Indian Journal of Finance
By: Associated Management Consultants (P) Ltd.Single Issue
Single Issue
- IJF-March12-Article2-FACTORS AFFECTING STOCK PRICES : THE LINKAGE BETWEEN STOCK MARKET AND PRODUCT MARKET
- Price : 80.00
- Published on March 27, 2013
- Associated Management Consultants (P) Ltd.
- Issues 356
- Language - English
- Published daily
About this issue
A wide number of investigations have been made to identify the factors determining stock prices. All those investigations are, however, based on the single equation technique, where explanatory variables are treated as exogenous. The present study formulates a simultaneous equation model to explore inter connections between the explanatory variables. The model links up stock market with the product market, and the proposed model is empirically verified for the Indian cement industry. Panel data have been considered for that purpose. Empirical results support the model and establish the linkage between the stock market and the product market. Key Words: Stock Price, Product Market, Simultaneous Equation Model, Panel Data
About Indian Journal of Finance
Indian Journal of Finance, a source of sophisticated analysis of developments in the rapidly expanding world of finance, is a monthly journal with topics ranging from corporate to personal finance, insurance to financial economics and derivatives.