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Identification Of Significant Financial Indicators For The Market Valuation Of Croation Shares

Author

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  • Dean Uckar

    (Juraj Dobrila University of Pula)

  • Andrej Grbin

    (Juraj Dobrila University of Pula)

Abstract

Conducted research aims to identify variables with significant influence on the future movement of market stock prices. Since there is a significant number of studies with such a causal connection established at the macroeconomic level, the emphasis here was on establishing a functional relationship at the microeconomic level. For this purpose, a regression model was set with shares listed on the Zagreb Stock Exchange (the analyzed period from 2010 to 2013) where indicators of fundamental analysis, as well as their impact on the share price as the dependent variable, were determined. Out of the six independent variables included in the final model, the return on equity and the level of indebtedness have proven to be statistically most significant .

Suggested Citation

  • Dean Uckar & Andrej Grbin, 2014. "Identification Of Significant Financial Indicators For The Market Valuation Of Croation Shares," Economic Thought and Practice, Department of Economics and Business, University of Dubrovnik, vol. 23(2), pages 573-588, december.
    • Handle: RePEc:avo:emipdu:v:23:y:2014:i:2:p:573-588
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    More about this item

    Keywords

    share valuation; share price forecast; fundamental analysis;
    All these keywords.

    JEL classification:

    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

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