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The Price of Stocks in Latin American Financial Markets: En Empirical Application of the Ohlson Model

Author

Listed:
  • Pedro Martinez
  • Diego Prior
  • Josep Rialp

Abstract

The emergence of the Latin American market and its growing importance attract global investors to this region with an eye on profit opportunities. This attraction demands a reliable instrument for the calculation of future stock prices of regional companies. This study examined the reliability and validity of the Ohlson Model to predict Latin American stock prices through an empirical application of a panel data analysis of 1,112 companies from this region with data from 2002 to 2009. The findings identified the countries in Latin America where the model can be used successfully.

Suggested Citation

  • Pedro Martinez & Diego Prior & Josep Rialp, 2012. "The Price of Stocks in Latin American Financial Markets: En Empirical Application of the Ohlson Model," The International Journal of Business and Finance Research, The Institute for Business and Finance Research, vol. 6(4), pages 73-85.
    • Handle: RePEc:ibf:ijbfre:v:6:y:2012:i:4:p:73-85
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    Citations

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    Cited by:

    1. Rocío Durán-Vázquez & Arturo Lorenzo-Valdés & Juan Manuel San Martín-Reyna, 2012. "Relevance of Discrecionary Accruals in Ohlson Model: the Case of Mexico," Journal of Entrepreneurship, Management and Innovation, Fundacja Upowszechniająca Wiedzę i Naukę "Cognitione", vol. 8(3), pages 21-34.

    More about this item

    Keywords

    Ohlson Model; Latin American; Stock Prices;
    All these keywords.

    JEL classification:

    • G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates

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