This paper examines the capability of Cyclically Adjusted Price to Earnings (CAPE) or Shiller’s P/E ratio, along with other relative valuation ratios such as and P/BV, predict future returns FTSE/ASE Large Cap Index, starting from development index (1997) December 2018. We have herein used several regression models in order examine relationship between above 1, 3, 5 10 years. show that, while P...

Prior studies evaluate the relative importance of the sources of value that financial analysts bring to the market based on the price impact of forecast revisions over the event time. We find that management earnings forecasts influence the timing and precision of analyst forecasts. More importantly, evidence suggests that prior studies’ finding of weaker (stronger) stock-price responses to for...

I analyze the effect of an unexpected influx of immigrants on the price of skill and hence on the earnings, human capital accumulation, and educational attainment of native workers. In order to study these effects, I develop a general equilibrium model with heterogeneous workers who differ in their level of skill and in their ability to learn new skills. These workers accumulate human capital o...

Stock-based compensation puts managers in the position of having, at some point, to sell stock. The prevalence of stock-based compensation in the 1990s allegedly created incentives for managers to hype their companies’ stock price by manipulating earnings before selling stock. Consistent with this conjecture, we find that managers tended to inflate earnings prior to selling stock. Moreover, the...

Palladium is an element of PGM group that has significant physical properties. This leads to more attention to this metal. Due to vast applications of palladium in industry and its usage in jewelry, its price plays an important role in economic. Therefore, forecasting its price is crucial subject in economic and engineering design. This paper proposes the model GM(1,1) to predict the Palladium ...

Uncertainty in the capital market means the difference between the expected values ​​and the amounts that actually occur. Designing different analytical and forecasting methods in the capital market is also less likely due to the high amount of this and the need to know future prices with greater certainty or uncertainty. In order to capitalize on the capital market, investors have always sough...

Electricity price forecasting is a hypercritical issue due to the involvement of consumers and producers in electricity markets. Price forecasting plays an important role in planning and managing economic operations related with the electrical power (bidding, trading) and other decisions related with load shedding and generation rescheduling. It is also useful for optimization in electrical ene...

ABSTRACT The market price-earnings ratios differ from those of each share. Despite allowing for several pertinent analyses, authors have rarely addressed these valuation in the Brazilian context. We can use it to evaluate whether stock is overvalued (undervalued). In this article, we analyze mean reversion a ratio based on Ibovespa and identify periods overvaluation (undervaluation) market. con...