Purpose: This paper reviews the theoretical background and the empirical results of the
stock price volatility determinants under three categories: macroeconomic, company-specific …

This paper evaluates the fundamental efficiency of stock market valuations in China.
Utilizing a panel data set constructed by the author of all Chinese listed firms for the 1992 …

This dissertation seeks to make a contribution to the recent discussions on the role of stock
market development in economic growth. It conducts an empirical study of the economic …

This text highlights the major empirical questions and issues facing Post Keynesian
economics today. Featuring contributions by leading Post Keynesian economists, it focuses …

Share repurchases have grown rapidly in recent years and have exceeded total cash
dividends since 1997. Some analysts argue that incorporating repurchases into a …

This dissertation develops a supply and demand based theory of equity price determination
to investigate the unprecedented run-up in US equity values during 1982–1999. The model …

Over the years, many stocks in emerging industries, with hindsight, have been overvalued.
Stock prices relative to revenue, earnings, book values, or other measures often do not …

From 1982 to the peak of the stock-market bubble in the first quarter of 2000, the nominal
Standard and Poor's (S&P) composite index of 500 US stocks rose roughly 1,150 percent, or …

The equity risk premium (ERP) is used to estimate a firm's cost of equity and overall cost of
capital. It therefore is relevant to, for example, capital budgeting analyses and calculation of …