ACCOUNTING FUNDAMENTALS AND VARIATIONS OF STOCK PRICE: METHODOLOGICAL REFINEMENT WITH RECURSIVE SIMULTANEOUS MODEL

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Sumiyana, Sumiyana ; Baridwan, Zaki (2015)
  • Publisher: Faculty of Economics and Business, Universitas Gadjah Mada
  • Journal: Journal of Indonesian Economy and Business (issn: 2338-5847, eissn: 2085-8272)
  • Related identifiers: doi: 10.22146/jieb.6234
  • Subject: 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 ... View more
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