ACCOUNTING FUNDAMENTALS AND VARIATIONS OF STOCK PRICE: METHODOLOGICAL REFINEMENT WITH RECURSIVE SIMULTANEOUS MODEL
- Publisher: Faculty of Economics and Business, Universitas Gadjah Mada
Journal of Indonesian Economy and Business
(issn: 2338-5847, eissn: 2085-8272)
earnings yield, book value, profitability, growth opportunities, discount rate, accounting fundamentals, recursive simultaneous model
This study investigates association between accounting fundamentals and variations of stock prices using recursive simultaneous equation model. The accounting fundamentals consist of earnings yield, book value, profitability, growth opportunities and discount rate. The ...