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Not all that glitters is gold - not all that foreign currency what it seems?

In: Proceedings of FIKUSZ '11

Author

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  • Kíra Martin

    (Corvinus University of Budapest)

Abstract

The study first reviews the results of major international research projects on the connection of accounting information and market price of companies, then presents experiences of the empirical analysis carried out by the author. The analysis has been done by the author on a data set of the 2005-2009 time period produced by a sample consisting of companies issuing stocks registered at the Budapest Stock Exchange, and used multiple variable statistical data analysis to study the presence, direction and strength of relations of the stock price on the one hand, and the book value of equity and - from the earnings categories - earnings before interest and tax, earnings before taxes and overall earnings on the other hand.

Suggested Citation

  • Kíra Martin, 2011. "Not all that glitters is gold - not all that foreign currency what it seems?," Proceedings of FIKUSZ '11, in: Pál Michelberger (ed.),Proceedings of FIKUSZ '11, pages 91-102, Óbuda University, Keleti Faculty of Business and Management.
    • Handle: RePEc:pkk:sfyr11:91-102
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    More about this item

    Keywords

    equity; earnings; book value; market value; stock price;
    All these keywords.

    JEL classification:

    • M31 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising - - - Marketing
    • M37 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Marketing and Advertising - - - Advertising

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