محددات أسعار الأسهم – دراسة تطبيقية على مؤشرات الأسهم الأمريكية
Keywords:
Stock Prices - Economic FactorsAbstract
The study aims at searching for the nature of the factors affecting the movements of shares by reviewing many theories and models that formed the cognitive framework and paved the way for changes in the study of the fundamental determinants of stock prices.
In spite of the overlaps in the form of factors and determinants, our main focus on macroeconomic factors and their ability to explain stock price volatility. Three of these factors were selected: gold prices, oil prices and exchange rates, while stock prices were expressed by the )S & p 500( and the Nasdac index.
The study period included weekly data for the variables from July 2017 to June 2018. The study found that there was no effect on both gold prices and exchange rates, while the strong effect of oil prices on the movements of the value of the indices. Which calls attention to movements in oil prices when making a decision to invest in shares.
Downloads
Published
Issue
Section
License
The journal of Administration & Economics is an open- access journal that all contents are free of charge. Articles of this journal are licensed under the terms of the Creative Commons Attribution International Public License CC-BY 4.0 (https://creativecommons.org/licenses/by/4.0/legalcode) that licensees are unrestrictly allowedto search, download, share, distribute, print, or link to the full text of the articles, crawl them for indexing and reproduce any medium of the articles provided that they give the author(s) proper credits (citation). The journal allows the author(s) to retain the copyright of their published article.
Creative Commons-Attribution (BY)