavior ◽  
Content Type ◽  
Share Ownership ◽  
Investor Heterogeneity ◽  
Closing Price ◽  
The Difference ◽  
Share Ownership Structure

Purpose The purpose of this paper is to explore whether share ownership structure plays a role in determining the ex-day pricing of dividends. If share ownership structure, specifically the proportion of the firm’s stock held by individuals vs institutions, has an effect on the ex-dividend day stock price behavior, the ex-day premium is expected to be different for firms with different ownership structures. Design/methodology/approach To investigate whether the ex-day pricing of dividends is affected by the proportion of the firm’s stock held by individuals vs institutions, the author look into the ex-day premium. The ex-day premium is calculated by dividing the difference between the closing price on the cum-dividend day and the closing price on the ex-dividend day by the amount of the dividend. Findings Consistent with both the tax-based theory and the dynamic trading clientele theory, the author find that the ex-day premium decreases with the level of individual ownership. Consistent with the short-term trading theory, the author also find that the ex-day premium increases with the degree of investor heterogeneity, defined as the product of the proportion of the firm’s stock held by individual investors and the proportion held by institutional investors. Originality/value The author believe that this study contributes to the literature by providing useful evidence that share ownership structure affects the ex-day pricing of dividends, and thus this study will be of interest to the readers of managerial finance.

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