Firm Characteristics, Stock Returns and Structural Change: A Panel Data Analysis of China’s Investable Companies

2010 ◽  
Author(s):  
Xiaoming Li ◽  
Huaiyu Duan
Keyword(s):  
Data Analysis ◽  
Structural Change ◽  
Panel Data ◽  
Stock Returns ◽  
Panel Data Analysis ◽  
Firm Characteristics

scholarly journals Impact of Economic Value Added Dynamics on Stock Prices Fact or Fallacy: New Evidence from Nested Panel Analysis

2019 ◽  
Vol IV (III) ◽  
pp. 96-105
Author(s):  
Malik Adil Pasha ◽  
Muhammad Ramzan ◽  
Muhammad Asif
Keyword(s):  
Data Analysis ◽  
Panel Data ◽  
Stock Returns ◽  
Information Content ◽  
Stock Prices ◽  
Panel Data Analysis ◽  
Value Added ◽  
Performance Measure ◽  
Event Analysis ◽  
Incremental Information

Present scholarship targets to examine the robustness of EVA in Pakistan and information content while controlling prior research ignored firm-specific factors towards excess stock returns. The design of this research used panel data analysis whereby relevant, incremental information content and event analysis of EVA and conventional accounting performance measure via share prices is done by employing nested panel data analysis for 70 non-financial PSX listed companies from 13 industries for a study period of 2006-2015. Against prior research, EVA doesn’t add to the incremental information content of the model. Moreover asymmetric results were revealed using nested and separate regression analysis. This study is aimed to benefit stakeholders in the context of prudent investment choice. This study identifies ROA as the most important financial performance metric for local investor’s decision making. However firm-specific characteristics like financial leverage, liquidity, and firm size also play a pivotal role.

Credit Market Depth and Income Inequality in Vietnam: A Panel-Data Analysis

2016 ◽  
pp. 5-18
Author(s):  
Hoi Le Quoc ◽  
Hoi Chu Minh
Keyword(s):  
Data Analysis ◽  
Panel Data ◽  
Income Inequality ◽  
Financial Development ◽  
Inflection Point ◽  
Panel Data Analysis ◽  
Credit Market ◽  
Method Of Moment ◽  
Market Depth ◽  
Generalized Method Of Moment

Financial development could exert various effects on income distribution of a country. By employing Generalized Method of Moment, this paper aims at examining the impacts of credit market depth, one of most used financial development barometers, on income inequality in Vietnam. The empirical findings show that expanding credit market in the country could lead to higher income inequality. We have not found evidence that supports the hypothesis of an inverted U-shaped relation ever introduced by Greenwood and Jovanovich, although this hypothesis may still hold in a sense that Vietnam has not reached to the inflection point to generate such a curve alike.

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