Recent studies of the impact of financial liberalization in emerging markets have not examined the dynamic impact of the liberalization process on equity returns despite the important implications on ongoing reform policies. We analyze six Asian equity markets using a dynamic adjustment model with three independent variables: market capitalization value, price-book value ratio, and price-earnings ratio. We use panel data for the period 1991-2000 and the LSDVR (least square dummy variable regression) approach to identify the timing effects of liberalization. The stability of the model is also tested. The results indicate, in most cases, the significance of all three variables and the timing effects. Evidence of significant structural changes is also supported.
Knowing the value of a public company, its market capitalization, is of vital importance for stockholders, would be acquirers, and more generally anyone associated with the given company. With this in mind, many methodologies have been employed to analyze market capitalization, including cash-flow based analysis and real options. As the multiples approach to company valuation has been well established, we used multiple regression analysis to determine which of several important factors yield the best model for market capitalization. We conducted a study of some of the most successful companies in the U.S. and found that the best model (in terms of the adjusted R^sup 2^ value) for market capitalization includes brand value, dividend, price-to-sales ratio, and forward price-earnings-ratio...
Traditional quantitative methods used in finance, developed to control market risks accumulated by human traders, do not incorporate quality control. Finance is moving from manual to computer numerical control (CNC). The authors view trading systems that employ CNC as machines with variable outputs-outputs that can be inspected using statistical process control (SPC). Using a sample trading system, they find that quality metrics generate an investment signal contrary to that generated by the traditional metrics of finance. To manage trading machines, SPC can be used in conjunction with classical financial metrics to control risk in systematic trading and investment.
...* Sharpe and Sortino ratios, which measure past return per unit of standard de... factors" such as market capitalization, price-to-earnings ratio (PE), price-to-book value...
... deems it necessary to maintain an orderly market or to meet customer demand.\10\ The maintenance li... the position limit will be 15,000 times the ratio of 10,000 to the exercise settlement amount (e.g.,...: (1) Determine the Market Capitalization of the S&P 500. Index; (2) determine the Market Ca...
Investors frequently evaluate companies based on earnings. But what if there are no earnings, such as with young companies or firms in temporarily tough times? Then focus on sales (often referred to as revenues), via the price-to-sales ratio (PSR). The PSR takes the market capitalization of a company and divides it by the last 12 months' sales. The market cap is the current value that the market is giving the company, arrived at by multiplying the current share price by the number of shares outstanding.
One key to investment success is knowing when to exit. This paper examines the interaction of loan underwriting policies for timing indicators and the lender-borrower difference of opinion about the future and what it says about the upper limit of that market. In typical real estate acquisitions, lenders influence transactions through the loan terms they offer. Indeed, buyer interest in a property at any given price depends largely on loan terms. When the loan terms change, the buyer's interest changes, which can lead to a price change. Authors develop a bubble theory based on connections among loan-to-value ratio, debt coverage ratio, interest and capitalization rate; and explore how capitalization rate trend data can help lenders and borrowers make smart decisions.
Investors frequently evaluate companies based on earnings, but what if there are no earnings, such as with young companies or firms in temporarily tough times? Then focus on sales (often referred to as revenues), via the price-to-sales ratio. The PSR takes the market capitalization of a company and divides it by the past 12 months' sales. The market cap is the current value that the market is giving the company, arrived at by multiplying the current share price by the number of shares outstanding.
... long-term viability of our portfolio of market-dominant malls as well as the commitment to succes... 14.8% of the total market capitalization for the Company and 21.8% of the Company's share o... in absolute terms regardless of the ratio of ownership interests of the Company's common sha...
...elderly dependency ratios can yield "demographic dividends" in the years ahe... equity markets, given that market capitalization-to-GDP ratios3 have remained lower than in develop...
ver las páginas en versión mobile | web
ver las páginas en versión mobile | web
© Copyright 2012, vLex. All Rights Reserved.
Contents in vLex United States
Explore vLex
For Professionals
For Partners
Company
Other interesting searches:
eugene iovine | Terra de Brasil | Humax Corporation | Marcel Rozencweig | Don Jones | lisperguier | decreto interministeriale n 74 25 febbraio 2008 | impots locaux exoneration | Inmodificabilidad
