A financial econometric analysis of E-Commerce stock price predictability / Kok-Boon Oh and Sardar M. N. Islam

Kok-Boon, Oh and M N Islam, Sardar (2012) A financial econometric analysis of E-Commerce stock price predictability / Kok-Boon Oh and Sardar M. N. Islam. Social and Management Research Journal, 9 (2). pp. 59-85. ISSN 1675-7017

[img]
Preview
Text
AJ_KOK-BOON OH SMRJ 12 1.pdf

Download (2MB) | Preview

Abstract

The predictability of stock price changes has been a contentious issue in finance for a long period of time. Using the Australian e-commerce financial data for determining the equity value of e-commerce firms, this paper provides an empirical analysis of the issue of predictability of stock prices. The factors contributing to the predictability of equity prices in the e-commerce markets are identified, analyzed and the issues and implications are discussed and explained. This paper presents new approaches to econometric specification, estimation and testing in relation to e-commerce stock predictability including stationarity tests, co-integration modeling and analyses. The policy implications of the empirical findings are stated. The empirical findings of the Australian study are extrapolated and inferences are made for other countries.

Item Type: Article
Uncontrolled Keywords: Asset pricing; Risk; Equity market; Stock price predictability; Financial markets; Econometric modelling; Knowledge economy
Subjects: H Social Sciences > HF Commerce > Accounting. Bookkeeping
H Social Sciences > HG Finance > Finance management. Business finance. Corporation finance
H Social Sciences > HG Finance > Investment, capital formation, speculation
Divisions: Research Management Institute (RMI)
Depositing User: Staf Pendigitan 1
Date Deposited: 22 Sep 2015 04:52
Last Modified: 03 Jun 2016 08:55
URI: http://ir.uitm.edu.my/id/eprint/10345

Actions (login required)

View Item View Item

Downloads

Downloads per month over past year